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Real estate news and trends for Los Angeles, Southern Calfornia and the nation.
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Sales of New U.S. Homes Unexpectedly Rise to Seven-Year High

Sales of New U.S. Homes Unexpectedly Rise to Seven-Year High | Real Estate Trending | Scoop.it

(Bloomberg) -- Purchases of new homes in the U.S. unexpectedly rose in February to a seven-year high as stronger job gains helped bolster industry activity amid severe weather.

Sales climbed 7.8 percent to a 539,000 annualized pace, the most since February 2008, Commerce Department data showed Tuesday in Washington. The reading exceeded even the most optimistic forecast of economists surveyed by Bloomberg.

Americans withstood....

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Will the Fed taper the taper?

Will the Fed taper the taper? | Real Estate Trending | Scoop.it
The Federal Open Market Committee Meeting is scheduled to meet this week, and so far, tapering has yet to significantly impact housing. Key word being yet.
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370 VIA FLORENCE Pacific Palisades CA 90272 - 13709155

370 VIA FLORENCE Pacific Palisades CA 90272 - 13709155 | Real Estate Trending | Scoop.it

In the mood for a little taste of Tuscany? Tuscan-inspired villa in Pacific Palisades offered for $9350000. Featured this week as an LA Times Home of the Week.

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Shopping for a home? Have your financial ducks in a row

Heated competition for depleted inventory means shoppers must have all their financials lined up before they even hit an open house.

 

Click through the photo for the deets. And beware aspiring westsiders, homes in West LA are selling even faster than quoted in this video....

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Luxury builders better positioned in rising interest rate environment

Luxury builders better positioned in rising interest rate environment | Real Estate Trending | Scoop.it
“ Upscale homebuilders may gain the upper hand as mortgage rates rise, putting pressure on builders and buyers in the low- to middle-income segment.”
Via Russ Bergeron
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Warren Buffett increases his stake in Wells Fargo

Warren Buffett increases his stake in Wells Fargo | Real Estate Trending | Scoop.it
“ Wells Fargo has been a long-term investment favorite of Warren Buffett's Berkshire Hathaway, and it seems the love affair is far from over.”
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Samsung unveils new smartwatch that makes calls

Samsung unveils new smartwatch that makes calls | Real Estate Trending | Scoop.it
Nearly 70 years after Dick Tracy began wearing a two-way wrist radio in the funny pages, the technology that once seemed impossibly futuristic will be widely available by Christmas. Samsung on Wednesday introduced a digital watch for the holiday season that will let users check messages with a glance at their wrists and have conversations secret agent-style.
Via Russ Bergeron
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REtrending's comment, September 8, 2013 1:44 PM
Sign me up!!
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52% of homeowners plan a home improvement this fall

52% of homeowners plan a home improvement this fall | Real Estate Trending | Scoop.it
According to the Zillow Digs Fall Home Improvement Trend and Spending Survey, 52 percent of homeowners plan to make a home improvement or addition this fall, with the majority continuing to focus on a home office or playroom.
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Recent Jobless Claims News Is Nothing To Celebrate

Recent Jobless Claims News Is Nothing To Celebrate | Real Estate Trending | Scoop.it
The drop in the unemployment rate in August to a 4 1/2-year low was hardly cause for celebration. The rate fell because more people stopped looking for work. More than 300,000 people were no longer working or looking for a job. Their exodus shrank the so-called labor force participation rate — the percentage of adult Americans with a job or seeking one — to 63.2 percent. It's the lowest participation rate since August 1978.
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Amazon as a Property Portal?

Amazon as a Property Portal? | Real Estate Trending | Scoop.it
For Amazon the core to their business is data. In the US the core starting point for property data is the 900+ MLS’s that are the dinosaurs of the industry – for Amazon equally as major a hurdle to overcome as Trulia and Zillow have found. However Amazon is not purely a US company and therefore it is not inconceivable to see Amazon launch a real estate serendipity engine in the UK for example where comprehensive data already exists of users as well as listings.
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Is Our Housing Recovery At Risk?

Is Our Housing Recovery At Risk? | Real Estate Trending | Scoop.it

"Interest rates are climbing to 4.4% on a 30-year fixed mortgage. Coldwell Banker Real Estate CEO Budge Huskey, offers insight on whether the housing recovery is at risk."

 

Click through the photo and in under two minutes, you'll know just where we stand.

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Bernanke: Fed flexible on economic stimulus - NBC News.com

Bernanke: Fed flexible on economic stimulus - NBC News.com | Real Estate Trending | Scoop.it

"Federal Reserve Chairman Ben Bernanke said the central bank could begin tapering bond purchases aimed at boosting the economy later this year. But he stressed that could change, depending on how the economy performs.

 

In prepared remarks for his semiannual monetary report before the House financial services committee, the Fed chairman said, "With unemployment still high and declining only gradually, and with inflation running below the Committee's longer-run objective, a highly accommodative monetary policy will remain appropriate for the foreseeable future."

 

Bernanke said that if the incoming economic data confirms a strengthening labor market and inflation moving back toward the central bank's 2 percent target, "We anticipated that it would be appropriate to begin to moderate the monthly pace of purchases later this year."

 

But he emphasized that this plan is not a "preset course."

 

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REtrending's curator insight, July 17, 2013 11:39 AM

Does anybody else think this wishy-washy maybe this-maybe that stance is hurting more than it's helping??

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Building New Angeles

Building New Angeles | Real Estate Trending | Scoop.it
Equal parts retail hub, Silicon Beach hotspot and idyllic suburban enclave, Playa Vista approaches the completion of its great Westside experiment By Joe Piasecki          ...
REtrending's insight:

Playa Vista, by the numbers:

  • Between 6,500 and 7,000 current residents
  • Housing under construction will add another 6,000 residents,for a total of about 13,000 people in just a few years
  • 47 Playa Vista’s 460 acres will remain green space
  • The 11-acre, $260-million Runway complex will create220,000 square feet of new shops and restaurants

Source: Brookfield Residential

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Economist: 3 major things you need to know about the 2014 housing market

Economist: 3 major things you need to know about the 2014 housing market | Real Estate Trending | Scoop.it
The following list was put together by a veteran housing economist, asked by HousingWire for his opinion on the near-term future of the markets we cover daily. Here's David Berson's take on the 3 things you need to know about housing in 2014.


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REtrending's insight:

#SiliconBeach got a jumpstart on housing, but it's good to know the broader trends will back us up.

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REtrending's curator insight, March 17, 2014 2:29 PM

#SiliconBeach got a jumpstart. Good to know broader trends will back us up.

REtrending's curator insight, March 17, 2014 2:30 PM

#SiliconBeach got a jumpstart. Good to know broader trends will back us up! Silicon Beach and tech leading the way.

REtrending's curator insight, March 17, 2014 2:33 PM

#SiliconBeach and adjacent communities like Westchester CA 90045 leading the way!

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Silicon Beach housing prices surge as techies move in

Silicon Beach housing prices surge as techies move in | Real Estate Trending | Scoop.it
In Venice, 25-year-old Snapchat co-founder Bobby Murphy has bought a new two-bedroom house for $2.1 million, or nearly double the median price of homes in the neighborhood.

 

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Real Estate Market Data Analysis - Venice CA | 90291 - REtrending.com

Real Estate Market Data Analysis - Venice CA | 90291 - REtrending.com | Real Estate Trending | Scoop.it

Want to know which way the market is trending in Venice CA? Real estate market data analysis Venice CA 90291 provided by Realtor Tracy Thrower Conyers. Click through the graph for four trending characteristics in the 90291 real estate market.

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REITs gain traction

REITs gain traction | Real Estate Trending | Scoop.it
“ Although the economy will likely expand at a slower pace than initially forecasted for the year, real estate investment trusts continue to exceed expectations.”
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Political Gamesmanship Screws Struggling CA Homeowners

Political Gamesmanship Screws Struggling CA Homeowners | Real Estate Trending | Scoop.it
“ Partisan political gamesmanship by the Assembly Appropriations Committee penalizes struggling homeowners who sold their homes in a short sale in the past eight months, forcing them to pay state income taxes on money they never received.”
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What Microsoft Did And Didn't Buy With Its Nokia Acquisition

What Microsoft Did And Didn't Buy With Its Nokia Acquisition | Real Estate Trending | Scoop.it
In one fell swoop today, Microsoft is becoming an extremely different type of company. Microsoft is pushing hard to recreate itself as a “devices and services” company and today it took a very big step in that direction by buying, you guessed it, Nokia’s mobile devices and services division.
Via Russ Bergeron
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Mortgage Affordability Tilts In Favor Of Nonconforming Loans For First Time Ever

Mortgage Affordability Tilts In Favor Of Nonconforming Loans For First Time Ever | Real Estate Trending | Scoop.it
The average interest rate for a 30-year fixed-rate conforming mortgage last week was 4.73 percent while the average for a jumbo 30-year fixed-rate mortgage was 4.71 percent, according to the Mortgage Bankers Association.
Via Russ Bergeron
REtrending's insight:
This is great news for SoCal!
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RealtyTrac U.S. Home Equity & Underwater Report

RealtyTrac U.S. Home Equity & Underwater Report | Real Estate Trending | Scoop.it
“ 10.7 million residential homeowners nationwide are deeply underwater, but another 8.3 million homeowners are on track to have enough equity to sell sometime in the next 15 months”
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All-cash deals on the rise?

All-cash deals on the rise? | Real Estate Trending | Scoop.it

RealtyTrac data released today shows that 40 percent of all home sales in July — including single-family homes, co-ops, condos and townhomes — were made without a loan being recorded, up from 35 percent in June and 31 percent in July 2012. 


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realtor.com® Vote

realtor.com® Vote | Real Estate Trending | Scoop.it

In a nearly unanimous vote today, the National Association of REALTORS® Board of Directors approved recommendations that will help realtor.com® compete head-to-head with third-party listing aggregators on building a comprehensive site, including more unlisted new homes and rentals.


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