inventory: Top Ten Turnaround Cities - Real Estate Recovery - 12/03/13 04:35 AM
Top Ten Turnaround Cities - Real Estate Recovery   Great news for my fellow Los Angeleans....Los Angeles made the list for the Top 10 Turnaround Towns in the housing recovery!! Our median price is UP 30% from this time last year! And our days on market have been reduced by 27%!! Although we cannot sustain this kind of growth, it's nice to see such positive reports, and let's hope that we slow down to a sustainable recovery rate in 2014!! With interest rates rising and the elusive QM taking effect in January, I think those factors will help to give our … (0 comments)

inventory: This Month In Real Estate - November 2013 - 11/19/13 06:38 AM
This Month In Real Estate - November 2013
 Check out the latest Real Estate news for November 2013 and watch the video HERE.
 

This Month In Real Estate - November 2013
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inventory: It's An Investors World - 02/04/13 06:35 AM
It's An Investors World
More and more often these days we're seeing investors purchase properties with a quickness.  Inventory is low and demand is getting competitive, especially for the personal home buyer.  I've had several clients get beat out on a reasonable or generous offer by cash investors.  I also represent a few investors as well who are making non-contingent offers with quick cash closings making it nearly impossible for the end-user family to compete!  Even the investors are having to pull out all the stops to compete with each other.
It's An Investors World
Hedge funds are big in the … (3 comments)

inventory: Advantage to House Hunting During The Holidays - 12/08/12 08:37 AM
Advantage to House Hunting During The Holidays
As Realtors, we all know that the market slows down significantly during the holidays.  Buyers and Sellers are more concerned with kids home from school, turkey dinners and gift giving.
Patience is a virtue.  Buyers that remain steadfast thru the low inventory and competition of investors, can find a diamond in the rough that they otherwise may have missed while jingling all the way to spring.
According to DataQuick, homes sales have increased from October to November only FOUR times in the last 24 years. In other years inbetween, transactions have decreased anywhere from … (4 comments)

inventory: California Housing Market Corrected By 2017? - 10/09/12 08:06 AM
California Housing Market Corrected By 2017?The lead economist of a statewide Realtors group seems to think so.  Sales as well as prices are increasing, however low inventory and defaulting loans are pumping the brakes on the recovery process.  It's getting there, but we have a ways to go.California Housing Market Corrected By 2017?California currently has 3.2 months worth of inventory, we saw 16 months worth just four years ago.  So for now, first time home buyers are in competition with investors on lower-priced properties while multiple offers and bidding wars wage on the higher priced homes.Have you had similar experiences?  Do … (1 comments)