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”
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”
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.
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 …
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 …
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 …
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”
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.
Rates are indeed starting to climb, now that the economy is accelerating and inflation is ticking up. Since last summer, the yield on 10-year Treasury securities jumped by more than a full percentage point, from 1.37% in July to more than 2.4% today.
A developer has plans to build a new 300-plus unit apartment complex with commercial space on Ventura Boulevard in Sherman Oaks.