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Predictions

What can we expect the real estate market to do next year? No one predicted the intense bounce back that we’ve been experiencing for the past year, and everyone wants to know if it’s going to continue to increase, stay flat, or cool down. I think the answer is rather obvious – I anticipate the hot market will continue to increase. Without being overly… Continue Reading Predictions

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Inventory

Whether the market is up, down, or sideways, there always seems to be a lack of good inventory in Santa Monica. The fact that low inventory is a constant in our real estate market through economic shift tells us that there is something different about Santa Monica’s micro market compared with the rest of California. How does our low inventory affect prices and property… Continue Reading Inventory

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Lots, Builders and Property Values

Its seems that property values north of Montana were recovering nicely last year, until all of a sudden they catapulted up to what there were at the height of the market in 06-07, seemingly disregarding the economy and the rest of the Country’s “slow recovery”.  There are other pockets in LA that have experienced a similar phenomenon, but none quite as pronounced as Santa… Continue Reading Lots, Builders and Property Values

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Mortgage & Finance Journal

Government-sponsored enterprises Fannie Mae and Freddie Mac continue to play a crucial role in the secondary mortgage market and remain focused on supporting the ongoing housing market recovery while laying the groundwork for a better future housing finance system. “Fannie Mae has been a leading source of liquidity since the start of the economic crisis and we are working hard to support the ongoing… Continue Reading Mortgage & Finance Journal

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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… Continue Reading E-value

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Signs of Recovery in the Real Estate Market

Although I do not have a crystal ball, there are some very compelling signs that our market is on the road to recovery.  In our micro, Santa Monica Westside market, it seems that we are currently at the bottom and looking up.  Inventory is extremely low, well priced homes are likely to elicit multiple offers, and we have seen builders edge back into the… Continue Reading Signs of Recovery in the Real Estate Market

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Date Night in Santa Monica: My Favorite Spots

If you have young children, you can appreciate the importance of “date night.”  A couple of months ago, my wife and I decided to have a babysitter every Saturday night, and it has truly changed our lives.  We are big-time foodies and we enjoy taking advantage of our time together drinking wine and eating at our favorite restaurants.  There a few great spots in… Continue Reading Date Night in Santa Monica: My Favorite Spots

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Fun Activities for the Family in Santa Monica

I am a father of two toddlers, Logan is 3 and Olivia is 1. When my wife and I have a simultaneous day off we like to have an extra special family outing, but we seldom have the energy for a Disneyland or San Diego Zoo excursion. I have found a few local Sunday activities that the kids think are special treats, and my… Continue Reading Fun Activities for the Family in Santa Monica

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