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Housing: The bidding wars are back

Housing: The bidding wars are back | Around Los Angeles | Scoop.it
Seemingly overnight, many of the nation's major housing markets have gone from stagnant to sizzling, with for-sale listings spurring bidding wars among a large number of house hunters.
Jane Peters www.homejane.com's insight:

No kidding!

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Around Los Angeles
Information on real estate, events, and anything newsworthy around Los Angeles
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Increase the Resale Value of Your Home

Increase the Resale Value of Your Home | Around Los Angeles | Scoop.it
Thinking about selling your San Fernando Valley home? Don’t put your property on the market until you’ve done everything you can to maximize your resale value.
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Finding ways to help young adults make their first home purchases

Finding ways to help young adults make their first home purchases | Around Los Angeles | Scoop.it
WASHINGTON — Parents, grandparents and young adults know the problem only too well: Heavy student-debt loads, persistent employment troubles stemming from the recession, plus newly toughened mortgage underwriting standards are all standing in the way of vast numbers of potential first-time home buyers in their 20s and 30s.
Jane Peters www.homejane.com's insight:

This is a great option for those first-time home buyers

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Keller Williams 'strongly urges' agents to oppose realtor.com's AgentMatch | Inman News

Keller Williams 'strongly urges' agents to oppose realtor.com's AgentMatch | Inman News | Around Los Angeles | Scoop.it
Real estate franchise giant Keller Williams Realty has issued a statement advising its agents to oppose realtor.com's new agent rating platform, AgentMatch, which uses sold data from multiple listing services and other statistics to rank agents by...
Jane Peters www.homejane.com's insight:

Good for KW.

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MLSs at 'cliff's edge' over 'pocket' listings | Inman News

MLSs at 'cliff's edge' over 'pocket' listings | Inman News | Around Los Angeles | Scoop.it
SAN FRANCISCO -- Real estate industry leaders have worried about being cut out of real estate deals since the dawn of the Internet nearly 20 years ago.
Jane Peters www.homejane.com's insight:

Let's hope this practice gets nipped in the bud.

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Bidding Wars Still Rampant But on the Decline in Los Angeles

Bidding Wars Still Rampant But on the Decline in Los Angeles | Around Los Angeles | Scoop.it
Los Angeles's real estate market is totally chilling out, big time. Now buyers only have to fight to the death for houses 72.2 percent of the time, as opposed to...
Jane Peters www.homejane.com's insight:

I am seeing a little of this.  It's crazy but not maniacal.

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New Service Can Block Pesky — and Illegal — Robocallers

New Service Can Block Pesky — and Illegal — Robocallers | Around Los Angeles | Scoop.it
The federal do-not-call database was supposed to protect consumers from annoying telemarketing calls. There’s only one problem – fraudulent telemarketers ignore the list and make billions of robocalls pitching scams and con games.
Jane Peters www.homejane.com's insight:

I am sure the telemarketers will find a way around it and it is only for VoIP, but it's a good start.

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Average Rent in Los Angeles County Has Jumped to $1,435

Average Rent in Los Angeles County Has Jumped to $1,435 | Around Los Angeles | Scoop.it
USC Casden has released its annual report on Southern California rents (in LA, OC, SD Counties, and the Inland Empire) and daaaaamn...
Jane Peters www.homejane.com's insight:

This is not good news.

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Real Estate Deals That Have Never Been Listed

Real Estate Deals That Have Never Been Listed | Around Los Angeles | Scoop.it
In New York City, homes are selling as “whisper listings,” without ever being put on the market.
Jane Peters www.homejane.com's insight:

Hopefully this will not become the norm.

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CAA's Century City Office Building Listed for Sale (Exclusive)

CAA's Century City Office Building Listed for Sale (Exclusive) | Around Los Angeles | Scoop.it
Creative Artists Agency's Century City office building is being put up for sale.
PHOTOS: Secrets of Hollywood Agency Mailrooms
Jane Peters www.homejane.com's insight:

Buyers anyone?

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What Putin Has to Say to Americans About Syria

What Putin Has to Say to Americans About Syria | Around Los Angeles | Scoop.it
It is dangerous for any country, including America, to see itself as exceptional, whatever its motivation.
Jane Peters www.homejane.com's insight:

This is a brilliant piece.

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What Is The Correct Way To Price a Listing?

What Is The Correct Way To Price a Listing? | Around Los Angeles | Scoop.it
Wouldn't it be nice if there were some significant empirical evidence that supported one pricing strategy over another? We're not talking about anecdotes here. We all know plenty of those, and different ones support different views.
Jane Peters www.homejane.com's insight:

Another interesting article on the "science" of pricing a home.

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Why do real estate agents still exist?

Why do real estate agents still exist? | Around Los Angeles | Scoop.it
The internet was supposed to kill real estate agents. Instead, it helped them.
Jane Peters www.homejane.com's insight:

Fabulous article on the value of the real estate agent, especially as an individual.

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Potential LA Homebuyers Just Getting Burnt Out and Giving Up

Potential LA Homebuyers Just Getting Burnt Out and Giving Up | Around Los Angeles | Scoop.it
Real estate listing site Redfin says the Los Angeles home market is entering a "new phase." Considering the last phase involved 60-person bidding wars; all-cash, inspection-waiving crazies; and record-breaking price...
Jane Peters www.homejane.com's insight:

So, it isn't just me./..  :)

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Helping your appraiser do the best job

Helping your appraiser do the best job | Around Los Angeles | Scoop.it
Your home is on the market. You found buyers, a nice young couple just starting out, and they're sold on the home. But wait — there's one more person you have to sell: the appraiser.
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How to read your credit reports

How to read your credit reports | Around Los Angeles | Scoop.it
Do you ignore your credit reports because you're not really sure what they say? Here's how to cut through the confusion.
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The 10 Most Expensive Streets In The World

The 10 Most Expensive Streets In The World | Around Los Angeles | Scoop.it
Buying a property on these streets won't be cheap.
Jane Peters www.homejane.com's insight:

There are some surprises here.

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Home Buyers Need You More, Despite Internet Growth

Home Buyers Need You More, Despite Internet Growth | Around Los Angeles | Scoop.it
Buyers who use the Internet to search for homes are more likely to turn to a real estate agent for help, a new survey finds.
Jane Peters www.homejane.com's insight:

Good to know

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Gov’t Shutdown Pushes Mortgage Rates Down

Gov’t Shutdown Pushes Mortgage Rates Down | Around Los Angeles | Scoop.it
The 30-year fixed-rate mortgage is at its lowest average in nearly four months, but the government shutdown is having some impact on federal housing and mortgage programs.
Jane Peters www.homejane.com's insight:

Now if there were only some more inventory!

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Down payment help in exchange for appreciation

Down payment help in exchange for appreciation | Around Los Angeles | Scoop.it
"Houses are really affordable right now because interest rates are low, even after the recent run-up, but housing is not that accessible," says Jim Riccitelli, FirstRex co-chief executive officer.
Jane Peters www.homejane.com's insight:

Where there is a hole there is always someone who comes up with an idea to fill it.

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The Secret Cowboy/Cleopatra/Tinfoil Origins of Century City

The Secret Cowboy/Cleopatra/Tinfoil Origins of Century City | Around Los Angeles | Scoop.it
Fifty years ago yesterday, the ribbon was cut on the first tower in the brand new neighborhood of Century City, and today it still feels like it was beamed...
Jane Peters www.homejane.com's insight:

Interesting history of the birth of Century City

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Hire a pro to shoot listing photos, then put them in the right order | Inman News

Hire a pro to shoot listing photos, then put them in the right order | Inman News | Around Los Angeles | Scoop.it
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Appraisals Scuttle Home Sales Where Prices Rise Fast

Appraisals Scuttle Home Sales Where Prices Rise Fast | Around Los Angeles | Scoop.it
As home prices have escalated in many markets, buyers and agents are increasingly blaming a low appraisal for souring or killing the deal.
Jane Peters www.homejane.com's insight:

I think apparaisers are suffering from whiplash.

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Mapping Out the Rising One-Bedroom Rents Across Los Angeles

Mapping Out the Rising One-Bedroom Rents Across Los Angeles | Around Los Angeles | Scoop.it
Well it's not bad to be a renter in Los Angeles these days, but it is worse, at least according to these new (August) numbers from RadPad and RentMetrics--they...
Jane Peters www.homejane.com's insight:

It is certainly tough out here.

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Can Your Netflix Account Help You Get a Mortgage? - Credit.com Blog

Can Your Netflix Account Help You Get a Mortgage? - Credit.com Blog | Around Los Angeles | Scoop.it
Paying your Netflix bill on time doesn’t just guarantee you instant access to “Breaking Bad” reruns. It could also help you get a mortgage.
Jane Peters www.homejane.com's insight:

See a movie, buy a home...

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Yelp gets an earful from L.A. business owners

Yelp gets an earful from L.A. business owners | Around Los Angeles | Scoop.it
Yelp Inc. was hoping to debunk misconceptions and ease business owners' concerns about the popular review website.
Jane Peters www.homejane.com's insight:

Hopefully this company will get some oversight.

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