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Los Angeles, CA Real Estate News

By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Lemon, Avocado, Bucatini & Shrimp pasta dinner... this dinner was inspired, because Diane wanted a break from " Red Sauce so with that said I reached into my cookbooks and found this recipe in one of my favorite cookbooks: "Pasta Modern." Those of you who read my posts know I would end up modifying the recipe to make it my own.Well, I did the short recipe, lemon, lemon zest, shrimp, avocado and lemon juice.My additions, fresh parsley, clam juice, little bit of heavy cream and a lot more wine:). I also added little bit of heavy cream and substituted red onions with sweet onions as well as added some baby spinach,  Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
My latest version of a corn chowder with clams... I have been a huge fan of fresh corn and other ingredients to make the Chowder. This time I decided instead of the canned minced clams why not go with the Wild For clam meat version.All I can say is once you switch to this you will never go back to the canned minced clams.You can actually taste the clams, and it was a hit. Tonight's easy dinner, since I had a really challenging day. Some day I might post about it. In the mean time enjoy the Clam/Corn Chowder. Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly! If you are looking for a pe...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Wordless Wednesdays: Citrus Tree pruning in the back yard... Diane decided to prune the trees. Needless to say, she has been coordinating with our Gardner to do this. Hence, I was stuck dealing with them.They showed up in the afternoon while I was in the middle of keeping one deal together and negotiating two other deal.Next thing I know is they are putting cut branches into the "trash" barrel after they filled the "Green Barrel."  after they left, I was trying to salvage many of the oranges. Clearly you know for future Orange Juice.... Needless to say, managed to save some but what you see here was probably 50% the rest were lost!    Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Just for fun: I do not mind sharing our oranges with the Squirrels what I mind is if they are wasting the oranges.Well, see for yourself.I make fresh squeezed orange juice every other day and Diane I love drinking it. Now days here to get a quart like I squeeze can cost anywhere from $5.99 to $8.99 and for me it is 20 minutes, worth of work. I hate waste, I guess I grew up with parents who were born before or during the depression and I learned to be frugal about certain things.Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly! If you are looking for a pet friendly Beverly Hills Realto...
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By Johnny Burke
(Keller Williams Realty)
Foreclosure filings hit 1.5 million homes in the first half of ‘09 according to the July 16, 2009 issue of the Wall Street Journal. The foreclosure train wreck continues, as a weak job market and falling home prices pushed foreclosures to a record high in the first half of the year. There are more properties in foreclosure available than ever before in California and while these deals may seem like bargains, many of these properties have more than the usual number of problems.  Jerry Malcome was able to purchase a foreclosure in Sherman Oaks California at a reduced price. However, as soon as he moved into the house the toilet backed up, flooding the bathroom floor with raw sewage, the gas company refused to turn on the gas to the heater because it was listed as a condemned furnace and h...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
Last week I posted a blog that Nicolas Cage's Bel Air Property that has been reduced by 50% to a new List Price of $17.5 Million. Today I read on The New York Observer that Donald Trump has dropped the price on a Duplex Penthouse at 502 Park Avenue from $51 Million to $31 Million.  That's almost a 40% decrease from the original List Price, representing a reduction from a mind-boggling $8200 per sq ft to $5000 per sq ft. The Listing Broker was quoted as saying: "Mr. Trump is committed to selling the apartment. And we made an adjustment that is appropriate for today's market." After taking into consideration the mortgage crisis and financial meltdown experienced last year one can't help wondering if $51 Million could ever have been justified as a legitimate List Price .... or was it "just...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
Nicolas Cage is selling his Bel Air Mansion at 50% off. In October 2006 Cage listed his almost 12,000 sq ft house (7 Beds and 9 baths) for $35 Million. After several price reductions to $29 Million, then $24 Million, then $19 Million and eventually down to $17.5 Million, the property was withdrawn from the MLS in May of this year, unsold. This week, although not yet on the MLS, it appears that the property has been re-listed at 50% off the original price of $35 Million - and is now offered at $17,500,000. The home has a history of celebrity ownership having originally been owned by Dean Martin, Tom Jones and Patricia Arquette (Nicolas Cage's second wife whom he divorced in 2001). Whatever the property eventually sells for will still yield the owner a substantial profit .... he paid $6....
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
July 17 , 2009, 6:30 AM PST National Average Fixed Rate Mortgage  Up 1 basis point at 5.27% on 07-16-09*A Basis Point (bps) is 1/100 of 1.00% Fannie Mae Mortgage Backed Securities Down 6.6 basis points to 4.958%. Lock Advice:  LockMM rate direction indicator moved up 4.0 bps. DJI Stocks Opened 8,690.81  +74.60  +0.87% European and Asian Markets Up 0.89% 10 Year Treasury currently 3.50% Nymex Crude Oil $61.32 barrel, Down $0.70 See inter-day Rate and market updates on Twitter 06-16-09: Initial jobless claims fell 47,000 to 522,000 last week.Initial claims for jobless benefits dropped by 47,000 to 522,000 in the week ended July 11, the Labor Department said Thursday. The four-week average of new claims, which aims to smooth volatility in the data, fell by 22,500 Are the best rates supplie...
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By Annie Pinsker-Brown, Stage to Sell, Los Angeles Home Stager
(Stage to Sell - LA Home Staging)
As a professional Los Angeles Home Stager, it is always a pleasure to work with clients who  take your advice and roll with it! Such was the case with a recent listing in Cheviot Hills. The couple living in the home were retiring and moving to Palm Springs, so they wanted to sell their beautiful Spanish style home…quickly! The agent, Randy Troup of Coldwell Banker Brentwood West, often hires me to do Staging Consultation reports for his sellers. I preview the property and spend a couple of hours giving the sellers detailed recommendations of low-cost things they can do to (using mostly what they already have in the home) to Stage their property for sale. I met with this lovely couple and gave them quite a list! Their home was beautiful to begin with, but there were several things I reco...
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By Johnny Burke
(Keller Williams Realty)
Title is the legal documentation that bestows ownership of real property. This is to be indicated in Part II of the 1003 Uniform Residential Loan Application as "manner in which title will be held." The decision of how the title will be held should not be put off until the last minute since it has a great impact on future tax planning, the financial future of the borrower(s) and their respective heirs, and the choice of the lender. It is most important for the mortgage consultant to work hand-in-hand with the borrower's financial planner or tax consultant to assist their mutual client in order to make decisions that work best for their particular scenario. For example, most married couples would consider holding title with Joint Tenancy. But if one spouse has a good credit history while...
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By Alberto Pacheco, Experience and Trust
(Home Smart Evergreen Realty)
New Listings: 280 Average Listing Price: $ 308,219 Listings Under Contract: 177 Average Listing Price: $ 232.038 Sold Listigs: 114  Average Listing Price: $ 256,850 % Sales Price Versus Listing Price: 98,57 % % Sales Price Versus Old Listing Price: 89.43 %  Average Days on The Market: 71    http://www.stoppayingrentinla.com Fha, Mls, Foreclosures, Schools, Mortgage Calculator
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By Alberto Pacheco, Experience and Trust
(Home Smart Evergreen Realty)
New Listings: 249 Average Listing Price: $ 290,086 Listings Under Contract: 135 Average Listing Price: $ 245,408 Sold Listigs: 145  Average Listing Price: $ 249,078 % Sales Price Versus Listing Price: 97.32 % % Sales Price Versus Old Listing Price: 87.08 %  Average Days on The Market: 76    http://www.stoppayingrentinla.com Fha, Mls, Foreclosures, Schools, Mortgage Calculator
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Los Angeles, California - Attorney General Edmund G. Brown Jr. today sued a foreclosure consultant and an attorney - Paul Noe Jr. and Mitchell Roth - who conned 2,000 desperate homeowners into paying exorbitant fees for "phony lawsuits" to forestall foreclosure proceedings. These lawsuits were filed and abandoned, even though homeowners were charged $1,800 in upfront fees, at least $1,200 per month and contingency fees of up to 80 percent of their home's value. "Noe and Roth ripped off homeowners desperate for help by charging unconscionable fees for phony lawsuits," Brown said. "Instead of aggressively pursuing the lawsuits, Noe and Roth strung them along so they could continue to rake in fees." Beginning in mid-2008, Noe promised homeowners facing foreclosure or default he could help ...
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By Dom Naidoo, Malibu to the Marina Real Estate
(Westside Properties)
 Perhaps you need to sell your home and relocate because you're changing jobs. Or, maybe you need a larger home to accommodate a growing family or a smaller home since your children have moved out on their own. There are myriad reasons why people sell their homes, but no matter the circumstances, it's in your best interest to approach the transaction armed with information and assisted by the expertise of a REALTOR®. The selling section provides an overview of each leg of the selling process, from assessing the market conditions to listing agreements to setting the price. While this outline will help you prepare for the transaction, consult your REALTOR® for more detailed information and answers to the questions that are specific to your situation. To preview the finest real estate and ...
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By Jane Kosheleva
(Markett)
Price: $879,000 FIZBER.com ID 11646509 Single Family with 2 bed, 1.0 bath, in 360 N. la Jolla Avenue Los angeles, CA, 90048 http://www.fizber.com/11646509/ 360 N. la Jolla Avenue - For Sale By Owner Property Details: Type: Single Family Address: 360 N. la Jolla Avenue, Los angeles, CA, 90048 Sq footage: 1184.0 Floors: n/a Bathrooms: 1.0 Bedrooms: 2 Year built: 1928 View full property details and seller's contacts. View more California homes for sale. Homes for Sale by Owner. Description: Nestled among multimillion-dollar homes, this beautiful and classic Spanish revival home dates to Hollywood's heyday in the roaring 20's. No detail has been overlooked. Restored to its original state, vintage hardware and fixtures throughout. Cottage windows, hardwood floors, Walker Zanger tile, coved ...
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By Andrew Jones, LA Beach Cities Homes 310-399-3740
(Horizon Pacific Realty )
Los Angeles is one of the most expensive real estate markets in the country. That can make it tough for regular folks trying to live and work here. But there are still some really nice neighborhoods in the L.A. Basin proper that you can own a home in for less than $500k (in many cases less than $400k.). You don't have to move to the San Fernando Valley or San Bernardino, and since these homes are in the center of Los Angeles they're all great investments with a tremendous potential for appreciation. Before I start listing specific areas, remember that homes for under $500k can pop up in places that you might not expect. The Hollywood Hills is a perfect example of this. Usually there is an issue of some kind: the home is odd in some way or a fixer, it's on a small or irregular lot, the n...
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By Alberto Pacheco, Experience and Trust
(Home Smart Evergreen Realty)
New Listings: 285 Average Listing Price: $ 322,951 Listings Under Contract: 122 Average Listing Price: $ 246,030 Sold Listigs: 145  Average Listing Price: $ 255,616 % Sales Price Versus Listing Price: 95.89 % % Sales Price Versus Old Listing Price: 87.44 %  Average Days on The Market: 79    http://www.stoppayingrentinla.com Fha, Mls, Foreclosures, Schools, Mortgage Calculator
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
  As we look at month over month we have seen life come into the Real Estate market. Now let us review and see what the true numbers are vs. the perception.           January           February            March               April                May                June   Active:  51                  55                      60                    58                   50                     42   Pending:  3                   10                      7                      8                      12                   17   Accepting Backup: 2       4                     5                      7                      13                    11   Sold:        3                       3                     4                      7                      12                    12   As I look at these num...
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By Johnny Burke
(Keller Williams Realty)
Have you thought about buying a house, but worried about further price drops? What if you think the bottom is no where in sight?  Or you own property and want a way to protect your equity?  This article  from Marketwatch addresses the current financial crisis which Robert Schiller describes as " a failure to manage housing risk." This should be required reading for homeowners, and investors alike, for the same reason commodity futures markets were created- to hedge risk.
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By Andrew Jones, LA Beach Cities Homes 310-399-3740
(Horizon Pacific Realty )
 Venice Beach has consistently been one of the miraculous exceptions to the disastrous housing slump of the last couple of years. Though some property owners have had to revise unrealistic expectations of their properties value and a few unlucky souls who bought at the height of the market are now in for more than their investment is worth, property values in Venice have held remarkably stable for the last two years and the area has continued to enjoy some sales activity unlike many of the surrounding neighborhoods. I think that the reasons for this are twofold. One, even though Venice can command some of the highest prices in Los Angeles per square foot, this is an older neighborhood which is still undergoing ‘gentrification,' with homes dating from the early to mid-1900's that are muc...
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By Matt Sweeney, Rich Kids Real Estate
(Rich Kids Real Estate: The Brokerage)
As I had blogged yesterday, downtown is an area that I am not overly familiar with. Like I've said many times, I am definitely a Westside type of guy (meaning no further east then Hollywood) and typically so are my clients. Yesterday was my first excursion into the world of slick new highrises and urban (but chic) downtown lofts. I have to say, I dug the whole scene much more than I anticipated. A lot of thought and design has been put into these new urban communities that are springing up and if you are willing to try something off the beaten path, there is a whole lot of bang for your buck to be had. Yesterday I tweeted as I went through each property to give you a quick snapshot of what I was looking at, as well as my adventure navigating through downtown. There are two properties in...
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By Matt Sweeney, Rich Kids Real Estate
(Rich Kids Real Estate: The Brokerage)
It is slim pickings this week due to the upcoming 4thof July holiday weekend. Since there is not a whole lot new in West Hollywood (with the exception of  The Vue- see below) or Beverly Hills, I am going to make my way downtown to see what's happening with all these new high-rises that are popping up. To be honest, I have never been a huge fan of downtown. In my book, walkability and convenience are huge components to happy living in Los Angeles. Since I have very few clients that work or play in the downtown area, I  tend to avoid this place altogether. Conversely, I have heard some positive feedback about some new projects that have just sprung up at very competitive prices. I'll be twittering my thoughts on each property as I see them, so if you happen to be in one of these areas and...
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By Johnny Burke
(Keller Williams Realty)
WHAT IS A FORECLOSURE RESCUE SCAM?A Foreclosure Rescue Scam is when a thief pretends to ‘Help' people in foreclosure, but is really trying to steal their money. There are many different types of scams and there are more scam artists than legitimate counselors. Once you are in foreclosure, your name, address, and the fact that you are desperate to save your home are public information. Scam artists send you a piece of mail or call you and promise to ‘Save you from foreclosure' or to ‘solve your problems.' But, BEWARE! They are out to get what little money that you have left. If you want to stay away from the scam artists, read on! THE TYPES OF RESCUE SCAMSThe ‘Pretend to help you' scam is where they tell you that they will call your lender for you. All you have to do is give them money a...
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