Celebrities Purchase Homes around Bel Air

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, …

Home Prices Increasing in Los Angeles – Sherman Oaks

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, …

Hiring a Property Manager Benefits

If you’re considering hiring a property management company to manage your rentals there are many reasons that may outweigh the cost; Benefit #1: Less problem tenants.Experienced property management companies see hundreds to thousands of applications. Their trained eyes know what red flags to look out for when overlooking an applicant’s paperwork. Letting them screen tenants …

What does a Property Manager do?

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 …

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 …

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 …