Los Angeles County, CA Real Estate News

By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Housing Starts dropped by 0.2% in April, as March data was revised lower (from 1.793 million seasonally adjusted units to 1.728 million).  April's data reported at 1.724 million.  Likewise, Building Permits dropped 3.2% in April.  However, it's March data was revised higher (from 1.870 million to 1.879 million).  April's data came in at 1.819 million.  We'll continue to monitor this data, as we saw yesterday that confidence with Home Builders dipped in May.  This trend could continue.  Meanwhile, there's a massive selloff with Stocks today, as Investors continue to review Corporate Earnings Reports, which many large Retailers are releasing their reports this week.  Many have missed their numbers, which is due to their rising costs (a result from high ...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Retail Sales rose 0.9% in April, after a sharp higher revision to March (from 0.5% to 1.4%).  This, on the surface looks very good, but Rick Santelli made a great point about this data.  The point is related to the data not being adjusted for inflation.  The reported data may be over-inflated due to the spike in inflation.  Even Walmart disappointed with their Earnings Reports that was just released yesterday.  More retailers will be releasing their data this week.  In other Economic data, Industrial Production rose 1.1% in April.  The NAHB Home Builders Index, which measures confidence with Home Builders, dropped dramatically in May, as it went from 77 in April to 69 in May.  We'll need to monitor this, as it may indicate that Home Builders may not c...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On May 10, 2022, Realtor.com reported that in La Canada Flintridge, California median list price was $2,195,000 in April of 2022 fell from $2,099,500 in March of 2022, and up 1.0% from $2,175,000 in April of 2021. While, median sales price for a home and a condo was $2,400,000 in April of 2022, rose 19.0% from April of 2021 in La Canada Flintridge, California.Houses stayed 45.00 days in the market in April of 2022 gained from 44.00 days in March of 2022, and higher from 40.00 days in April of 2021 in La Canada Flintridge, California.The median listing price per square foot of a home and a condo was $883.00 in April of 2022 increased from $848.00 in March of 2022, and jumped 16.0% from $743.00 in April of 2021 in La Canada Flintridge, California. For complete more detailed information ab...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On May 10, 2022, Realtor.com reported that in Altadena, California median list price was $1,140,000 in March of 2022 declined from $1,149,000 in February of 2022, and jumped 10.0% from $1,025,000 in March of 2021. While, median sales price for a home and a condo was $1,300,000 in March of 2022, rose 9.0% from March of 2021 in Altadena, California.Houses stayed 43.00 days in the market in March of 2022 down from 48.00 days in February of 2022, and lower from 47.00 days in March of 2021 in Altadena, California.The median listing price per square foot of a home and a condo was $712.00 in March of 2022 higher from $710.00 in February of 2022, and increased 11.0% from $631.00 in March of 2021 in Altadena, California.For complete more detailed information about Realtor.com’s latest homes and ...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Manufacturing in the NY region contracted in April, as the Empire State Index reported that it declined 11.6 on it's index on forecasts of +17.00.  The week ahead has Retail Sales (which may coincide with many Corporate Earnings releases for some of the largest Retailers), Housing data and Manufacturing.  Today, Stocks are down again on pessimism by Investors on the possibility of a smooth landing with the path of the Fed policy, as many economists revise global economic growth lower.  Part of the issue lies with China's current COVID lockdowns, which is having a major constraint with the supply chain.  This is having a positive effect with Mortgage Rates, as MBS is currently  Up 13bps, but have been averaging between +14bps to 23bps.  MBS is currentl...
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By Bandele Oguntomilade, Top REALTOR, Your Woodland Hills Real Estate Agent 818-825-6996
(Bogun Realty and Luxury Homes)
OPEN HOUSE 1-4PM SUNDAY (5-15-22)  Property:                             19911 Ahwanee Lane, Porter Ranch, CA 91326Virtual Tour:                           www.19911Ahwanee.comOffered At:                             $1,250,000Call:                                        818-825-6996 Property Description:             One-Of-A-Kind Contemporary 5 Bedroom 3 Bathroom Pool Home with Glorious Views - Prestigious Guard Gated Community - The Heights of Porter Ranch CALL 818-825-6996.  VIRTUAL TOUR at www.19911Ahwanee.com.SUBMIT YOUR OFFER NOW. One-of-A-Kind Contemporary 5 Bedroom 3 Bathroom Private-Pool-Home with Glorious Views - A rare find! This picture-perfect open concept two-story 2405sf home on 5675sf lot is conveniently located on a serene cul-de-sac street within prestigious guard-gated ...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On May 10, 2022, Realtor.com reported that in La Crescenta, California median list price was $1,124,500 in March of 2022 gained from $1,099,000 in February of 2022, and rose 11.0% from $1,000,000 in March of 2021. While, median sales price for a home and a condo was $1,100,000 in March of 2022, higher 3.0% from March of 2021 in La Crescenta, California.Houses stayed 47.00 days in the market in March of 2022 down from 49.00 days in February of 2022, but up from 45.00 days in March of 2021 in La Crescenta, California.The median listing price per square foot of a home and a condo was $753.00 in March of 2022 increased from $707.00 in February of 2022, and jumped 20.0% from $604.00 in March of 2021 in La Crescenta, California.For complete more detailed information about Realtor.com’s latest...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The Consumer Sentiment dropped fairly significantly in May, as it went from 65.2 in April to 59.1 in May.  This is an important index to gauge, as Consumer behavior affects whether the economy will weaken or strengthen; and if they're not feeling it, then it could eventually lead to a recession (and possibly, "Stagflation").  It's impact with the Markets today was only brief.  Stocks are rebounding today after a week of beatdowns.  As a result, MBS is currently Down 16bps.  This is simply a movement of investment dollars flowing from MBS to equities, as Investors are buying low.  But this also means for us that Mortgage Rates worsened slightly.  If you watch the video, then you'll see that the 25 DMA held it's own with the MBS and pushed away the tren...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On May 10, 2022, Realtor.com reported that in Glendale, California median list price was $1,195,000 in March of 2022 gained from $1,150,000 in February of 2022, and jumped 17.0% from $990,000 in March of 2021. While, median sales price for a home and a condo was $1,100,000 in March of 2022, rose 20.0% from March of 2021 in Glendale, California.Houses stayed 42.00 days in the market in March of 2022 down from 45.00 days in February of 2022, and lower from 51.00 days in March of 2021 in Glendale, California.The median listing price per square foot of a home and a condo was $668.00 in March of 2022 higher from $650.00 in February of 2022, and increased 17.0% from $556.00 in March of 2021 in Glendale, California. For complete more detailed information about Realtor.com’s latest homes and a ...
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By Corey Chambers, Entar® Real Estate and Investment Technologies
Loft Blog Pro Real estate professionals often find themselves needing help or additional information, but not always finding it. Loft Blog Pro premium subscription offers solutions to many problems faced by real estate agents, brokers, lenders, appraisers, builders, developers, investors, vendors, film location services and event venue scouts. Here are some of the valuable features, benefits, technology, tools and bonus services included: HOA Directory – Home Owners Association contact informationSpecial Research, Mills Act, 1031 Exchange, Pocket ListingsLocal Real Estate Details and InformationLawsuits, Litigation and Building IssuesLoft Lenders and Litigation Lenders ListBuilding Entry Door Codes and Gate Codes (Licensed pros only)Free Online Lease Application and Credit ReportFree Le...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The Initial Jobless Claims rose slightly from last week to 203k.  This is people applying for first time benefits.  The good news is that Continuing Claims has continued to decline.  The Producer Price Index (PPI), which measures Wholesale Inflation, rose only 0.5% in April.  This is after a big spike in March, which it rose 1.6%.  The Core PPI, which excludes food & energy, rose only  0.4% (beating out estimates of 0.6%), while it's YoY dropped from 9.6% in March to 8.8%.  Normally, this data doesn't get much respect, but due to inflation being the hot topic, the it's value has increased.  This report has given some investors and economist renewed hope that inflation has peaked; and hopefully, will get better.  Stocks are down again today, as they're...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On May 10, 2022, Realtor.com reported that in Pasadena, California median list price was $1,196,500 in March of 2022 gained from $1,180,000 in February of 2022, and jumped 17.0% from $999,000 in March of 2021. While, median sales price for a home and a condo was $1,100,000 in March of 2022, rose 15.0% from March of 2021 in Pasadena, California.Houses stayed 47.00 days in the market in March of 2022 up from 44.00 days in February of 2022, and lower from 52.00 days in March of 2021 in Pasadena, California.The median listing price per square foot of a home and a condo was $714.00 in March of 2022 higher from $693.00 in February of 2022, and increased 13.0% from $623.00 in March of 2021 in Pasadena, California.For complete more detailed information about Realtor.com’s latest homes and a con...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The Consumer Priced Index (CPI) rose 0.3% in April while it's YoY dropped from 8.5% to 8.3%, missing expectations of 8.1%.  The Core CPI (excludes food and energy) rose 0.6% while it's YoY dropped from 6.5% to 6.2%, also missing it's forecasts of 6.0%.  One of the real reasons behind this drop was due to a big spike in March 2021, which fell off the YoY average.  This is still concerning, especially when you look at the MoM data.  Some Economists are now calling on the Fed to hike rates at 0.75%, which they announced last week was off the table.  It will be interesting to see if the Fed has a change of heart, so when they have any more upcoming speeches, then you know people will be listening for any hints of a 0.75% hike possibility.  Stocks are down...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
This post was inspired by Kathy Streib  & Carol Williams   the two hosts of this  Active Rain Challenge to get to know us better. I decided to participate when I read Anna Banana Kruchten CRS, Phoenix Broker  post.Those  of you who read my  posts consistently, know  that I am an 'open book'. Now with that said not sure how much more you might learn about me, but here it goes anyway. If you found something 'new about me that you did not know' enjoy and feel free to comment : 1. What was your first job and what did you learn from it? I was in eight grade grammar school, on Saturdays I worked as a factory cleaner for four hours. I learned that I would rather be the best student and never have to do manual labor for a living. Thank you, mom, for helping me get my first job. How long have yo...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  There are no economic data to report today.  The Markets are preparing themselves for tomorrow when the CPI is released.  This will have the biggest impact this week, as Investors are looking for confirmation that inflation has peaked.  Stocks have been selling off over the past few days in preparation, as Investors are concerned over the Fed's tightening policy and they haven't seen signs of inflation cooling down quite yet.  This has helped MBS to some degree, as it's up again today (+48bps).  Mortgage Rates improve again today.  Yields have also fallen down to 2.95% (after it was as high as 3.17% yesterday).  Be careful, as we haven't really seen more than 2 days of gains, only to find them wiped out on the 3rd day with a big loss.  We're approachi...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Wholesale Inventories maintained their pace with 2.3% increase for March.  There's not a lot of Economic Data to be released this week, so most focus will be on the upcoming inflation data by CPI and PPI.  Investors will be looking for possible acknowledgement that Inflation has peaked.  There's still real concern over inflation, which is what's dictating the Markets.  Investors are concerned that the Fed may not be doing enough (especially when they announced the 75 bps hike is off the table) and the probability of an economic slowdown (while inflation is still high), which will lead to the worse case scenario (Stagflation).  Stocks are Down today and Investors have shifted investment dollars over to Bonds/MBS.   MBS is currently Up 33bps, as Mortgag...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Speechless Sunday: Love the fact that our dog and cats get along... here is Jack our cat in the front and there is Holly in the back. Keep in mind this is Holly's crate:)Just imagine if people could get along like our cats and dogs. I have many other pictures to share but you get the idea.Now if you are looking for a Pet Friendly Realtor in the Greater Los Angeles area, please reach out to me directly. 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 coul...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Market Snapshot of the 90027 Zip Code ,also known as Los Feliz a section of Los Angeles, CA. In case you are not familiar with this area might remember the posts I have written posts about the Greek Theatre, yes it is in Los Feliz.Some of the Frank Lloyd Wright homes I have written about call Los Feliz  aka the 90027 Zip Code their home as well. Los Feliz is a relaxed hillside enclave of Los Angeles, there is a mix of up and coming people from the entertainment industry as well as some established ones as well. The neighborhood is bordering Griffith Park which is also home to the Griffith Observatory.Anyway with that said let's look at the Market Snapshot by Altos Research. As you know, I like their data since it includes off market transactions too. Los Angeles, CA 90027Sun May 08 2022...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Top One Hundred for Transactions: Berkshire Hathaway 1st Qtr. 2022 Los Angeles, Orange & Santa Barbara Counties. I am so thrilled, it was barely two weeks ago when Berkshire Hathaway announced the Top One Hundred for Transactions for the 2021 year.Here I am starting out the year strong, thank you to all my clients who helped me achieve this milestone.If you are looking for a Relocations Specialist who is fluent in German & Hungarian to name a few languages, please reach out to me.  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 Re...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Average Earnings rose only 0.3%, coming in under forecasts.  Hopefully, this is an indicator that wage inflation is stabilizing.  Non-Farm Payrolls reported 428k new jobs for April, beating expectations!  However, the Unemployment remained unchanged at 3.6%; likewise, the Average Work Week (hrs.) remained unchanged at 34.6 hours per week.  One piece of data that didn't make it onto the graph, was the Labor Participation, which dropped 0.2% to 62.2%.  This is something to monitor, as there may be some concerns of another Great Resignation.  Both Markets (Stocks and MBS) are reacting similarly.  Yesterday, Investors were very concerned over the Labor Cost and Productivity data; and today's data is a little mixed and being treated somewhere in the middle...
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Los Angeles County, CA Real Estate Professionals