WHAT’S HAPPENING TO HOME PRICES? THE SEPTEMBER REPORT

Southern California’s housing market maintained its brisk pace in September with both sales and prices rising from levels a year ago, a market tracker said Monday. Last month, sales of new and previously owned houses and condominiums rose 13 percent from a year ago to 21,350 properties, according to CoreLogic. That is the most sales for the month of September in six years, the company said. Click here to read more.                                              Continue reading

BIG BUCKS: THE TOP SALES IN LOS ANGELES REAL ESTATE LAST WEEK

A designer showplace in Beverly Hills, an ocean-view condominium in Santa Monica and the Brentwood home of a video game executive were among the most expensive real estate sales in Greater Los Angeles in the week that ended Oct. 3. $23.8 million — Beverly Hills In the 9900 block of Beverly Grove Drive, a Contemporary-style home built on speculation sold for $11.2 million less than the January list price — $35 million. It had been listed for sale at $23.8 million since May, property records show. Click here to read more.                                              Continue reading

SHOOTING FOR CHIC IN 2016: THE TOP DESIGN TRENDS

From the latest innovative textile material to the hottest new trend in state-of-the-art fitted kitchens, 2016 is set to be the year we’re all going to be talking about. Whether your style is contemporary, avant-garde or minimalist, interior design trends for the New Year are focused towards turning your home into a desirable space that will embody definitive style. Take note to embrace your home’s quirks to maintain the balance between the old and new styles. Enjoy the journey of curating anew but concentrate on opting for those that will make your space not only feel rejuvenated but also most importantly, you. Click here to read more.                                            Continue reading

THE PARAMOUNT PICTURES MASTER PLAN: WHAT WILL IT MEAN FOR THE NEIGHBORHOOD?

The Paramount Pictures lot has been a presence in the Larchmont area since the 1920s, but they've only relatively recently begun to try and create a master plan for the multi-parcel studio complex. The Larchmont Buzz takes a look at the plan's draft environmental impact report, released last month, and finds that there are some big changes on the horizon if Paramount's long-term vision comes to be. Within the footprint of their existing lot, the studio is hoping to add a total of 1.4 million square feet of space for offices and production, replace a parking lot on the corner of Van Ness and Melrose with an eight-story building, and put up a 15-story office tower close to Melrose and Gower. Click here to read more.                                            Continue reading

SEPTEMBER SOCAL SALES RESULTS ARE IN!

Southern California’s housing market maintained its brisk pace in September with both sales and prices rising from levels a year ago, a market tracker said Monday. Last month, sales of new and previously owned houses and condominiums rose 13 percent from a year ago to 21,350 properties, according to CoreLogic. That is the most sales for the month of September in six years, the company said. Sales have now risen on a year-over-year basis for eight consecutive months. It’s is the longest stretch of year-over-year gains since late 2012 through early 2013, CoreLogic said. Click here to read more.                                            Continue reading

IS HOME OWNERSHIP STILL THE AMERICAN DREAM?

WASHINGTON (October 14, 2015) — A vast majority of Americans believe that buying a home is a solid financial decision, and most believe they could sell their home for at least its initial purchase price, according to a new survey from the National Association of Realtors®. The 2015 National Housing Pulse Survey also found that a preponderance of Americans think that now is a good time to buy a home. The survey, which measures consumers' attitudes and concerns about housing issues in the nation's 50 largest metropolitan statistical areas, found that more than eight in 10 Americans believe that purchasing a home is a good financial decision, and 68 percent believe that now is a good time to buy a home. Seventy-one percent believe they could sell their house for what they paid for it, a jump of 16 percentage points from 2013. Click here to read more.                                            Continue reading

BIG BUCKS: THE TOP SALES IN LOS ANGELS LAST WEEK

The onetime home of a Broadway producer, a tennis court estate in Brentwood Park and a Palos Verdes Estates contemporary with a shooting range were among the priciest residential real estate sales in the Greater Los Angeles area in the week that ended Oct. 17. $10.35 million — Brentwood In the 200 block of North Bristol Avenue in Brentwood Park, a tennis court estate sold after being listed for sale in June for $11.7 million. Click here to read more.                                            Continue reading

PRICING YOUR PROPERTY: IT TAKES MORE THAN COMPS

“Comps” – or recent comparable sales – give real estate practitioners and appraisers the information they need to price a home at fair-market value. Though comparable data are clear-cut to a professional, how many sellers understand the various tangibles and intangibles that inform these comparisons? Click here to read more.                                          Continue reading

ROSY PREDICTIONS FOR CALIFORNIA HOME PRICES

California home prices should continue to rise in the next two years, extending the state’s housing gains to a six-year winning streak, according to a new forecast by Wells Fargo Bank. Bank economists see the CoreLogic median selling price for the state finishing 2015 up 6.5 percent vs. a year ago; then rising 5.8 percent next year and up 5.5 percent in 2017. This index rose 13.4 percent in 2012, 20.5 percent in 2013 and 7.6 percent last year. Click here to read more.                                        Continue reading

UNRAVELING THE NUMBERS: IS A SLOWDOWN IN NEW BUILDING PERMITS BAD NEWS FOR HOME BUYERS?

Uh-oh. Fewer new homes were authorized in September than August, the Commerce Department reported on Tuesday morning. The 5% dip in building permits means fewer housing units to ease the crunch in many cities and towns across the country, where prices rose at astounding rates over the spring and summer. And last month? It was a bit on the slow side, too. Still, the 1,103,000 permits issued were 4.7% more than a year ago, when 1,053,000 permits were authorized. Should those eager for a more fluid housing market hope or mope? Click here to read more.                                            Continue reading