Hello everybody and welcome to another episode of The Reside Daily Bite; I’m your host David Doucette and today, we have this week’s weekly market report for the Westside of Los Angeles for the communities of Santa Monica, Venice, Mar Vista/Palms, West LA, Culver City and Westchester. You can also visit my website to download and print out this report. And that is residerealestate.com/blog and look for episode 059 and you can download it right there. Alright, let’s jump into the activity today. I want to talk specifically about Santa Monica.
I discuss some overall figures, statistics and analysis for Westside housing Market. Also included in the discussion is the recent activity this past week for homes under $1.2 million in the communities of Santa Monica, Venice, Mar Vista and Palms, West LA, Culver City, and Westchester.
Here are some tidbits on 2010′s market trends; the main two factors to consider to get our housing market moving; and how realtors can benefit from social media strategies. read more
I discuss the importance of looking at the price per square foot in your neighborhood to get a good idea of market value, especially when your considering buying or selling a home.
Hello and welcome everybody to another episode of the Reside Daily Bite, I’m your host, David Doucette. Today, I’m happy to bring out the board – the board is back! It is Tuesday, so here in LA area, we do – our brokers- open on Tuesdays and I want to talk briefly about the price per square foot.
There’s some good news coming from inmannews.com & foreclosureradar.com that indicates the foreclosure cancellations in california have increased 174% over the past year meaning banks are starting to work more with homeowners to avoid foreclosure.
I discuss a news piece that aired on 60 minutes last night about a new trend of homeowners walking away from their mortgages even though they can afford their home payments because their mortgage is “underwater”. read more
I discussed an article i just recieved from the California Association of Realtors and the findings of a group called First American CoreLogic. The results may surprise you.
In this episode, I discussed a recent AP article that shows the small cost differential between renting vs. owning a home. you can read the artcle here.
Hello everybody and welcome to another episode of the Reside Daily Bite; I’m your host, David Doucette. Today, I want to talk to you about a recent article, an AP article, out of DailyNews.com that talks about renting versus home ownership. The title of the article is “Should you buy or rent a home? Cost gap narrows”.
I discuss an article about the skinny on those “free” credit report companies. i also give you the website to order your truly free credit report at www.annualcreditreport.com.
Hello and welcome everybody to another episode of the Reside Daily Bite; I’m your host, David Doucette. Today, I want to talk to you about pre-credit reports and this is something that I think is important for all of us, as consumers. And there’s an article that came out of the San Francisco Gate a couple of weeks ago titled “Free credit reports not so free anymore“. What this is they’re cracking down the kind of misleading advertising that somebody’s credit reporting services are promoting.
the following was sent to me this afternoon from the California Association of Realtors’ “Realegal newsletter”. it essentially states the funds for the first-time homebuyer tax credit won’t be around for long. if you’re sitting on the fence about buying a home, you need to read this;
The $100 million allocated for California’s first-time homebuyer tax credits may be depleted in about 10 to 20 days or sooner, according to C.A.R.’s Economics team. California’s Franchise Tax Board (FTB) plans to begin accepting applications on May 1, 2010 for tax credits up to $10,000 for first-time homebuyers and for homes that have never been previously occupied. However, the total tax credit allocation for all taxpayers is $100 million for first-time homebuyers and $100 million for new homes, both on a first-come, first-served basis.
C.A.R.’s forecast of 10 to 20 days to deplete the $100 million allocation for first-time home buyers is based on estimated May sales figures and other parameters. It does not take into account the possibility that buyers scheduled to close escrow in April may delay closing until May to take advantage of the tax credit. If a shift in closings from April to May occurs, the first-time homebuyer tax credits may be depleted even more quickly than indicated above.
Applications for the California tax credit must be faxed to the FTB after escrow closes. The FTB will update its website when the 2010 application form and other information become available.
