Rudy Torres

569 Added | 2 Magazines | 5 Likes | 28 Following | 46 Followers | @RudyTorres | Realtor with Coldwell Banker Alliance Realty and real estate investment enthusiast

L.A. County median home price breaks record set during last decade's housing boom

In summer 2007, the Los Angeles County median home price hit an all-time high of $550,000. It soon plunged as the housing bubble burst and the national economy crashed.<p>Now the median, the point where half the homes sold for more and half for less, has finally passed the heights of 10 years ago — …

Real Estate

There's No Conspiracy, and 6 Other Things Your Home Insurance Agent Wishes You Knew

Everybody has to have home insurance -- but <i>understanding</i> the obtuse legalese buried in your policy? We're not wizards.<p>Insurance agents and brokers (generally, an agent works for a specific company; a broker is independent) exist to help you comprehend the various clauses and requirements of your …

Health Care

How car insurance companies spy on your mileage

Costs skyrocket for feds’ long-term-care insurance

Federal employees and retirees who participate in the Federal Long Term Care Insurance Program (FLTCIP) are in for some serious sticker shock.<p>They pay the full cost of that insurance, and on Nov. 1, it will jump by up to 126 percent. The average increase will be 83 percent or $111 per month.<p>That …

Health Care

U.S. Moves to Block Health Insurance Mergers

The Justice Department went to court Thursday seeking to block two mergers involving four of the nation's five health insurance giants.<p>Arguing that the deals would limit competition, the government hoped to stop the planned mergers of Aetna and Humana and of Anthem and Cigna.<p>"These mergers would …

Health Care
Economics

3 Ways That The Blockchain Will Change The Real Estate Market

Experts have suggested a number of niche industries that will be made more secure by the untamperable data record provided by blockchain technology — including international art dealing, pharmaceuticals and international trade of high-value goods — but to date, very little attention has been given …

How Much House Do Americans Actually Own?

1 Comment<p>When people say they own their home, it’s usually a half-truth at best. Often, a bank owns the home they live in — most of it, anyway.<p>Still, …

Housing

Home Sales Up as First-Time Buyers Re-Emerge

First-time home buyers flooded the market last month, reaching their greatest share in nearly four years, according to NAR’s latest housing report. …

Existing-Home Sales

Overview<p>Current sales rates, actual totals and median prices by month going back 12 months. Annual totals for three years. Includes all existing-home …

Why Is Rent So High? The Answer's Buried in Microfilm

Ever heard of microfilm? It's an arcane technology that shrinks newspapers down to the size of hockey pucks for easy storage; a once-high-tech …

Rental Scams That Anyone Can Fall For—and How to Avoid Them

The rental market is tough enough without having to deal with fake ads and crooks looking to steal your money. But it happens all the time. And it's …

Video: 3 Types of Homes First-Time Buyers Should Avoid

Remember, not all starter houses are created equal. First-time buyers might be tempted to fall for one of these three types—but should resist!

San Andreas fault 'locked, loaded and ready to roll' with big earthquake, expert says

Southern California's section of the San Andreas fault is "locked, loaded and ready to roll," a leading earthquake scientist said Wednesday at the National Earthquake Conference in Long Beach.<p>The San Andreas fault is one of California's most dangerous, and is the state's longest fault. Yet for …

Geology

Opinion: The seeds of the next housing crisis have already been planted

Back when the 2005-07 housing bubble was brewing, photos of impossibly small houses selling for insanely high prices famously made the rounds. It was …

MetLife faces record fine for misleading annuity customers

Stay ahead of your competitors by using a tool that allows you and your clients to quickly and easily compare...<p>Take steps now to make sure your …

Retirement

7 steps seniors can take to protect themselves during a disaster

Stay ahead of your competitors by using a tool that allows you and your clients to quickly and easily compare...<p>Take steps now to make sure your …

Liability Insurance

Meet the up-and-coming Generation Z

Stay ahead of your competitors by using a tool that allows you and your clients to quickly and easily compare...<p>Take steps now to make sure your …

Liability Insurance

Should You Really Trust Your Gut When Choosing a Home?

Love at first sight is every bit as much of a cherished concept for houses as it is for relationships. So how do you know when you've found your …

How Your Credit Card Can Keep You From Buying a Home

New changes coming to Fannie Mae’s automated underwriting system next month could have prospective home buyers rethinking how they pay their credit …

The Worst Mortgage Advice Home Buyers Actually Believe

Getting a mortgage is a daunting prospect, which explains why so many people seem eager to pat your hand and say, “Let me give you a little advice.” …

As Luxury Rentals Get Cheaper, Will Discounts Trickle Down to Everyone?

Skyrocketing rents are weighing down tenants all over the country. It has created a classic real estate squeeze play: People are shelling out more …

How to Spot the Next Neighborhood That’s Ready to Gentrify

First come the shabby chic bars with cleverly updated snacks (masala Chex Mix, anyone?). Then there's the influx of bearded, skinny-jeans-wearing …

Dual Agency Can Be A Good Thing

A man can't serve two masters, the Good Book says; but neither the law nor common practice precludes the possibility of both buyer and seller being …

Real Estate

Drone Photography Is Changing Real Estate For Good. Are You Keeping Up?

Photo by: Dallas Air Photos Real estate companies are quickly adopting drone technology as it offers them a new way to catch the eyes of potential …

Dallas

‘Double agent?’ A rift over how real estate is bought and sold reaches the California Supreme Court

When Martin Welc asks his real estate classes at Saddleback College if one agent should represent both the buyer and the seller in a negotiation over …

House passes private Flood insurance bill

Discover how to easily integrate predictive modeling into small commercial risk assessment to spur your growth and prosperity.<p>Don’t continue to lose …

10 most frequently stolen vehicles

It can be tricky to get the right insurance coverage for A&E clients, so you need policy options with flexibility...<p>Stay ahead of your competitors by …

Identity Theft

14 things you need to know about commercial drones and insurance

The technology related to drones, or unmanned aircraft systems, is advancing at a rapid pace.<p>A staggering 1.6 million drones were sold in 2015, and …