Somewhat surprisingly, sales of homes ranging from $1 million asking price or more, rose 45 percent for 2013 – the highest increase in six years for sales figures. Southern California has traditionally been a haven for luxury homebuyers. In 2013, approximately 10,602 buyers gathered funds to purchase luxury homes. Areas that typically witness luxury home …

Continue reading “Luxury housing market recovers in 2013”

Young-adults in their 20s and 30s are now turning to close friends and family for help in purchasing a new home. Often times, young people have many financial burdens that stand in the way of owning that first home. Significant student loans, a recession that is providing new difficulties in obtaining financially fulfilling jobs, and …

Continue reading “New strategies for young-adult home buyers”

Converting a multi-family apartment building into condominiums can potentially bring in additional annual income for property owners. If a real estate market is strong, renters could look to work towards paying off a mortgage on a property they would like to own. This way, interest can be written off and they will not be wasting …

Continue reading “The Concept of Converting Apartments to Condominiums”

Working in real estate can prove to be a great start to an investing career. By taking a position related to real estate, anyone may expose themselves to, as well as specialize in an area of real estate that can be beneficial when making investment decisions. Real estate offers many different career paths: real estate …

Continue reading “How to Start Investing in Real Estate”

Freddie Mac reported stabilized mortgages rates at the start of April. The 30-year fixed loan rates emerged at 4.41 percent — a slight rise from 4.4 percent from the previous week. This is in contrast to 15-year fixed loan rates, which climbed from 3.42 percent to 3.47 percent. These changes reflect the current climate of …

Continue reading “Freddie Mac Reports a Leveling-Off of Mortgage Rates”

Generally a recession or depression (depending on whom you ask), is a negative aspect of the economic cycle. With the series of events that have accumulated over time, the general consensus is that the current economic climate is in recovery mode, with no end in sight for the near future. Jobs must be created to lower the unemployment #’s. …

Continue reading “News Surrounding Sherman Oaks areas & Potential Investments”

The start of the new year brings more protections to California homeowners, mainly those who are trying to save their properties from being repossessed. Making sense of the story The Homeowner Bill of Rights, signed by Gov. Jerry Brown in 2012, is a set of new laws that puts the onus on banks to help …

Continue reading “New homeowner protections go into effect January 1, 2013”

According to the L.A Times, Psy dances his way into Westwood The South Korean musician famous for his ‘Gangnam Style’ video buys a Blair House condo for $1.249 million. In the L.A. housing market, “gangnam style” appears to translate into “traditional condominium.” Psy, the South Korean musician and dancing phenomenon of “Gangnam Style” video fame, …

Continue reading “Celebrities Purchase Homes around Bel Air”

According to the L.A Times; Home prices are rising faster than incomes in Los Angeles, making it more prone to a new housing bubble than many other major cities, a real estate report indicates. Rising home prices and strong demand are making the market feel particularly bubbly in Washington, L.A., San Diego and San Francisco, …

Continue reading “Home Prices Increasing in Los Angeles – Sherman Oaks”

The best day of the week to list your house for sale is Thursday. This is more true during a sellers market, but if you list your house for sale on a Thursday, it will be available right away for weekend showings and by Saturday — the most important day of the real-estate week — your …

Continue reading “It’s Official- It’s a Seller’s Market in Los Angeles”