That’s the lowest it’s been since January, per the LA Times and Freddie Mac.
30-Year Mortgage Drops to 3.43%
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.
To receive new listings by email, or to schedule a viewing click here!
This entry was posted in: Seen
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.
To receive new listings by email, or to schedule a viewing click here!
This entry was posted in: Seen
Public Open: Sunday, April 7, 2 – 5 PM
Photo tour at 5756craner.com
To receive new listings by email, or to schedule a viewing click here!
This entry was posted in: Seen
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.
To receive new listings by email, or to schedule a viewing click here!
This entry was posted in: Seen
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: Seen
Prices ⇡ Sales ⇣ What Gives?
A glance at the real estate headlines these past two days could come with a caution sign: beware of whiplash.
3/26: “Home Prices Post Sharp Increases in January”
3/27: “Pending Home Sales Flat…”
“…with Low Housing Supply.” And therein lies the rub. Alejandro Lazo’s pair of articles in the LA Times might seem contradictory at first. But a closer read reveals the Catch-22 of our current housing market: High demand + low supply = increased competition = upward pressure on prices. Of course the sales numbers are flat — if there were enough homes out there, those stats would likely be sky high! Bottom line, it’s a very good time to sell your home. Interest rates remain low and in many areas, values have returned to levels not seen in years.
Finding out what your property is worth is easy. Just call, text or email Tracy Do Real Estate. With over ten years of successful sales and a long list of happy clients, Tracy will personally provide you with a market valuation and will answer all your questions, too. No cost. No obligation. Just sound guidance and expert insight from a friendly, knowledgeable real estate pro.
To receive new listings by email, or to schedule a viewing click here!
This entry was posted in: Seen
1957 Post & Beam in the Hollywood Hills
List Price $2,100,000
3 bedrooms • 2 bathrooms
2,178 sf • 43,037 sf lot
We’ve seen a number of remarkable mid century modern homes offered for sale in recent weeks, and can add this exceptional property to the list. Amazingly, the “Adams Residence” is on the market for the very first time. Designed by Val Powelson, AIA, it’s a wonderful example of Post & Beam architecture, offering walls of glass and panoramic views of Nichols Canyon.
Imagine, just one owner since this home was built — and there will soon be a second. For a private tour of this rare and special property, contact Tracy Do Real Estate.
To receive new listings by email, or to schedule a viewing click here!
Listing courtesy of Joshua Gaunya, Deasy/Penner & Partners.
This entry was posted in: Seen
Open This Weekend, 2 on a Lot in Los Feliz
To receive new listings by email, or to schedule a viewing click here!
This entry was posted in: Seen
Hidden Benefit to Energy Efficient Housing
Energy-efficient homes are a good idea for a lot of reasons. As the Atlantic Cities’ Emily Badger tells us, one of them is that owners are “less likely to get in trouble making their monthly mortgage payments.” It’s an interesting read and you’ll find it here.
To receive new listings by email, or to schedule a viewing click here!