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April ended on a high note, as buyer activity, and home prices remained extremely strong. Inventory remained low, as regular sales filled the market in place of foreclosed and short sale properties.
The Wall Street Journal reported nationally that prices increased 9.3% from March 2012 until March 2013 and 14.5%…
CNN is reporting that the number of homes lost to foreclosure is returning to level not seen since before the house meltdown. They note that foreclosure filings during the first quarter fell 23% from the prior year, making it the lowest level since the second quarter of 2007.
In…
Buying a home is expensive, right? Not so… renting is more expensive! In fact, today, a new Trulia study shows that it is 44% cheaper to buy versus rent nationwide.
To determine this, they factor in the average rent and sale prices for an identical set of properties, calculate initial…
This short sale approval is based upon market prices from several months back. Since then, values have gone up. This is a unique opportunity to get a property under market value!
One of the most pressing issues we encounter in real estate is how the recent price spike will play out. Certainly prices have jumped 10-30% in 6 months as buyer demand has skyrocketed. The looming unknown is interest rates: They will go up, but when, and by how much? The…
Pocket Listing – Gorgeous West LA Condo!
1271 Granville Ave #303
Hard money is a funding device that few investors use, but in today’s competitive market, it could become a valuable tool for expanding price points, and expanding opportunities to buy.
Hard money is a loan that is made through a different set of criteria than traditional bank financing. It is…
We recently reported that December home prices jumped nearly 20% in Southern California, back in December. A new Bloomberg article provides further evidence for a turning real estate market.
There has been a plunge in U.S. home listings to a 12-year low, which is driving up home prices. In fact,…
You’ve probably seen the “deal of the week” – that one short sale that is priced so low, that you can’t believe your luck! Yet, when you ask me to make an appointment, I am unable to… What’s going on?
Many short sales are fraudulent sales, where the seller, broker,…
For a lot of rental property owners, the last 6 months have been especially wonderful, with prices going up statewide by almost 20%. The price increase at the entry level point of the market (under $250,000) has been even more pronounced – with some areas jumping 40% in value.
This…
