Great question. The truth is that, lately, the number of sales is quite a bit higher than the number of listings. Our inventory is shrinking and this is not a condition that leads to a lot of obvious deals.
So, where is the opportunity?
I think it is time to think about moving up to the next house! The conditions to move have never been better:
We have the first EVER tax credit for move up buyers ($6500)
Presumably your current home is in the lower price range, where there is high demand... Read Full Story
I have heard buyer after buyer cite the coming tsunami of foreclosures as a good reason to hold off on buying a home. Heck, I’ve even said that the foreclosures are “out there”, though I thought they would show up in a loooooong steady stream.
Out in the Twitterverse, however, I came across an interesting article that posits the idea (documented, according to the author) that this is just a myth. There is no “shadow inventory of foreclosed homes”.
The... Read Full Story
I have heard buyer after buyer cite the coming tsunami of foreclosures as a good reason to hold off on buying a home. Heck, I’ve even said that the foreclosures are “out there”, though I thought they would show up in a loooooong steady stream.
Out in the Twitterverse, however, I came across an interesting article that posits the idea (documented, according to the author) that this is just a myth. There is no “shadow inventory of foreclosed homes”.
The article w... Read Full Story
Ok, my Darling Chitlins. I well know this is outta the box- even for me. But here’s how the universe works and why life is so beautiful.
Bill and Elizabeth, who are these terminally cool residents of Northwest Glendale, love the way I work. (Thank you guys, I love you too!). Bill’s best friend grew up in the Palisades and needed to sell the family estate. Bill told his friend about me, I pulled in a phenomenal local expert and, badda boom badda bing, I have a total Deal Aler... Read Full Story
Check out this fancy graph, Chitlins! We’re going upscale at Kendyl’s Open House.
The main story continues to be the dropping number of homes for sale and the rising number of homes being sold. In fact, we had a high of 10.4 months of inventory on the market in February of this year- we are now at 2.3 months of inventory. We have had a steady rise in the number of homes sold each month for most of this year.
Prices, however, seem quite stable. The average price rose 1.2% over... Read Full Story
