Real Estate Blog LA

"THOSE WHO CAN SOAR TO THE HIGHEST HEIGHTS CAN ALSO PLUNGE TO THE DEEPEST DEPTHS." Lucy Maud Montgomery. Despite all of the government's efforts, markets here and around the world plunged this week as the financial crisis continues to grow. On Tuesday, the Fed and Treasury Department announced plans to purchase short-term commercial ...

First up:The loss of tax deductions. In most cases, people who lack a mortgage pay more federal and state income taxes than those who qualify for a mortgage deduction.  A Mortgage Calculator illustrates this point: Assume that a buyer is currently paying $1,500 per month on a rental. If the buyer purchases a $300,000 property with $30,000 ...

In April of 1973, mortgage rates were about the same as they are today. Since that time, we have only had mortgage rates this low during 2001 and 2002, the height of the seller's markets where there was little inventory. In the last two major buyer's markets, one in the early 1980s and the other in the early 1990s, the rates were much ...

Sales of existing homes increased in February and remain within a fairly stable range, according to the National Association of Realtors®. Existing-home sales - including single-family, townhomes, condominiums and co-ops - rose 2.9 percent to a seasonally adjusted annual rate (1) of 5.03 million units in February from a pace of 4.89 million in ...

The National Multi Housing Council projects the number of "households that rent" will increase by  four million over the next 10 years, with half of them renting apartments in properties with five or more units. Looking back at  2007, the group said the number of renters in professionally managed  apartments ...

Due to my efforts in optimizing my website www.LAexclusiveProperty.com I am speaking with more and more International Buyers that are beginning to consider real estate investments in California. The reasons for this traction are the weakened dollar and market dynamics in this state. Home prices have peaked, Supply is the best in more than 10 ...

My clients that are putting in offers now (April 2008), are starting at 5% to 8% UNDER the list price on homes that have been on the market for at least 45 days with no price reductions. This seems to be working and Sellers have been responsive. For homes with a 60+ DOM and price reductions, I am finding each case is unique, though ...