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08 June 2009
Forecast for the week June 08,2009
In terms of economic reports, Thursday will be the big day this coming week. We'll learn more about the health of the retail sector via the Retail Sales Report for May . April's Retail Sales Report was worse than expected and marked the eighth Read More...
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10 February 2009
5 Reasons to Buy a Home Now
1. Affordability is better than ever According to the National Association of Realtors' housing affordability index, homes were more affordable in December than at any other point since the group started the index in 1970. The affordability index Read More...
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08 February 2009
Home Prices to Bottom in 2009..New Report!
House prices in much of the U.S. will bottom out in this year's fourth quarter, Moody's Economy.com says in a new report. The report projects that peak-to-trough declines for metro areas will be 53% in Los Angeles. In some of the hardest hit markets, Read More...
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08 January 2009
Rates Fall to Record Low of 5.01%
The 30-year fixed-rate mortgage (FRM) averaged 5.01 percent with an average 0.6 point for the week ending Jan. 8, 2009, down from last week when it averaged 5.10 percent, according to Freddie Mac’s latest results of its Primary Mortgage Market Survey Read More...
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01 January 2009
Biggest Home Price Declines Ever
"The bear market continues; home prices are back to their March 2004 levels ," (Is this the Bottom????)... says David M. Blitzer, chairman of the Index Committee at Standard & Poor's. "Both composite indices and 14 of the 20 metro Read More...
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26 December 2008
Rentals:Multi-Family vs. Single Family...No Question...
Here are some of the advantages that investing in Multi-units Buildings has over Single Families. Cash flow on a multi-family is always greater than that of a single family. Simply because you have more rents coming in. The more units you have under one Read More...
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26 December 2008
Dr. Sam Chandan Video link on Multi-Family/Apt. Investments
Dr. Sam Chandan (formerly Chief Economist with REIS) speaks on the status of the Multi-Family Apartment market. I normally do not post links on my Blog, but Dr. Sam has his finger on the pulse and speaks on why now is the time to Buy! Here is the Link Read More...
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14 December 2008
NAR 2009-2010 Forecast...Rates are coming DOWN
Please contact me: Thomas Ray,M.S.,Realtor Keller Williams/Marina Office:310.862.1786, Cell:310.420.1149 www.LAexclusiveProperty.com Read More...
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14 November 2008
Multifamily Investment Sales Surge in LA
As prices for Multi-Family properties in Los Angeles potentially reached their bottom in the third quarter , San Francisco came close to bottoming out, while New York City remained far from it, according to the Investment Properties Q3 2008 report. The Read More...
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31 October 2008
Sept Sales and Price Report--Sales Soared!!!
September sales and price report: Sales in California soared 96.7 percent and the median price of an existing single-family home decreased 40.9 percent compared with September 2007. Statewide sales in September surpassed the 500,000 mark for the first Read More...
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13 October 2008
September California Foreclosure Report
New foreclosure activity plunges, California State Senate Bill 1137 takes effect, dramatically impacting foreclosure filings. Notice of Default filings, which indicate the start of the foreclosure process, fell 61.8 percent in September due primarily Read More...
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24 September 2008
Home Sales dn 5.5% (West)..Inventory shrinks!
Sales of previously owned homes declined in August, but in a promising sign the backlog of unsold homes shrank. Nationwide, sales of existing homes fell 2.2% in August (dn. 5.5% in the West) from the previous month to an annual sales pace of 4.91 million Read More...
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16 July 2008
Kitchen Trends
Home shows this year are exhibiting Kitchens that have continued the use of glass as a key design element . Once used as a decorative backsplash element, it is being used as both front material as well as a counter top. Colored, frosted, painted and etched Read More...
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