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Housing Market reacts to 4.8 Million New Jobs in June

Posted on July 6, 2020 by Anthony Vulin in Market Update, Real Estate, Uncategorized

In a big surprise this week, U.S. employers added a much-larger-than-expected 4.8 million workers to payrolls last month. According to data from the Bureau of Labor Statistics, the U.S. unemployment rate also fell to 11.1 percent. Market reaction was swift from U.S. housing industry association experts on the surge in job creation in June 2020.  […]

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How Resilient Is the Housing Market?

Posted on June 29, 2020 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

The housing market is recovering much faster than most other sectors in the economy in the current recession. But will it last? Unemployment remains high—at around 13%—and economic forecasters predict unemployment likely will remain elevated for the remainder of the year. However, economists believe housing will be able to weather most of the economic storm. […]

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Housing Market Looks Promising After COVID 19

Posted on June 25, 2020 by Anthony Vulin in Uncategorized

Now that the economy has begun to re-open, it is worth taking a a look at how ready its elements are for growth. It is especially encouraging that home building has a firm basis on which to recover from the recent troubles, not in every city and region, of course, but nationally. Critical is the […]

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Los Angeles has a program to help renters if you get an eviction notice or can’t pay rent due to coronavirus

Posted on June 16, 2020 by Anthony Vulin in Uncategorized

Businesses are slowly reopening across Los Angeles, but unemployment countywide is at a record high of 19.6 percent, and renters are trying to figure out how to pay rent.  In a city where more than 60 percent of households rent, local lawmakers are working to help tenants. The city of Los Angeles has passed a couple of emergency […]

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Discussing California’s Real Estate Market

Posted on June 2, 2020 by Anthony Vulin in Uncategorized

Real estate industry experts discuss California’s real estate market. The conversation focuses on the Bay Area and Southern California markets.  What changes have you seen in the last month?  We have seen a change in the velocity of the market. Not the demand, but the velocity, in two different ways. Without “broker’s preview tour” or […]

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California home sales prices edge up during Coronavirus lockdown

Posted on May 27, 2020 by Anthony Vulin in Uncategorized

Illustrating the chilling effects of the coronavirus crisis has had on the housing market, data released Tuesday show that Southern California home sales fell 26.6% in April compared with a month earlier, while year-over-year sales were down 31.5%. The data reflect residential transactions that closed last month, meaning many opened escrows just before or in […]

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What Home Buyers and Sellers Can Expect in 2020, as Pandemic Revises Forecast

Posted on May 19, 2020 by Anthony Vulin in Uncategorized

There are so many ways in which 2020 is not turning out the way most Americans expected. In terms of real estate, we were hurtling toward a busy spring season. All the economic indicators looked strong, boosting buyers to battle it out for a limited supply of homes. But then the coronavirus pandemic swept across […]

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Tools that can help if the coronavirus epidemic has you worried about your mortgage or rent

Posted on May 11, 2020 by Anthony Vulin in Uncategorized

The health and economic impact of the spread of COVID-19 has been devastating, and there is still no end in sight. More than 30 million Americans have applied for unemployment since the outbreak of the pandemic, a number that is likely to continue growing. Savings and retirement nest eggs are vanishing as the stock market collapses. […]

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Despite the Coronavirus, Home Prices Are Still Rising—for Now

Posted on May 5, 2020 by Anthony Vulin in Uncategorized

Home sellers can take heart. Despite the fervent wishes of buyers, home prices are ticking up during this coronavirus crisis—instead of down. In a surprise, the median home list price rose 1.6% annually in the week ending April 25 compared with the same week a year ago, according to the most recent national data from realtor.com® looking […]

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Coronavirus Impact On The Housing Market

Posted on April 21, 2020 by Anthony Vulin in Uncategorized

Few homes look their best in the dirty grays of late winter, which is, in part, why homebuying season coincides with the arrival of spring. This year, however, the crocuses that can make a house look that much nicer are showing up alongside the less reassuring news of a virus circling the globe. The spread of […]

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