Tag: market conditions

Three Big Myths About LA’s Real Estate Bubble

Three Big Myths About LA’s Real Estate Bubble

Article from Forbes Magazine As real estate investors, prospective homebuyers and brokers look back, 2017 could probably be called “The Year of Real Estate Records.” Dozens of major real estate markets saw rent and home prices continue to rise, sometimes even hitting all-time highs, while building on years of steady growth since the housing collapse […]

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Data Shows Prices in Los Angeles on the Rise

Data Shows Prices in Los Angeles on the Rise

Home prices have been climbing throughout 2015. On Tuesday, January 26, 2016, S&P Dow Jones Indices published the November report and the gains continue.  The second chart shows how the 20 cities have done since the S&P/Case-Shiller National Home Price Index bottomed in January 2012. Following is the S&P Case-Shiller data for Los Angeles from […]

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7 Reasons Why It’s a Good Time to Sell Your Home

7 Reasons Why It’s a Good Time to Sell Your Home

1) Shifting Unprecedented Demand A Seller’s market is defined as one in which there are fewer than 6 months of inventory on the market. Sellers have more pricing power since there is a higher demand for available properties. This number has changed from 4.5 mo in June to 5.3 mo in September. It is quickly […]

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Los Angeles Home Prices Continue to Rise

Los Angeles Home Prices Continue to Rise

Data released by S&P Case-Shiller indices indicate that in the Los Angeles area, prices are still on the rise. Increases for Los Angeles are 2.58% which is somewhat higher than the 20-city or 10-city national composite of 2.45% and 2.48%, respectively. Interestingly enough, there are two opposing pressures on the housing market: The rise in […]

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Mortgage rates ease after run-up

Mortgage rates ease after run-up

According to an article today (7/3/2013) in the Los Angeles Times: Fixed mortgage rates fell early this week following last week’s dramatic surge, with lenders offering 30-year home loans to solid borrowers at an average of 4.29%, according to Freddie Mac. The average rate had spiked to 4.46% a week earlier on fears that the […]

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DataQuick Shows Home Value Increases

DataQuick Shows Home Value Increases

According to data from DataQuick News for the Fourth Quarter of 2012, prices in the local areas are higher than in Q4 of 2011 by varying margins.  Reported o February 26, 2013   90004 [Click image for larger Map] Home values increased by 85.8% for the 49 properties sold in Q4 Median Value: $1,050,000   90019 […]

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Sustained Housing Recovery Projected

Sustained Housing Recovery Projected

Case Shiller through October 2012 have been released. The statistics from Case Shiller for October 2012, released 12-2012 Click to view larger image They show another up-tick in the price index for home sales across the nation, including higher than average increases for the California cities in the study (Los Angeles, San Francisco and San […]

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