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Market Update Category

Good News For LA Buyers The Number Of Homes On The Market Is Going Up

Posted on December 4, 2018 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

The number of homes for sale in the Los Angeles area climbed more than 30 percent in October, nearly 30,000 homes were on the market in Los Angeles and Orange counties. That suggests the region’s sky-high home prices could continue to fall, as they did in September. During the month of October, inventory (the total number of […]

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Study Finds Wealth & Income Concentrated Among Business Owners & Landlords

Posted on November 27, 2018 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

Business owners and landlords tend to be about four times as wealthy as the average American, more than in almost any other country included in a new study. In the United States more than almost anywhere else, wealth and income are concentrated among business owners and landlords. That club, blessed by capitalism, is becoming increasingly […]

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Prop 10 Falling In Polls, Even Among Democrats As Newsom Support Holds Strong

Posted on October 26, 2018 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

The prospect of a future with more rent control laws is looking less and less likely. A recent poll by the non-partisan Public Policy Institute of California shows that 60 percent of likely voters — and majorities in all major political parties — plan to vote no on Proposition 10 on November 6. The ballot […]

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Price Reductions Hits An All Time High In LA

Posted on October 19, 2018 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

Is this a sign that the market is shifting toward buyers? Home prices in Los Angeles County have never been higher, but there are signs the local real estate market may be getting slightly more buyer-friendly. The reports find that 16.5 percent of homes for sale in LA during the month of August were listed with […]

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Home Prices Have Hit A Wall On The West Coast

Posted on October 19, 2018 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

Slow sales and supply spikes indicate that homebuyers are regaining the upper hand Home sellers have had it easy over the last few years. Housing demand has risen along with the improving economy, and home builders have struggled to build at a pace that keeps up with that demand. The result was a shortage of […]

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How Will The Federal Reserve Rate Hikes Affect Your Credit Cards, Mortgages & Savings

Posted on September 27, 2018 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

The Federal Reserve announced another rate hike Wednesday and that means higher borrowing costs for Americans. But the move should also continue to push up savings rates for bank customers who are finally starting to see some decent returns. The Fed bumped up its benchmark short-term rate by a quarter percentage point to a range […]

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Economics Has The Answers With Millennial Homebuyers

Posted on September 7, 2018 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

There’s an interesting thing happening in our housing economy right now. The next generation of homeowners — which should be the largest cohort in housing history — just isn’t buying homes as fast as they should. Millennials, those young adults in their 20s through mid 30s, are the biggest demographic in the housing market today. […]

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Brady Bunch House Offer Goes Up To Twice The Asking Price

Posted on August 13, 2018 by Anthony Vulin in Market Update, Real Estate, Uncategorized

The bidding for the “Brady Bunch” house got down to a horse race, listing agent Ernie Carswell said, but it was HGTV that ultimately pulled away from the pack. So, just how much did the cable network spend to secure the television-famous property? About twice the asking price. HGTV paid $3.5 million to buy the […]

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Inflation Strengthens Case For A June Rate Hike

Posted on July 16, 2018 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

Two indicators of inflation this week showed rising wholesale and consumer prices, giving more credence to the likelihood the Federal Reserve will continue hiking interest rates. Wednesday’s report on consumer prices showed inflation over the last 12 months is up 2.4 percent, according to the consumer price index, a metric of prices on common consumer […]

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8 Reasons Selling Without A Real Estate Agent Is A Recipe For Disaster

Posted on July 13, 2018 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

The soul-searching questions home sellers should ask before going FSBO   Let’s face it, selling a home without a real estate agent is just plain risky. FSBOs jeopardize time, money, and most importantly, an advantageous outcome. But, despite research that shows that FSBO listings sell for about 5.5 percent less than comparable properties sold through the MLS, some sellers […]

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