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C.A.R. releases its 2021 California Housing Market Forecast

Posted on October 19, 2020 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

California housing market recovery hinges on widespread availability and usage of effective coronavirus vaccine in early 2021.  LOS ANGELES (Oct. 13) – Low mortgage interest rates and pent-up demand from a desire for homeownership will bolster California home sales in 2021, but economic uncertainty caused by the coronavirus pandemic and continued supply shortage will limit […]

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For Sale By Owner vs Real Estate Agent – 6 Reasons why selling with a Real Estate Agent is worth it during Covid.

Posted on October 14, 2020 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

There are many benefits to working with a real estate professional when selling your house. During challenging times, like what we face today, it becomes even more important to have an expert you trust to help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale […]

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California Breaks Median Home Price Mark

Posted on October 6, 2020 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

California Realtors are reporting this week that California’s housing market continued to improve in August 2020 as home sales climbed to their highest level in more than a decade and the median home price broke last month’s record, hitting another high. Closed escrow sales of existing, single-family detached homes in California also totaled a seasonally […]

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Home equity surges as demand soars and mortgage rates stay low

Posted on September 21, 2020 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

After a brief stall in home sales at the start of the coronavirus pandemic, homebuyers came rushing back in — so fast that prices never even took a hit. In fact, the gains in prices accelerated quickly, causing home equity to soar even more.   Home equity for homeowners with a mortgage rose 6.6% annually in […]

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Mortgage Rates Hit Another Record Low

Posted on September 16, 2020 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

Just as some housing experts were predicting rates couldn’t get lower, they did. The 30-year fixed-rate mortgage reached a new all-time low, averaging 2.86% this week, according to Freddie Mac. “Mortgage rates have hit another record low due to a late-summer slowdown in the economic recovery,” says Sam Khater, Freddie Mac’s chief economist. “These low […]

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Housing Demand Boosts Home Construction

Posted on September 8, 2020 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

A surge in home-buying demand and limited inventory for existing homes is spurring construction to help fill the gap. Home builders attribute their robust sales to low interest rates, a shortage of existing homes for sale and consumer willingness to move farther from city centers in exchange for more space. New single-family-home sales rose 13.9% […]

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L.A. County home sales jumped 34.6% in July

Posted on August 26, 2020 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

Southern California’s housing market surged in July, as buyers plowed into the market despite the overall economic uncertainty. Home sales and home prices rose from June to July, according to the Los Angeles Times, with Southern California largely mirroring national trends. Sales of new and existing homes in Los Angeles County and the five others in the […]

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Mortgage Rates in August

Posted on August 19, 2020 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage averaged 2.96 percent in mid-August 2020. “Homebuyer demand remains strong, especially for those in search of an entry-level home where the improvement in affordability via lower mortgage rates has a material impact,” said Sam Khater, Freddie Mac’s Chief Economist. “Even with this […]

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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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