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What’s #Trending In May

It’s hard to believe we are almost half way through 2014 – where does the time go?  Well you won’t want to waste any time this May as there are so many events, concerts and fundraisers in the City of Angels. Musical performances from the iconic Billy Joel, jazz legend Branford Marsalis and legendary performer read more

Popularity Of Pocket Listings On The Rise

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Pocket Listings: Describes a property that is not listed on the local MLS service. A pocket listing is an agreement between the seller and the realtor through the broker’s “network” and buyers are targeted by what is essentially “word of mouth”. Without exposure to the overall buying market the seller may not receive the highest read more

SoCal Home Prices

Southern California home prices are at their highest level in six years. The median price of a house rose from $383,000 in February to $400,000 in March of this year – the market’s’ highest level since February 2008 according to DataQuick which tracks real estate data. Home prices are up 15.8% over March 2013, but read more

Too Many Buyers & Too Few Sellers Are Pushing Prices Up

While the housing market in many parts of the country is slowly trudging back to pre 2008 stability, the luxury market is the polar opposite. According to Bank of America/Merrill Lynch, home sales in the $1 million plus category rose 14.4 percent over the past 12 months in stark contrast to properties valued at less read more

2014: A Good Year For Housing

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According to the Realtor.com National Housing Trend Data for March, 2014 is expected to be a healthier market than the early buying season in 2013. The data indicates that this buying season there will be more homes on the market, which is very big positive for buyers, and in particular first time buyers who may read more

Only 12% Of Homes Are Available For LA’s Middle Class

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New data from real estate database Zillow suggest that a household with two median incomes can only afford about 12 percent of the homes on the LA Market. Compare this to households with just one individual earning a median salary; these individuals are only able to afford about 1 per cent of homes in LA. read more

Young Adults Having A Difficult Time Becoming Homeowners

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The US real estate market has grown and showed signs of improvement over the past few years, but not everyone is having an easy time when it comes to buying a home. Employed, young adults, ages 25-to-34 years old are viewed as prime candidates for home ownership, but because high mortgage rates, employment issues, and read more

Los Angeles Is Growing

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Anyone who has lived in L.A. for more than any length of time can attest to its rapid and continual growth in development and population.  Where are all these new Angelinos coming from?  According to a new infographic by Spokeo Nevada and Arizona are the two biggest contributors, followed by Chicago, New York and Brooklyn read more

Affluent Chinese Buyers Boosting LA Housing Markets

According to the Huron Report (a leading luxury publishing and events group) the United States is the number one destination to relocate to for more than 60% of China’s wealthiest residents — and many of them are calling Los Angeles home. LA area homes are in high demand for wealthy Chinese buyers, and in many read more