| |
real estate: REAL ESTATE MARKETS ARE LOCAL, SOME LA AREAS SEE DOUBLE DIGIT GAINS - 10/03/08 02:57 PM
Nationally, the real estate market has been declining in most major cities. But what the general public and media fail to see is that real estate markets are local. Each city and areas within cities have different industries that fuel their local economies. As a result, appreciation rates vary tremendously across the country and in different zip codes and towns. The Los Angeles area has a well diversified economy with one industry that is unique and indigenious to the city; the Entertainment Industry. The Entertainment Industry offers executives, celebrities, and creative professionals high salaries that help increase median prices in the … (0 comments)
|
real estate: REAL ESTATE MARKET OUTLOOK - 09/25/08 04:32 PM
National Association of Realtors (NAR) President Dick Gaylord sits down with NAR Chief Economist Lawrence Yun to discuss what is happening in the market and what REALTORS® can expect in the coming months. Click the video feed to see their thoughts on the future of the Real Estate Market in 2009.
http://services.brightcove.com/services/viewer/federated_f8/1465406675
For more information please visit www.MarkSellsLA.com Written by Mark Gonzales Copyright 2008 Mark Gonzales, Realtor, real estate agent specializing in marketing and selling residential homes, condos, and commercial real estate sales in Los Angeles, San Fernando Valley, Woodland Hills, Sherman Oaks, Studio City, Encino, Tarzana, Calabasas. Please visit www.MarkSellsLA.com … (1 comments)
|
real estate: 2008 SUCCESS!!! MARK'S SUCCESS TRACKER - 09/18/08 01:52 PM
Thanks to all my clients for making 2008 a success so far! I've sold 16 homes and over $6.5 million in residential real estate this year!!
THANK YOU!!!
… (0 comments)
|
real estate: IT'S STILL HAPPENING....MULTIPLE OFFERS - 09/18/08 01:39 PM
Here's an article written by Mary Funk, President of the Southland Regional Association of Realtors and David Walker. The recent improvements and change in lending guidelines have caused a surge in buying activity. Almost all properties I have sold have had multiple offers, this could be a signal of the bottom and we should start seeing values stabilize within the 2009 year. Check the info for yourself:
Multiple Offers Reappearing
BY MARY FUNK, PRESIDENT, AND DAVID WALKER, SRAR
While many prospective home buyers are still waiting in hopes of catching the bottom, others are jumping into the residential real estate market … (0 comments)
|
real estate: THE NUMBERS ARE IN!! SALES INCREASE 16% FOR THE MONTH OF JULY - 09/18/08 01:37 PM
The San Fernando Valley real estate market is reacting favorably to historically low interest rates and affordable pricing as existing single-family home sales have increased 16.2 percent in July from a year ago.
Mary Funk, President of the Southland Regional Association of Realtors states, "The numbers indicate that the market is at the bottom with sales on the upswing. Demand is increasing because people realize that what they could not afford before they probably can afford now. Come next year, people who are waiting will find that they will be paying more."
In fact the median price of a single-family home … (0 comments)
|
real estate: IS THIS REALLY THE WORST MARKET IN YEARS??? - 09/18/08 01:35 PM
Here's a quote I took from an article from the Southland Regional Association of Realtors, September 2008 Realtor Report:
"There were 6,950 active listings throughout the San Fernando Valley at the end of July, down 3.4 percent from a year ago. Of that total, single-family homes accounted for 75 percent of the active listings.
At the current pace of sales, the active inventory represents a 7.5-month supply - slightly higher than the 5- to 6-month supply deemed to represent a balanced market.
By comparison, the inventory during the recession of the 1990s hit a record high of 14,976 in July 1992 … (0 comments)
|
real estate: Housing and Economic Recovery Act of 2008 - 08/28/08 02:53 PM
What does it mean???
Taken from http://en.wikipedia.org/wiki/Housing_and_Economic_Recovery_Act_of_2008
The Housing and Economic Recovery Act of 2008 (Pub.L. 110-289, H.R. 3221) designed primarily to address the Subprime mortgage crisis, was passed by the United States Congress on July 24, 2008 and signed by President George W. Bush on July 30, 2008. It authorizes the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders write-down principal loan balances to 90 percent of current appraisal value. It's intended to restore confidence in Fannie Mae and Freddie Mac by strengthening regulations and injecting capital into the … (1 comments)
|
real estate: JUST A QUICK REAL ESTATE THOUGHT - 08/28/08 02:49 PM
Being at the forefront of current Los Angeles real estate market as a Realtor who entered the industry in 2005 (at 22 years old) I can truly say that this is my best year yet. There are many buyers who have been waiting on the sidelines to fulfill the need and dream to own their own home. They are looking to live and own a home for the sake of owning long term regardless of where the market will be 2-3 years. They have great credit, choose fixed financing and are able to afford these homes with their real, tax-documented income. … (0 comments)
|
real estate: FORECLOSURES, GREAT DEALS WITH HIGHER RISK PT III - 08/28/08 02:46 PM
Banks always have the buyer's sign seller addendums. To protect the Bank/Seller, they always have the Buyer's sign addendums in addition to a standard purchase agreement. Mind you, the addendums are drafted in such a way to protect the interest of the Bank and not the Buyer, so you must thoroughly read the contract and make sure that you understand the terms and conditions. Each time I sell a foreclosed property I spend at least a couple hours reading these addendums so that I can explain the terms to my Buyer clients and answer any questions that they may have. It … (0 comments)
|
real estate: FORECLOSURES, GREAT DEALS WITH HIGHER RISK PT. II - 08/28/08 02:45 PM
To continue my rant on this hot topic on foreclosures where's part II explaining why buying foreclosures have higher risk:2. Foreclosures are sold AS-IS. I tell all my clients that when you buy a foreclosed property you are purchasing it AS-IS, which means the bank who owns the property will not agree to complete repairs or provide any credits in advance. So the tactic of buying a foreclosure and then asking for a HUGE repair credit won't work. However, the buyer sill has a right to ask, after all the worst thing that could happen is that they say NO! I … (0 comments)
|
real estate: FORECLOSURES, GREAT DEALS WITH HIGHER RISK - 08/28/08 02:43 PM
To the 1st time homebuyer or novice real estate investor, the word FORECLOSURE or REO means a good deal. While in most cases this is true, many buyers are surprised to learn that buying Foreclosures are riskier than purchasing a home owned by a traditional home seller who is not in distress. So you may ask what makes purchasing a foreclosure so risky? Having recently represented several buyers in the last 60 days, I've learned the pitfalls and risks associated with purchasing these GOOD DEALSHere's what I've learned:1. A hot foreclosure deal usually gets many buyers to compete for the same … (0 comments)
|
real estate: Positive Attitude- A necessary ingredient for success - 11/17/07 07:57 PM
So just want to share some positive thoughts to help uplift and inspire those who believe in positive thinking....
So yesterday I start my day excited and enthused because I have to send an offer on behalf of one of three buyer clients I picked up 2 Fridays ago. They are WELL QUALIFIED and are extremely motivated to purchase a home which is rare in this slumping real estate market. However, they are so smart to buy because there are amazing deals out there. So as I'm completing their offering package I get called out of my office during the company meeting that … (3 comments)
|
|
|
|
|
|
Mark Gonzales
Sherman Oaks,
CA
More about me…
Rodeo Realty
Office Phone: (818) 986-7300
Cell Phone: (818) 414-1914
Email Me
 Links
Archives
|
;)
;)
