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Here's what's happening in the real estate world. The National Commission on Fiscal Responsibility and Reform released its recommendation last week, including the proposed limitation to the mortgage interest deduction ("MID") for homeowners. This may not affect you, those of you who own one home...
02/07/2011
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The Wall Street Journal is reporting that “affordability” was the top reason for home buying in 2010. That makes sense, especially in these crazy market conditions. Buyers, as always, are looking for a bargain but, more than ever, they’ve been enticed by low home prices and low interest rates. Th...
01/31/2011
Existing home sales continue to be the beacon of hope in this housing recovery. Sales of existing homes jumped in December, marking the fifth month of gains in the past six months, based on an industry report released Thursday. Previously-owned home sales climbed 12.3% in December to an annual ra...
01/24/2011
$600,000 is the new $1 million when it comes to home-buying. Million-dollar homes are the most affordable they’ve been in YEARS. This is fascinating news. Buyers are like kids in a candy store. And things aren’t too shabby for sellers either. Even though home sales are down nearly 30% from this t...
01/17/2011
Economist Mark Zandi is among the many leaders who believe that the trend of renting over buying is about to reverse. Many people opted out of buying during the real estate decline in Los Angeles but the tide is about to change. This is a great sign since a healthy housing market features renting...
01/13/2011
Property markets across the country are relying on an economic recovery to make their Christmas wishes come true. The past year was a tough one. But home prices stabilized in the first half of 2010 as the government offered tax credits to spur sales. That stimulus has come and gone. This year, si...
01/04/2011
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The luxury housing market in Los Angeles still has plenty of zest.  The highest-priced sale in the nation took place in Bel-Air this year.  A 48,000-square-foot Versailles-style estate sold for $50 million. Another record was set in the Hollywood Hills when actor Sacha Baron Cohen paid $18.9 mill...
12/16/2010
The new holiday fad this year is both thrifty and smart.  Parents are now fashioning bows around down payments.  Apartment hunting can be rough for young adults in their twenties and when you consider that the cost of a monthly house payment is equal to rent, it just doesn’t make sense to continu...
12/06/2010
There are a large number of homes that are poised to be added to the already massive supply of homes on the market.  CNN Money has dubbed these homes the “shadow inventory” because they represent the homes that were reposed by lenders within the past year.  After the slow repossession process, ba...
12/01/2010
It is a great time to buy for many would-be homeowners. The market offers historically low interest rates, as well as affordable home prices- prices that are down more than 10% nationwide since last year.  Freddie Mac just announced that the 30-Year and 15-Year Fixed-Rate Mortgages haven fallen t...
11/22/2010
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Adrienne Kessler

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