A lot of people wonder what a Property Manager does? Well to sum it up, Property Management companies alleviate all the day-to-day management responsibilities for landlords & investors. It begins with leasing. Leasing a vacate property is the first step. Advertising, showing the space, then qualifying and reviewing potential renters applications. After that executing a …
Sale of Homes Down in July
According to the LA Times; Continuing Decline: Higher mortgage interest rates along with rising home prices are said to be the main culprits for a decline in home sales for the month of July. According to The National Association of Realtors, sales are down 1.3%, which continues a downward trend from the previous month. This …
Los Angeles Home Sales Increase for the Month of August
Home sales across the country increased from July’s figures. Home sales saw a climb of 7.9% with 421,000 closed deals indicating a 12.6% jump from 2012’s August sales figures. Analysts originally estimated that 425,000 would sell this month, but the final figures fall just short of this projection. The recession caused a massive decrease in …
Continue reading “Los Angeles Home Sales Increase for the Month of August”
Shutdown Affecting Loan Distribution and Housing Market
Freddie Mac is reporting a dip in mortgage rates, now at 4.22% from the previous 4.32% figure, making this the lowest value since June 2013. However, a lower rate means little if loan applications cannot be filed because of the nationwide government shutdown. The government shutdown affects loan issuance since confirming the identities and checking …
Continue reading “Shutdown Affecting Loan Distribution and Housing Market”
New One Source Real Estate and Property Management Website Launch
Today, One Source Real Estate & Property Management is pleased to announce the launch of their new website. The site has been redesigned with a fresh new look with quick and easy to use search functions and updated news and information impacting real estate market. To get more information go to www.one-sourcerealestate.com.
Property Value Chart
Generalizations of positive or negative news that you hear in the media should not distract you from actual housing prices in your market. There are different pockets of increased or decreased home values all throughout the country. Take Los Angeles for example. Housing prices are up in Bel Air & Beverly Hills, but there was …
New Tax coming January 1st 2013
If are considering selling a property now versus next year. The following news regarding a new tax may help you decide (and make sure you consult your CPA!); For tax years starting on or afterJanuary 1, 2013, the 2010 Health Care Bills impose a new 3.8% Medicare Tax on net investment income in excess of …
Latest in Housing News
The housing markets are looking quite positive, despite the negative overall economic confidence. Commercial properties, especially industrial and warehouse space, are on the rise because of increased imports and exports. Also, with the increasing demand for renting, rent prices are crawling upwards as vacancies are going downhill. You can see the forecasted statistics from www.propertywire.com: Vacancy …
Max Azria’s house in Bel Air (Holmby Hills) for sale
Holmby Hills home of designer Max Azria, who founded the BCBG Max Azria Group, reports the Wall Street Journal. Azria listed his estate about a year ago for $85 million, but withdrew it from the market after eight months. Now he’s putting it back on the market, but this time, listed with a different brokerage for …
Continue reading “Max Azria’s house in Bel Air (Holmby Hills) for sale”
Real estate pros see recession by 2017, survey shows
The real estate sector is getting a little more pessimistic about the economy and a majority of professionals in the industry now see a recession ahead in the next 18 months.