Los Angeles County, CA Real Estate News

By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The IHS Markit PMI released their October Manufacturing and Services data today.  The Manufacturing dipped a little bit to 59.2; while the Services rose to 58.2.  Any number above 50 for these indices indicates expansion/optimism.  Stocks are Down today, after being in positive territory to start the day.  However, a speech by Fed Chairman Powell jolted both Markets a bit.  He indicated that the Fed is on pace to taper this year; it's too early for any rate hikes; and that inflation will drag into 2022.  This will be his last speech prior to the FOMC in about 2 weeks.  We'll find out if they will begin tapering immediately or (maybe) in December.  In other news, Evergrande made their past due payments to their foreign bondholders today.   Also, Congre...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Just Sold: 8289 Grand View Dr. Los Angeles, CA 90046 another vacant lot sold on Grand View Dr. Los Angeles, CA. 90046.  In case you are interested I have four more Land Listings on Grand View Drive, two different sellers.Please reach out to me one has a great deal of information the others are three lots next to each other. Build one or four home.... Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly! If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are consi...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The Philly Fed Index dropped from 30.7 in Sept to 23.8 in October.  This index measures the business activity in the Philadelphia area.  Jobless Claims continued to decline, as they report only 290k applied for first time benefits last week. Remember those whom lost there jobs due to refusing the vax mandates won't be included with these numbers.  We don't know yet how much of an impact that may be.  Existing Home Sales jumped up 7.0% in September to 6.29 million seasonally adjusted units.  Lastly, the Leading Economic Indicator rose only 0.2% in September.  Stocks are a bit mixed today, as NASDAQ is lone index in Positive Territory (unlike yesterday, where it was reversed).  Investors are reviewing Q3 Earnings Reports, which approximately 86% have be...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Nothing on the Economic Calendar today, but the Fed Beige Book was released earlier today, which stated the following:*economy is growing at modest to moderate pace*low supply of workers across the country*it's being reported there is significantly elevated prices around the USSo, Inflation, lack of supplies and lack of workers are suppressing the economy from reaching it's full potential.  Many Investors are speaking out on the inflation not being transitory and being more permanent, especially as energy prices quickly escalate and get absorbed into consumers' costs.  Stocks are in Mixed Territory, as NASDAQ remains lone index in the Red.  They're being heavily influenced with the higher yields, as they continue to try and head north.  They're curren...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Crazy English: Oh boy I can relate to this one. FYI one of our Active Rain friends recently posted about this very subject. So with that said I had to grab the book that has been sitting on top of all the other books waiting  for me to read.... (Keep in mind I had the book since 1989). I guess it is never too late to pick it up for the second time. Interestingly, then to boot I had cut out an article in 1996 that Ann Landers wrote and was inside the book. Well see for yourself...Ironically I had a Yellow Sticky Note, from the last time I picked up the book to this quote:..."In 1750 Phillip, Fourth Earl of Chesterfield, wrote, in a letter to his son, "One false spelling may fix a stigma upon a man for life" If Lord Chesterfield's chilling dictum is true all of us are stigmatized, for who...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Housing Starts dropped 1.6% in September, as they reported only 1.555 million seasonally adjusted units were started.  If you look within the numbers, then most of the numbers were due to a drop with multifamily units (whereas, single family homes were within expectations).  Also, Building Permits dropped 7.7% in September, bringing it down to 1.589 million seasonally adjusted units.  Yesterday, we had an increase with Home Builder Confidence, but they did state that supply chain and labor shortages are creating delays with their plans.  Meanwhile, Stocks are Up on better than expected Q3 Earnings Reports.  Markets will be watching a few different Fed Speakers, so there may be some movement based on what they say.  MBS started the day off higher, then...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Industrial Production continued to drop in September, as it was reported a 1.3% drop; meanwhile, it's August report was revised from an increase of 0.4% to a drop of 0.1%.  Investors received a pleasant surprise, as the NHIB Home Builders Index rose 4 points to 80.  This index measures the confidence level for Home Builders.  Meanwhile, stocks are trading in Mixed territory, as they continue to review Q3 Earnings Reports and other data.  China reported a significant drop in their Q3 economic data, as it dropped from 7.9% to 4.9%.  This had early trading in negative territory, but had subsided since then.  Meanwhile, inflation is still a concern, as energy prices continue to rise (price of a barrel of oil is now over $81).  MBS was Down much more earli...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On October 11, 2021, Realtor.com reported that in Sun Valley, California median list price was $739,000 in September of 2021 gained from $749,000 in August of 2021, and up 1.0% from $730,000 in September of 2020. While, median sales price for a home and a condo was $760,000 in September of 2021, jumped 6.0% from September of 2020 in Sun Valley, California.Houses stayed 66.00 days in the market in September of 2021 rose from 58.00 days in August of 2021, but declined from 76.00 days in September of 2020 in Sun Valley, California.The median listing price per square foot of a home and a condo was $521.00 in September of 2021 down from $529.00 in August of 2021, but increased 12.0% from $456.00 in September of 2010 in Sun Valley, California.For complete more detailed information about Realt...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
In case you missed it: 2840 N Paradise DR LOS ANGELES CA 90032 huge price reduction! Seller is motivated to sell!Directions : W. HUNTINGTON DR/S. TELLURIDE W. FOREST PARK DR/N. AMETHYST CT Remarks : Do you want bragging rights? How many can say they live in Paradise, well if not in Paradise how about on Paradise Dr.???Fantastic opportunity to build your dream home with panoramic views! Close to DTLA, Dodger Stadium, 10, 710 & 101 FWY, Pasadena, Cal State LA and USC Med Center. One of the gentler flat to down sloped lots, it is a terraced lot and at one time had a structure on it. Take advantage of this great gentle down sloped lot on a paved street. Reach out to listing agent for a plat map. Seller may consider financing.  Wishing you a safe and healthy life and I look forward to your c...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On October 11, 2021, Realtor.com reported that in Sunland, California median list price was $805,000 in September of 2021 gained from $799,499 in August of 2021, and rose 7.0% from $749,000 in September of 2020. While, median sales price for a home and a condo was $850,000 in September of 2021, jumped 16.0% from September of 2020 in Sunland, California.Houses stayed 53.00 days in the market in September of 2021 up from 50.00 days in August of 2021, but lower from 67.00 days in September of 2020 in Sunland, California.The median listing price per square foot of a home and a condo was $539.00 in September of 2021 higher from $515.00 in August of 2021, and increased 15.0% from $457.00 in September of 2010 in Sunland, California.For complete more detailed information about Realtor.com’s lat...
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By Lisa Delzompo 951-704-4559, Experienced, Trusted, & On Your Mission: Home
(Sand to Sea Properties, Inc.)
View of New Homes Rancho Palos Verdes Near Terranea  When you volunteer with a drama program that goes above and beyond with costumes, set design and lighting (even if you can just sew a straight line and flap a paint brush only arguably better than a high school student), you run short on time to do a highly detailed video. Some of you may appreciate a break from the talking. I know I do. Questions on mock trial, drama or real estate? Hit me: Lisa Delzompo Sand to Sea Properties, Inc. CA DRE #01379811, 01799041 (951)704-4559 lisa@sand2sea.us
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On October 11, 2021, Realtor.com reported that in Tujunga, California median list price was $769,000 in September of 2021 gained from $749,900 in August of 2021, and rose 12.0% from $680,000 in September of 2020. While, median sales price for a home and a condo was $795,000 in September of 2021, down 1.0% from September of 2020 in Tujunga, California.Houses stayed 50.00 days in the market in September of 2021 up from 46.00 days in August of 2021, and declined from 56.00 days in September of 2020 in Tujunga, California.The median listing price per square foot of a home and a condo was $529.00 in September of 2021 lower from $534.00 in August of 2021, but increased 5.0% from $501.00 in September of 2010 in Tujunga, California.For complete more detailed information about Realtor.com’s late...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On October 11, 2021, Realtor.com reported that in La Crescenta, California median list price was $1,067,000 in September of 2021 gained from $1,050,000 in August of 2021, and rose 15.0% from $907,500 in September of 2020. While, median sales price for a home and a condo was $1,000,000 in September of 2021, increased 11.0% from September of 2020 in La Crescenta, California.Houses stayed 50.00 days in the market in September of 2021 unchanged from 50.00 days in August of 2021, but lower from 51.00 days in September of 2020 in La Crescenta, California.The median listing price per square foot of a home and a condo was $651.00 in September of 2021 down from $656.00 in August of 2021, but jumped 17.0% from $553.00 in September of 2010 in La Crescenta, California.For complete more detailed inf...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Retail Sales came in strong for September for the 2nd consecutive month, as it reported a 0.7% increase (higher than the -0.2% forecasts); and even when you exclude Autos, it was strong (0.8%)!  Stocks are really liking this release, along with continued positive Q3 Earnings Reports being released.  The Empire State Index indicated that manufacturing slowed a bit in October, as it dropped from 34.3 in September to 19.8 for October.  Also, the Consumer Sentiment dropped a little bit in October, as it went from 72.8 to 71.4.  MBS is Down 13bps this morning on the positive economic data being published today and being pressured further with rising Yields, which has spiked back above the 2 technical levels that it slipped thru during this week.  Yields ar...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On October 11, 2021, Realtor.com reported that in Montrose, California median list price was $1,050,000 in September of 2021 gained from $780,000 in August of 2021, and rose 14.0% from $898,925 in September of 2020. While, median sales price for a home and a condo was $769,000 in September of 2021, increased 4.0% from September of 2020 in Montrose, California.Houses stayed 56.00 days in the market in September of 2021 up from 48.00 days in August of 2021, and higher from 47.00 days in September of 2020 in Montrose, California.The median listing price per square foot of a home and a condo was $601.00 in September of 2021 grew from $515.00 in August of 2021, and jumped 20.0% from $482.00 in September of 2010 in Montrose, California.For complete more detailed information about Realtor.com’...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On October 11, 2021, Realtor.com reported that in Glendale, California median list price was $995,000 in September of 2021 gained from $989,000 in August of 2021, and rose 7.0% from $929,000 in September of 2020. While, median sales price for a home and a condo was $1,000,000 in September of 2021, jumped 12.0% from September of 2020 in Glendale, California.Houses stayed 51.00 days in the market in September of 2021 up from 50.00 days in August of 2021, and higher from 49.00 days in September of 2020 in Glendale, California.The median listing price per square foot of a home and a condo was $605.00 in September of 2021 grew from $591.00 in August of 2021, and increased 14.0% from $518.00 in September of 2010 in Glendale, California.For complete more detailed information about Realtor.com’...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The Initial Jobless Claims came in at 293k last week, as this is the first time since Pandemic that we saw this data in the 200k+ range.  This is helping the Markets.  Lastly, the Producer Price Index (PPI) rose 0.5% in September, while it's Core PPI (excluding food and energy) rose only 0.2% (which brings it's YoY from 6.7% in August to 6.8% in September).  The PPI measures inflation for the Wholesale sector and doesn't always carry too much weight, like CPI or PCE.  Stocks are Up today on the Initial Jobless Claims data and good earnings reports from Banks, as we begin the release of Q3 Earnings Reports.  Meanwhile, MBS is Up 11bps (coupled with yesterday's close of 23bps) has Lenders out with better Mortgage Rates today (compared to yesterday morni...
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By Esperanza Butler® 818 926 5425, Homes For Sale in West Hills, Ca (818) 926-5425
(Century 21 Peak )
As Halloween season quickly approaches, thoughts turn to the supernatural, the undead, and the downright creepy. But, really, regardless of the season, is there anything scarier than a haunted house?
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By Esperanza Butler® 818 926 5425, Homes For Sale in West Hills, Ca (818) 926-5425
(Century 21 Peak )
6 Ways to Protect Your Home (& Trick-or-Treaters) This HalloweenFrom spooky decor to candy galore, the Halloween season is meant to be a fun and festive time for all ages. But according to Traveler’s insurance, along with tricks and treats, this autumn holiday sees 17% more crime-related home insurance claims filed than any other day of the year.With theft and vandalism prevalent, taking precautions is key. After all, forewarned is forearmed. Before the sun sets and trick-or-treaters and their families begin swarming your property, consider taking the following six precautions that will help keep your property and its potential visitors as safe as possible.1. Make sure your doors are locked. This may sound like basic advice, but it’s all the more important to ensure that your property i...
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Los Angeles County, CA Real Estate Professionals