What is an ADU? | Home Tips

An ADU or Accessory Dwelling Unit refers to a legal and regulatory term for a secondary apartment or house sharing a bigger primary home. Although ADU can’t be sold separately, it offers additional income or residence for additional family members.

These Accessory Dwelling Units typically have a kitchen, entrance, and living area and may be attached to a garage. However, it makes use of water and electricity from the primary house.

The cost of an ADU depends on its design, whether it is attached to the primary home or not. In addition, the price will depend on the type of building materials and size. For a property to be an ADU it must be self-sustaining; with a kitchen, living area, and sanitation services like a bathroom, working sinks, and a toilet.

How Much Does an ADU Cost?

Although the cost of HDU depends on several factors, the most important factor is whether it is attached to detached. In general, attached ADU costs real estate investors twice the cost of attached units.

The other essential cost determinants include;

  • Location of the home
  • The size of the ADU
  • The number of amenities in the Accessory Dwelling Unit
  • Number of permits required to build an ADU
  • The level of expertise required

Why are ADUs Common in California?

ADUs have become a growing trend in the last few years due to their unlimited benefits. Here are reasons why they are common in California:

An ADU Can Increase Property Value

ADUs can increase property value; thus, you don’t need to break a bank to enhance a property resale value; instead, build an attached or detached accessory dwelling unit for maximum resale value.

It’s a Home for Visitors

If your house has limited capacity, an ADU can accommodate visiting family members and friends who desire to be alone.

They reduce Living Expenses for Older Family Members and Caretakers

An ADU can accommodate an apartment’s Caretaker. Additionally, an Accessory Dwelling Unit can host older family members who may need assisted living. Instead of taking them to an assisted living facility, they can live in an Accessory Dwelling Unit within the compound.

They Can Serve as a Home Office

Working from home, an Accessory Dwelling Unit forms a perfect workspace because it is away from children and other distractors. This is perfect especially since working from home has become the new normal.

An ADU Can Be a Source of Extra Income

An Accessory Dwelling Unit is a good idea if you want a more passive income from tenants. Since tenants have their entries, living spaces, and amenities, they can live independently.

They Can Accommodate Adult Children and Graduates

An ADU can house older children and college graduates before they are stable to rent or buy their own houses.

Economic Update | Week Ending March 2, 2024

Next Friday the Department of Labor and Statistics will release the February jobs report. Investors are eagerly awaiting what those numbers will look like. The Fed has stated that slowing job growth is their number one priority to combat inflation. It looked like job growth was slowing last year, but January’s job gains were double the amount expected. People ask, “why would the Fed want the unemployment rate to rise?” My best answer is, do you know a restaurant that’s having trouble staying open, or an accountant, attorney, or any business that they can’t find help? We have been at the lowest unemployment rate since the 1960’s for almost two years. That shortage of labor has wages rising at a much higher rate than the inflation target level. When people make more, they spend more. More competition for goods drives prices up. The Fed’s goal is to get the labor market more balanced. Having more jobs than applicants is not a sustainable labor market. After last month’s surging job growth mortgage rates increased and the Fed’s likelihood of dropping rates from their 24-year high levels became more unlikely in the coming months. If job creation slows mortgage rates will drop and the Fed will be able to begin lowering rates.

Stock markets – The Dow Jones Industrial Average closed the week at 39,087.38, down 0.2% from 39,151.53 last week. It is up 3.7% year-to-date. The S&P 500 closed the week at 5,137.08, up 1% from 5,088.80 last week. The S&P is up 7.7% year-to-date. The Nasdaq closed the week at 16,274.94, up 1.7% from 15,996.82 last week. It is up 8.4% year-to-date.

U.S. Treasury bond yields – The 10-year treasury bond closed the week yielding 4.25%, almost unchanged from 4.26% last week. The 30-year treasury bond yield ended the week at 4.38%, almost unchanged from 4.37% last week. We watch bond yields because mortgage rates follow bond yields.

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of February 15, 2024, were as follows: The 30-year fixed mortgage rate was 6.94%, up from 6.90% last week. The 15-year fixed was 6.26%, down from 6.29% last week.

The graph below shows the trajectory of mortgage rates over the past year.


Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S.

 

Have a great weekend!

Economic Update | Month Ending February 29, 2024

Key economic news in February – Stock prices soared with the Dow and S&P hitting record highs, and the Nasdaq made up most of last year’s losses. Recent reports show that the economy appears to be heating up. 353,000 net new jobs were added in January, nearly double the number that analysts expected. Corporate profits beat estimates almost across the board with tech stocks leading the way. Unfortunately, with the economy so strong the inflation level is not dropping as quickly as economists had hoped. The Consumer Price Index (CPI), which measures consumer prices rose 3.1% from one year ago. Experts had projected a 2.9% increase. The Producer Price Index (PPI) for January, which measures wholesale prices, increased 0.3% month-over-month, its largest increase since last August, and well above the 0.1% increase economists expected. Investors were very optimistic in December and January that the Fed would soon begin to drop their key interest rates from the current 23-year high levels but now feel that a rate drop is months away. Minutes from the latest Fed meeting confirmed that the Fed is in no rush to begin dropping rates. This drove bond yields and mortgage rates higher in February, but they are still well below their peak last October.

Stock Markets – The Dow Jones Industrial Average closed the month at 38,996.39, up 2.2% from 38,150.30 on January 31, 2023. It is up 3.5% year-to-date. The S&P 500 closed the month at 5,096.27, up 5.2% from 4,845.65 last month. It is up 6.9% year-to-date. The NASDAQ closed the month at 16,091.92, up 6.2% from 15,164.01 last month. It is up 7.2% year-to-date.

U.S. Treasury bond yields – The 10-year treasury bond closed the month yielding 4.25%, up from 3.99% last month. The 30-year treasury bond yield ended the month at 4.38%, up from 4.22% last month. We watch bond yields because mortgage rates often follow treasury bond yields.

Mortgage rates – The Freddie Mac Primary Mortgage Survey reported that mortgage rates as of February 29, 2024, for the most popular loan products were as follows: The 30-year fixed mortgage rate was 6.94%, up from 6.69% at the end of January. The 15-year fixed was 6.26%, up from 5.96% at the end of January.

The graph below shows the trajectory of mortgage rates over the past year.

Home sales data is released on the third week of the month for the previous month by the National Association of Realtors and the California Association of Realtors. These are January’s home sales figures.

U.S. existing-home sales – The National Association of Realtors reported that existing-home sales totaled 4.00 – million units on a seasonally adjusted annualized rate in January, down 4.8% from an annualized rate of 4.20 million in January 2023. The median price for a home in the U.S. in January was 379,100, up 5.1% from $360,800 last January. There was a 3.0-month supply of homes for sale in January, almost unchanged from a 2.9-month supply last January. First-time buyers accounted for 28% of all sales. Investors and second-home purchases accounted for 17% of all sales. All cash purchases accounted for 32% of all sales. Foreclosures and short sales accounted for 2% of all sales.

Lower mortgage rates in January were credited to an increase in home sales – The California Association of Realtors reported that existing-home sales totaled 256,160 in January, up 14.4% from 224,000 closed sales in December, and up 5.9% from a revised 241,920 homes sold on an annualized basis last January. There was a 3.2-month supply of homes on the market in January, up from a 2.5-month supply of homes in December, and down from a 3.5-month supply one year ago. The statewide median price paid for a home in January was $788,940, up 5% from a revised median price of $751,700 last January.

 

The graph below shows sales data by county in Southern California.

Mortgage Rate Update | February 29, 2024

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of February 29, 2024, were as follows: The 30-year fixed mortgage rate was 6.94%, up from 6.90% last week. The 15-year fixed was 6.26%, down from 6.29% last week.

The graph below shows the trajectory of mortgage rates over the past year.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S.

From Live Video on X to New SDs and More! | Tech News

Stay connected with what’s happening in the world of tech! From live video on X to new SDs and more, we have you covered with the latest. Read on for what’s happening from across the World Wide Web!

Apple Expands Self-Repair Program to Include M3-Powered Macs

Apple has broadened its Self-Service Repair program to now include MacBook Pro and iMac models equipped with the M3 processor, enabling owners of these latest devices to access necessary tools, parts, and manuals for repairs directly from Apple. The program will also introduce a remote diagnostic tool for M3 Macs, initially rolled out for M2 Macs and the iPhone 15, to test and ensure device parts function optimally and identify needed repairs. Additionally, Apple is simplifying the System Configuration process for all Mac models to eliminate the need for contacting support to validate repairs, a move aimed at enhancing user convenience. This expansion and the introduction of new services, slated for next month in regions with access to the Self-Service Repair program, reflect Apple’s ongoing commitment to user repairability, despite recent controversies over its opposition to certain right-to-repair legislation.

Ford Provides Free Tesla Supercharger Adapters to EV Owners Through July

Beginning today, Ford electric vehicle owners have the opportunity to obtain a complimentary adapter, facilitating access to Tesla’s extensive Supercharger network. This initiative marks Ford as the pioneer among automakers to distribute these adapters, following its decision to embrace Tesla’s North American Charging Standard (NACS) for its future EVs—a move that has influenced a broader industry trend towards Tesla’s charging system. The adapter, developed by Tesla, bridges Ford’s EVs with Combined Charging System (CCS 1) outlets to Tesla’s Superchargers, a device that normally costs $230. Ford is offering this adapter free of charge until July 1st, after which it will be available for purchase at its regular price. Ford EV owners can reserve their adapter via the FordPass smartphone app, signaling a significant step towards enhancing EV charging accessibility and convenience.

X Introduces Live Video Feature in Spaces, Opts Not to Revive Periscope

X, previously known as Twitter, has enhanced its live audio feature, Spaces. The app introduced the capability for hosts to share live video during chat sessions. This update allows hosts to choose between their device’s front or back camera and select their preferred orientation. Currently, this video feature is exclusive to the iOS version of the X app, with no immediate availability on Android or web platforms. Unlike the defunct Periscope, which allowed hosts to invite guests to live broadcasts, the video in Spaces is presently limited to hosts. Likewise, this creates a visual focus on the host within the session. This development seems to diverge from Elon Musk’s earlier hints at a more interactive videoconferencing-like feature. This is in contrast to a more broadcast-centered experience reminiscent of platforms like Twitch.

Substack Introduces Direct Messaging Feature on Its Platform

Substack has introduced a direct messaging feature, allowing writers and readers to engage in private one-on-one conversations. Likewise, this is akin to the DM functionalities of social networks like X and Instagram. Notifications for received messages are sent via the app or email. Communication is primarily between connected users, with messages from others directed to a “Requests” folder for approval. Creators also have the option to restrict message requests to their paid or founding members. This enhancement is part of Substack’s ongoing efforts to evolve beyond a newsletter platform.

Samsung’s Latest MicroSD Cards Enhance On-Device AI Capabilities

Samsung’s introduction of new, high-speed microSD cards is set to facilitate the advancement of on-device AI. Likewise, this would make it possible for users to engage with more complex AI-driven applications directly on their devices. The company has commenced the sampling of a 256GB SD Express microSD card, promising unprecedented read speeds. This development aims to expand the potential for mobile devices to handle data-intensive AI tasks, such as speech recognition and real-time translation. Additionally, the introduction of dynamic thermal guard technology in these cards ensures they operate within optimal temperature ranges. This move by Samsung highlights the growing trend towards enhancing mobile devices’ AI processing capabilities. Of course, the development paves the way for the next generation of “AI phones.”

Weekend Events | March 1 – March 3

Kickstart March with a bounty of weekend fun! From food festivals to DJ sets, and more, we have you covered for what’s happening around town. Read on for our rundown of events taking place this March 1 through March 3.

Los Angeles Weekend Events | March 1 – March 3 

First Fridays at the Natural History Museum

When: March 1 – June 7 

Where: DTLA

What: If the usual First Fridays filled with bustling food trucks and crowded dive bars have lost their appeal, consider embracing something time-honored—trust us, it’s a positive change—at the Natural History Museum. Here, First Fridays transform into an evening where dinosaurs meet DJs. From February to June, on the first Friday of each month, the museum extends its hours for a special KCRW-curated music event, welcoming guests of every generation for an after-hours museum experience. The program varies monthly, featuring a diverse array of musical performances and DJ sets, alongside guided tours of the museum and engaging discussions led by scientists.

CicLAvia: Melrose

When: February 25 – December 8  

Where: Melrose

What: Experience a unique cycling journey on February 25th, navigating through Fairfax, Larchmont, Melrose Hill, and East Hollywood. This edition of the event invites you to enjoy these neighborhoods like never before, on a route designed for cyclists and free from cars, showcasing a commitment to bike-friendly paths and community engagement.

Re:HER Festival

When: March 1 – March 31 

Where: Los Angeles

What: Celebrate women’s culinary achievements by dining at top-notch Los Angeles eateries during the comeback of this yearly gastronomy festival. The RE:Her festival, organized by Regarding HER, will showcase special themed menus, engaging discussions, and collaborations among female restaurateurs throughout the month. This year’s highlights include a Casa Vega and Gasolina Cafe-hosted paella night on March 22, a chaat celebration at Benny Boy Brewing on March 10, and a dinner featuring the chefs of the Arts District on March 20.

 

Westside and Beach Communities Weekend Events | March 1 – March 3 

Los Angeles Wine & Food Festival

When: March 1 – March 3 

Where: Santa Monica

What: Distinguishable from the former L.A. Food & Wine Festival, the L.A. Wine & Food Festival emerges as a highlight of Frieze Week, stationed adjacent to the Santa Monica Pier. It boasts a remarkable roster of culinary talent and establishments such as Pizzana, Jitlada, Holbox, Crudo e Nudo, Anajak Thai, among others. While tickets are at a premium, they offer unlimited access to food and beverages.

Only the Young: Experimental Art in Korea, 1960s–1970s

When: Until May 12 

Where: Westwood 

What: Explore initial creations in assemblage, installation, happenings, and conceptual art in this survey of art from the years succeeding the Korean War. This exhibition marks the first of its kind in North America to concentrate on this era.

The Mean Girls Experience L.A.

When: January 12 – April 21, 2024 

Where: Santa Monica

What: Get ready to immerse yourself in a Mean Girls-inspired adventure in Santa Monica where you might just hear some “you can’t sit with us!” exclamations. With each ticket, you’ll enjoy a meal consisting of an entree and side (such as the “Stab” Caesar salad and cheese fries) in a cafeteria-style atmosphere. Additionally, you’ll have access to the Cool Mom Bar and numerous photo opportunities, including Regina’s bedroom mirror, the Burn Book, and the talent show stage.

San Fernando Valley Weekend Events | March 1 – March 3 

Embroidery Social

When: March 2 

Where: Brand Library Lawn | 1601 West Mountain Street Glendale

What: Get ready to stitch, chat, and have a blast at the Embroidery Social – a fun-filled gathering where creativity and camaraderie come together.

Shaping Gravity: Abstract Art Beyond the Picture Plane

When: Until March 10 

Where: Glendale

What: Experience the vibrant interpretations of abstraction by seven artists at this complimentary exhibit at the Forest Lawn Museum. Explore diverse artworks ranging from sculptures and paintings to augmented reality pieces and interactive video projections. Featured artists include Jen Stark, Molly Larkey, Shane Guffogg, Michelle Jane Lee, Christine Nguyen, Rema Ghuloum, and Sara Ippolito.

VALLEY RELICS MUSEUM EXPERIENCE

When: Every Saturday and Sunday

Where: 16781 Stagg Street Hangar C3 & C4 | Van Nuys

What: Visit the Valley’s beloved Museum of Pop Culture this weekend! The Valley Relics Museum invites you to join them for a day full of nostalgia and fun. Their one-of-a-kind museum.

 

Conejo Valley Weekend Events | March 1 – March 3 

Singletrack Stampede 10K and 22K Runs

When: March 2, 7:30am – 10:30am

Where: 4232 Las Virgenes Rd, Calabasas

What: The 2024 Ventura Marathon and Half Marathon are planned for Sunday, February 25, 2024. The marathon and half marathon are point-to-point races, starting in Ojai and ending in downtown Ventura. The marathon starts at 6:30 am.

61st Annual Ventura Gem, Mineral, Fossil & Lapidary Show

When: March 2, 10am – 5pm

Where: Seaside Park, Ventura

What: The Ventura Gem & Mineral Society is hosting its 61st Annual Gem, Mineral, Lapidary & Fossil Show at the Ventura County Fairgrounds, Seaside Park, on March 2nd (10 am to 5 pm) and March 3rd (10 am to 4 pm). The event will feature a wide array of gems, minerals, rocks, and fossils, along with jewelry, exhibits, dealers, and a silent auction. Additional attractions include prizes, kids’ activities, and a plant sale.

37th Annual Spring Art & Crafts Festival at Borchard Park

When: March 2, 10 am – 4 pm

Where: 190 Reino Road, Newbury Park

What: The Conejo Recreation & Park District invites you to the 37th Annual Art & Crafts Festival, scheduled for March 2, 2024, at the Borchard Community Center, located at 190 Reino Road, Newbury Park. This complimentary event is set to run from 10:00 am to 4:00 pm, happening regardless of weather conditions. Attendees will have the opportunity to explore the unique creations of over 30 artisans and craftspeople.

The Best Local Sandwich Shops and Deli’s | L.A. Eats

If you’re really craving a sandwich in South California, you’re in luck because the region has a good variety of exciting sandwich spots that will leave you wanting more. Below are the best local sandwich shops and deli’s you should try:

Los Angeles | The Best Local Sandwich Shops and Deli’s

Oui Bakery and Café

Location: Hollywood, LA

When it comes to sandwich shops, Oui Bakery cafe is a superb choice. This spot is ideal for quick eats, dining solo, or a to-go team lunch when everyone wants something different. They have lovely fresh bread on their sandwiches and delicious sauces within the sandwich. Fresh fruit juices are also in plenty.

E Stretto

Location: Downtown, LA

Perfect for quick lunch or late-night eats, E Stretto is a small sandwich stand in Downtown LA. With a variety of about eight sandwiches, you’re sure to find something that appeals to your palate. You should try the roast beef or the chorizo-and-manchego-filled papa. Another added advantage is that the spot is usually not crowded.

Brothers Sandwich Shop
Location: Mid-Wilshire, LA

With an excellent selection of exciting sandwiches and sides, Brothers Sandwich Shop is a really great choice, Likewise, it’s ideal if you are looking for something different for lunch or dinner.

Westside and Beach Communities | The Best Local Sandwich Shops and Deli’s

Bay Cities
Location: Santa Monica

This family-run Italian deli makes plenty of incredible sandwiches. You should definitely try their famous Godmother, made of Prosciutto, mortadella, ham, salami, capicola, and provolone, all stacked between crunchy Italian bread and topped with “the works” – a heaping pile of mild and spicy peppers.

Bread Head
Location: Beverly Hills

Their focaccia ordered with garlic mayo will have you swoon. Besides, you can also try their delicious roast beef with horseradish aioli and stracchino.

Gjusta
Location: Venice

Although usually crowded, Gjusta is an ideal pit-stop after a day at the beach. Their sandwiches are heavenly. This spot is perfect for outdoor dining or quick eats. In addition, we recommend you try their popular Porchetta Melt, the bialy egg breakfast sandwich, or the tuna conserva.

San Fernando Valley | The Best Local Sandwich Shops and Deli’s

Hank’s a Deli of Sorts
Location: Sherman Oaks

As the name implies, Hank’s Deli of Sorts is more than just a deli and sandwich shop. This spot has excellent sandwiches and fast customer service making it perfect for lunch or cheap eats on the go.

Tarzana Armenian Deli and Grocery
Location: Tarzana

This family-run establishment is popular for its Armenian delicacies. Their classic pita wrap sandwiches will melt your heart. In addition, this spot is perfect for lunch and quick eats.

Mendocino Farms
Location: Studio City

For sandwich sops, you can never go wrong with Mendocino Farms. This is one of the best farm-to-table spots in LA. Likewise, you will definitely enjoy the taste of fresh ingredients as well as their healthy options.

Conejo Valley | The Best Local Sandwich Shops and Deli’s

Mouthful Eatery
Location: Thousand Oaks

The sandwiches at Mouthful Eatery are remarkably flavorful, well-balanced, and one of the most unique you’ll find in all of LA. Their sandwiches are fully stuffed and can be served alongside their savory and non-greasy fries.

Italia Deli & Bakery
Location: Agoura Hills

This popular Italian spot has the best sandwiches, hands down. With the option of pre-made ingredients, you can be sure of quick service. Although their sandwiches are a little more expensive, their quality is unmatched.

JOi Café

Location: Conejo Valley

Joi Cafe is a fantastic spot for vegans/vegetarians/health-conscious devotees. They have a variety of plant-based, vegetarian and vegan options that will entice your tastebuds. Likewise, this spot is quickly becoming a lunch favorite.

Family-Friendly Theme Parks to Visit | Out & About

If you’re planning a fun-filled day out, it’s hard to beat a theme park. With exciting rides for people of all ages, theme parks offer something for everyone. Great for families, groups of friends, couples, and even thrill-seeking solos, theme parks promise a day of enjoyment and laughter. Residents of SoCal are lucky to have several top-class theme parks almost on their doorstep. Here are the best theme parks in Southern California for an awesome day.

Six Flags Magic Mountain

You’ll find a small selection of kid-friendly attractions at Valencia’s Six Flags Magic Mountain. The theme park is mainly geared towards thrill-seeking teens and adults. Dare to ride the Riddler’s Revenge, the record-breaking stand-up coaster. In addition, you can feel the rush on rides like Goliath, Dive Devil, X2, Viper, and Scream. Snap selfies with your favorite Looney Tunes characters before grabbing a bite at one of the park’s eateries.

Disneyland Resort

A firm family favorite in Anaheim, the expansive Disneyland Resort boasts two incredible theme parks. In addition, there are amazing themed shopping areas, diverse restaurants, hotels, spas, and more.

In Disneyland Park, explore spell-binding themed areas like Fantasyland, Critter Country, Adventureland, and other timeless favorites. Likewise, you can meet many Disney characters and enjoy rides like Space Mountain, Pirates of the Caribbean, and Indiana Jones Adventure. Of course, watching the parades is a must!

In Disney California Adventure Park, top rides include Luigi’s Joy to the Whirl, Radiator Springs Racers, and Incredicoaster. In addition, there are many experiences to enjoy like the Animation Academy, watching the Mariachi Divas, and marveling at vibrant parades.

Universal Studios Hollywood

Another big-name theme park in Southern California, Universal Studios Hollywood is perfect for lovers of the silver screen. Step into the world of movies and be wowed with tours that show you the inner workings of a studio. Likewise, you can see props and sets and experience thrilling simulated events. Enjoy exciting rides, all inspired by popular movies and TV shows. Of course, this includes watching the spectacular WaterWorld show or discovering the Wizarding World of Harry Potter. In addition, you can join cool immersive games and dive into the entertainment and leisure options at Universal CityWalk.

DropZone Waterpark

Cool down in the heat and combine action and relaxation at DropZone Waterpark. Located in Perris, the waterpark features pools of varying depths, chutes, and slides, the leisurely Jet Stream River, and an activity pool with cannons, jets, and other water features. Get an adrenaline rush on the boards of Hydroplane Flowrider, pretend you’re at the seaside at Jumper’s Sandbox, or rent a cabana to unwind and soak up the sun.

Raging Waters Los Angeles

If you want even more adventure in the water. Raging Waters Los Angeles is the biggest waterpark in all of California. Set across 50 acres, you’ll find thrilling rides like Bombs Away, Aqua Rocket, and Ragin’ Racer, while tamer attractions for younger members of the family include the Lily Pads, Amazon Adventure, Kid’s Kingdom, and Volcano Fantasea. Rides like Dragon’s Den, Dark Hole, Neptune’s Fury, and Thunder Rapids offer the perfect middle ground. Bob around in the three-foot waves at Wave Cove, shop for aquatic wear and souvenirs, and relax in the sunshine. There are plenty of eateries and refreshment spots to keep hunger and thirst at bay.

Boomers Irvine

Have some good-old amusement park fun with a few hours at Boomers Irvine. People of all ages can practice their swing at the mini-golf course, while the batting cages require quick reflexes and lots of energy. There are go-karts for kids and adults, and you can unleash your competitive heart at laser tag and the arcade. Other attractions include the heart-racing flame thrower ride, bumper boats, and the whimsical child-pleaser of King Arthur’s Carnival.

As well as the above six theme parks, other great options include Legoland California, located near Carlsbad, the family-friendly Knott’s Berry Farm, SeaWorld San Diego, the water lover’s paradise of Knott’s Soak City, Santa Monica Beach’s Pacific Park, Balboa Fun Zone at Newport Beach, the carnivalesque Castle Park in Riverside and Fiesta Village in Colton.

 

Tips for Repotting Your Plants | Home Tips

Houseplants are a beautiful addition to any home, and they bring life and beauty to any space. But they need some special care to stay healthy and happy. Repotting is an important step in caring for houseplants, as it ensures that their roots have enough room to grow and that the soil contains all the nutrients they need. In this blog, we’ll give you some tips on repotting your houseplants so that they can thrive in their new homes! 

Drainage is Key

First of all, you’ll want to select a pot with adequate drainage holes. This helps keep the plant’s roots from sitting in waterlogged soil, which can cause root rot. Make sure your new pot has one hole for every inch of the pot’s diameter: for example, if your pot is 10 inches wide, there should be at least 10 drainage holes on the bottom. 

Soil Matters

Next, you’ll want to choose a soil mix that is suitable for houseplants. A general-purpose potting mix usually works well, but make sure it doesn’t contain any perlite or vermiculite, as these can absorb too much moisture from the plant’s roots over time. You could also add some slow-release fertilizer pellets into the mix as well for additional nutrient availability for your plants. 

Time to Repot

Once you’ve chosen a pot and soil mix, it’s time to start repotting! Here are some tips on how to do it properly:

– Start by making sure the plant is watered thoroughly a day or two before repotting so that its roots are easier to work with; this will help reduce any transplant shock later on. 

 – Gently remove the plant from its existing pot by tapping or squeezing it slightly until it slides out; don’t pull or tug at the stem too hard, as this can damage fragile roots.  

 – Tease apart any tangled or matted roots gently with your fingers before placing them into their new container; if necessary, cut away any dead or damaged sections before transferring them into fresh soil. 

  – Fill up about ⅔ of the new pot with fresh soil mix and place the root ball into it carefully without packing it down too firmly (this could suffocate delicate root systems). 

 – Once planted securely in place, add more soil around its base until full, then lightly pat down around its edges using your fingertips; water again once done and let drain thoroughly before setting aside in a warm spot with indirect sunlight exposure until established again (this may take several weeks).

Repotting houseplants may seem like a daunting task at first, but with proper planning and preparation beforehand, it can be done seamlessly and quickly! Just remember not to overcrowd pots when planting multiple plants together – each one needs enough room for its own roots, so space them out evenly when possible. Also, avoid over-watering newly transplanted ones too often as this could lead to excessive moisture retention resulting in root rot issues down the line – instead, wait until their topsoil layer appears dry before watering again sparingly only when needed going forward!

Economic Update | Week Ending February 24, 2024

Weekly Economic Update

The Dow and the S&P 500 closed the week at record highs – Tech stocks led the way with an impressive week, but all sectors were generally higher. The resilience in the economy has surprised investors who were expecting a slowdown one year ago and now see the economy continuing to expand. The Dow Jones Industrial Average closed the week at 39,151.53, up 1.4% from 38,627.99 last week. It is up 3.9% year-to-date. The S&P 500 closed the week at 5,088.80, up 1.7% from 5,005.57 last week. The S&P is up 6.7% year-to-date. The Nasdaq closed the week at 15,996.82, up 1.4% from 15,775.65 last week. It is up 6.6% year-to-date.

U.S. Treasury bond yields – The 10-year treasury bond closed the week yielding 4.26%, down from 4.30% last week. The 30-year treasury bond yield ended the week at 4.37%, down from 4.45% last week. We watch bond yields because mortgage rates follow bond yields.

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of February 15, 2024, were as follows: The 30-year fixed mortgage rate was 6.90%, up from 6.77% last week. The 15-year fixed was 6.29%, up from 6.12% last week.

The graph below shows the trajectory of mortgage rates over the past year.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S.

U.S. existing-home sales – The National Association of Realtors reported that existing-home sales totaled 4 million units on a seasonally adjusted annualized rate in January, down 4.8% from an annualized rate of 4.2 million in January 2023. The median price for a home in the U.S. in January was 379,100, up 5.1% from $360,800 last January. There was a 3-month supply of homes for sale in January, almost unchanged from a 2.9-month supply last January. First-time buyers accounted for 28% of all sales. Investors and second-home purchases accounted for 17% of all sales. All cash purchases accounted for 32% of all sales. Foreclosures and short sales accounted for 2% of all sales.

Have a great weekend!