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.
From Matthew Boesler of the Business Insider: “Credit Suisse analyst Daniel Oppenheim states that ‘the breadth of strength in both pricing and traffic at the start of spring selling season’ is ‘unprecedented.’ Oppenheim says real estate agents are ‘widely citing increased buyer urgency due to the combination of persistent inventory shortages (driving prices higher) and signs of mortgage rates moving higher.'”
We can relate. Multiple bidders, all-cash offers — we’re seeing some heated competition in this market. But let’s all take a deep breath and slow down. As of today, mortgage rates are holding steady. So before you get swept up in any kind of stampede to the housing market, try the simpler and far less stressful approach of contacting Tracy Do Real Estate. We’re a team of well-connected, clear-thinking, highly experienced agents. We’ll sit down with you, listen to your goals and map a plan for getting the house you want. Head here to see what people are saying about us. Connect with us directly by email to tracy@tracydo.com, or by text to 323-842-4001.
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We are huge fans of CurbedLA, for us it is simply indispensable reading. So it’s an honor and thrill to have Tracy Do featured in their educational series “Curbed University.” Tracy will be answering questions all weekend — click here to post one.
And for further help in all your real estate needs, head straight to the source at Tracy Do Real Estate.
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KPCC’s Matt Debord reports that rapid appreciation in certain neighborhoods has lead “some market observers to say that we’re dealing with a housing bubble… But that’s not really the story. There are some micro-bubbles. But if you look at the Case-Shiller home price index, it’s clear that, although prices have trended up steadily in LA County since the beginning of last year, the region isn’t seeing a price spike… where prices have surged by double-digits.”
Bubble or not, the best way to weather this real estate climate is by contacting the professionals at Tracy Do Real Estate. Years of experience and hundreds of successful transactions have given us a deep understanding of market dynamics. Whether you’re selling your home or looking to buy one, Tracy Do Real Estate will put you in the best position to succeed.
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To get started on your home search, contact Tracy Do Real Estate.
To receive new listings by email, or to schedule a viewing click here!
A tight real estate market means the return of bidding wars in certain neighborhoods. Today on MSN, Donna Fuscaldo offers some tips: “To compete in a bidding war, buyers need to prepare financially for the home purchase. They have to be familiar with property values in their target neighborhoods. And they must know what they want.” Solid advice, for sure. But first, find yourself a good realtor. Working at no charge to buyers, a licensed agent will guide you step-by-step and connect you to the home you want. For more info, contact Tracy Do Real Estate.
Alejandro Lazo reports in today’s LA Times: “The region’s median home price rose 19.6% in December.” Click here to read the article and also watch a video chat with housing experts, who agree that LA area values will continue to rise. Staying ahead of a fast-changing market isn’t easy. For sound advice and friendly, expert assistance, contact Tracy Do Real Estate.
Good article in today’s NY Times. Jim Rendon’s report is understandably New York centric, but it’s relevant to the process no matter where you live. Helpful info and a good read.
Illustration by Phil Marden for The New York Times.
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Today on the Wall Street Journal website, Kristen Jones reports that “mortgage rates are likely to remain near record lows for the first half of 2013, while property values are expected to strengthen, according to mortgage-finance company Freddie Mac.” Translation: the best time to buy your home is right now. And we’re ready to help, so call, text or email Tracy Do Real Estate.
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For anyone still wondering whether it’s finally time to ditch that rental, the Wall Street Journal Developments blog has your answer x 2. Nick Timiraos reports on how “demand for single-family rental housing is outstripping the available supply of homes…” with the result being higher rents throughout the US. And Kris Hudson and Dawn Wotapka write that, “economist Lawrence Yun foresees U.S. home prices rising by 15% over the next three years.”
Renters, it’s time to get off the sidelines. Interest rates are low, demand is up, and the cost of that house you want is forecast to rise. For a no-cost, no-obligation analysis of your options, including neighborhoods, price-point and financing, get in touch with me here. I will be happy to help you become a proud homeowner. And it might be a lot more obtainable than you think.
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