L.A. real estate news and insights.
Mortgage rates fell again today, 11/14/23. The average rate on the 30-year mortgage fell 18 basis points to 7.40%.
The bond market rallied after government data showed inflation was lower than expected.
Wall Street has started to lower its expectations for more Federal Reserve rate hikes ahead.
Source: Diana Olick from CNBC
Leah Remini lists Studio City home again... now with a $500K price drop.
This home has 6 bed/8 bath, 10,100 sq. ft. of living space, and is on 1.5 acres.
The Lockridge Estates property features a main house, guest house, theater, pool, a large flat yard, pool, and putting green
Original asking price: $12,995,000
Asking price: $12,499,000
Former convent hits the market in Sherwood Forest.
This multi-structure property has a total of 9 bed/9 bath, 4,625 sq. ft. of living space, and is on over 1.15 acres.
This converted property features a full chapel, altar, tabernacle, sacristy, library, and a pool.
Asking price: $2,500,000
Buy the home that Jennifer Aniston lived at while filming "Friends."
The property features a main residence, pool house, A-Frame guest house, a hillside bungalow, and panoramic views.
Asking price: $2,595,000
Who cares about high-interest rates when you are buying your home in cash?!?
About 43% of luxury homes that sold in the third quarter of 2023 were purchased in cash, up from just 34.6% a year earlier.
By comparison, just 28% of non-luxury homes that sold were bought in cash, little changed from the third quarter of 2022.
Source: Redfin
Featured in Hulu's mini-series ‘The Dropout,’ this LA estate finally sold!
This mansion has a total of 10 bed/12 bath, 24,488 sq. ft. of living space, and is on 1.5 acres.
This Holmby Hills property features a main house, guest house, theater, pool, jacuzzi, pond, tennis court, gym, and gardens.
Original asking price: $49,500,000
Selling price: $34,550,000
Dodgers All-Star Mookie Betts lists Encino home again at a lower price!
This newer construction home features a home theater, gym w/ sauna, zero-edge pool/spa, putting green, a 2-story guest house, and a gym/basketball court.
Asking price: $8,495,000
Text me for a tour at 818-445-7953.
Danny McBride’s duplex penthouse is for sale!
The property features panoramic views, a media room, a private outdoor terrace with a fireplace, a rooftop pool/hot tub, 24-hour staff, and secure access.
Asking price: $1,795,000
Text me for a tour at 818-445-7953.
The Federal Reserve left interest rates unchanged on Wednesday, the first time in nearly two years that the central bank paused rates over the course of two consecutive meetings.
While some have interpreted the latest pause as a sign that the Fed is nearing the end of its rate hikes, inflation remains stubbornly above the central bank’s 2 percent target, and the labor market is hotter than officials would like.
Federal Reserve Chair Powell said the strength of consumer and small business finances may have been “underestimated” as spending remains strong.
Barring any major news stories over the next 45 days, I'm anticipating a rate hike at the Fed's December meeting.
Source: The Hill
For a private tour call/text the listing agent, Daniel Madariaga, at 818-445-7953. For more info visit VictoryCondo.com.
15070 Victory Blvd. #103
Van Nuys, CA 91411
Located within a secure gated community, this single-level condo offers 2-bedrooms, 2-bathrooms, and a large balcony with garden views.
The primary bedroom has an ensuite bathroom with a walk-in closet. Enjoy cooking in the well-equipped kitchen, complete with stove and dishwasher.
Other features include central AC/Heat, an in-unit washer and dryer, and a gas fireplace. The unit comes with 1 gated parking spot and a private storage unit.
The complex features a pool and BBQ areas. Pets are welcome. HOA dues include the unit's water bill.
The property will be delivered tenant occupied. The tenant's lease ends on 1/31/24. Rental income is $2,375 per month.
This is the best fixer-upper for sale in Studio City.
This Coldwater Canyon home has 5 bed/5 bath, 4,500 sq. ft. of living space, and is on a 7,573 sq. ft. lot.
Asking price: $1,825,000
Text me for a tour at 818-445-7953.
Shhhh... here is what Jennifer Lopez's house is going to sell for...
This French Country hideaway has 9 bed/13 bath, 12,817 sq. ft. of living space, and is on 8 acres.
The expansive grounds include a guest house/studio/gym, a 100-seat amphitheater, an entertainment pavilion with a full kitchen, and a private lake with a sandy beach.
‘Euphoria’ Star Hunter Schafer bought a modernist gem by Architect A. Quincy Jones.
This property has 3 bed/3 bath, 2,085 sq. ft. of living space, and is on a 9,265 sq. ft. lot.
A cocktail of high mortgage rates and high home prices has driven potential buyers to back out of deals at the highest rate in a year.
Monthly pending home sales that fell out of a contract in the US for the month of September notched 16.6%, the highest since October 2022 when mortgage rates surpassed 7%.
Of the 50 most populous metro areas analyzed, cities in Florida were found to have been hit hardest by rising deal cancellations in September. Jacksonville, Orlando, Tampa, Fort Lauderdale, and Miami all saw deal cancellations above 20% of pending home sales. At the top of the charts was Atlanta, with 24.4% of home deals that fell through.
Source: Business Insider
Mindy Kaling buys Beverly Hills fixer-upper.
This home has 6 bed/6 bath, 6,066 sq. ft. of living space, and is on a 44,549 sq. ft. lot.
The property features a champion-sized tennis court, pool, 2-car garage, gym, detached guesthouse, and separate entry and exit gates.
