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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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 10:35 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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Survey: Price Gap for Damaged REOs, Non-Distressed Homes Widens

Survey: Price Gap for Damaged REOs, Non-Distressed Homes Widens | Around Los Angeles | Scoop.it
The price gap between non-distressed properties and damaged REOs is widening, according to results from the January Campbell/Inside Mortgage Finance HousingPulse Tracking survey.
Jane Peters www.homejane.com's insight:

About time.

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There is no housing bubble in Southern California

There is no housing bubble in Southern California | Around Los Angeles | Scoop.it
The lack of housing inventory for sale in Southern California has led to price spikes. But it's premature to call it another bubble.
Jane Peters www.homejane.com's insight:

More reinforcement of the low inventory woes

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California Sees Big Inventory Decrease

California Sees Big Inventory Decrease | Around Los Angeles | Scoop.it
The number of homes for sale has fallen to record lows nationwide, with Golden State metros posting the largest drops.
Jane Peters www.homejane.com's insight:

This is going to kill the market.

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Home Prices Rising in More Markets

Home Prices Rising in More Markets | Around Los Angeles | Scoop.it
The recovery in real-estate values is accelerating, as more and more markets post gains in median home sale prices.
Jane Peters www.homejane.com's insight:

More incentive for sellers to step up before mortgage rates start to rise also.

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Cash purchases of California homes hit record in 2012

Cash purchases of California homes hit record in 2012 | Around Los Angeles | Scoop.it
Who needs a mortgage when you have greenbacks to spare?
Jane Peters www.homejane.com's insight:

The first question we ask the listings agent is: "Any cash offers?"  And invariably the answer is, "yes".

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What’s Behind Falling Housing Inventories?

What’s Behind Falling Housing Inventories? | Around Los Angeles | Scoop.it
At a time when buyer demand is picking up, why are inventories of for-sale homes still so low?
Jane Peters www.homejane.com's insight:

Something has to give

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The Year Everyone Was Wrong (Again) About Home Prices

The Year Everyone Was Wrong (Again) About Home Prices | Around Los Angeles | Scoop.it
For several years, economists and housing analysts have predicted a housing bottom, but few forecasts at the beginning of 2012 foresaw the magnitude of the rebound that the housing sector enjoyed last year.
Jane Peters www.homejane.com's insight:

So much for predictions.

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Luxury Home Sellers Stay Stubborn on Prices

Luxury Home Sellers Stay Stubborn on Prices | Around Los Angeles | Scoop.it
While days on the market has been increasing during the winter months for luxury listings, sellers are still staying firm on their asking prices, according to the Institute for Luxury Home Marketing.&...
Jane Peters www.homejane.com's insight:

This rings true in Los Angeles also.

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Downtown L.A.'s edgy arts district is neighborhood in transition

Downtown L.A.'s edgy arts district is neighborhood in transition | Around Los Angeles | Scoop.it
When Gideon Kotzer set out to open a discount electronics store in the mid-1990s, he deliberately chose an old warehouse in the cultural middle of nowhere — the arts district of downtown Los Angeles, which charitably could be called sketchy.
Jane Peters www.homejane.com's insight:

Downtown L.A. is growing.

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realjdobypr's comment, January 20, 2013 12:20 PM
I think this is a very interesting development in LA...another great outlet for artists to shine.
Jane Peters www.homejane.com's comment, January 20, 2013 12:58 PM
So many Angelenos don't even know that all this exists.
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Home Owners Reluctant to Sell; Inventories Fall

Home Owners Reluctant to Sell; Inventories Fall | Around Los Angeles | Scoop.it
The number of homes for sale nationwide ended 2012 at its lowest level in more than five years. Find out where inventory levels fell the most during the year.
Jane Peters www.homejane.com's insight:

This is no surprise - down 40% in Los Angeles

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Apartment, retail complex underway in Palms

Apartment, retail complex underway in Palms | Around Los Angeles | Scoop.it
Work has begun on a $30-million apartment and retail complex in Palms near a planned station for the Expo Line that will connect downtown Los Angeles with Santa Monica.
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Relocating to Charlotte? Check out one of Charlotte's fantastic neighborhoods i...

Relocating to Charlotte?  Check out one of Charlotte's fantastic neighborhoods i... | Around Los Angeles | Scoop.it
Relocating to Charlotte? Check out one of Charlotte's fantastic neighborhoods in a great, close-in location - Cotswold...Discover Charlotte NC Neighborhoods | COTSWOLDDiscover Cotswold in Charlotte NC - a fabulous inner-city community with great...

Via Debe Maxwell www.iCharlotteRealEstate.com
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Housing: It’s Becoming a Seller’s Market

Housing: It’s Becoming a Seller’s Market | Around Los Angeles | Scoop.it
The National Association of Realtors said on Thursday what home buyers in many parts of the United States have known for months: it’s becoming a seller’s market.
Jane Peters www.homejane.com's insight:

No kidding

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Lack of inventory hinders top real estate markets | HousingWire

Lack of inventory hinders top real estate markets | HousingWire | Around Los Angeles | Scoop.it
Big markets such as Phoenix and Sacramento no longer make the list of top real estate markets due to their year-over-year sales counts being down, according Pro Teck.
Jane Peters www.homejane.com's insight:

Not sure I fully understand this breakdown.  L.A. is certainly suffering from lack of inventory.....

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Seller’s Market Developing in Much of the U.S.

Seller’s Market Developing in Much of the U.S. | Around Los Angeles | Scoop.it
Existing-home sales edged up in January, while a seller’s market is developing and home prices continue to rise steadily above year-ago levels, according to NAR.
Jane Peters www.homejane.com's insight:

When is this market going to normalize?

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If a Home Gets Hit by a Meteor, Who Pays?

If a Home Gets Hit by a Meteor, Who Pays? | Around Los Angeles | Scoop.it
After a meteor struck western Siberia and more meteors threatened the entire globe on Friday, CNNMoney asked the question: Who pays for the damage to a home if hit by a space object?
Jane Peters www.homejane.com's insight:

Don't worry, you're safe

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Rich Cederberg's comment, February 18, 2013 7:17 PM
Good question. This all reminds me of SkyLab back in the late 70's.
Jane Peters www.homejane.com's comment, February 18, 2013 7:19 PM
Watch the insurance companies start raising premiums for that.
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Southern California home prices rise; foreclosures fall statewide

Southern California home prices rise; foreclosures fall statewide | Around Los Angeles | Scoop.it
Southern California’s housing market in January posted strong median home price gains as new foreclosure starts plummeted dramatically across the state.
Jane Peters www.homejane.com's insight:

They still don't really discuss the gross shortage of inventory overall.  And what are sellers waiting for?

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High-end home sales on a roll in state

High-end home sales on a roll in state | Around Los Angeles | Scoop.it
California's luxury housing market is booming.
Jane Peters www.homejane.com's insight:

If the luxury market is moving, then we truly have turned the corner.

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A New Lease on Luxury

A New Lease on Luxury | Around Los Angeles | Scoop.it
They've got the money to buy trophy homes—but for now, they'd rather rent. Hoping to keep cash liquid while watching the direction of the market, more people are paying big sums for temporary digs.
Jane Peters www.homejane.com's insight:

These rents are staggering.

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Real Estate Investors Shift Focus

Real Estate Investors Shift Focus | Around Los Angeles | Scoop.it
Price increases in once “hot” investment markets are prompting real estate investors to shift their focus elsewhere.
Jane Peters www.homejane.com's insight:

I guess I am surprised Atlanta made this list

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Plans for Century City residential towers advance

Plans for Century City residential towers advance | Around Los Angeles | Scoop.it
Plans are moving forward for construction of two 46-story residential towers behind the landmark Hyatt Regency Century Plaza hotel in Century City after the unanimous approval of the project last week by the Los Angeles City Council.
Jane Peters www.homejane.com's insight:

This has been a while coming.

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Home sweet home or merely a teardown?

Home sweet home or merely a teardown? | Around Los Angeles | Scoop.it
The courtyard patio at the classic California Spanish house was ringed by camellia bushes. In the living room, the fireplace boasted genuine Malibu tile and in the dining room, the original thin-planked oak floors gleamed.
Jane Peters www.homejane.com's insight:

This is the market that we are dealing with

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2012 housing market ends on upswing in Southern California

2012 housing market ends on upswing in Southern California | Around Los Angeles | Scoop.it
Southern California’s housing market ended last year with sharp home-price gains and the highest sales for a December in three years.
Jane Peters www.homejane.com's insight:

Let's see it continue

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Malibu makes bid to be world's mega-mansion capital

Malibu makes bid to be world's mega-mansion capital | Around Los Angeles | Scoop.it
Malibu has always been known for its hidden beaches and un-hidden wealth. The combination has now turned Malibu into one of the nation's cap...
Jane Peters www.homejane.com's insight:

This is pretty amazing.  The mega-mansion capital of the world!  Wow.

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