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...
As I was reading the LA time Sunday Business Section/Real Estate Section. One question was raised in the Ask the Inspector section C (Dec 7th,’08) as to what are the qualification to find a Superior Home Inspector? Overall the “answer man” gave a ‘poor’ response. Not a “great answer”. He went on to turn on Realtors, by saying that “good” inspectors are referred to by RE...
I have a question to all Active Rain members: What is this Speechless Sunday, wordless Wednesday? I am just wondering is this, because we are running out of words? Are we running out of Ideas? So in spite of the lack of flow of creative juices in our brains, instead of just sitting out we must put a post up, because we are in...
