Real estate blog entries tagged with ana connell by Ana Connell (Exit Family Realty)

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ana connell: G-7 Meets.....What's Next? - 10/11/08 01:07 AM

Group of Seven finance chiefs, vowed to do whatever was necessary to prevent the collapse of major banks.
The policy makers included representatives from the U.S., Japan, Germany, U.K., France, Canada and Italy.
The G-7 policy makers were under pressure to roll out new policies, but they came up short on … (3 comments)

ana connell: Economic Update - 10/09/08 06:39 PM

A couple of things are clear, many people have lost confidence in the financial system and this is not just a U.S. problem as the aftermath of this financial crisis is being felt around the world.
Federal Reserve Chairman Ben Bernanke brokered the broadest coordinated interest rate cut in … (2 comments)

ana connell: Burbank Real Estate Sales Statistics For September 2008 - 10/01/08 04:46 PM

Burbank Closed Sales for September 2008

Month to month average sale price from August to September 2008 is down $14,258, year over year, average sale prices are down by $127,253 or 19%.
Average days on market, year over year are up 23 days.
Average square footage is down … (0 comments)

ana connell: Economic Update! - 10/01/08 01:45 PM

Senate is set to vote tonight on an amended bailout bill, which includes temporarily raising the FDIC deposit insurance to $250k and continuing some tax breaks for corporations and individuals. Apparently some in the House are working on an amended bill as well. No House vote is scheduled yet.
… (0 comments)

ana connell: Economic Update! - 10/01/08 01:35 PM

Senate is set to vote tonight on an amended bailout bill, which includes raising the FDIC deposit insurance to $250k and continuing some tax breaks for corporations and individuals. Apparently some in the House are working on an amended bill as well. No House vote is scheduled yet.
The … (0 comments)

ana connell: A perspective on our current....well......financial mess! - 09/29/08 11:52 PM

The severity of the state of our credit markets, should be a wake up call for anyone who has not yet made the time to get educated on what’s been going on in our financial markets, today and over the last 20 years.

Understanding the speculation that led to … (6 comments)

ana connell: Market Recap - 09/26/08 01:03 AM

It was quite an eventful day as democrats and republicans tried to get a handle on what's going on with our financial system. Not sure there is a perfect solution, but what's clear is that no one wants to hand over a blank check without firm oversight. Dow was up … (6 comments)

ana connell: Economic Day In Review..... - 09/22/08 05:17 PM

It's clear that the optimism from last Friday has quickly given way to a no confidence vote for Treasury Secretary Paulson's plan.
Today's highlights:

The Dow was down by 372.75 points but the big story is gold rising by $40 and oil rising by $15 per barrel to close at … (5 comments)

ana connell: Are you ready for an earthquake? - 09/21/08 03:08 PM

Living in Southern California for over 35 years has made me somewhat complacent about earthquakes, but I know first hand how devastating they can be and at the very least I keep a good supply of bottled water in the house, just in case. But I know I need to do … (0 comments)

ana connell: Economic And Housing Round Up - 09/19/08 12:08 PM

To say that it’s been a crazy week is a gross understatement. Let’s recap some items:
U.S. takes over AIG with a $85 billion bailout. This agreement states that the government is providing AIG with a loan $85 billion over a two year period, offered at 11.5%. The government also gets … (0 comments)

ana connell: Is This The Bottom? - 09/17/08 06:25 PM

We had another eventful day in the financial markets today:

The Dow shed 449 points (4.1%) to close at 10610 amid fears the credit crisis will claim more victims Interest rates....The 2-year treasury bill closed at 1.64%, the 5-year treasury note 2.52%, and the 10-year treasury bond gained 14/32s to … (9 comments)

ana connell: Economic Round Up and Burbank Real Estate - 09/16/08 07:49 PM

The Federal Reserve left rates unchanged today, at 2% for the key benchmark, a surprise to some, but while they noted that the financial markets are under more strain with the credit crisis,they cited labor worries and inflation as their top concerns. Providing liquidity for the markets is high on … (1 comments)

ana connell: The Fallout Continues......Lehman Bros., Merrill Lynch, AIG - 09/15/08 11:46 AM

This year continues to be a dizzying spiral of institutional failures. As you can see below the fallout continues and it's not looking pretty.
Let's review what's going on:
Lehman Bros. (the holding company) files for Chapter 11 as no buyer emerged to save the company Merrill Lynch, in a surprise … (7 comments)

ana connell: City Of Burbank Housing Element Update - 09/11/08 11:30 PM

Every few years the State of California mandates that cities provide a policy document that outlines programs that both promote the development of affordable housing and reduce any constraints to the development of added housing. Individual cities that do not comply and complete this document risk losing funding for many future … (0 comments)

ana connell: August Closed Sales for Burbank - 09/10/08 07:31 PM

Month to month average sale price is up $30,186, year over year, average sale prices are down by $104,851 or 15.8%.
Average days on market, year over year are down 3 days.
Number of sales is up almost 10%.
These numbers are reflecting several factors……
• Year over year, … (0 comments)

ana connell: More on the seizure of Fannie Mae and Freddie Mac....... - 09/08/08 09:23 PM

Yesterday I wrote a post outlining some details of the Federal Housing Finance Agency's takeover of Fannie Mae and Freddie Mac.
Today I want to expand on that post and bring up some other discussion points.
First, let's be clear that the failure of these two entities represents the #1 and … (5 comments)

ana connell: What to make of the US Government's seizure of Fannie Mae and Freddie Mac - 09/08/08 02:48 AM

Sunday it was announced that the government, through the Federal Housing Finance Agency, was making the landmark, although not altogether unanticipated, decision to take over the Federal National Mortgage Association (FNMA-Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).
After suffering from the biggest number of mortgage defaults in … (3 comments)

ana connell: Burbank Real Estate Statistics - 08/25/08 11:37 AM

Month to month average sale price is down $45,281, year over year, average sale prices are down by $150,000 or 22.83%.
Average days on market, year over year are up 27 days.
Number of sales is up 16%.

These numbers are reflecting several factors……
Year over … (0 comments)

ana connell: Valley Village Home Sales For June 2008 - 08/03/08 02:15 AM

ana connell: Burbank Home Sale Activity For June 2008 - 08/03/08 02:05 AM

ana connell: Economic Round Up! - 08/03/08 01:56 AM

Of Note:
Consumer Confidence-came in at 51.9 Higher than last month, but still showing lots of pessimism and reduced spending plans. MBA Purchase Applications came in at 309.5 indicating continued weakness in the housing market. Jobless Claims , came in higher at 448k. GDP-final was revised up to 1% … (0 comments)

ana connell: Burbank Homeowners and Renters Assistance Program - 07/26/08 01:41 AM

Burbank homeowners and renters may be eligible for free state monies.
This valuable program is offered July 2 to August 28th for eligible Burbank seniors at the Joslyn Center, on Wednesdays from 9- 10am and Thursdays from 1-3pm, by appointment.
Free assistance will be given in order to receive these … (1 comments)

ana connell: Burbank Real Estate Stats for June 2008 - 07/24/08 12:50 AM

This information in taken from the SoCal MLS.
Housing starts in California in June rose 9.2%, but single family home construction declined 3.5% in the same period.

For more information, visit, Burbank Real Estate Report!
… (2 comments)

ana connell: The Economic Week In Review....... - 07/14/08 01:32 AM

The big news for the week came late on Friday.
After market close, it was announced, that IndyMac Bank, a leader in “Alt-A” loans, had been seized by the Office of Thrift Supervision, due to a run on deposits. This made IndyMac Bank the 2nd largest federally insured financial … (2 comments)

ana connell: The Economic Week In Review.... - 06/27/08 03:30 PM

Of note:
*FOMC left rates unchanged with the target funds rate at 2% and the discount rate at 2.25%

* Consumer Confidence-came in at 50.4 one of the lowest readings and some economists are surprised since, in their words, "the expansion of the economy is underway", meaning we … (0 comments)

ana connell: The Economic Week In Review - 05/23/08 10:41 AM

* Leading Indicators, inched up .1% trying to suggest that the economy will not officially dip into a recession.(Monday)
* Producer Price Index .2% increase seems tame following the 1.1% surge last month. (Tuesday)
* FOMC Meeting Minutes the Fed lowered it’s forecast for economic growth and indicated … (1 comments)

ana connell: Housing Market Update For April 2008 - 05/23/08 01:17 AM

Here is the report for April and as you can see sales can vary greatly by area.
One thing is clear, however, money is still tight and sales are down. Latest forecasts have the turnaround starting later this year and into 2009. The recovery does hinge on access to loans and … (0 comments)

ana connell: The Economic Week In Review - 05/18/08 05:58 PM

* Retail Sales - down .2%, less autos it was up .5% which was unexpected. Business Inventories- up .1% reflecting that fact that most businesses are trying to keep inventories low during the slow down. (Tuesday)
* Consumer Price Index - up .2% which was much better than expected, … (0 comments)

ana connell: The Economic Week In Review - 05/12/08 01:22 AM

* Pending Homes Index fell 1% in March and is looking to be coming in at 20% year over year declines. Again the real story is when you look at specific markets. For example the Northeast did better, up 12.5%, so these numbers are somewhat meaningless unless you are looking for … (0 comments)

ana connell: The Economic Week In Review - 05/02/08 06:31 PM

Consumer Confidence fell from 65.9 to 62.3, lowest level since early 90’s.(Tuesday) FOMC Announcement-Fed lowered interest rates by .25%, to 2%. ,NAPM Chicago Index came in at 48.3. The report also showed that increasing costs of raw … (0 comments)

ana connell: The Economic Week In Review - 04/18/08 04:23 PM

Retail Sales came in +.2%, better than the unchanged number they were expecting. Given that most of this increase came from sales at gas stations, I’m not really sure how you can put a positive spin on it. Business Inventories came in as expected at .6%. Many were hoping to … (0 comments)

ana connell: Making Sense Of The Housing Market! - 04/13/08 05:53 PM

There’s plenty of bad news out there and I think it’s important to sift through the slate of negativity in order to understand what’s really going on. If you are looking to buy or sell a home, is this the right time?
First let’s look at some of the recent facts:
… (4 comments)

ana connell: The Economic Week In Review - 04/11/08 05:27 PM

Consumer Credit-slowed substantially in February, $5.1B v.$10.3 in January. Pending Homes Index-outlook for the housing sector worsened as existing home sales fell 1.9% in February. Given the slowdown in the job market I would say this number will continue to look grim in areas where job losses are the … (2 comments)

ana connell: The Economic Week In Review - 04/04/08 04:21 PM

The Economic Week in Review:
NAPM Chicago Index showed a slight jump in orders, which was positive, but also showed a jump in prices, probably due to rising fuel prices. Motor Vehicle Sales were weak, lowest rate since 1996, Construction Spending was down but better than expected and ,ISM Manufacturing … (3 comments)

ana connell: The Economic Week In Review - 03/28/08 05:12 PM

The Economic Week in Review: Existing Home Sales rose 2.9% in February, housing supply is sitting at 9.6 months nationally.The Case Shiller Index came out with LA County down 16.5%.Consumer Confidence continued it’s downward spiral to lowest level since 2003New Home Sales were down 1.8% to a 13 year low.Durable Goods … (1 comments)

ana connell: Housing Stats For Burbank And Surrounding Areas! - 03/28/08 01:16 PM

Housing stats for February 2008 for Burbank, Studio City, Hollywood Hills, Glendale, Valley Village and surrounding areas!

Click here!

Categories
Blogroll (87) Buyer Information (7) City News (17) Economic Market Reports (47) Events (5) Go Green! (10) Government Issues! (19) Housing Information/Stats (12) Neighborhood Info (6) Off the Beaten … (0 comments)

ana connell: Congratulations Burbank! - 03/27/08 05:09 PM

City of Burbank was recently named one of the top 100 communities in the nation for young people. Burbank was the only city in Los Angeles County to receive this honor that was given out by America's Promise Alliance.
The Alliance has been conducting this contest for 3 years and it … (0 comments)

ana connell: Have you heard of the Tod Deed? - 03/22/08 02:02 PM

In California, there is a proposal on the books, called the revocable transfer on death deed, or Tod Deed, that would give homeowners a simple, one page method to hand down property. This bill was introduced by Assemblyman Chuck Devore (R-Irvine) back in 2004! It was quickly downgraded to a study … (4 comments)

ana connell: The Economic Week In Review - 03/21/08 12:53 PM

The Economic Week In Review is back!
We had a very interesting week to say the least!

Today the markets are closed in observance of Good Friday.
Yesterday the market rose 262 points(2.2%) after a better than expected Philly Fed Manufacturing Index report. The financial stocks led the way, although I … (3 comments)

ana connell: Buying a home? Tips to make your life easier! - 03/20/08 06:42 PM

Some of the most important elements of buying a home is knowing how much home you can afford to buy. How much money you have to put as a down payment and how much money you can afford to pay on a monthly basis may not only determine the size of … (2 comments)

ana connell: The Economic Week Ahead... - 12/16/07 01:09 PM

Monday 17
Empire State Manufacturing Survey-Consensus 21.5 monthly survey of manufacturers in New York State.
Treasury Int’l Capital-measures foreign demand for our debt and assets by tracking flows of financial instruments into and out of the U.S.
Current Account
Housing Market Index-Produced by the National Association of Home Builders. … (0 comments)

ana connell: The Economic Week In Review... - 12/14/07 03:51 PM

We had some considerably volatile days this week……what it really boils down to is whether the Fed will be more concerned about the credit meltdown and the housing market versus inflationary pressures on the economy and the dollar’s weakness. Several analysts came out and predicted that we will … (0 comments)

ana connell: The Economic Week Ahead..... - 12/09/07 06:55 PM

Monday 10
Pending Home Sales Index
3 & 6 Month Bill Auction
4 Week Bill and 10 Year Note Announcement
Tuesday 11
FOMC Annoucement-Consensus ranges from 25 to 50 basis points
ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains and represents 10% of total retail … (2 comments)

ana connell: Burbank City Council Update - 12/09/07 06:53 PM

Items of note from the last Burbank City Council meeting: The council unanimously approved to hire American Homeland Solutions in order to review the Burbank Police Department’s organizational structure and make recommendations. The review is expected to take 6 months and is part of an ongoing review process that occurs every … (1 comments)

ana connell: The Economic Week In Review..... - 12/07/07 04:20 PM

After quiet days on Monday and Tuesday, the Dow soared ahead on Wednesday and Thursday, stalled on Friday. The overall weak trend in the data reported works in favor of a rate cut next week. It should be noted however that the stronger numbers in the payroll report could … (1 comments)

ana connell: The Economic Week Ahead.... - 12/02/07 11:53 AM

Monday 5
ISM Non Manufacturing Survey Consensus 54 This survey consists of almost 400 firms across 60 different sectors. Analysts like to keep an eye on the business activity index of this survey as it gives an indication of economic health.
3 & 6 Month Bill Auction
Tuesday 4
ICSC-USB … (1 comments)

ana connell: The Economic Week In Review..... - 11/30/07 03:33 PM

This week saw volatile trading sessions, again, with the Dow down 237 points on Monday, up 217 points on Tuesday, up 332 points on Wednesday, up 20 points on Thursday and up 60 on Friday. Concerns over credit woes continued as well as rumors of Citigroup layoffs.
Items … (0 comments)

ana connell: The Economic Week Ahead..... - 11/25/07 05:19 PM

Monday 26
3 & 6 Month Bill Auction
2 & 5 Year Note Announcement
Tuesday 27
ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales. Is considered to be one of the most timely indicators of consumer spending.
Redbook a timely indicator … (0 comments)

ana connell: Thanksgiving and Turkey Pardons! - 11/22/07 12:19 AM

Ever wonder about turkey pardons? Well, I did and thought I would do some research on the subject.
Some think the tradition started with Abraham Lincoln pardoning his son’s pet turkey, others believe it started much later with Harry S. Truman. Although both of these versions have been referenced in many … (3 comments)

ana connell: The Economic Day In Review - 11/21/07 11:39 PM

Very volatile day again!
Some of the volatility has been blamed on Japanese currency traders who were said to be “unwinding” some positions.
Rumors continued about Countrywide possibly having to go into bankruptcy, Countrywide did come out and deny these rumors late yesterday.
Jobless Claims came in as expected but … (0 comments)

ana connell: Burbank City Council Update - 11/19/07 05:36 PM

Items of note from the last Burbank City Council meeting:
Quiet zone was established on the Metrolink Ventura Subdivision at Buena Vista Street and Vanowen crossing. Vote was unanimous.The new California building and fire codes were unanimously adopted. Because of past complaints this ordinance will change the Burbank Municipal Code … (0 comments)

ana connell: The Economic Day In Review..... - 11/19/07 04:02 PM

Well, we had quite a volatile day as the Dow closed below the psychological 13,000 mark. Dow was down 218 points and closed at 12958. Items of note:
Goldman Sachs downgraded Citigroup to a sell. Lowe’s lost 7.6% today on weak earnings.The National Association of Home Builders/Wells Fargo Index came in … (1 comments)

ana connell: Burbank, Toluca Lake And Surrounding Area Home Sales! - 11/18/07 08:07 PM

This chart includes housing data for each respective zip code listed for the October 2007 period and percent change from October 2006 levels.
As you can see from the table below, housing prices for the month have varied by area, but it’s interesting to note that the higher end of the … (1 comments)

ana connell: The Economic Week Ahead..... - 11/18/07 04:57 PM

Monday 19
Housing Market Index-Produced by the National Association of Home Builders. This is a survey which is filled out by the members of this organization and it gives their opinion of the general state of the housing market and the economy.
3 Month & 6 Month Bill Auction
Tuesday … (0 comments)

ana connell: The Economic Week In Review...... - 11/16/07 05:17 PM

This week saw volatile trading sessions , concerns over rising fuel costs and the now usual credit rumors.
Items of note:
Pending Home Sales for September increased 0.2 percent higher to 85.7. But a look at the year over year data – down 20.4 percent — tells a more meaningful story. … (0 comments)

ana connell: The Economic Week Ahead..... - 11/11/07 01:35 AM

Monday 12
US Holiday…..Veteran’s Day!
Pending Home Sales Index
Tuesday 13 ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales. Is considered to be one of the most timely indicators of consumer spending.
Redbook a timely indicator of consumer … (0 comments)

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