As I mentioned in my previous Market Report (#5 Part I) we shall do an analysis of 2008 and how it fared with 2007. The numbers are in. So let us look at the statistics.  From January 01, 2008 to December 31 2008 we had 195 Condominiums that were sold.  The most expensive sale was $2,600,000 directly on the beach, not a penthouse...

Well here we are 2008 is in the history books now.  Last night as I stopped in to visit one of my clients to wish them a prosperous New Year, they informed me, that we even “added an extra second” to 2008. I am sure it did not help with last years numbers.  As promised last month, I will do the Market Report in...

  As the year is coming to a close, we need to reflect of what is going on currently in the Real Estate market in Southern California.   Looking at the current state, price of homes are down anywhere from 20% to 45% depending which Micro Market area you are looking at compared to 2007 prices.  As a consumer you should be jumping from joy,...

 I was reading, recently in one of my internet browsing, that the GSE’s are considering allowing some borrower to refinance without the use of an updated appraisal. WOW, that has scared the daylights out of me.  So if you do not know what a GSE is let me explain. They are a hybrid form of a Corporation, designed to take privately provided capital to...

As I was reading today’s LA Times (business section  dated December 18,2008) I was just amazed at the brilliant move of Real Estate developer Michael Rosenfeld.  The RE Market is in a downturn and more then likely at the bottom, he in turn is Planning to demolish the Century Plaza Hotel and develop in it’s  place two 50-story towers, with a pedestrian- friendly area. ...