Exactly as We Called It: Inventory Rising

It was exactly a month ago that Tracy Do was invited to take reader questions as part of Curbed LA’s “University” series. When asked about the lack of local homes for sale, she responded, “I do predict a brightening picture in regard to inventory.”

 

Tracy called it, and now it’s come true. Real estate website Housingwire, citing just-released analysis by Realtor.com, says that the number of homes for sale nationwide is up 2.36% from February to March. Combine that with still-low interest rates (see post below), it all adds up to good news for buyers — and a great reason to contact Tracy Do Real Estate; your expert and leader in LA-area home sales.

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This entry was posted in: Deals

FYI Quick Read…

The Wall Street Journal’s Nick Timiraos examines some issues percolating in the housing market, including rising prices, lack of inventory and speculation about which way interest rates might be heading. One thing that’s clear, says Timiraos, is that “buyers face a dilemma: paying more for a home today, compared with a year ago, or paying even more tomorrow at a time when interest rates might also be higher.” It’s a good quick read and can be found here (for Wall Street Journal subscribers).

UPDATE: Since most of our readers are not WSJ subscribers, we have provided the bulk of the article after the break, reprinted courtesy of the Wall Street Journal.

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This entry was posted in: Deals

Good Advice from Our Friends at Zillow

From real estate website Zillow and author Jill Simmons: “Choosing the right agent is more crucial than ever in this type of environment. You need to find someone who is skilled at negotiations and knows how to handle competitive offer situations.” Read her article about the market’s “new normal,” and remember: the caliber of agent she’s referring to is exactly what you’ll find at Tracy Do Real Estate.

 

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This entry was posted in: Deals

Textbook Modern circa 1965 in Glendale

List Price $865,000

3 bedrooms • 2.5 bathrooms

2,788 sf • 7,913 sf lot

There’s a fine line between coincidence and a bona fide trend. Whichever it is, LA-area buyers have reason to rejoice: yet another stunning mid century modern home has come to market, joining recent entries we posted on 3/25 and 3/19. This one was the personal residence of noted architect Denver Markwith Jr., located on a quiet street in the Rossmoyne/Verdugo Woodlands of Glendale.

The place is so well preserved it almost feels like a time capsule. Amazingly, this museum-quality home is something of a value considering its size and location — to say nothing of its intrinsic beauty and overall functionality as a modern-day living space. For a private tour, contact Tracy Do Real Estate.

To receive new listings by email, or to schedule a viewing click here!

Listing courtesy of Scott King, Deasy/Penner & Partners.

This entry was posted in: Deals