From the LA Times real estate reporter Alejandro Lazo: “Southern California’s housing market is headed toward the spring shopping season with strong price gains and a steady improvement in sales.” Full story here.
FYI Quick Read…
Millennials Won’t Be Life-Long Renters
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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1095 S. Orange Grove Blvd. Unit D 91105
1095 S. Orange Grove Blvd. Unit D 91105
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
This entry was posted in: Buyer Representation, Condos for Sale, Pasadena Homes for Sale
Tonight! SCI-Arc Alumni Exhibition
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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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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30-Year Mortgage Drops to 3.43%
That’s the lowest it’s been since January, per the LA Times and Freddie Mac.
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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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Public Open: Sunday, April 7, 2 – 5 PM
Photo tour at 5756craner.com
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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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Mortgage Rates Remain Low
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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