Exciting MLS NEWS!!!!The California Association of Realtors (C.A.R.) announced on May 16, 2008, that it has approved the new statewide California MLS system which was formed on May 1, 2008, called the California MLS (CALMLS). Mike Silvas, a very respected and prominent broker-owner from the Napa
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05/16/2008
CARNEVALE COMING TO VENICE BEACH, CAComing June 7, 2008 ~ Noon to 9 pm ~ Beyond Baroque 681 Venice Blvd ~ Venice, CA ~ 1 Block East of Abbot KinneySave the date! You don’t want to miss the 6th annual Carnevale at Venice Beach on June 7, 2008 from noon to 9:00 p.m. This year’s event will be held a
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05/16/2008
MANHATTAN BEACH MEDIAN PRICE HOME SALES APRIL 08 VS. APRIL 06According to the South Bay Brokers, the median price homes sold in the Manhattan Beach Sand Section-Area 142 for April 08 was down 3% compared to April 06. The median price home sold in Area 143, the Tree Section for April 08 compared t
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05/16/2008
Have you looked into Go Zone properties in Louisiana? If not, you should, especially if you have gains from the past three years that you could apply against the accelerated depreciation. I have access to properties that are being built (they have to be complete prior to year end in order to qu
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05/09/2008
I keep hearing that the market has turned or is about to turn but none of the hard numbers have led me to believe that we are there yet. That is until today. I read that because of the value drops we have seen it now takes 19% of monthly income for the average home buyer to purchase a house. I
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05/06/2008
I just saw a write up regarding the final lecture given by Randy Pausch as Carnegie Mellon University. Randy had pancreatic cancer and originally designed this message for his children and then later decided to give the lecture to his students. His message is timeless, his principles are simple,
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05/06/2008
The good news is that 2005 sub prime numbers have been steady state for about 4 months now. Delinquencies have seemingly hit their top (at 30%....can you believe 30% of all of the subprime mortgages are late?). 2005 standards were about the same for underwriting as they were for 2006 and 2007 s
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05/05/2008
I have now read estimates that subprime losses will be between $400 Billion and $1 Trillion. Everyone right now is focused on the roll rate which shows how many borrowers are falling further and further behind on their mortgages. When combined with a look at the economic growth numbers and unem
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05/05/2008
A few ideas on how to fix the problem from Robert Shiller, Yale School economics professor:Time is ripe for making broad changes likeReform the kind of mortgages that are available like the European model of a variable rate but a fixed mortgage payment. This changes the term of the loan as rates
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04/27/2008
I am not selling subscriptions and I don't own any stock that is associated with the WJ but I have to say I think it is the best paper on the market. Many, many times I have read an article in the paper one day and then the following day on TV that will announce identical information. Try buyin
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04/26/2008
