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Southern California housing, Slowest sales and highest prices

Posted on August 11, 2020 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

Southern California house hunters, challenged by a pandemic, bought the fewest homes in any June on record while record-low mortgage rates helped push the median selling price to an all-time high. DQ News/CoreLogic reported on Wednesday, July 22 that buyers closed purchases of 17,678 residences — existing and newly built — in June in the […]

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Los Angeles County home prices up by 4%

Posted on August 4, 2020 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

A new housing report shows Southern California home prices continued to rise in June, thanks to low mortgage rates and a constrained supply of homes for sale. Los Angeles County single-family home sellers experienced an average gain of 4% over prices in June 2019, a same-home sales comparison by CoreLogic showed Tuesday, Aug. 4. L.A. […]

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How The Housing Market Remains Strong in Southern California Q&A

Posted on July 31, 2020 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

Southern California’s real estate market has seen its share of ups and downs in recent years.Dealing with the initial effects of the coronavirus pandemic on the housing market. We had questions answered on what the pandemic means for buyers and sellers no matter what their income bracket is.  Has the pandemic tanked the real estate […]

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Average U.S. mortgage rate falls below 3% for the first time

Posted on July 20, 2020 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

The average mortgage rate fell to 2.98% this week, breaking the 3% threshold for the first time, as investors concerned about a resurgence of the COVID-19 pandemic fled to the safety of the bond markets and the Federal Reserve continued to scoop up securities backed by home loans. The average rate for a 30-year fixed mortgage fell to the […]

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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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