Admin

Burbank, CA Real Estate News

By Ana Connell, Burbank Real Estate Agent
(G & C Properties)
  Of note: *FOMC left rates unchanged with the target funds rate at 2% and the discount rate at 2.25%   * Consumer Confidence-came in at 50.4 one of the lowest readings and some economists are surprised since, in their words, "the expansion of the economy is underway", meaning we are not in a recession. I would argue that most individuals are not feeling the positive effects of an expansion. Consider that overall real wages have remained stagnant in the last 30 years and that prices for many essential items have increased over that time, not the least of which is the price of a gallon of gasoline. Add to that the negative effects on net worth that lower real estate prices have produced and I'm not so sure things are as rosy on Main Street as the economists and Wall Street gurus would l...
Comments 0
By Laura D'Anna, Media Carrot Photography
(MediaCarrot photography)
On my www.MediaCarrot.com blog I mentioned that I was going up to big bear for a photo shoot, but I didn't give all the details that I usually do. I didn't want to say to much and jinx it but, I was going up for a test shoot for Big Bear Vacations. Big Bear Vacations is one of the top property management companies in Big Bear. Turns out they were very happy with my test shoot. I now have a contract with them to photograph 200-300 of their properties(they are getting new vacation rentals every time I go up there)! Woo-hoo! I love it. I get to drive up to beautiful Big Bear once or twice a week. It will be a project that we'll work on for the next year. I'm very excited to photograph all their vacation rentals and they seem just as excited to have new photos and virtual tours for their va...
Comments 0
By Lupe Soto-Realtor, Listing, Selling Burbank, San Fernando Valley LA
(Premier Realty Assoc)
Burbank Realtor, Burbank Real Estate & Homes/Condos For Sale is available to negotiate best price and terms.  Learn more about Exclusive Buyer's Representation.  Did you know that Burbank HomeBuyers can qualify up to 1% cash back rebate at close of escrow?, learn more. Please contact Lupe if you are looking to buy a condo or house near Burbank Unified School District of your choice.  Lupe Soto, Expert Burbank Realtor serving Burbank Real Eatate & Homes For Sale.  Lupe Soto is Bilingual, Burbank & SFV Real Estate en Espanol. BURBANK CONDOS, TOWNHOUSES READY TO BE SOLD, CLICK HERETHE BURBANK COLLECTION NEW CONSTRUCTION CONDOS  FREE SEARCH - ANY PROPERTY - ANY PRICEFor REO/Lender Owned, please check box under "special conditions"Happy Searching!"You can go from agent to agent to agent,but ...
Comments 0
By Lupe Soto-Realtor, Listing, Selling Burbank, San Fernando Valley LA
(Premier Realty Assoc)
Burbank Unified School District (BUSD) & Homes For Sale in Burbank, please contact Lupe Soto, Burbank Realtor & Feng Shui Real Estate to help you identify Burbank Real Estate & Homes For Sale using the Burbank Unified School District Master Street Directory Listing & boundary chart to search and select the elementary, middle school or high school of your choice based on the prospective home for sale address.Burbank CA Homes For Sale is just a call or click awayLupe Soto Burbank Realtor (818)276-6882 cell  Burbank CA 91501, Homes Condos Townhouses For Sale near Burbank Unifed School DistrictBurbank CA 91504, Homes Condos Townhouses For Sale near Burbank Unified School DistrictBurbank CA 91505, Homes Condos Townhouses For Sale near Burbank Unifed School DistrictBurbank's Brace Canyon Park...
Comments 0
By Lupe Soto-Realtor, Listing, Selling Burbank, San Fernando Valley LA
(Premier Realty Assoc)
Burbank Real Estate & Homes for Sale (818)968-3718 by Burbank Expert & Bilingual Realtor LUPE SOTO, serving Burbank CA & surrounding areas of San Fernando Valley in Los Angeles County, CA. Billing itself as the "Media Capital of the World" Burbank CA is an enterntainment-oriented city that prides itself on its quality of life, combining 21st-century technology with a small-town feel. The city is name for Dr. David Burbank, a New Hampshire dentist, who bought two large ranchos in the area in 1867.  A half-century later, the icty became home to the budding aviation and entertainment industries. Lockheed Aircraft Co. purchased a piece of Burbank farmland in the mid-1920s, and Amelia Earhart and Howard Huges were among the aviation pioneers who used its airfield.  The motion-picture busines...
Comments 0
By Keith Sorem
(Keller Williams Realty)
    Burbank, like other local markets, is seeing a very busy spring selling season.  Buyers may be waiting on the sidelines, however there is a lot to think about, not just dream about. Market Index In most markets the last peak was in May and June of 2007.  Burbank's market index in May of 2008 reached 0.31, surpassing the previous peak of 0.30. Pending Ratio Homes going into escrow mean homes closing escrow, which in most cases means reduced inventory.  When inventory declines, price go up, right?  So for the last few months the pending ratio has been I increasing: February 0.55. March 0.68, April 0.49, and May 0.70.  The previous high was May of .07 with 0.58, so that tells us that the market is heating up.  Don't get me wrong, we have a long way to go.    Average Sales Price In May ...
Comments 0
By Lupe Soto-Realtor, Listing, Selling Burbank, San Fernando Valley LA
(Premier Realty Assoc)
Lupe Soto, Feng Shui & Burbank Realtor with VISION Representing CLIENTS with DREAMS! source:  www.BurbankWire.com Burbank WireSeptember 1, 2008www.BurbankWire.com Welcome to Burbank Wire newsletter, connecting people to events sponsored by educational, municipal, non-for-profit, churches, businesses and other community organizations in Burbank & nearby areas. To submit content, or to report an error or omission, please contact Jim Hetherman (Jim@BurbankWire.com) and begin the subject of your email with BURBANK WIRE in ALL CAPS.  See our contact page for more information: http://www.burbankwire.com/bwire/contact.shtmlPlease forward this Newsletter to non-subscribers who may benefit (with the non-subscribers permission, of course).  Burbank is one of the most resident and visitor friendly...
Comments 0
By Ana Connell, Burbank Real Estate Agent
(G & C Properties)
                                        * Leading Indicators, inched up .1% trying to suggest that the economy will not officially dip into a recession.(Monday) * Producer Price Index .2% increase seems tame following the 1.1% surge last month. (Tuesday) * FOMC Meeting Minutes the Fed lowered it’s forecast for economic growth and indicated that it was pausing in it’s interest rate strategy for a while. They believe that while growth is contracting in the first half of 2008 it will rebound in the latter half of the year.(Wednesday) * Jobless Claims came in at 365K which seems to suggest a stabilization in the jobs market.(Thursday) * Exisiting Home Sales dropped by 1% in April and inventories rose from a supply of 10 months to 11.2 months.(Friday) * Bonds…2 year 2.45%, 5 yr. 3.15% and th...
Comments 1
By Ana Connell, Burbank Real Estate Agent
(G & C Properties)
Here is the report for April and as you can see sales can vary greatly by area. One thing is clear, however, money is still tight and sales are down. Latest forecasts have the turnaround starting later this year and into 2009. The recovery does hinge on access to loans and in many cases buyers are not qualifying under the current banking standards. A record 62% of banks reported tighter lending standards for prime mortgages and 72% have tighted subprime mortgage requirements(no surprise here). Fixed mortgage rates are expected to rise to 6.2% later this year and 6.3% for 2009. To keep things in perspective.....home prices in Los Angeles/Long Beach/Orange County areas increased 6.2% over the last 5 years. Read more...  
Comments 0
By Keith Sorem
(Keller Williams Realty)
All markets go through cycles, and Burbank is no exception.  For the last two years we knew that Burbank was experiencing a buyer's market and the question has always been "when is it going to hit bottom?".  My answer has always been the same, that we will know until two or three months AFTER the market is headed back up.   Despite what you may read or see in the media, things might be changing.  First, the Market Index for the month of April  hit 0.24, the highest since the mortgage meltdown last August.  There is a rule of thumb that you need three consecutive periods to plot a trend, and Burbank seems to qualify.  We are seeing multiple offers on well-priced properties, escrows opening in two to four weeks.       The other big question I am asked is what  is going to happen to home p...
Comments 0
By Laura D'Anna, Media Carrot Photography
(MediaCarrot photography)
I was contacted back in April by David McKinzie of Sienna Residential to photograph some of their model homes in Oxnard. The homes were only blocks from the beach...who wouldn't love that! I love photographing model homes. Model homes by the beach are even better. Take a look at the photographs. I love the landing on the roof of the homes with a straight view to the water...Take a look at the virtual tour.
Comments 4
By Ana Connell, Burbank Real Estate Agent
(G & C Properties)
* Pending Homes Index fell 1% in March and is looking to be coming in at 20% year over year declines. Again the real story is when you look at specific markets. For example the Northeast did better, up 12.5%, so these numbers are somewhat meaningless unless you are looking for an overall trend, which currently is still down. Individual neighborhoods can be an entirely different story depending on where you are looking and at what price range. Tight money is still in play which means buyers are still finding it difficult to obtain loans.(Wednesday) * Jobless Claims, came in at 365,000, lower than last week. Chain Store Sales reported the best numbers since January, good news for retailers. * Bank of England (BOE) Announcement, as expected came in at maintaining it’s key rate at 5%. The m...
Comments 0
By Joe Zapata, Your Burbank Real Estate Expert
(Keller Williams Realty Media World)
For many years the City of Burbank and its residents have been looking forward to meaningful nighttime noise relief at the Bob Hope Airport. Since 1977 there has been a semi-successful voluntary nighttime curfew from 10pm til 7am. Federal law has established a formal process which, among other things, provides a way to turn this voluntary curfew into a mandatory one - this is know as a Part 161 application. In the year 2000, the Airport Authority initiated a Part 161 study for this purpose and in recent months announced its determination that the cost/benefit analysis they performed may adequately meet Federal Requirements and justify the granting of a mandatory nighttime curfew. In preparation to file this application with the FAA, the Airport Authority must first complete a number of ...
Comments 0
By Ana Connell, Burbank Real Estate Agent
(G & C Properties)
Retail Sales came in +.2%, better than the unchanged number they were expecting. Given that most of this increase came from sales at gas stations, I’m not really sure how you can put a positive spin on it. Business Inventories came in as expected at .6%. Many were hoping to see these shrink as it would indicate consumers are doing more buying.(Monday) Producer Price Index the markets were excited without food and energy it only rose .2%, with food and energy it rose by a stellar 1.1%, but really folks, I think it’s time we start looking at the entire picture. Housing Market Index was unchanged at 20, which would point to some stabilization in the housing market.(Tuesday) Consumer Price Index came in as expected. Housing Starts both starts and permits weakened, starts, down 11.9% for th...
Comments 0
By Mario Villagran, MBA, Realtor
(U.S. Spaces)
Here we are April 15th already.  This day is a much dreaded day for many of us procrastinators.  Many of us scramble on this day to file our automatic extension with the IRS.  I hope I can be of some help.  The following post office is taking mail until 11:59 pm.  This will allow your tax return to be postmarked on April 15th and that's all the IRS needs to see to consider your return filed on time.Van Nuys Main Post Office at 15701 Sherman Way, Van Nuys, CA 91406For other locations feel free to visit the website at http://www.usps.com or call (800) ASK-USPS.Please remember that an extension is just asking permission to file later and not permission to pay later.  If you think you owe the IRS some money, then you should try to send them what you think you may owe with your extension.  T...
Comments 3
By Joe Zapata, Your Burbank Real Estate Expert
(Keller Williams Realty Media World)
Saturday, April 19, 2008. 38th Annual Earth Day Celebration. The City of Burbank invites you to celebrate Earth Day at Stough Canyon Nature Center, 2300 Walnut Avenue (top of Walnut). Come early and join the Canyon Clean Up at Noon! Activities are planned 1-4 p.m. -- enjoy arts and crafts, green films, nature hikes, live animals, refreshments. There will be door prizes from IKEA, Disney and other local businesses. At 2 p.m. "Go Green" with Mayor Marsha Ramos. For more information about this Free event, call 818-238-3900 or 238-5440. Earth Day is always a great day to get out and enjoy the day while at the same time giving back a little to our community as well as our enviroment. Hope to see you out there.
Comments 0
By Ana Connell, Burbank Real Estate Agent
(G & C Properties)
There’s plenty of bad news out there and I think it’s important to sift through the slate of negativity in order to understand what’s really going on. If you are looking to buy or sell a home, is this the right time? First let’s look at some of the recent facts: A report by Equifax and Moody’s Economy.com.shows that 4.46 percent of mortgages were at least 30 days past due at the end of the first quarter, up from 3.98 percent in the fourth quarter and up 2.9 percent from a year earlier. The national foreclosure rate rose to 1.39 percent, from 1.08 percent at the end of 2007 and 0.58 percent a year earlier. Increases in mortgage delinquencies and foreclosures, again nationally, were the largest since 2000, when the firms began collecting this type of data. Major contributors are rising un...
Comments 4
By Laura D'Anna, Media Carrot Photography
(MediaCarrot photography)
Over the last year that there has been more and more interest in showcase websites of homes for sale. Using the address as the domain name, when a buyer drives by a home that is for sale, when they get home they can type in the address www.8262WoodshillTrail.com. There they can find out any in contact information, photographs, virtual tours, and all those other details of the home. During the last year I have been toying with the idea of providing websites for real estate. I think they are a clever idea. Most buyers will look for the home on Realtor.com first, but if it's not listed on Realtor.com where do buyers look next? The Multiple Listing Service(MLS) can be a bit confusing, which area MLS is it listed on? However, using the address as a domain name, when you have the address of t...
Comments 2
By Ana Connell, Burbank Real Estate Agent
(G & C Properties)
  Consumer Credit-slowed substantially in February, $5.1B v.$10.3 in January. Pending Homes Index-outlook for the housing sector worsened as existing home sales fell 1.9% in February. Given the slowdown in the job market I would say this number will continue to look grim in areas where job losses are the heaviest.FOMC Meeting Minutes- Most downbeat in a while as the Fed said that fighting a recession is it’s number 1 priority but fighting inflation is just as important. Economic growth forecasts were lowered, but the Fed sees a recovery in the second half of 2008. I’m not holding my breath on this forecast as they have been trailing what’s really happening by a good margin! International Trade -This figure worsened which is indicating that the first quarter was weaker than the forecast...
Comments 2
By Lupe Soto-Realtor, Listing, Selling Burbank, San Fernando Valley LA
(Premier Realty Assoc)
(818)276-6882 Listing & Selling Agent serving Burbank CA and nearby areas of San Fernando Valley , Santa Clarita Valley, Palmdale East West or Lancaster East West. How To Price Your Home To Sell In Today's Market?  - PRICED TO SELLLupe Soto Realtor agrees: The single most important factor in selling or leasing your home today is price. With so many homes on the market now, setting the "right price" is critical.During the housing boom in Burbank CA of the past several years, some homeowners priced their properties aggressively--well above market value. That was yesterday. Today, overpricing simply turns away HomeBuyers who could otherwise afford your home (why look at homes outside your budget?), leaving your home sitting like leftovers in an overstocked fridge--stale and unappealing. On...
Comments 2