An article on Yahoo! today profiles 1755 N. New Hampshire in Los Feliz, and includes valuable insight from local housing expert Tracy Do of Tracy Do Real Estate.
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Housing remains hot. In today’s LA Times, Alejandro Lazo reports that a “tight housing supply and strong demand continued to fuel a robust market recovery in March, with the Standard & Poor’s/Case-Shiller index of 20 U.S. cities recording a 10.9% year-over-year increase (see chart, left). That was the strongest increase since April 2006.”
Over at HousingWire, Christina Mlynski talked to David Blitzer of the S&P Dow Jones. His take is that “other housing market data reported in recent weeks confirm these strong trends… At the same time, the larger than usual share of multifamily housing, a large number of homes still in some stage of foreclosure and buying-to-rent by investors suggest that the housing recovery is not complete.”
The upshot? This surging market has yet to run its course – and might not for some time. For help staying ahead of things, contact Tracy Do Real Estate. Our sellers get top-shelf representation, with maximum exposure for your property and ace transaction management. For our buyers, we’re having tremendous success connecting people to the beautiful homes they want and deserve. Don’t wait for the market to price you out or pass you by. Get in business with the very best: the friendly, experienced professionals at Tracy Do Real Estate.
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Our friends at the Zillow Blog have come up with a Mortgage IQ Test which “showed that prospective home buyers answered very basic mortgage questions wrong nearly one-third of the time.” You can take that test yourself here if you’d like. And once you have…
Get in touch with us here at Tracy Do Real Estate. Whether you got those questions right or wrong, it’s not an issue when you work with trained, experienced realtors like ourselves. Step-by-step, we will guide you through every phase of the home buying process; from securing a loan that fits your needs to closing on the property you always wanted. Don’t let a mortgage loan be the reason you stay out of the market. Contact us anytime. Even if it’s just to ask a few questions, or clarify some things — we can help! And we’re happy to be at your service.
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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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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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Spanish Style Home in North Hollywood with Professional Music Studio!
Offered at: $480,000
Status: Sold
Type: Single Family / Bedrooms: 2 / Baths: 2
Living Area: 1,058 Square Ft. / Lot Size: 5,520 Square Ft.
This fetching Spanish Style home of 1929 vintage has been tastefully updated with soul and flair. Featuring 2 bedrooms, 2 bathrooms, beautiful blonde wood floors, arched passthroughs and a host of modern upgrades, it’s a welcoming living environment with a comfortable, easy flow. The remodeled kitchen is equipped with high-end appliances, a wine fridge, wood cabinetry, and saltillo floor tiles. The private large backyard includes a covered patio that feels like another room. The true bonus of this surprising property includes a detached, professionally designed, fully isolated music studio with “525 Quiet Rock” Sheetrock, Eco-Core Acoustic Insulation and rubberized gasket doors. This meticulously crafted space has a double-paned window between the “control” and “live” rooms plus a ductless heating/AC system, perfect for a musician or producer whether they are amateur or pro. There’s plenty of parking on the driveway and a one car garage. NoHo Arts District adjacent and two blocks from the Metro Red Line. Co-listed with Ronda Doyal.
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.
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As of this posting, Tracy’s Q&A with Curbed LA readers is the second-most-read article on the site. Check it out here.
Better yet, contact Tracy directly and ask your own questions. Call, text or email anytime to Tracy Do Real Estate.
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Renters already know it can be tough out there, and now we know why: Andrew Khouri reports in today’s LA Times that, when it comes to the cost of paying rent, “California (is) the second-least affordable state behind Hawaii.”
Paying rent is a fact of life for most people, and for some it’s the right fit. However, as Tory Barringer wrote last month in the M Report, “homeownership remains important to 96% of Americans, with 77% of respondents ages 25-34 and 78% ages 35-44 agreeing it is ‘very important.’”
Renters, there are alternatives out there, particularly if you’re willing to buy new construction where there might be options in regard to financing. There may well be be an ownership opportunity that fits your taste and budget, and to find it, contact the pros at Tracy Do Real Estate.
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Buyer Representation: Lovely 1929 Traditional in Burbank
Status: Sold
Type: Single Family / Bedrooms: 3 / Baths: 1
Living Area: 1,262 Square Ft. / Lot Size: 7,072 Square Ft.