Congratulations Patricia!

Our Infrastructure Keeps Improving!

Restoration of the Tujunga Wash moves forward Feb  9 2012  5:08PM In recent years, projects to restore ecosystems throughout Southern California have been springing up, such as the soon-to-be-started work to recreate the habitat along the Tujunga Wash in Valley Glen which may also add value to real estate in Los Angeles county. The Los Angeles Daily News reports that workers will begin tearing up the grounds on the north side of the Wash. The surrounding land to the south already has a lively ecosystem with green landscape and wildlife, says the paper. According to the source, it will be around five months until the $3.4 million transformation if completed, which will include trees, trails, benches and picnic tables to compliment the man-made stream. The Tujunga Wash project and other restorations are reportedly intended to provide habitats for migrating wildlife while also improving the function of the wash. “Hopefully it will mimic that downstream portion, Jay Field, a spokesman for the Los Angeles District of U.S. Army Corps of Engineers and head of the project told The Daily News. “Mother Nature has a habit of doing that. Give her a little bit and she’ll really blossom.”...

Purple Line!

WESTSIDE SUBWAY EXTENSION Metro Wants Phase One of Purple Extension to Hit La Cienega Monday, February 13, 2012, by Neal Broverman Big news day on the Wilshire subway front: In a Metro memo leaked on the Transit Coalition boards, the transit agency reveals that it wants to open the first segment of the subway extension to La Cienega rather than Fairfax. The initial idea was to open the first phase of the Purple line extension to Fairfax (with another station at La Brea) at or before 2019; the subway would extend to Century City in 2026 and the VA hospital, west of the 405, in 2036 (these would all open much earlier if Metro gets federal loans as it hopes to do). Now, mostly because of methane, dinosaur issues (and the resulting drilling issues), Metro wants to stretch the first segment out to the edge of Beverly Hills. This will have little effect on the full cost of the subway, but could extend the time until the first stations open to the public. The Fairfax station is tricky because of all that methane gas and all those rotting dinosaurs underneath the area, while the La Cienega station lies west of the gassy spot: “If the Wilshire/Fairfax Station serves as the terminus for the first phase, the fully enclosed tunnel mining system would be required for both the first and second phases of construction, thereby unnecessarily increasing the complexity and cost of the second segment,” the memo reads. “By terminating at the Wilshire/La Cienega Station, the fully enclosed tunnel mining system would not be necessary for the second phase of construction–only the first phase–reducing construction costs for the second phase. More on...

A Leap Year to Remember!

We here at Sheltr Group think 2012 is a really amazing time to buy real estate, and so we’d like to show everyone why. Please take a moment to view the comparative graph of mortgage rate history that we’ve put together, and hopefully you’ll get the same good feeling about real estate in 2012!  ...

Buying a home is easier in the Leap Year!

Excerpt from Bottomline on The News: Large mortgages are easier to get under new rules, we hear from banking expert Greg McBride, CFA. Congress has authorized the Federal Housing Administration (FHA) to guarantee mortgage loans as large as $729,750 from private lenders in the most expensive regions of the US, up from a limit of $625,500. An FHA-backed loan can require a down payment as low as 3.5% but charges insurance premiums that add to borrowers’ costs. To find an FHA lender in your area, go to www.hud.gov/buying/loans.cfm. Written by Greg McBride, CFA.  ...