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The Market

Despite COVID-19 Homebuyers Are Buying

LendingTree, an online lending source, found that 53% of home buyers are more likely to buy a home in the next year, due to the coronavirus outbreak. This is especially true for first-time home buyers...

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Fewer Homes Sold in April – Prices Rose

Fewer homes sold last month across The Southland, but the Coronavirus pandemic didn’t bring Southern California’s prices down. According to an article just out in the L.A. Times, sales dropped 35% month-over-month in L.A. County—more than...

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Is the high-end overheated?

In case you were worried about them, the ultra-rich are still buying homes. In March and April combined, L.A. County recorded 82 home sales of $5,000,000 or more, including 14 transactions north of $10M. In the same period of 2019, 85 resident...

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Virtual Reality

I took time over the last couple of weeks to shoot and add virtual tours to my property listings that were without them; apparently, an effort not in vain. According to the National Association of Realtors, 25% of Realtors with buyers who wrote...

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Why get ready to jump now?

Earlier this week, homebuyers found rates on 30-year fixed-rate mortgages more than an entire percentage point below where they saw them last year at this time. The difference between 2019′s 4.5% and today’s 3.25% can greatly reduce the mon...

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Keep calm and carry on (with your real estate plans)

Earlier this week, mortgage rates moved to historic lows: 3.375% is being offered on a 30-year fixed Jumbo (up to $3,000,000) and 2.750% on a 15-year fixed conforming loan up to $510,400 (3.125% is offered on a 30-year fixed conforming loan). T...

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Into the Weeds

As more states relax marijuana laws, these legal changes are affecting the real estate industry on multiple levels, according to a new National Association of Realtors (NAR) survey released on Tuesday. The “2019 Marijuana and Real Estate: A B...

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Is Luxury on the Rise?

According to a report out this week, many rich home buyers laid low in 2019, as economic uncertainties turned purchasing in some cities into risky propositions. But don’t be surprised in 2020 to spot the world’s wealthiest people beginning ...

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Years of Pain in L.A.’s Rental Market

If you’re a renter in 2020, you may be paying more per month than you would if you owned your own home or condo. According to a new study from listing service RentCafe, the average rent in Los Angeles has ballooned to $2,527, a whopping 65% i...

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