Home Sellers Finally Getting the Right Price
For a long time home owners wished they could sell their home, but couldn’t because the sale price has been less than the money they owed the bank. It happened to millions of people over the last several years, and it can be heart breaking at times. Times are changing. Now we’re hearing tons of stories about home owners finally being able to sell their home for a good price, to be able to pay off the bank, and eventually move to the home or location they’ve always dreamed about. This is a clear cut sign of recovery, with home prices soaring to the highest levels in seven years. For sellers, the weight has been lifted. It’s time to move on. Congratulations! For buyers, now is the time to get the process moving in the right direction. It’s time to get that new home. Prices are on the up and up, and before you know it, the price increase may […]Read More
That Moment When You Realize Your Back Yard is Too Small for Your Grill
This weekend was great in Los Angeles, with fireworks, back yard grilling, fireworks, street fairs, more fireworks, and even some skywriting! Did you see that? Maybe that will be a trend for advertising these days, anybody want to donate some dough so the LA Home Girl can do some skywriting? Let’s get back to that back yard grilling idea. Did you find yourself hosting a back yard grilling shindig, but then realized you don’t have enough space for people to hang out? Or maybe not even enough space for your grill? Or maybe no back yard at all? How about by next Fourth of July, you get yourself a proper back yard for some true outdoor grilling and partying. In fact, let’s get you a back yard by Labor Day! Holler at the LA Home Girl so we can help you get set up for some summer fun in your new backyard or patio. Trust me, now is the time […]Read More
Where to go for Los Angeles Fourth of July Celebrations
Hey all, happy Independence Day! Here are a few celebrations in the area taking place this week. Have fun, be safe, and remember to contact LA Home Girl if you’re interested in buying a new home. 4th of July Block Party When: July 4, 2013 — 3:30 PM to after fireworks Where: Grand Park Address: 200 North Grand Avenue, Los Angeles, CA 90012 What: Picnic celebration downtown with music, poetry slam, and fireworks. 4th of July Celebration at the Rose Bowl When: July 4, 2013 — 2:00 PM Where: Rose Bowl Address: 1001 Rose Bowl Drive, Pasadena, CA 91101 What: Music, food, motorcycle stunts, and fireworks. Josh Groban July 4th Fireworks Spectacular When: July 3rd and 4th. Where: Hollywood Bowl Address: 2301 North Highland Ave, Los Angeles, CA 90068 What: Fireworks and Josh Groban at the Bowl!Read More
It’s Getting Hot. Need AC or a Pool? Time for an Upgrade!
If you’re tired of using your freezer to cool you down, or the window unit just is not cutting it, maybe it’s time to upgrade your living situation from your stuffy and hot apartment or house, to a beautiful new home with AC and/or a pool! It’s not as crazy as you might think. The housing market is great right now for purchasing a new home. It’s a great investment, much better than throwing your money away renting a place. You can find amazing homes in great neighborhoods in Los Angeles like Highland Park, Silver Lake, Echo Park, Los Feliz, Hollywood Hills, or even Downtown — all for reasonable prices and practically a guarantee the home’s worth will go up AFTER you buy it. Mortgage rates are still low, but those are rising as well, so you better act fast before the housing market really blows up. Imagine dipping in your pool to cool off, or just flicking on that […]Read More
Bank Loans Coming Easier, Continued Spike in Home Sales
We’re starting to see trends that are reminiscent of the housing boom, from the side of home sales, and from the side of bank loans. The “piggyback” financing refers to a two-mortgage deal designed to minimize the cost of the down payment, which many people these days are struggling to be able to afford after the recent economic downturn. They were very popular during the housing boom, but “Piggyback” financing essentially disappeared after the mortgage meltdown put the fear in banks and regulators. A year ago, a loan combination like this would have been unheard of, but there have been reports of “piggyback” financing successfully going through. According to Alejandro Lazo of the Los Angeles Times, a Manhattan Beach town house using a “piggyback” loan option closed for $905,000. So no small down payment there, but a good sign for those who wish to take advantage of the market now, and possibly gather loans to be able to do so. […]Read More
Home Buyers are Buying, Home Sellers are Selling!
Nationwide sales increased to the highest level in nearly four years, sending prices up a little, but ramping up the quality of the market and the potential future of the market exponentially. Lawrence Yun, chief economist from the National Association of Realtors said, “The housing numbers are overwhelmingly positive”. An inventory remaining on the small side, low mortgage rates, and an improving economy have created a much appreciated double-digit price gain, assisting a turn around in the housing market resulting in a true economic bright spot. As a home seller, this probably sounds good to you, with the median price rising and with plenty of buyers out there, and that’s totally true. For you buyers out there, you need to look at this as not just a good sign for the economy, but a GREAT sign for YOU as a home buyer. It’s time to get out there and snatch up your dream home before the prices rise even more, […]Read More
Best Neighborhoods to Live in Los Angeles: Silver Lake
If you’re looking for some of the best neighborhoods to buy a new home in the Los Angeles area, Silver Lake should be near the top of the list. It’s considered one of the hippest hoods in the city, and some would argue in the entire country. It’s an awesome blend of artists, boutique shops, great restaurants, wonderful parks, spectacular hillside views, and wonderfully laid back people focused on living in a welcoming and fun community. Here is some more information on Silver Lake. If you’re interested in checking out what’s available for homes in Silver Lake, click here. Otherwise, contact the LA Home Girl to learn more about one of the best neighborhoods to live in Los Angeles. Community Statistics Population: 35,169 Median Age: 34.25 Median Household Income (2009): $52,354 Median house value (2009): $692,099 Points of Interest Silver Lake Reservoir Composed of two basins, with the lower named Silver Lake and the upper named Ivanhoe, the reservoirs […]Read More
Sales Up, More Houses Will Become Available
If you haven’t already heard, California is experiencing a significant housing recovery. Median prices are on the rise, and still many sellers have been hesitant. However, with an increase in home sales recently, expect to see more sellers hit the market. So what does that mean for you as a buyer? Basically, more houses available, and a continuing trend of price increases combine for the perfect time to buy a new home. With more becoming available, that simply means you’ll have more to choose from, so you can find that perfect new home. Also, with more homes hitting the market, the price increases will level off temporarily as tons of sellers start to realize more people are ready to buy homes now. That way, once the inventory grows, the prices will level off for the buyer, but the market will continue to grow steadily. After an influx of new homes are purchased, then the inventory will go down and your […]Read More
Invest in Los Angeles Real Estate While You Can Afford It!
Recently, the median price for homes for sale in the six-county wide Southland around Los Angeles reached $368,000. That’s a 24.7% increase from the same month just one year earlier, and it’s the highest median home price in the area in FIVE years. You need more proof that the real estate market around Los Angeles is booming? How about 23,034 sales in the month of May? That’s the highest number of sales for a May month in SEVEN years, all according to DataQuick as reported on Tuesday, June 11, 2013. “Historically low inventory and mortgage rates have ignited bidding wars and helped turn the housing market into an economic bright spot — in the Southland and nationwide”, said LA Times real estate writer Andrew Khouri this week in response to the DataQuick numbers. He credits investors for playing a major role in the massive recovery and surge in the Los Angeles housing market, for purchasing low-cost properties and fixing them […]Read More
Dodger Fans are Experiencing Puig-Fever Live Near the Action
Just a few days ago the Los Angeles Dodgers brought Cuban Yasiel Puig up to the lineup to lead off and play right field. In about a handful of games, he has multiple home runs including a grand slam, and some pretty amazing throws from the outfield showing off an electric arm. There is a massive amount of buzz around this rookie, giving Dodger nation a serious kick in the pants. Walking around the Echo Park and Silver Lake area, it’s amazing how many more dodger hats and hoopla are popping up in just a week. If this guy stays healthy, and the Dodgers get some other starters back from injury, you’re going to see a Clippers-Esque following form over here on the east side of Los Angeles. Just last night at the game against the Braves, a group of young twenty-something hipster fans in the right field bleachers amped up the crowd with some energetic efforts to start “the […]Read More