Sales Up, Mortgages UP, HURRY!
There’s a tight window forming here for buyers, and you might want to take advantage. Home sales are up, with numbers in July climbing 17% higher than the year before in the same month, and 6.5% from the previous month. However, mortgage rates are moving up as well, which is going to decrease the number of buyers who go out there looking for a new home. The mortgage rate will likely go up more in the next few months, but the amount of buyers will go down, so it is possible prices will stay low over the next few months due to less demand. If you’re in a position to buy a home now with a mortgage, it’s a good time to take advantage of a slowing in buyers and a mortgage rate that will only get higher soon. If you’re interested in taking advantage of this window of opportunity, or if you’re just interested in learning more about the […]Read More
Map it Out! — Southern California’s Housing Recovery Map
The housing recovery has been widespread across Southern California, with many varying levels of median sales price fluctuations. Below you’ll find a link to an interactive map provided by the LA Times to see what neighborhoods have experienced the most/least housing market recovery around Los Angeles and Southern California, from bottom to 4th quarter in 2012. Also below is our link to the MLS map search, where you can find homes available using a local map. Try comparing both maps, it might help you narrow down where you’d like to buy a house. Remember, the LA Home Girl makes buying a home super easy, and we specialize in new home buyers. So drop us a line or give us a call, and we’ll help you get started. Housing Recovery Map: http://www.latimes.com/business/realestate/la-fi-recovery-markets-map-20130308-dto,0,7204398.htmlstory LA Home Girl’s MLS Map Search: http://www.lahomegirl.net/idx/index.php?main=map Kenya Reeves-CostaKeller Williams Realty Los Feliz1660 Hillhurst AvenueLos Angeles, CA 90027 Office: 323.300.1115Fax: 323.446.7415Read More
You Know It’s True! Silver Lake Named Best Big-City Neighborhood
CNN Money recently deemed Silver Lake the best big-city neighborhood in the country! Well, Park Slope in Brooklyn was considered #1 technically, but I’m sure CNN Money meant to call it a tie, because remember…Brooklyn has winter. Some of the main points that CNN Money’s article called out for Silver Lake should really be important factors for anyone considering buying a home in this super solid hood on the east side of Los Angeles. (If you’re looking for a house in Los Angeles, and you are NOT at least considering buying a house in Silver Lake, please check your pulse) THE RESEVOIR The first thing talked about in the CNN Money article is the two-mile jogging path around the reservoirs in Silver Lake, which they called a perfect “snap shot” of Silver Lake. It’s beautiful, convenient, and a great place to see the wonderful people of Silver Lake. #CelebritySightings #HotPeople GRIFFITH PARK Silver Lake is super close to the 4,200 […]Read More
Warm Summer Week Ahead, Griffith Park Calling Your Name
It’s going to be a warm week, with temps in the mid-80’s and plenty of classic SoCal late summer sun. How do you enjoy this great weather without going crazy in traffic to the beach? How about it a quick jaunt to Griffith Park? If you’re interested in living near Griffith Park, you need to contact the LA Home Girl, and we’ll hook you up. Here’s a list of activities you can do at Griffith Park: Tennis Griffith Park boasts 3 tennis court locations. 2 fee-for-use courts and one first come, first served court. The first fee-for-use court is located on Riverside Drive just south of Los Feliz Blvd. They charge $8/hr between the hours of 5 to 9:30pm on weekdays and 9-9:30 on Saturday and Sunday. But if you go before or after hours you can play for free with the lights on when dark. They have a pro shop on site which is open during regular business hours. […]Read More
How to Prepare Your House for Wildfire Threats
We’re deep into the wildfire season here in Southern California, and we’ve already faced some devastating property and human damage. We here at the LA Home Girl would love to find you a new home, or help you sell your current home, BUT we also want you to protect the home you love for years to come. Here are some tips to help prepare your home for wildfires. -Shut your windows to protect against flying embers -Open the fireplace damper to ventilate the house, and prevent deadly gas and smoke from pooling inside the house. -Shut off the gas and propane lines. DO NOT SHUT OFF THE WATER OR ELECTRICITY -Turn your lights on to assist firefighters in telling the difference between drifting smoke and roaring flames. You can also do some landscaping around your house that can assist in preventing the spread of wildfire to your home. (Illustration by Merce Iglesias, courtesy of Popular Mechanics)Read More
Mortgage Options Changing, May Increase Costs
With the housing market recovering, the Obama administration is considering “winding down” the involvement of Freddie Mac and Fannie Mae. For years these institutions have been in place to provide government assistance to home mortgage seekers, but have always had a shelf life. That time is coming soon. While there theoretically will be a leveling off of rates once the market works together with the private mortgage companies, it’s important to understand the possibility of a major spike in mortgage rates once Fannie Mae and Freddie Mac’s involvement officially winds down. With that being said, it might be a good idea to take advantage of the current situation and mortgage rates, along with an ever increasing median home cost. If you’re interested in finding out more about the ever-changing, ever-improving housing market, and to look at some amazing homes available to you in the Los Angeles area, make sure you contact the LA Home Girl. Feel a little dumbfounded by […]Read More
Random Awesome Things to do in Los Feliz
Hey people, you may have heard, but Los Feliz is pretty rad. You should check it out. Here’s a list of some random awesome things to do in Los Feliz. If you think you just might fit in Los Feliz, and maybe would like to buy a house in this amazing neighborhood, give us a jingle at The LA Home Girl. Enjoy the Awesomeness! #classiclosfeliz The Little Free Library — There’s a #littlefreelibrary at 4317 Russell Ave! Have you ever seen one of these things? It’s adorable, and if you’re a fan of reading, and free stuff, you should check it out! It’s a great example for your kids, both for promoting reading good books, and philosophy-wise. Wine Tastings at Barnsdall Park — During the Summer, every Friday Night go get your wino on at Barnsdall Park. All profits benefit the Barnsdall Art Park Foundation. Make sure you get your tickets early, they sell out fast! Farmers’ Markets! — Did […]Read More
Mortgage Rates Level Out, Home Prices Rising
Some good news, the mortgage rates have leveled off. In fact, some rate averages have shown signs of decreasing, which is great for the home buyer right now. The rising mortgage rates have had a double-edged effect on the market, with some buyers scrambling for purchase mortgages to get a reasonable rate before they increase even more, but rising mortgage rates have also reduced the demand for refinancing. Now, with the numbers leveling off and even showing decreased rates, combined with still steadily increasing home prices, it’s important to understand just how good of a time this is to buy a house — because all signs are pointing to higher mortgage rates and higher prices. There are neighborhoods in the Los Angeles area that have experienced some pretty remarkable transformations over the past decade or two, and some are even finding themselves onto national lists that find some of the best cities and towns for buying real estate. Usually they […]Read More
Soaring Home Prices in California, Major Happenings!
In June of this year, housing prices increased by more than 30 percent, and that’s with a slightly rising inventory as well. This is more than an encouraging sign for the housing market. Recently, prices have been going up, marking a great trend for home owners and buyers as their investments began to show signs of profit, and at least a return to even, and home buyers are recognizing the recovery and chomping at the bit to buy new homes. However, the inventory was still low because many home sellers were still waiting out changes in the market, hoping for even more home price increases. Well, they got it, and now we’re looking at a VERY promising summer of good prices, steady increases, and a strengthened inventory of houses going up for sale. It should be a fantastic summer and fall for the housing market here in Southern California. If you’re interested in jumping on the wave and getting a […]Read More
Time for a Pool, Right?
We’re in the middle of summer here in Los Angeles, and it’s been a hot one already. What will August bring? Many of us enjoy our nice, small cozy apartments during the cooler months, needing just a window open in the stuffy kitchen to keep it cool at night. However, once May, June, July, August, and September hit…that little window just doesn’t cut it. So a pool would be awesome, right? There are tons of great houses around Los Angeles available for an affordable price right now WITH POOLS! Check out these listings so you can see what we’re talking about. Maybe a pool is not your thing, or you just aren’t interested in having a place with a pool, but still like to be cool? How about a nice patio and umbrella, or a beautiful shaded courtyard? Or maybe a bunch of windows facing towards the ocean up in the Hollywood Hills or Silver Lake hills to bring in […]Read More