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Category Archives: Neighborhood Newsletter

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A Bigger Jumbo Market

The so-called jumbo mortgage market is strong, competitive and growing, with more lenders, and more loan products now being offered, which means it’s more important to look at all options available before buying.   Most lenders-large and small, even some credit unions now will make jumbo mortgages, which is something we haven’t seen before. As recently as 2009, just a handful of big banks …

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E-value

Let’s talk about E-valuation of homes.    Perhaps there are cities where the computer generated valuation system, used by websites like Zillow, can accurately estimate the value of a home.  Los Angeles is not one of those cities.  As a real estate professional, when I want to ascertain the value of a property, I am able to do so by studying other houses  around the …

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Let’s Make a Difference: Vote!

Over the past weeks, working at PHS has opened my eyes to a variety of different avenues….and my use of “avenue” is not referring solely to Santa Monica’s streets.  Not only have I learned about Santa Monica’s real estate market, I have gained information on issues pertaining to California’s ballot issues. In particular, PTA’s from Santa Monica’s school district have kindly provided me with …

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North Santa Monica Real Estate Market Surging In 2012

The Following Article is from the Spring 2012 Newsletter A year-to-date (YTD) market recap as of April 24th, 2012 shows closed sales at around $96 million with an energy unlike any in years.  At this time our MLS shows 30 active listings, 19 properties in escrow, 33 sold and 26 that have gone off the market for a total of 108 properties in various …

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Local Agents Know Best

The Following Article is from the Spring 2012 Newsletter In the old days, people used real estate agents to find them a house. Today, they use the Internet. Gone are the days of driving prospective buyers from house to house, often looking at dozens of homes, to find a suitable location and style of home to fit a buyer’s taste and budget. An agent’s …

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Mortgage & Finance Journal

The Following Article is from the Spring 2012 Newsletter HARP 2.0 program gives relief to existing homeowners, and new loan product to help buyers! The government touted its Home Affordable Refinance Program (HARP) as a way to get the crumbling housing market on the road to a quick recovery and provide much-needed relief to struggling homeowners. Launched in March 2009, HAMP was supposed to …

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A Look at Private Homes Sales

The Following Article is from the Sping 2012 Newsletter In past years private sales were definitely the exception. With inventory dropping precipitously in North Santa Monica, and on the west side generally, private sales are becoming the new thing.  A private sale is defined as a property that sells without coming on the public market and not being promoted through the multiple listing service. …

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Where Are We In The Cycle?

Teh Following Article is from the Fall 2011 Newsletter There is actually no encompassing cycle, just different cycles for different markets, which is not easily understood in these financial times. It goes back to whether you are looking at the macro view, the world, or the micro view, your own neighborhood. In the Westside markets’ most desirable neighborhoods home prices have been flat for …

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