The emergence of the so-called Negative Interest Policy (referred to as NIRP by the financial talking heads) in Europe has had a startling effect on U.S. Mortgage rates. As an ugly European banking emerges, investors dive for safety into the…
We are delighted to find that a new survey by Redfin predicted that the “Hottest Hoods” for 2016 are all right here in our backyard. “The whole of Northeast LA is heating up,” according to the survey. Per an article…
There is a fascinating article in the Los Angeles Times of January 16, 2016, pinpointing the “hottest ZIP codes” in Los Angeles from a real estate perspective. The west side has always been hot, but it is our “hood” that…
I thought we would take a short break from the real estate statistics this week and pay homage to our “hometown,” by sharing a touch of fun. The fun is the BOOBIE TRAP—a wild, eclectic, variety, comedy, magic and music…
Sometimes a sword cuts both ways. Case in point – the Los Angeles real estate market. Home sales in October fell 4/10th of a percent (0.4) from October 2014. September’s sales had reached the highest in 6 years before this…
Just in case you have had a bit of attention on LA’s robust real estate market and that ugly word “bubble” is floating around in your mind, relax. According to UCLA economist William Wu, writing in the UCLA Anderson Forecast,…
Ten to fifteen years ago, almost no one had heard of Northeast LA’s real estate market – almost no one except (I’m sorry, I must push modesty aside for just a moment and call for a drum roll) – almost…
Because Echo Park is home base for us, the fact that the community has experienced a stunning gentrification over the last several years is an accepted part of life. For those of you who have not been to our neck…
You have to be a Las Vegas bookmaker to keep up with the odds on whether or not the Fed’s Snow Queen will raise rates at their September meeting. Interest rate pundits pegged the chances for a rate increase at…
Single-family home sales in the state soared in July on a year-to-year basis. There were 449,530 home sales in July. That represented a 2.7% increase from June but a whopping 12.7 increase from July 2014. The continued growth was attributed…