Los Angeles County, CA Real Estate News

By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Today, we have 2 HPI (Home Price Index) reports.  The first is Case Shiller HPI, which gauges the 20 largest US Markets.  It rose 1.2% MoM in November and dipped 0.2% to 18.3% YoY.  However, FHFA HPI rose 1.1% MoM in November and it's YoY rose 0.1% to 17.5%.  FHFA follows conforming loans.  Lastly, Consumer Confidence dipped from 115.2 in December to 113.8 in January.  The 5 year and 7 year Treasury Auction went well (video was just completed shortly after Auction results).  However, while creating the video, we hadn't seen much reaction.  The FOMC started their 1st day for their 2 day meeting, which we'll receive their announcement tomorrow.  All eyes and ears will be waiting for the announcement, as most investors are on edge; and Markets are highly...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The Markit PMI released both their Manufacturing and Services data for the month of January.  Anything above 50 is considered expansion.  Manufaturing dropped from 57.7 in December to 55.0 in January; and Services dropped from 57.6 in December to 50.9 in January.  We'll need to keep our eyes on this this (especially Services), as both industries dropped and may be trending in this direction.  Tomorrow will begin the FOMC, which will be the highlight in focus this week.  Also, later this will be the Fed's favorite gauge for inflation (PCE) will be released.  The Markets are preparing for the Fed's Announcement this coming Wednesday.  Stocks are dropping today, as they prepare, but also, taking some of it's queue from disappointing Q4 Corporate Earnings...
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By Alberto Pacheco, Experience and Trust
(Home Smart Evergreen Realty)
Hi, my name is Alberto Pacheco. I’m a realtor with Homesmart Evergreen Realty. And today, I’m going to talk about divorce and real estate. For a little while, I’ve been going to the courthouse to research divorce cases. Some of them have real estate assets, and some of them don’t. And it’s really sad when I see that some couples have children. And I went through that with my parents. They separated, but they never divorced. In my case, they didn’t have the real estate asset, like I see in so many other files. And I’ve been learning about the documents they go through, how long does it takes. Sometimes it’s quite long and they go back and forth to the courthouse.So the divorces, at least in California, one in the couple decided to divorce and file in the county where they belong to for t...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On January 10, 2022, Realtor.com reported that in North Hollywood, California median list price was $899,000 in December of 2021 unchanged from $899,000 in November of 2021, but increased 7.0% from $839,500 in December of 2020. While, median sales price for a home and a condo was $840,000 in December of 2021, rose 9.0% from December of 2020 in North Hollywood, California.Houses stayed 68.00 days in the market in December of 2021 higher from 51.00 days in November of 2021, but down from 69.00 days in December of 2020 in North Hollywood, California.The median listing price per square foot of a home and a condo was $544.00 in December of 2021 same as from $544.00 in November of 2021, but jumped 10.0% from $491.00 in December of 2020 in North Hollywood, California.For complete more detailed...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The Leading Economic Indicator Index rose 0.8% in December, after it's November's number was revised from 1.1% lower to 0.7%.  Next week will provide plenty of data, such as Housing data, GDP and Consumer Inflation (with the Fed's favorite gauge for inflation -PCE).  Also, Investors will be waiting on the FOMC to finish on Wednesday and listen for any new information on the Fed's tightening policy, including it's reduction of it's Balance sheet.  Meanwhile, Q4 Corporate Earnings are being released and it seems like they're underperforming, as stocks not only are declining for today, but the week.  A few indices are approaching correction territory.  MBS is currently Up between 16-19bps, which will be enough for Lenders to come out with better pricing ...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The Philly Fed Index rose from 15.4 in December to 23.2 in January. This index gauges the business/manufacturing in the Philadelphia region.  This is good news based on the contraction in the NY region that was released earlier this week.  Jobless Claims spiked to 286k last week, which should not be a surprise, as this is rather common at this time of year.  This is due to the seasonal workers (from the Holidays) being let go from their jobs.  Lastly, the Existing Home Sales dropped 4.6% in December, as it went from 6.48 seasonally adjusted annualized units in November to 6.18 million in December.  Stocks are Up today as Yields seem to be showing some improvement and more companies release their Q4 Earnings Reports.  We'll touch on Yields shortly!  Me...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On January 10, 2022, Realtor.com reported that in Sun Valley, California median list price was $762,000 in December of 2021 gained from $729,999 in November of 2021, and increased 4.0% from $734,499 in December of 2020. While, median sales price for a home and a condo was $810,000 in December of 2021, rose 4.0% from December of 2020 in Sun Valley, California.Houses stayed 87.00 days in the market in December of 2021 higher from 58.00 days in November of 2021, but declined from 73.00 days in December of 2020 in Sun Valley, California.The median listing price per square foot of a home and a condo was $514.00 in December of 2021 up from $508.00 in November of 2021, and jumped 13.0% from $445.00 in December of 2020 in Sun Valley, California.For complete more detailed information about Realt...
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By Alberto Pacheco, Experience and Trust
(Home Smart Evergreen Realty)
Granada Hills Real Estate forty-eight homes closes escrow in December 2021   Minimum Sold Price $395,000, house with 2 bedrooms 2 baths, 979 sq ft, lot 11,391 and 8 days on the market. Average Sold Price $1,062,721, house with 4 bedrooms, 3 baths, 2,173 sq ft, lot 12,612 and 18 days on the market.Eight were trust sales, and fourty standard sales. Twelve homes sold below the original asking price, two at price ad thirty four above Maximum Sold Price $2,141,000, house with 5 bedrooms, 5 baths, 4,937 sq ft, lot 48,408 sq ft and 158 days on the market.   Curious about your home value?, go to: www.findoutyourhomevalue.com Mortgage Interest Rates: Conventional 3.125%, Fha and Va at 2.750% all fixed for 30 years.   I invite you to visit my youtube chanel and subscribe: www.youtube.com/alberto...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The MBA Mortgage Loan Activity Report released their data (which comes out every Wednesday) and indicated that Home Buyers jumped this past week, as Mortgage Rates continue to rise.  Seems like rising Mortgage Rates are incentivizing Home Buyers to get off the fence; however, they're disincentivizing refinances, as we saw a drop week-over-week.  Housing Starts rose from 1.678 million seasonally adjusted annualized units in November to 1.702 million in December.  A 1.4% rise month-over-month.  Also, Building Permits (future Housing Start) rose 9.1%, which went from 1.717 million seasonally adjusted annualized units in November to 1.873 million in December.  It will be interesting to see it's January's numbers, as we found out yesterday that there was a...
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By Willis Allen, We give you peace of mind... the gift of time...
(Concept 360 Property Management)
Long Beach Property Management Got you Down?—                                           Are you frustrated with your tenants not paying rent during Covid?          Have you been dealing with maintenance issues while getting little to no rent to support those efforts?Do you resent your tenants? Are you consumed with anger every time those tenants light up your phone? Have you lost sleep, or even worse… is your blood boiling because of those tenants? Are you at the end of your rope?                              If you answered YES to any of those last few questions, it might be time to consider hiring a property management company to step in and take things off your hands.Over the last two years, the laws affecting rent collection during Covid have changed about every eight weeks. There a...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The Empire State Index, which measures manufacturing around the NY region, posted a -0.7 for January, which is the first time in awhile that we've seen any contraction in manufacturing in the NY region since the beginning of the lockdowns during the Pandemic (March of 2020).  Meanwhile, higher interest rates are concerning Home Builders' Confidence, as the NAHB Home Builder Index dropped from 84 in December to 83 in January.  Meanwhile, both Stocks and Bonds are selling off!  NASDAQ is being highly affected by the rise in Yields due to it's growth stocks losing it's higher profits due to higher Yields.  An M&A was announced, which Microsoft is looking to buy Activision Blizzard to create 3rd largest Gaming company.  And Q4 Corporate Earnings reports a...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On January 10, 2022, Realtor.com reported that in Rosemead, California median list price was $875,000 in December of 2021 higher from $799,994 in November of 2021, and increased 14.0% from $749,950 in December of 2020. While, median sales price for a home and a condo was $910,000 in December of 2021, jumped 29.0% from December of 2020 in Rosemead, California.Houses stayed 52.00 days in the market in December of 2021 declined from 65.00 days in November of 2021, and dropped from 65.00 days in December of 2020 in Rosemead, California.The median listing price per square foot of a home and a condo was $570.00 in December of 2021 gained from $558.00 in November of 2021, and rose 21.0% from $450.00 in December of 2020 in Rosemead, California.For complete more detailed information about Realto...
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By Esperanza Butler® 818 926 5425, Homes For Sale in West Hills, Ca (818) 926-5425
(Century 21 Peak )
The art of self-hypnosis often gets dismissed as being "new age." However, just like nearly everything in life, if you truly believe in yourself and the practice, it can prove to be very helpful. What Is Self-Hypnosis? Self-hypnosis is a form of hypnosis that you can perform on yourself. It certainly comes in handy because you won't need anyone else to help you receive the many benefits of hypnosis. Self-hypnosis is now a large part of modern hypnotherapy. How Can Self-Hypnosis Help? The uses for self-hypnosis are nearly endless. If you have a problem that you wish to resolve, chances are, self-hypnosis can help you find your solution. Self-hypnosis can obliterate the obstacles that keep you from achieving your goals. Here are some of the challenges that self-hypnosis can help you solve...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Do you need motivation? Only on a Monday, or other days as well?I always enjoyed reading other members sharing posts on Motivation. I don’t recall ever having done one, each time I considered it Active Rain had a glitch or there was always some reason or excuse, so it never happened; at least not that I recall. Since today was a relaxing and somewhat quiet day, as I was reflecting on the past and planning the future, I thought why not do a simple post about Motivation instead?I have always considered myself to be “self-motivated” or “internally motivated” without the need for external motivation. Please do not misunderstand me - I have been to motivational seminars and gatherings hosted by the top speakers. While I enjoyed the time spent and took away some tips and tricks, I do not need...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On January 10, 2022, Realtor.com reported that in Altadena, California median list price was $1,125,000 in December of 2021 higher from $1,099,000 in November of 2021, and jumped 11.0% from $1,000,000 in December of 2020. While, median sales price for a home and a condo was $1,200,000 in December of 2021, increased 10.0% from December of 2020 in Altadena, California.Houses stayed 49.00 days in the market in December of 2021 gained from 43.00 days in November of 2021, but declined from 59.00 days in December of 2020 in Altadena, California.The median listing price per square foot of a home and a condo was $685.00 in December of 2021 down from $689.00 in November of 2021, but rose 12.0% from $603.00 in December of 2020 in Altadena, California.For complete more detailed information about R...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Speechless Sunday: Honest they are friends, Jack our Senior Cat and Holly our half cat/half dog do get along.  Jack rules and Holly accommodates his wishes:)  Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly! If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West...
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By Alberto Pacheco, Experience and Trust
(Home Smart Evergreen Realty)
NORTHRIDGE CA Fifty-Four Homes Sold in December 2021 Minimum Sold Price $480,,000, house with 3 bedrooms,2baths, 1,116 sq ft, lot 6,049 sq ft and 0 days on the market Average Sold Price $1,084,499, house with 4 bedrooms, 3 bath, 2,282 sqft, lot 12,143 and 20 days on the market Maximum Sold Price $2,030,730, house with 5 bedrooms, 7 baths, 6,568 sq ft, Lot 17,551 and 53 days on the market Twelve homes sold below the original asking price , five at price and an thirty-seven above. Seven were trust sales, two probates, two short sales and fourthy-three standard sales Curious about your home value? go to WWW.FINDOUTYOURHOMEVALUE.COM Mortgage Interest Rates as follow.: Conventional 3.125%, Fha and Va at 2.750% all fixed for 30 years. I invite you to check my youtube channel and subscribe.: w...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
710 Museum Drive :  SOLD!!Congratulations to the seller and the buyers! Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly! If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On January 10, 2022, Realtor.com reported that in Sunland, California median list price was $900,500 in December of 2021 gained from $899,000 in November of 2021, and increased 17.0% from $749,900 in December of 2020. While, median sales price for a home and a condo was $905,000 in December of 2021, jumped 10.0% from December of 2020 in Sunland, California.Houses stayed 51.00 days in the market in December of 2021 down from 53.00 days in November of 2021, and dropped from 63.00 days in December of 2020 in Sunland, California.The median listing price per square foot of a home and a condo was $553.00 in December of 2021 higher from $515.00 in November of 2021, and rose 19.0% from $710.00 in December of 2020 in Sunland, California.For complete more detailed information about Realtor.com’s ...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
How did Wilshire Corridor condo sales fare in 2021? Let's take a look. As you know, each building on the Corridor is unique, but overall there were 58 units sold over 2021, almost half of which went under contract within 30 days of listing. The average sales prices was $1,512,520, with an average price per sq. ft. of $769.Compared with 2020 the number of units sold dropped by almost a half  but the average sales price rose by 12%. Also, the time on the market decreased due to low inventory levels. Below are statistics for each building.The Wilshire Corridor continues to be one of the more desirable addresses in Los Angeles. Who can resist the amenities and those views! 1200 Club View Drive - Beverly West 865-875 Comstock Ave. - The Comstock 10350 Wilshire Blvd. - The Diplomat 10375 Wils...
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Los Angeles County, CA Real Estate Professionals