Around Los Angeles
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Around Los Angeles
Information on real estate, events, and anything newsworthy around Los Angeles
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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:

This is wrong on so many levels

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Report: Half of All Homes Are Being Purchased With Cash

Report: Half of All Homes Are Being Purchased With Cash | Around Los Angeles | Scoop.it
More than half of all homes sold last year and so far in 2013 have been financed without a mortgage, according to an analysis by economists at Goldman Sachs Group.
Jane Peters www.homejane.com's insight:

The poor standard buyer doesn't stand much of a chance.

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Why Home-Price Growth Will Slow

Why Home-Price Growth Will Slow | Around Los Angeles | Scoop.it
The breakneck pace of home price growth from earlier this year appears to be slowing—and that’s not necessarily bad news for the housing market.
Jane Peters www.homejane.com's insight:

Are we heading towards a normal market.....

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To Figure Out Where Real Estate Is Headed, Start Driving

To Figure Out Where Real Estate Is Headed, Start Driving | Around Los Angeles | Scoop.it
Metrostudy gets the lowdown on the market through firsthand observation of new home developments
Jane Peters www.homejane.com's insight:

I guess this makes sense.

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Rising home prices, mortgage rates leave many unable to buy

Rising home prices, mortgage rates leave many unable to buy | Around Los Angeles | Scoop.it
The chances of finding an affordable home in California are fading fast as prices and interest rates rise — slamming the door shut on many would-be buyers.
Jane Peters www.homejane.com's insight:

And don't we know it.

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The ‘Shift the Goalpost’ Home Sale

The ‘Shift the Goalpost’ Home Sale | Around Los Angeles | Scoop.it
Not too long ago, an accepted offer marked the home stretch of the deal; now many sellers renege on their word and repeatedly up their prices.
Jane Peters www.homejane.com's insight:

How much more disgusting can things get.

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Bank of America profit jumps 63% in second quarter

Bank of America profit jumps 63% in second quarter | Around Los Angeles | Scoop.it
NEW YORK -- Bank of America Corp. 's profit jumped 63% in the second quarter as the financial giant continued to cut costs and struggled to clean up its troubled mortgage business.
Jane Peters www.homejane.com's insight:

And where is my share??  less than 1% interest on my money.  Ridiculous.

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Real Estate Matters | Betting on the right time to buy as interest rates jump

Real Estate Matters | Betting on the right time to buy as interest rates jump | Around Los Angeles | Scoop.it
Some believe now is the time to act, while others want to wait until the fall or winter.
Jane Peters www.homejane.com's insight:

If you want or need to buy, now is definitely the time.

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Low-Ball Movers Put The Moves on Unsuspecting Consumers

Low-Ball Movers Put The Moves on Unsuspecting Consumers | Around Los Angeles | Scoop.it
Hiring a moving company can be complicated. Like buying a home or applying for a mortgage, it's not something most people do more than a few times in a lifetime.
Jane Peters www.homejane.com's insight:

This is a good heads up to ensure you are not getting scammed when moving.

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7 Most Competitive Housing Markets for Buyers

7 Most Competitive Housing Markets for Buyers | Around Los Angeles | Scoop.it
Home buyers in these markets are facing steep competition for the homes they want to buy.
Jane Peters www.homejane.com's insight:

Wow.  Look at San Francisco

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Better times for home-buyers will take a few years, experts say

Better times for home-buyers will take a few years, experts say | Around Los Angeles | Scoop.it
ATLANTA -- Would-be home buyers who are frustrated by rising home prices and low inventory may have to wait a few years for relief, real estate experts told a conference on Wednesday.
Jane Peters www.homejane.com's insight:

Those darn investors....

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Cities With the Longest Commutes in the World

Cities With the Longest Commutes in the World | Around Los Angeles | Scoop.it
Three of the 10 most traffic-congested cities in the world are in the U.S.
Jane Peters www.homejane.com's insight:

Well I knew we'd be up there, but Belgium????

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A new bubble forecasted in key real estate markets | HousingWire

A new bubble forecasted in key real estate markets | HousingWire | Around Los Angeles | Scoop.it
The recent increase in home prices recorded in several residential markets is actually doing more harm than good when it comes to improvements in fundamentals.
Jane Peters www.homejane.com's insight:

For sellers waiting for prices to rise, probably not a great idea....

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Home Sellers: Is it better to price high or price low?

Home Sellers: Is it better to price high or price low? | Around Los Angeles | Scoop.it
New research explores the power of price anchoring when buyers look at real estate.
Jane Peters www.homejane.com's insight:

Here's a novel idea, how about pricing it correctly!

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You Have to Make $72,730 to Afford an Average House in LA

You Have to Make $72,730 to Afford an Average House in LA | Around Los Angeles | Scoop.it
What is with two-thirds of Angelenos and their apparent refusal to earn enough money to be able to afford a house? C'mon, guys, thinks of the real estate agents. The...
Jane Peters www.homejane.com's insight:

And here it is.

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Home shoppers advised to stay patient amid overheated housing market

Home shoppers advised to stay patient amid overheated housing market | Around Los Angeles | Scoop.it
Be patient. Hang in there. Keep trying.
Jane Peters www.homejane.com's insight:

Bottom line, buyers need to determine the top price they are comfortable with, write a clean offer and go for it.  

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You Can No Longer Be Ticketed For Parking at a Broken Meter

You Can No Longer Be Ticketed For Parking at a Broken Meter | Around Los Angeles | Scoop.it
This morning the LA City Council voted to stop ticketing cars parked at broken meters, in a victory for lovers of sense and serendipity. Councilmembers were convinced that the fancy...
Jane Peters www.homejane.com's insight:

O.K. Los Angelenos, park away.

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Scam Alert: Beware of 'Change My Address' Sites - DailyFinance

Scam Alert: Beware of 'Change My Address' Sites - DailyFinance | Around Los Angeles | Scoop.it
When you move, you have to change your mailing address. It's easy, and the Post Office charges you just $1 to do it. So how are so many people getting conned into paying more?
Jane Peters www.homejane.com's insight:

Another scam to be on the lookout for.

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36 Things You Obviously Need In Your New Home

36 Things You Obviously Need In Your New Home | Around Los Angeles | Scoop.it
I saw this article on BuzzFeed and felt it was definitely worth re-blogging. Enjoy :) 1. A Fire Pit IN THE POOL 2. A Door That Turns into a Ping-Pong Table Shouldn’t every door be a secret Ping-Pon...
Jane Peters www.homejane.com's insight:

I'll take the TV in the bathtub

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Did Paul Ryan Kill the XpressWest Fast Train To Vegas?

Did Paul Ryan Kill the XpressWest Fast Train To Vegas? | Around Los Angeles | Scoop.it
Remember how yesterday the High Desert Corridor was maybe going to link California High-Speed Rail to the high-speed line to Las Vegas? Turns out the speedy train to Vegas may...
Jane Peters www.homejane.com's insight:

And we continue to drop further behind the rest of the civilized world.....

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Gene Mundt, Mortgage Originator's comment, July 27, 2013 10:07 AM
You're assuming that most even are aware of this ...sad ...
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Motivated home buyers skip the bidding wars

Motivated home buyers skip the bidding wars | Around Los Angeles | Scoop.it
Ryan Mathys spent weeks prospecting.
Jane Peters www.homejane.com's insight:

Whatever it takes

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5 Mortgage Facts You (Really, Seriously) Need to Know - DailyFinance

5 Mortgage Facts You (Really, Seriously) Need to Know - DailyFinance | Around Los Angeles | Scoop.it
Even after the housing crisis, many potential buyers still don't know even the most basic things about mortgages. Here are five essential facts about financing a home.

Via Gene Mundt, Mortgage Originator
Jane Peters www.homejane.com's insight:

Yes, information that may not be widely known.

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Don't look for California cities on list of places with bargain homes

Don't look for California cities on list of places with bargain homes | Around Los Angeles | Scoop.it
Looking for a cheap fixer-upper?
Jane Peters www.homejane.com's insight:

I have been constantly saying this...

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Rising Rates Won't Put Housing Out of Reach

Rising Rates Won't Put Housing Out of Reach | Around Los Angeles | Scoop.it
The recent increases in mortgage rates aside, housing affordability is still far above past average levels.
Jane Peters www.homejane.com's insight:

It will be interesting to watch the trend

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Home Warranties Useful For Some, Not All

Home Warranties Useful For Some, Not All | Around Los Angeles | Scoop.it
The industry claims home warranty contracts boost sales and sale prices, but critics say they could send the wrong signal to buyers and often are not necessary.
Jane Peters www.homejane.com's insight:

To sweeten the pot in this competitive sellers' market, I generally leave off the home warranty in a purchase contract.  This makes me feel much better...

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