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real estate: LA County Home Sales Statistics - 02/22/10 02:53 PM
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real estate: Credit Markets Stabilize-Positive Signs for Recovery in Housing Market - 05/07/09 12:52 PM
On Tuesday, Federal Reserve Chairman Ben Bernanke said the economy appeared to be stabilizing, but warned that a real recovery is still months away."We continue to expect economic activity to bottom out, then to turn up later this year," Bernanke told the congressional Joint Economic Committee, according to a prepared statement.Bernanke cited improved sales of existing homes as evidence that things are improving. He said sales have been "fairly stable" since late last year, in part because moderating prices have made homes more affordable.Credit markets have stabilized in recent weeks allowing more homeowners to refinance their mortgage and stay in their … (1 comments)
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real estate: Credit Markets Stabilize-Positive Signs for Recovery in Housing Market - 05/07/09 12:50 PM
On Tuesday, Federal Reserve Chairman Ben Bernanke said the economy appeared to be stabilizing, but warned that a real recovery is still months away."We continue to expect economic activity to bottom out, then to turn up later this year," Bernanke told the congressional Joint Economic Committee, according to a prepared statement.Bernanke cited improved sales of existing homes as evidence that things are improving. He said sales have been "fairly stable" since late last year, in part because moderating prices have made homes more affordable.Credit markets have stabilized in recent weeks allowing more homeowners to refinance their mortgage and stay in their … (0 comments)
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real estate: 2009 Real Estate Forecast: - 12/31/08 02:30 PM
2008 was the year that subprime borrowers and speculators got hurt by the real estate crisis. 2009 could be when everyone else gets hit. Here's why.
Going into 2009, with the deepening recession and mounting job losses, serious housing troubles could infect wealthier communities and markets that were just beginning to stabilize this summer before the bankruptcy of Lehman Brothers on September 15 sparked the most serious financial turmoil in decades. Housing prices are expected to fall 12.5% nationwide next year. On December 23, Credit Suisse forecast that more than 8 million homes will go into foreclosure over the next four … (0 comments)
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real estate: Existing Home Sales: Sales and Inventories Drop, Prices Tumble, while Sales in Western Region Climbed in November - 12/29/08 06:30 PM
Stats: The credit crunch has stiffled sales in November. Existing Home Sales tumbled by 8.6% from October to 4.49 million and decline by 10.6% over the past year. Single family home sales dropped by 8% to 4.02 million which is 8.8% below year ago level. Condo/co-op sales plunged by 13% to 470k, which is 23.1% below their year ago level. It is estimated that distressed sales (either foreclosure or short sales) accounted for about 35% to 40% of the sale. Foreclosure is a legal process in which mortgaged property is sold to pay the loan of the defaulting borrower. A Short … (0 comments)
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real estate: Happy Boxing Day!! - 12/26/08 07:23 PM
Bonjour everyone!!! Hope you all had a wonderful Christmas with friends, family and loved ones. It was a really cold and stormy day in Marina Del Rey, but my house felt warm and cozy as enjoyed some good food and the Lakers-Celtics game. The Lakers put a stop to the Celtics' 19-game winning streak 92-83, thanks to Kobe 27 points and Pau tossing in 7 of his 20 points in the final three minutes. It was relief after their embarrassing 131-92 loss in Game 6 of the finals last June. Lakers are stepping up and getting the job done. The Lakers attitude reminds of me of one … (0 comments)
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real estate: Interest Rates Fall Further, Mortgage Activity Soars (For week ended Dec 19th) - 12/26/08 07:05 PM
According to Mortgage Bankers Association (MBA) Mortgage Application Index, mortgage applications soared by 48% weeek-over-week on December 19th to 1,245.4 before Fed's surprise 75bps rate cute. It is a 106.3% increase compared to one year ago, which is also more than three times the amount of applications seen just 7 weeks ago, when it was at its lowest level since December 2000.
The Purchase index jumped by 10.6% to 316.5 compared to previous week but is still 19.8% below the previous year's level. The Fed's 75bps rate cut brings the 30 year fixed rate to 5.04% from 6.10% and the 15 year fixed rate to … (0 comments)
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real estate: Last week in the financial markets....more reality, more pain...some help? - 12/22/08 03:01 AM
Just when you thought things couldn't get worse for the Financial Markets, we learned last week about the largest fraud ever committed on Wall Street. On December 11, 2008, FBI agents arrested Bernard Madoff on a tip-off from his sons, Mark and Andrew (he must be thinking about how ungrateful his two sons are;-)). The feds charged him with one count of securities fraud. The day prior he had told his senior executives at his firm that the management and advisory segment of the business was "basically, a giant Ponzi scheme." Madoff, who once served as the non-executive chairman of the Nasdaq stock market, allegedly … (1 comments)
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real estate: Pacific Palisades - "Where the Mountains Meet the Sea" - 10/24/07 08:11 PM
Pacific Palisades is a quaint seaside community situated between Brentwood to the east, Malibu to the west and Santa Monica to the southeast. The town is currently home to around 30,000 residents. It is an extremely prestigious and affluent community, home to many Movie Stars and high level business execs. In the "Village", as the locals refer to the small commercial district on and around Sunset Boulevard and Swarthmore Avenue, there are many fantastic restaurants, stores, banks, and offices. The city is built for outdoor enthusiasts, with picture perfect weather almost every day of the year and a few great parks and many hiking trails. The town has been dubbed … (4 comments)
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Joshua Barré Broker/Owner Westside Properties
Pacific Palisades,
CA
More about me…
Westside Properties
Address: 881 Alma Real Drive Suite T25, Pacific Palisades, CA, 90272
Office Phone: (310) 459-8191
Cell Phone: (310) 923-1157
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