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. ...
As the land buying and selling community knows, I am one of the Top Land Listing & Selling Realtors in the greater Los Angeles area. Not trying brag, just stating facts. I have sold more vacant land from Mt. Washington to Malibu then any other Realtor in the past twelve year’s period. Selling Land in today’s Real Estate Market has its own challenges. There...
