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Around Los Angeles
Information on real estate, events, and anything newsworthy around Los Angeles
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Condo loan denied? Blame the building

Condo loan denied? Blame the building | Around Los Angeles | Scoop.it
Some lenders can make condo buyers with pristine credit feel like rejects. Blame it on the building.
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10 Most-Searched Housing Markets Online

Realtor.com released the most-searched-for housing markets at its site. See if your area made the list.
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Home prices: Biggest rise in more than 2 years

Home prices: Biggest rise in more than 2 years | Around Los Angeles | Scoop.it
S&P/Case-Shiller index shows 3.6% rise in home prices from year-earlier levels, another sign of housing market recovery.
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AMC brings its first dine-in theater to L.A.

AMC brings its first dine-in theater to L.A. | Around Los Angeles | Scoop.it
AMC, the nation's second-largest cinema chain, is opening its first dine-in theater in Southern California in Marina del Rey.
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Quick tip: 6 things you may have missed in social media this week

Quick tip: 6 things you may have missed in social media this week | Around Los Angeles | Scoop.it

This past week, there have been a lot of exciting changes and updates announced about Facebook, Instagram and Pinterest. Here are six things you may have missed:

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News Release: Housing Statistics, Strategic Business and Vision Planning | realtor.org

The housing market recovery should continue through the coming years, assuming there are no further limitations on the availability of mortgage credit or a "fiscal cliff," according to forecast presentations at a residential forum here at the 2012...
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Housing affordability in California drops as prices increase

Housing affordability in California drops as prices increase | Around Los Angeles | Scoop.it
California homes are getting less affordable as property values rise, a real estate group says , offsetting the benefit to home shoppers from low mortgage interest rates.
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How to Frankenstorm-Proof a Home

How to Frankenstorm-Proof a Home | Around Los Angeles | Scoop.it
As Hurricane Sandy threatens the Atlantic Coast in what’s being dubbed as “Frankenstorm,” many home owners are asking themselves: Have I done enough to disaster-proof my home?
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C.A.R. releases its 2013 California Housing Market Forecast

California housing market to continue improvement.  Lack of inventory to hamper sales.
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Celebrities and the wealthy find ways to keep home sales secret

Celebrities and the wealthy find ways to keep home sales secret | Around Los Angeles | Scoop.it
Madonna is selling her Beverly Hills estate, but she doesn't want you to know about it.
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Thom Abbott's comment, October 17, 2012 10:13 AM
Yeah, I'd like to have a $28M "pocket listing...."
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Number of low-price homes plummets in state

Number of low-price homes plummets in state | Around Los Angeles | Scoop.it
Competition for lower-priced homes in California is so hot that the number of cheaper homes available for sale has sunk more than 40% in the last year, pushing out many would-be buyers.
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Joel Silver to put his stamp on Venice Post Office

Joel Silver to put his stamp on Venice Post Office | Around Los Angeles | Scoop.it
Movie producer Joel Silver brought his Hollywood panache to Venice on Wednesday, unveiling plans for revamping the former Venice Post Office as the new headquarters of his Silver Pictures.

 

Another boost to Venice.

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U.S. home prices rose 4.6% in August, biggest jump in six years

U.S. home prices rose 4.6% in August, biggest jump in six years | Around Los Angeles | Scoop.it
Home prices nationwide are recovering, making their largest leap in more than six years in August, according to a new report.

 

Prices soared 4.6% in August from the same month last year, the biggest year-over-year increase since July 2006, according to real estate data provider CoreLogic in Irvine.

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LA is the Seventh Least Affordable US City For Buying a Home

LA is the Seventh Least Affordable US City For Buying a Home | Around Los Angeles | Scoop.it
Oh good, yet more confirmation that it's practically impossible to actually afford a house in Los Angeles. CNNMoney has ranked the 10 least affordable cities for homebuying, comparing median home...
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City-by-city look at U.S. house prices Economic Report

City-by-city look at U.S. house prices Economic Report | Around Los Angeles | Scoop.it
A breakdown of the S&P/Case-Shiller 20-city composite, which showed a not-seasonally adjusted 0.3% increase in home prices in September.
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12,297 Tickets Already For Improper Use of the 110 Toll Lanes

12,297 Tickets Already For Improper Use of the 110 Toll Lanes | Around Los Angeles | Scoop.it
Metro's going to make $18 to $20 million off its ExpressLanes program, which charges solo drivers to use new carpool lanes on the 110 (and soon the 10). The...
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Low inventory wipes out foreclosure discount

Low inventory wipes out foreclosure discount | Around Los Angeles | Scoop.it
With the number of homes available for sale at an all-time low, the price difference between standard “equity” sales and bank foreclosures has all but dried up.
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Trump Jumps into Real Estate Brokerage Business

Donald Trump has launched a luxury residential real estate firm, his first leap into real estate sales beyond the Trump organization’s own properties. ...
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If A Starbucks Opens In A New Neighborhood, It's Time To Buy A Home There

If A Starbucks Opens In A New Neighborhood, It's Time To Buy A Home There | Around Los Angeles | Scoop.it
Ride the coattails of the chain's market research.

"Wake up and smell the coffee," writes Michael Corbett, Trulia's real estate expert and and host of NBC's "Extra's Mansions & Millionaires!" in his book Before you Buy! The Homebuyer's Handbook for Today's Market.

Read more: http://www.businessinsider.com/starbucks-signals-a-rising-neighborhood-2012-11#ixzz2CJmUu1HE

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Drop in U.S. mortgage delinquency rates led by California, Arizona

Drop in U.S. mortgage delinquency rates led by California, Arizona | Around Los Angeles | Scoop.it
WASHINGTON — Fueled by major improvements in California and Arizona, the percentage of  homeowners nationwide who were behind on their mortgage payments dropped significantly in the three-month period ending in September compared with a year...
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Economic, Real Estate Experts Paint Brighter Picture for 2013

Economic, Real Estate Experts Paint Brighter Picture for 2013 | Around Los Angeles | Scoop.it
Continued growth and cautious optimism among the themes at Fifth Annual Radius Real Estate & Economic Forecast...
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Investment firms look to single-family rentals

Investment firms look to single-family rentals | Around Los Angeles | Scoop.it
As home ownership rates continue to fall, a new type of single-family home buyer has emerged: private equity investment firms.
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99 Cents Only eyes Beverly Hills location

99 Cents Only eyes Beverly Hills location | Around Los Angeles | Scoop.it
Discount chain 99 Cents Only Stores Inc. is shopping on Rodeo Drive.
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Median home price in Southland climbs as supply is squeezed

Median home price in Southland climbs as supply is squeezed | Around Los Angeles | Scoop.it
Southern California's median home price climbed to a high not seen in more than four years even as sales plummeted -- the latest sign that the housing market is becoming increasingly competitive, with fewer homes available.
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Reluctant Sellers Hold Up the Market?

Reluctant Sellers Hold Up the Market? | Around Los Angeles | Scoop.it
Many would-be home sellers are waiting for home prices to post stronger gains before they sell. But their reluctance could be tightly constraining inventories in many markets.
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