What does it really mean? Gita Gopinath, the Economic Counsellor and Director of the Research Department at the International Monetary Fund (IMF) pointed towards an unprecedented economic downturn caused by the coronavirus. In an article for the IMF, she explained that, “as countries implement necessary quarantines and social distancing practices to contain the pandemic, the world has been put in…
Burton Chase Park is a pristine, waterfront escape in Marina del Rey. The 10-acre park juts out into the main channel of the marina, offering excellent views of the harbor. It is the site of many Marina del Rey festivities, including the Summer Concert Series in July and August as well as the Marina Spooktacular in October. This well-loved…
Torrance is a bustling city in the South Bay region of Los Angeles County with a history of being an exceptional place of residence for the working man. In the tumultuous year of 1910 the city’s founder, Jared Sidney Torrance, envisioned an open-shop industrial community. Following this vision, he bought 30,000 acres south of Los Angeles proper to become what…
Federal Housing Administration loans, known as FHA loans, are often the first type of loan low-to-moderate income borrowers will consider. The loans require a lower minimum down payments and credit scores. As of 2020, you can borrow up to 96.5% of the value of your home with an FHA loan. So, if you have a credit score of at least…
Topanga is one of those places whose rich history can still be felt when you’re in the area. The name Topanga was first given the region by the Tongva tribe, one of the most powerful indigenous people groups of Southern California before European settlement. The name most likely means “where the mountains meet the sea” or “a place above.” Europeans…
How COVID-19 is Affecting Rent The widespread impacts of the coronavirus pandemic are most notable in big cities, where high-density populations are especially susceptible to becoming hotspots for the virus. One way that the virus has affected Los Angeles is by causing a dip in the price of rent. In May, the average asking rent for L.A. apartments dropped 3.3%…
The Best Hikes in Malibu – Classic Peaks and Secret Gems that Everyone Can Enjoy With the weather warming up and stay at home orders gradually lifting, more people are looking to get out of the house and spend some time in the fresh air. One popular way that people are getting back to enjoying the outdoors is by hiking….
For many of us, the 4th of July feels a little different this year. While Independence Day is normally a time to gather together and celebrate our nation, now people are avoiding large gatherings for their safety. Del Rey Urban has put together a list of ways to bring everyone together for the 4th of July during these times! Even…
What do home buyers really want? The coronavirus pandemic has drastically changed day-to-day living, which has caused most people to rethink what they value and how they want to live. The shift in our collective culture caused by the pandemic means that people are prioritizing different things, and this is especially true for home buyers as they shop the post-pandemic…
Worth anywhere from hundreds of thousands to millions of dollars, your home is likely one of the most expensive things you own. It’s also one of the most lucrative sales you can make. If you take advantage of a seller’s market or make significant renovations to your home, you could make a significant profit by selling it. This profit…
