This Week’s Topic: Lock or Float?
Darren and Joe discuss rate options when a buyer is in escrow. How lenders treat rate options vary, but this will be a guide for you as a buyer to do your own due diligence. As with most matters, there is a risk and there is a reward.

Last Week’s Topic: L.A. Mansion Tax Approved
L.A. City Council approved $150 million in mansion tax spending. The controversial tax places a heavy burden on mansion sales to fund rental assistance, eviction defense, tenant outreach and education, cash assistance to low-income seniors and people with disabilities, tenant protections and affordable housing production. The tax is being fought and may be overturned. Results so far? Mixed. The projected $900 million per year tax raise was reduced to $672 million and total funds raised to date are $55 million since April.

More: Sold and new listing reviews, market news, other interesting things we've found this week in real estate

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