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Around Los Angeles
Information on real estate, events, and anything newsworthy around Los Angeles
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Why Rising Interest Rates Could Eventually Curb Price Gains

Why Rising Interest Rates Could Eventually Curb Price Gains | Around Los Angeles | Scoop.it
Rising home prices are raising concerns among some housing analysts that prices could again become unaffordable if price gains outpace income growth.
Jane Peters www.homejane.com's insight:

A big uh oh and déja vu.

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Outside Manhattan, Hybrid Real Estate Services Survive

Outside Manhattan, Hybrid Real Estate Services Survive | Around Los Angeles | Scoop.it
The practice of agencies’ sharing offices with tax services has slowed as business has grown more competitive. But in some areas of the city, it is still mutually beneficial.
Jane Peters www.homejane.com's insight:

I shall have to take my funeral director's license.

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Buying foreclosures requires patience, and a little more money

Buying foreclosures requires patience, and a little more money | Around Los Angeles | Scoop.it
It's still possible to buy a foreclosure and make it the home of your dreams. It's just harder these days.
Jane Peters www.homejane.com's insight:

I am not sure how that last guy thinks it's a buyers' market...

 

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Investors cooling on housing market

Investors cooling on housing market | Around Los Angeles | Scoop.it
As home prices rise, some real investment investors see less of an opportunity for a quick buck
Jane Peters www.homejane.com's insight:

Time to let the little guys in.

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The many charms of beautiful downtown Burbank

The many charms of beautiful downtown Burbank | Around Los Angeles | Scoop.it
The city of Burbank has come in for some serious dissing since news broke that "The Tonight Show" may leave NBC studios at Olive and Alameda avenues in search of an edgier, fresher vibe in New York City .
Jane Peters www.homejane.com's insight:

The Burbank market is extremely hot, and looks like it will continue to be so....

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Surprise U.S. Housing Demand Catches Industry Off-Guard

Surprise U.S. Housing Demand Catches Industry Off-Guard | Around Los Angeles | Scoop.it
As welcome as a long-awaited improvement in the American housing market may be, the unusually low level of homes for sale is creating problems for buyers and sellers alike.
Jane Peters www.homejane.com's insight:

I feel like a broken record.

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Many underwater homeowners are coming up for air

Many underwater homeowners are coming up for air | Around Los Angeles | Scoop.it
WASHINGTON — Home equity is back, and it's growing fast.

 

According to the latest data from the Federal Reserve, Americans' net equity in their houses jumped nearly $500 billion during the last three months of 2012 and $1.7 trillion since spring 2011.

Jane Peters www.homejane.com's insight:

There is definitely light at the end fo the tunnel.

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SoCal home prices up 21%; February sales volume hits 6-year high

SoCal home prices up 21%; February sales volume hits 6-year high | Around Los Angeles | Scoop.it
Southern California once again saw strong home price increases last month as the percentage of absentee buyers hit a record high and cash buyers remained a dominant force.
Jane Peters www.homejane.com's insight:

It will be March and April that provide a good indicator of where we are headed.

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Robert Schiavelli's Loud Laugh Lands Him in Trouble With Neighbor -- and Court -- AOL Real Estate

Robert Schiavelli's Loud Laugh Lands Him in Trouble With Neighbor -- and Court -- AOL Real Estate | Around Los Angeles | Scoop.it
Robert Schiavelli's laugh got him in trouble with his neighbor -- and now he's facing charges.
Jane Peters www.homejane.com's insight:

Oh no.  Another disclosure!

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Single-family rental houses are havens for aspiring homeowners

Single-family rental houses are havens for aspiring homeowners | Around Los Angeles | Scoop.it
WASHINGTON — Could rental houses owned and managed by deep-pocketed hedge funds and big investors be the post-bust steppingstones to homeownership for huge numbers of renters?
Jane Peters www.homejane.com's insight:

Another reason we are short on inventory.

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More can afford a home, but lenders remain tight-fisted

More can afford a home, but lenders remain tight-fisted | Around Los Angeles | Scoop.it
Nearly half of all California households can now afford the median-priced home in the state — but that's no help if they can't get mortgages.
Jane Peters www.homejane.com's insight:

When will everything come together?

 

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Statistics Reaffirm That Commuting In L.A. Sucks

Statistics Reaffirm That Commuting In L.A. Sucks | Around Los Angeles | Scoop.it
Numbers released by the U.S. Census Bureau have once again reaffirmed what we all know and complain about every. single. day. Commuting in Los Angeles sucks, and for some, it literally sucks the life right out of them.
Jane Peters www.homejane.com's insight:

And yet there are days when you sail through.  The best times being holidays.

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New syndication platform focused on high-end listings

New syndication platform focused on high-end listings | Around Los Angeles | Scoop.it
Listing-Feed.com streamlines distribution to select sites. Brokers and agents who want to promote their listings on several high-end real estate websites have a new option -- Listing-Feed.com.

Via Russ Bergeron
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Russ Bergeron's curator insight, March 1, 2013 7:35 AM

Just what the world needs - another syndication site.  Send us your IDX feed and we will charge you to send your listings to sites where they already appear.

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Home-buying tactics last seen during housing bubble are returning

Home-buying tactics last seen during housing bubble are returning | Around Los Angeles | Scoop.it
WASHINGTON — They're back after barely a decade: escalation clauses in real estate contracts, "naked" contingency-free offers and low-ball-priced listings designed to pull in dozens of bidders and turn routine sales transactions into auctions.
Jane Peters www.homejane.com's insight:

I haven't seen the escalation clause here yet, but it's only a matter of time.

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Carrington's Sharga: We are not creating another housing bubble | HousingWire

Carrington's Sharga: We are not creating another housing bubble | HousingWire | Around Los Angeles | Scoop.it
At the REOMAC 2013 Summit & Expo in Dallas on Monday, keynote speaker Rick Sharga, executive vice president of Carrington Mortgage Holdings, addressed what’s in store for the housing market and if the recovery is for real.
Jane Peters www.homejane.com's insight:

I am not sure if this is positive news or negative

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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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New technology monitors home from phone

New technology monitors home from phone | Around Los Angeles | Scoop.it
Every day Larry Schweber can see his 8-year-old daughter come home from school, even while he's at work. He gets a text message with a video clip every time someone walks through the front door of his home in Georgia's Ansley Park neighborhood.
Jane Peters www.homejane.com's insight:

Big Brother is here.

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aniamaclain's comment, April 6, 2013 5:38 AM
Nice one
Jane Peters www.homejane.com's comment, April 6, 2013 10:50 AM
Clever.
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The time to sell is a waiting game for some | HousingWire

The time to sell is a waiting game for some | HousingWire | Around Los Angeles | Scoop.it
"If you're selling one house just to move up to another, it does you no good to wait for prices to rise — the price of the move-up home will increase faster than the price of the place you're leaving behind," said Redfin CEO Glenn Kelman.
Jane Peters www.homejane.com's insight:

Sell low, buy low. Sell high, buy high.  There is really no reason to wait.

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'Underwater' homes decline nationwide, report says

'Underwater' homes decline nationwide, report says | Around Los Angeles | Scoop.it
Fewer borrowers nationwide owe more on their mortgages than their homes are worth, providing a boost to the housing recovery, according to a new report.
Jane Peters www.homejane.com's insight:

Great news.

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Homes selling faster as buyers outpace supply

Homes selling faster as buyers outpace supply | Around Los Angeles | Scoop.it
Homes sold faster last month than in any February since 2007 as eager buyers overran the supply of homes for sale, industry figures show.
Jane Peters www.homejane.com's insight:

Los Angeles home sellers, take note.

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California is second-most expensive state for rents, report says

California is second-most expensive state for rents, report says | Around Los Angeles | Scoop.it
A minimum wage worker in California must toil about 130 hours a week in order to feasibly afford a two-bedroom rental, a new report found.
Jane Peters www.homejane.com's insight:

San Francisco and L.A. being the culprits.

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Here Are The World's Most Expensive Real Estate Markets

Here Are The World's Most Expensive Real Estate Markets | Around Los Angeles | Scoop.it
Where buyers are shelling out.
Jane Peters www.homejane.com's insight:

Can you believe L.A. only just beat out Istanbul!

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Southland housing market's 10 fastest-recovering ZIP Codes

Southland housing market's 10 fastest-recovering ZIP Codes | Around Los Angeles | Scoop.it
Few markets crashed harder than Compton when California's real estate bubble burst.
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Why is Housing Inventory So Low?

Why is Housing Inventory So Low? | Around Los Angeles | Scoop.it
There’s no question about it, the operative theme of the 2013 housing market is restricted supply. Ever since the bubble burst in 2006, we’ve been hearing about the dangers of over supply, of the
Jane Peters www.homejane.com's insight:

It's really not just about homeowners waiting until prices rise.....

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Fiserv: Home Prices Growing at a 'Normal' Pace

Fiserv: Home Prices Growing at a 'Normal' Pace | Around Los Angeles | Scoop.it
The housing market is seeing prices appreciate at a normal pace, with further growth expected in the next five years, according to Fiserv Inc.
From Q3 2011 to Q3 2012, home prices rose by 3.6 percent, the Fiserv Case-Shiller Indexes revealed.
Jane Peters www.homejane.com's insight:

Normal is good.

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