L.A. real estate news and insights.
With 4,713,157 views across all my social media platforms, here is my #1 most-watched video of 2023! #repost
This is the smallest house sold in Los Angeles during one week in March.
Most of the 7,044 comments were about the astronomical cost of housing in LA and how much cheaper it is in other states. The comment section is definitely worth a read.
Stay tuned for more videos in 2024! Happy New Year!
With 2,101,640 views across all my social media platforms, here is my 3rd most-watched video of 2023!
This was about the cheapest house sold in LA during one week in March of this year. #repost
Here is the most expensive home for sale this week in North Hollywood.
This home has 5 bed/4 bath, 2,600 sq. ft. of living space, and is on a 7,263 sq. ft. lot.
The home features a 1 bed/1 bath ADU, a brand-new pool, synthetic grass, and paid-off solar panels.
Text me for a private tour at 818-445-7953.
This tiny home sold for how much?!?
This Craftsman Bungalow in West Hollywood has 1 bed/1 bath, 565 sq. ft. of living space, and is on a 2,240 sq. ft. lot.
This is the most unique home for sale in Sherwood Forest.
This Custom-built English Tudor home has a total of 7 bed/7 bath, 5,978 sq. ft. of living space, and is on a 13,502 sq. ft. lot.
The property features a main home, a guest house, an outdoor waterfall shower, and a newly renovated pool and spa in the backyard.
Asking price: $2,099,000
Text me if you want a tour: 818-445-7953.
Here is the smallest home sold this week in LA.
This tiny home has 2 bed/1 bath, 662 sq. ft. of living space, and is on a 2,925 sq. ft. lot.
Here is the smallest home for sale this week in West Hollywood.
This Craftsman Bungalow has 1 bed/ 1 bath,565 sq. ft. of living space, and is on a 2,240 sq. ft. lot.
The property features privacy fencing, a wrap-around deck, a fire pit, and a lounge area.
Asking price: $1,160,000
Text me for more info at 818-445-7953.
This is the smallest home sold this week in Los Angeles.
Asking price: $620,000
Selling price: $725,000
Here is the cheapest home sold this week in LA
This home has 2 bed/1 bath, 616 sq. ft. of living space, and is on a 2,340 sq. ft. lot.
The remodeled home features an updated kitchen, new laminate wood flooring, and a new bathroom tile and vanity.
Asking price: $449,900
Selling price: $445,000
Here is the smallest home sold this week in LA!
This home has 2 bed/1 bath and 468 sq. ft. of living space.
Asking price: $459,900
Selling price: $485,000
A large crop of unhappy homeowners is emerging after having time to settle with their hasty pandemic purchase in the last couple of years.
Buyers at the time were bidding up home prices to beat out fierce competition, and many waived the home inspection or appraisal to get the house they wanted.
But now they may regret the extremes they went to for a home: More than three-fourths of U.S. homeowners who purchased in the prior year expressed regret about their decision, according to an October survey from Hippo, a home insurance group.
The top reasons for their regret are:
-I spent too much: 30%
-I bought too quickly: 26%
-My home requires too much maintenance: 25%
-I bought a fixer-upper: 24%
-I was pressured to make an offer: 21%
-I bought sight-unseen: 17%
-I don't like my home's location: 15%
-I don't like my neighbors: 15%
-I don't like my home: 13%
This survey was conducted by Kickstand Communications on behalf of Hippo Insurance Services. Fielded between October 22-28, 2022, the results are based on 1,002 respondents.
Between mid-July and mid-August, about 95% of home sellers made updates or repairs before listing their properties, up from 71% of sellers 6 to 12 months ago, according to Realtor.com. They spent an average of $14,163.
This is the most unique home for sale in Glendale.
Asking price: $5,638,000
This tri-level home has 5 bed/4 bath, 6,056 sq. ft. of living space, and is on an 8,348 sq. ft. lot.
The home features an indoor pool, spa, sauna, BBQ area, and theater with a kitchen.
There is an expansive open deck with unobstructed views of DTLA.
Text me for more info at 818-445-7953.
At their last meeting in June, the Fed had a 75-basis point increase. That played a big part in the mortgage interest rates shooting up like crazy.
The Fed will now meet again at the end of July. Many economists predict the Fed will tighten its monetary policy further to control inflation. That could lead to another 75- or 100-basis point increase in the Fed’s short-term benchmark rate. While the Fed’s benchmark rate does not directly impact mortgage rates, it does influence them.
NAR Chief Economist Lawrence Yun said following the Fed’s last rate hike in June—its largest since 1994—that the buyer pool could shrink even further as mortgage rates increase.
