From Yahoo! Finance and Pulte Homes comes this revealing infographic, based on a survey of 521 U.S. adult renters ages 18-34. Full story here.
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Buyer Representation: Stunning Estate-Like Unit in Pasadena
Status: Sold
Type: Single Family / Bedrooms: 3 / Baths: 3
Living Area: 2,338 Square Ft. / Built: 1952
That’s the lowest it’s been since January, per the LA Times and Freddie Mac.
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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If you love great design like we do, here’s why you should attend tonight’s ArtWalk downtown: an exhibit covering 40 years of innovative work by alum of the renown Southern California Institute of Architecture.
For more info head to downtownartwalk.org or sciarc.edu.
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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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Mixed economic data is keeping rates in check, they even nudged down this week. It’s good news for buyers, however the flipside is we’ll continue to see heavy competition for desirable properties. Get an edge in your house hunt by connecting with Tracy Do Real Estate.
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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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Photo tour at 5756craner.com
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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.
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Listing courtesy of Scott King, Deasy/Penner & Partners.