My phone number is 818-445-7953.
I need your referral help for the rest of 2022
It would mean the world to me if you referred me to a friend, co-worker, or neighbor that you think is getting ready to sell their property in 2022.
Text me anytime at 818-445-7953. Thanks!
Lay your eyes on this "HOT HOME" in the Burbank Foothills!
Text me if you want a tour at 818-445-7953.
"Hot Home” alert in the Burbank hills.
Asking price: $1,095,000
This home has 4 bed/2 bath, 1,126 sq. ft. of living space, and is on a 6,300 sq. ft. lot.
The home is a fixer-upper but has had some recent upgrades: a newer central heating furnace, relined main sewer line, and a reglazed bathtub.
I need your help! Please play the quick video below.
Do you have a friend, co-worker, or neighbor who is thinking about selling their property?
Referrals are what keep my real estate business going! I would be honored if you referred me to a homeowner that is getting ready to move.
Feel free to give them my number: 818-445-7953.
Thank you!
Suburbs remain popular, even as cities stage comeback
The pandemic triggered a suburban home rush, and more than a year in, that doesn’t appear to be letting up. Even as big cities stage a housing comeback, the suburbs remain hot.
The number of home buyers shopping nationwide for suburban homes has jumped 42.1% since the pandemic began, realtor.com®’s data shows. Suburban homes comprised 62% of online home views in September compared to 38% for listings in urban areas.
“The suburbs have always attracted home buyers looking for more house for their money, but recent data reflects just how much suburban competition has intensified,” says Danielle Hale, realtor.com®’s chief economist. “With the rise in long-term remote work options and downtown rents making a rapid comeback, suburban vs. urban housing dynamics are shifting.”
Suburban housing activity continues to accelerate at a faster pace than in urban areas, Hale says. Further, “the price premium is shrinking between notoriously expensive urban housing and suburban for-sale homes, typically known for more bargains,” Hale says.
Inventories are slim, however. The number of homes for sale in the suburbs was down 13% annually in September compared to 8% in urban areas, realtor.com® reports.
Prices are rising faster in suburban locales. In 2020, the suburbs outpaced their urban counterparts’ price growth for the first time since 2017. The median listing price per square foot reached $212 in the suburbs in September, which is 18% higher than a year ago and 28.4% higher than the pre-pandemic 2019 level, according to realtor.com®. On the other hand, the median listing price per square foot of urban homes was $226, 14.9%, and 25.4% higher than 2020 and 2019, respectively.
Come revisit these past "HOT HOME"s with me!
Here's an update on 2 "Hot Homes" that I told you about in October 2021.
Hot Home #1: Atoll Ave., Sherman Oaks
Asking price: $2,179,000
Sold price: $2,220,000
Hot Home #2: Griffith Park Dr., Burbank
Asking price: $975,000
Sold price: $1,112,000
Breaking News: We just sold this LA listing!
With a full-on marketing blitz on Instagram, Facebook, Tik Tok, Zillow, Redfin, Trulia, Etc... my latest Los Angeles listing was sold within days of hitting the market. The sellers are thrilled they no longer have to take care of this investment property. The buyers can't wait for the next chapter of their life to begin in their new home. I'm very happy it worked out for both of them! If you know someone who needs to sell their home, please text me their info, and I'll take care of the rest.
Here is my cell number 818-445-7953. Thanks!
CLICK HERE for the properties website.
I'm thankful for all my friends & clients!
It's pie time!
Today is my 4th annual Thanksgiving pie giveaway! To show my appreciation for all the real estate business, referrals, and kindness I have received this year, I'm giving away giant pies for Thanksgiving! Didn't get the invite?
Sign up below and you will get on the list for next year.
Happy Thanksgiving!
45% of prospective buyers keep getting outbid
A majority of house hunters say it’s not prices that are keeping them out of the housing market—it’s other buyers. 45% of prospective buyers recently surveyed say they keep getting outbid by other offers, according to a new survey from the National Association of Home Builders. The NAHB says this is only the third time in the survey’s history that the top reason prospective buyers have been unsuccessful has not been due to finding a home at an affordable price.
In the third quarter, 66% of active home buyers say they’ve spent three months or more searching for a home without success.
Source: National Association of Home Builders’ Eye on Housing blog
I need your referral help for the rest of 2021
Text me at 818-445-7953. 📱
"Modern Family" actress Julie Bowen sells in Hollywood Hills & buys in Toluca Lake!
"Modern Family" star Julie Bowen just unloaded her Hollywood Hills home.
Asking price: $3,850,000
Selling price: $4,200,000
This mid-century classic home has 4 bed/4 bath, 3,212 sq. ft. of living space, and is on a 44,709 sq. ft. lot.
The home features an open floor plan along with floor-to-ceiling walls of glass that offer an indoor/outdoor living experience.
The master suite has a fireplace, a huge walk-in closet, and an all-terrazzo master bath with a glass ceiling.
There is a small detached gym outside along with a pool, firepit, and covered patio.
She purchased Meghan Trainers’ old home in Toluca Lake that once served as Bing Crosby’s “carriage house”.
Take note of the cheapest STARTER home sold this week in the city of San Fernando
This is the cheapest home sold this week in the city of San Fernando.
Asking price: $520,000
Selling price: $585,000
This starter home has 2 beds/1 baths, 845 sq. ft. of living space, and is on a 4,592 sq. ft. lot.
This corner lot home features a recently remodeled kitchen, hardwood floors throughout, copper piping, and a new sewer line.
Who got the better deal, buyer or seller?
Here are some seller expectations...
•24% of homeowners expect to get more than their asking price.
•29% of sellers plan to ask for more than what they think their home is worth.
•16% of home sellers expect a bidding war on their home and to have multiple offers to choose from.
•25% expect to have an offer within a week of listing.
•16% expect to receive a cash offer.
•24% don't expect to pay for any repairs or improvements to the property.
•16% of sellers expect buyers to waive contingencies, such as financing, appraisal, or home inspection.
These stats are from a new survey from realtor.com of 657 homeowners planning to sell in the next 12 months.
Are these reasonable expectations?
Here’s an easy way to show your friends you care - REFER ME to sell their home!
If your friend is thinking of selling their home, I would appreciate it if you referred me.
Feel free to give them my number: 818-445-7953.
Thanks!
'This isn't a bubble'
Economists say the housing market isn’t getting overinflated. “We have strong conviction that we are not experiencing a bubble in U.S. housing,” Vishwanath Tirupattur, a Morgan Stanley strategist, wrote in a note to clients this week. Lawrence Yun, chief economist of the National Association of REALTORS®, agrees. He said: “This is not a bubble. It is simply lack of supply.
”However, the rapid rise in prices may be concerning to home shoppers. The median selling price for a home is up $35,000 compared to a year ago, which is the fastest-paced increase since 2006, Tirupattur said.
But this isn’t 2006. Housing inventories are low, credit remains tight, and lenders aren’t issuing risky loans at rates like they did back then. Product risk—such as from mortgages with introductory periods, teaser rates, or balloon payments—comprised about 40% of the mortgage market between 2004 to 2006. More recently, those factors are now at only 2% of the mortgage market, according to Morgan Stanley.
Also, the housing market has a record low number of homes available for sale. At the end of March, there were 1.07 million homes available for sale, according to NAR data. For comparison, during the housing bubble, in July 2007, there were more than four times that—4 million homes available for sale.
