Foreclosures in Southern California hit their highest level in two years in January, according to new data out Thursday. But market-watchers say it’s more a matter of lenders clearing their books than a new wave of bad loans. The number of homes repossessed by banks in Los Angeles County nearly tripled from December to the …

Continue reading “Foreclosures surge in Southern California, but for how long?”

SELLER: David HasselhoffLOCATION: Calabasas, CAPRICE: $2,299,000SIZE: 5,767 square feet, 5 bedrooms, 6 bathrooms We first heard earlier this week from the fine fellow at the San Fernando Valley Blog that former “Baywatch” hunk turned German pop star and international televised talent show regular David Hasselhoff has hoisted his mini-mansion in Calabasas, CA, on the market with an asking price of $2,299,000. …

Continue reading “David Hasselhoff Puts Calabasas Mini-Mansion Up For Sale”

The plan to raze the charming, old-timey Sportsmen’s Lodge event center in Studio City and build the $60-million, upscale Sportsmen’s Landing shopping center (restaurants, retail, and Equinox gym) was approved by the South Valley Area Planning Commission, says the LA Business Journal. The decision has many locals miffed (there were nine appeals), and is also …

Continue reading “Huge, Fancy Sportsmen’s Lodge Redevelopment Approved”

It has been seven straight months that pending home sales have increased in California. Home sales expected to remain strong in upcoming quarter. In a separate report, California REALTORS® responding to C.A.R.’s June Market Pulse Survey saw a reduction in floor calls, listing appointments, and open house traffic, compared with May. The Market Pulse Survey is …

Continue reading “June Real Estate Statistics”

California home sales cool in August as price gains temper…. – Existing, single-family home sales totaled 431,800 in August on a seasonally adjusted annualized rate, down 3.8 percent from July but up 9.3 percent from August 2014. – Statewide sales were above the 400,000 mark for the fifth straight month. – August statewide median home price was $493,420, …

Continue reading “California home sales cool in August as price gains temper,”

Time is precious like gold, as most would say, but not really exactly true; for a wise man once said that an inch of gold one’s lost may be replaced, but an inch of time once lost is irreplaceable.  That is why one should always be mindful of his time, be it in any aspects …

Continue reading “3 Practical Points for Efficient Property Management”

Eager homebuyers were faced with low inventory, lending restraints, and reduced affordability for month of February. The month saw 14,027 units sold including resales houses and condominiums in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties. This indicates a 3.1 percent drop in sales from January, a month that saw 14,471 units …

Continue reading “Homes Sales in Southern California Drop to Lowest Numbers Since 2008”

The median home sale price for Southern California homes reached the highest median level in six years. This year’s February figures had the medium sale price of a home at $383,000, with March’s figures improving to $400,000. This marks the highest level since February 2008. This is a 15.8 percent increase. This median sale price …

Continue reading “Southern California Median Home Price Reaches $400,000 for March 2014”

People that have the opportunity to purchase a home now should possibly consider it according to the following example: You are 30 and in the market for homes that are under the $300,000 range. Let’s say you have settled on a condo that is worth $250,000 today. Today’s rate of 4.41 percent (which historically is …

Continue reading “Reason to buy Real Estate now versus waiting in Los Angeles”