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…
Real Estate News
Classic Mediterranean in Los Feliz
List Price $2,585,000
4 bedrooms • 4.5 bathrooms
3,805 sf • 14,700 sf lot
This estate-like 1922 home on a 1/3 acre lot adjoins Laughlin Park in prime Los Feliz.
So many images to choose from. Suffice it to say that the recent extensive renovation by our friend, the highly talented architect Barbara Bestor, has made a great house even better. Beautifully understated, filled with light, it’s a showpiece that is also a comfortable and functional family home.
There’s a lagoon style pool & spa and a detached 700 sq ft space that could be your guest suite, workspace or gym. All systems are newer and upgraded and there’s an electric gate on the driveway. For a private tour of this magnificent property, contact Tracy Do Real Estate.
To receive new listings by email, or to schedule a viewing click here!
Listing courtesy of Jeffrey Young, Sotheby’s Int’l Realty.
This entry was posted in: Seen
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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This entry was posted in: Seen
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
30-Year Mortgage Drops to 3.43%
That’s the lowest it’s been since January, per the LA Times and Freddie Mac.
This entry was posted in: Seen
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.
To receive new listings by email, or to schedule a viewing click here!
This entry was posted in: Seen
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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This entry was posted in: Seen
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: 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
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!