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All agents are NOT alike! Find out what makes me a top real estate expert. Call me at: 818-248-3669 X217.
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"We were so impressed when Janet called us."
"Thank you for your dedication and understanding we love our home."
Brett & Lisa van den Berg
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Find Out More About the La Crescenta and La Canada Area Economy & Job Market
 LA CANADA La Canada is one of the wealthiest communities per capita in Southern California and this is reflected in the local economy. It also has one of the best school districts in the area, with nearly 98% of high school graduates going on to college. According to census statistics, approximately 80% of adult residents have attended college, and more than 50% hold college degrees. As you might guess, 54% of the employment sector is comprised of professional and executive work. Other white-collar jobs comprise another 32% of employment. Median household income is $109,989, significantly above state average. Unemployment in La Canada is also below the state average at only 2.7%, or 280 unemployed persons out of a total workforce of some 10,430. The number of homeowners (versus renters) is also significantly above the state average. LA CRESCENTA La Crescenta has a strong, well-educated work force, low unemployment, a rising real estate market, and is located in a beautiful crescent valley. Educational, health, and social services provide employment to 20.2% of the area population. Professional services, scientific and managerial services, as well as administrative and waste management services, comprise 14.8% of area employment. Another large sector is retail, making up 10.3% of the workforce. Financial services, insurance services, and real estate services comprise another 10.2%. And manufacturing provides another 10% of area employment. Unemployment is very low at 2.2%, with only 380 persons unemployed out of a total workforce of some 10,190.
Request my Free La Crescenta and La Canada Relocation Package. It's packed full of useful and important information about the La Crescenta and La Canada, California area. Don't move here without it! Remember: I'll send it to you for free and without obligation. Just fill out the form and I will send it right out...
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First Time Buyers >Affording A Home
Are you getting ready to buy your first home? It is important to know how much you can afford before you begin looking at properties. Talking with a lender and getting pre-approved for a loan puts you in a stronger negotiating position with sellers.
As a rule, your monthly housing costs should not exceed 28% of your monthly pre-tax income. These costs include the mortgage payment, real estate taxes, and insurance. If you have long-term debts, such as student loans or car payments, your monthly payments, including your housing costs, should be less than 36% of your pre-tax monthly income. Some loans, such as VA and FHA loans, are more flexible with these basic guidelines.
Depending on which type of mortgage you select, you can consider houses in various price ranges. An adjustable-rate mortgage will usually enable you to qualify for a higher loan amount. Your real estate agent can help you make the basic calculations. Remember that buying at the top end of your price range gives you more time to outgrow your home, and can save you money over the long term.
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What does "contingency" mean in real estate?
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A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence." |
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