Have you received your 2016-2017 Property Tax Bill yet? The LA County tax assessor says that property value has increased 5.6% since last year. Some neighborhoods have now surpassed 2008 levels. Do you know what YOUR market value is? Call me and I will help you find out!
The five cities experiencing the largest growth in assessments were Hawthorne at 10.5 percent, West Hollywood at 9.6 percent, Hawaiian Gardens at 9.5 percent, Bell at 9.1 percent and Culver City at 9 percent.
Some areas such as the South Bayare exceeding their pre-recession values. All other area cities experienced growth for the year, although Carson, with $14 billion of property assessments, increased less than one percent.
Other cities’ totals included: Gardena, $5.7 billion in assessments, a 4.3 percent increase; Inglewood, $8 billion in assessments,
In the past few days, many cities across the country have reported vague threats made via social media by a group of menacing clowns. Nationwide, law enforcement believe these online pranksters are simply trying to cause widespread mayhem with their non-specific and false threats. Though there is no mention of any particular schools in California, some of the online posts list Torrance and the South Bay in the list of several cities mentioned.
The District takes any and all threats seriously and we have been in communication with the Torrance Police Department (TPD) regarding these clown sightings. TPD is investigating and monitoring the situation. Additionally, TPD has alerted all School Resource Officers and they will increase patrols around our schools in the coming days as an extra precaution.
Parents, please speak to your students about the consequences of posting or reposting any threat of any kind online. It is essential they understand that making a threat, copying, or repeating a threat against any person or school is considered a criminal action.
If you see something, say something. If at any time you encounter a suspicious person (clown or otherwise), immediately call the Torrance Police Department. For emergencies call 911 and to report any criminal activity or suspicious behavior call the TPD dispatch at 310-618-5641.
Together we will ensure that our schools and our community is safe.
The District would like to invite parents and community members to the historic groundbreaking of the brand new Aquatic Center on Monday, October 10, 2016 at 4:30 pm. This exciting $15 million project is made possible by funds from Bond Measure U, passed by Torrance voters in 2014.
The brand new, state of the art facility, will include a 60 meter Olympic size competition pool, a warm up pool, elevated bleachers for 500 spectators, and separate locker rooms for each of the four high schools.
The Aquatic Center groundbreaking ceremony will take place at 2320 Crenshaw Blvd in Torrance. Access to the address is off of Crenshaw Blvd, enter driveway located between Starbucks and Honda Service Center.
CAR predicts that California’s housing market will post a nominal increase in 2017, as supply shortages and affordability seek balance.
The C.A.R. forecast sees a modest increase in existing home sales of 1.4 percent next year to reach 413,000 units, up slightly from the projected 2016 sales figure of 407,300 homes sold. Sales in 2016 also will be virtually flat at 407,300 existing, single-family home sales, compared with the 408,800 pace of homes sold in 2015.
The average for 30-year, fixed mortgage interest rates will rise only slightly to 4.0 percent in 2017, up from 3.6 percent in 2016, but will still remain at historically low levels.
The California median home price is forecast to increase 4.3 percent to $525,600 in 2017, following a projected 6.2 percent increase in 2016 to $503,900, representing the slowest rate of price appreciation in six years.
“With the California economy continuing to outperform the nation, the demand for housing will remain robust even with supply and affordability constraints still very much in evidence. The net result will be California’s housing market posting a modest increase in 2017,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “The underlying fundamentals continue to support overall home sales growth, but headwinds, such as global economic uncertainty and deteriorating housing affordability, will temper stronger sales activity.”
09-29-2016 EXPO Forecast Final by C.A.R. Research & Economics .
Americans are making more money, and that is making the nation’s homebuilders feel a lot better about their business.
A monthly survey of builder confidence jumped a striking six points in September to the highest level in nearly a year. The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) hit 65; anything above 50 is considered positive sentiment. August’s reading was revised down one point. The index stood at 61 one year ago.
“As household incomes rise, builders in many markets across the nation are reporting they are seeing more serious buyers, a positive sign that the housing market continues to move forward,” said NAHB Chairman Ed Brady, a homebuilder and developer from Bloomington, Ilinois. “The single-family market continues to make gradual gains and we expect this upward momentum will build throughout the remainder of the year and into 2017.”
Homebuyers also believe it a good time to buy.
The market is still hot across Southern California. With Fall approaching the market seeks to find its balance in inventory and demand.
Pending Home Sales Index – July 2016