By Tom Petruno The Los Angeles Times With investors less eager to buy government bonds, concerns grow that costlier mortgages could kill recent momentum in home sales. Investors continue to have little appetite for Treasury bonds, and that’s a problem for home buyers and people hoping to refinance their mortgages. Home loan rates have jumped [...]
Filed under: Economic Recovery, Housing Market Trends, Lending Info, Mortgage News, Mortgage Rates, National Real Estate News on December 28th, 2009 | Comments Off
Compared to last year at this time… One cannot help but notice that, despite the looming dark clouds on the horizon of foreclosures and unemployment, the momentum has definitely shifted from the financial meltdown that occurred in November of ’08. Is the market making a come back? Have prices bottomed? It all depends. It depends [...]
Filed under: Home Prices, Housing Market Trends, Local LA Real Estate News, Market Update, Micro Market Analysis on December 21st, 2009 | Comments Off
By Joan Sather The Palisadian-Post As a veteran real estate agent here in Pacific Palisades, I would like to offer some tips to home buyers and home sellers, gleaned from representing both sides of the aisle. Buyers and the Three-Legged Stool Yes! The market statistics say it’s a good time to buy. But perhaps the [...]
Filed under: Economic Recovery, Home Buying, Home Sellers, Home Selling, Problem Solving on December 14th, 2009 | Comments Off
By Anthony Marguleas The Palisadian-Post The current financial crisis has had a tremendous effect on all aspects of people’s lives, and none more profound than buying and selling a home. In the past two years, I have seen a significant change in the way people react to the realities of buying and selling and to [...]
Filed under: Consumer Protection, Economic Recovery, Home Buying on December 14th, 2009 | Comments Off
By Michael Edlen The Palisadian-Post As of November 30, there were 120 single-family Pacific Palisades residences listed in the Multiple Listing Service, which is 18 percent lower than a month ago. So far this year, 161 Palisades homes have sold, and there are currently 39 homes in escrow. The current level of inventory is also [...]
Filed under: Home Prices, Housing Market Trends, Local LA Real Estate News, Market Update on December 14th, 2009 | Comments Off
By Marco Rufo The Palisadian-Post In November, 13 homes, 4 condominiums and 14 leases closed in Pacific Palisades – and we still have 18 homes, 4 condominiums, 1 land and 3 leases pending! That’s great news regarding buyer confidence. A year ago in November, we had 11 homes, 5 condominiums, 1 land and 8 leases [...]
Filed under: Economic Recovery, Home Buying, Home Prices, Housing Market Trends, Local LA Real Estate News, Market Update, Mortgage News, Mortgage Rates on December 11th, 2009 | Comments Off
By Michael Edlen The Palisadian-Post Heading into 2010 and putting 2009 behind us, here are the nine arguments for investing in real estate in Pacific Palisades and on the Los Angeles Westside. Prices are down. Most types of real estate are selling at substantially lower levels than they have in the past several years. In [...]
Filed under: Home Buying, Income Properties on December 11th, 2009 | Comments Off
Even if policy supports are ended, home affordability and shrinking inventory point to a sector on the mend. But don’t expect recent price increases to continue apace By James Cooper Business Week Click here to watch a video on the outlook of the housing market according to Business Week Magazine. The broad improvement in the [...]
Filed under: Economic Recovery, First-Time Homebuyer Tax Credit, Foreclosures and Short Sales, Home Buying, Home Prices, Housing Market Trends, Market Update, National Real Estate News on December 11th, 2009 | Comments Off
Some brokers are willing to lower their fees or help their clients save in other ways. But you have to ask. By Mark Yemma The Los Angeles Times David Herron doesn’t consider himself a particularly hard-nosed negotiator. After all, Herron works as a technical service specialist for the Fantasmic show at Disneyland, and that happiest-place-on-Earth [...]
Filed under: First-Time Homebuyers, Home Buying, Problem Solving on December 11th, 2009 | Comments Off
Residential real estate market shows signs of gaining momentum, while manufacturing appears to lose steam By Dina ElBoghdady The Los Angeles Times The uneven nature of the economic recovery was on display again Tuesday with the release of mixed data on pending home sales, manufacturing and construction spending. The residential real estate market showed signs [...]
Filed under: Economic Recovery, First-Time Homebuyer Tax Credit, First-Time Homebuyers, Home Buying, Housing Market Trends, Market Update, National Real Estate News on December 2nd, 2009 | Comments Off
