Good News: Economy and Jobs Up, Good for Real Estate
Wall Street hit a record high, crossing the 15,000 mark for the first time. Plus, the standard and Poor’s 500 broader market measure went over 1,600. Just in the first hours of trading this morning on Friday May 3rd, the Dow Jones industrial average surged 173 points to break the 15,000 mark to 15,004, which was a gain of 1.2 percent overall. With the S&P index jumping 20 points, or about 1.3 percent, to 1,618, it was the first time in 13 years the broad stock-market index broke through 1,500. As far as jobs go, the government declared an addition of 165,000 jobs in April, which is well more than expert economists predicted. More jobs were created in February and March that have been estimated as well. The unemployment rate dropped to 7.5 percent, which is the lowest it’s been in four years. That’s good news!! So, as a potential investor in real estate, it’s time to take charge of […]Read More
Pending Home Sales Hit Highest Level in Three Years
In March 2013, pending home sales reached a level not seen in three years, showing yet another good sign for the housing market. The Pending Home Sales Index rose from 104.1 to 105.7 from the previous month, surpassing even the experts’ predictions. It was the 23rd straight month the index has seen a year-over-year increase, so we’re seeing a very solid trend that signifies a solid movement in the housing market. The last time it was this high was in April 2010, which was largely due to people scrambling to sign contracts before the expiration of a home-buyers tax credit. So you can presume that even those numbers were skewed, so the last true high number may go further back. Every week we hear about these number trends that suggest a renewed housing market, so it’s important to understand how significant this is as a home buyer or seller. These days, there are very few promises for investors, and people […]Read More
Here’s a Solid Reason to Live on the East Side — The Taste of the East Side!
If you looked at that and fell out of your chair with excitement…I’m sorry. I hope you’re not hurt or anything. Once you get back up, click here and let’s talk about getting you an awesome home on the east side of Los Angeles. Here’s a little secret for you….there are cool events like this ALL THE TIME in hoods like Los Feliz, Silver Lake, Highland Park, Echo Park, and Franklin Village. We love our fairs and street food over here, and can’t wait for an excuse to throw down together. You should be a part of that, right? Contact the LA Home Girl, and we’ll get you where you belong.Read More
Foreclosures Down Significantly in California
With new California foreclosure laws in effect, the foreclosures across the state have plunged in the first quarter to levels not matched since the last time we had a housing boom. That is a VERY GOOD sign for both buyers and sellers, and it’s time to take action. On a drop of over 50% from the previous quarter, lenders filed 18,567 mortgage default notices on California houses and condominiums throughout the first three months of this year. That’s a 67% drop from the first quarter of 2012! These numbers are being attributed to a stronger economy and the government interventions that were designed to limit foreclosures. A big role was played by a series of new laws backed by Atty. Gen. Kamala D. Harris that placed new regulations on foreclosure practices. With the rising economy, a recovering housing market, and a few government regulations, we’re seeing some awesome numbers for everyone in the real estate world. You should seriously consider […]Read More
Silver Lake, Hollywood Hills Show Positive Numbers
In addition to Highland Park being a hot neighborhood to buy homes, Silver Lake and the Hollywood Hills have seen a steady increase in home price median, which no doubt suggests a rise in market value that coincides with the current surge in Southern California and in the nation. Southern California has one of the best performing housing markets currently in the nation, logging the highest February homes sales in six years, according DataQuick. The median home sale price went up 21% from the year before in Southern California, making it the 11th straight month showing a rise in median price year-over-year. If that’s not a good trend, I don’t know what is. With Silver Lake and Hollywood Hills experiencing median price increases, and Highland Park battling for the hottest neighborhood in the nation, we know these trends are close to home on the east side of Los Angeles. Neighborhoods like Los Feliz and Echo Park saw minor median price decreases […]Read More
Tax Day Deals on the East Side of Los Angeles!
I know you might be bummed about Tax Day, but we here at The LA Home Girl are all about turning a frown upside down, helping you make the best of any situation. How about some sweet tax day deals for those folks over here on the East Side of Los Angeles. I think you’ll be surprised at how good some of these deals can be! So how cool is the East Side of Los Angeles, with all these great deals on Tax Day? Maybe you should live over here…contact the LA Home Girl! Here are Today’s Deals below: LOCATION: BIGFOOT LODGE, 3172 Los Feliz Blvd THE DEAL: The Tax Day Daquiri (rum, simple syrup, and lime) ONLY $1.00 from 7-9 PM LOCATION: The Thirsty Crow, 2939 Sunset Blvd. THE DEAL: Refund Rum Old Fashioned (Zaya Rum, bitters, sugar) ONLY $1.00 from 7-9 PM LOCATION: The Bowery, 6268 Sunset Blvd. THE DEAL: FREE well drink with lunch and appetizer, or dinner!Read More
Hottest Real Estate Hoods, Right in our Back Yard
Some of the hottest neighborhoods for real estate are right here in Los Angeles — true sign that not only is the housing market nationwide coming back with a vengeance, but that Los Angeles is leading the charge. Many people think that California is a bad real estate market because they hear horror stories about the economy, but it couldn’t be further from the truth. According to Redfin, Los Angeles and the state of California dominate the list of hottest neighborhoods to watch for real estate nationwide. In the top ten of neighborhoods to keep an eye on for real estate all over the nation, 8 out of 10 are in California!!!??? And 4 out of 10 are right in LOS ANGELES!!!! Sorry about all the exclamations, but we here at the LA Home Girl are pretty darn excited about this. The homes in these neighborhoods are still relatively affordable, and according to the experts, we’re expecting to see a […]Read More
Highland Park is Hottest Neighborhood for Real Estate, Not Just in LA
That’s right, Highland Park is making some serious noise in the real estate world, as Redfin called it one of the hottest real estate neighborhoods…NATIONWIDE. In Los Angeles Magazine, it was listed as one of three hottest hoods in the city. Also, LA Weekly called Highland Park the “New Echo Park”. So what does all of that actually mean? In brief, it means that Highland Park has great prices for homes, it’s been showing great progress, and the potential for the neighborhood is very positive. The area is attracting a similar vibe as Echo Park did just five years ago, with records stores, wine shops, and art galleries popping up. York Boulevard has become a great cultural center for Highland Park, with tons of great places to eat, drink, and shop. The Highland Park city council also recently announced a pedestrian-friendly greening plan. The main thing you need to know as someone who might be looking for a new home […]Read More
Our Local River is Getting a Facelift! Wait, What River?
The Los Angeles River runs through it. “It” being the east side of Los Angeles, most notable for its foodie, hipster locals who pride themselves in social awareness and environmental consciousness. Yet, the Los Angeles River that juts its way through the east side along the 5 freeway, splitting up Atwater Village and Silver Lake, is a river most notable for its un-river like qualities. The Friends of the Los Angeles River are out to change that, aiming to make the Los Angeles River a place that our neighborhoods can be proud of, and maybe even give us yet another reason to boast about how wonderful it is to live over here on the east side of Los Angeles. FOLAR has been organizing a river cleanup for years, and they have one coming up on May 18th. On this cleanup day volunteers will clean up 15 river sites, including Los Feliz Blvd and Fletcher Dr locations. What is exciting about […]Read More
Foreclosure’s Down Nationwide, Best Since 2007
Yes, our housing market continues to give us good news, so I’d love to share the latest with you. As someone looking to either buy or sell a house on the market today in Los Angeles, make sure you pay attention to what is happening, read the information below, and contact The LA Home Girl, your local and highly respected Keller-Williams real estate agent. Last month, foreclosures nationwide continued to fall at a steady pace, solidifying that momentum we in the business keep talking about. Homes already involved in foreclosures have decreased about 21% since February 2012, and a 1.8% drop even from the month before in January 2013. The reason such good news matters to all parties involved in real estate is simple. Sellers obviously prefer less foreclosures because it helps the prices of homes, and more importantly increases the confidence in the home buyer. The reason buyers benefit from the decrease in foreclosures is because it’s a clear […]Read More