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Los Angeles real estate Blog

Maintaining a good credit score

When Applying for Your Mortgage, It’s “FATE and RATE”

Gene Mundt, Chicago Mortgage Originator is always a mine of information re the mortgage industry. Here is information on the importance of maintaining a good credit score. Most of the loan applicants I work with come to me already aware of the fact that their credit scores and credit history contribute to and affect the interest rate quote they will receive upon application for a mortgage … They also …

Santa Monica real estate market report Sept. 2018

Santa Monica Real Estate Market Report 2018

How did the Santa Monica real estate market do in 2018 compared with the previous year.  Let’s take a look. Please note that the stats below run from January 2018 thru January 2019.   The number of single family homes sold in in 2018 was down 17% over 2017.  The number of condos was down 6%.   The median price for single family homes rose …

2018 California Housiong Market Report

California Housing Market Update 2018

The California Association of Realtors® (C.A.R.) released their 2018 housing market report. Here is an overview of the study: With years of low inventory, a good economy, and the solid growth of new households, home sales were predicted to rise. This was the case through April. However, in May housing demand dropped, prices continued to increase, but at a slower rate, and more homes …

What is dual agency in a real estate transaction

What is Dual Agency in Real Estate?

I have written often about dual agency in real estate and how to choose the right agent but there is an excellent article from the Consumer Federation of America which goes into great detail on the downside of consumers using the listing agent to help them negotiate their home sale or purchase. Here are some of the highlights of the article: Consumers believe that …

Wilshire Corridor condo market report 2018

Let’s Check in on The Wilshire Corridor Condo Market 2018

Another year has flown by and it's time to check in on the Wilshire Corridor condo market to see how sales went during 2018 by individual building. The numbers in red reflect the change over 2017. 1200 Club View Drive – Beverly West (Not all sales are reported through the MLS) Number sold: 2 Average price: $9,375,000 Average price per sq. ft: $2,363.50 Average ...
Westwood real estate market report November 2018

How is the Westwood Real Estate Market | November 2018

Your monthly update on the Westwood real estate market – November 2018, compared with the previous month and the same period in 2017.   The number of sales of homes last month was the same as November 2017 and up one over the previous month. Condo sales were up 13.6% over 2017 but down 14% over last month.   Inventory for single family homes …

Student loan debt solution

Student Loan Debt Solution Found

Gene Mundt, a Chicago mortgage originator discusses a welcome new addition to the Fannie Mae revised guidelines regarding student loan debt. Be sure to also read his previous post on those guidelines. Mounting Student Loan debt has become a huge concern … This is true not only for individuals carrying student loan, but for GSE’s (Government Sponsored Enterprises) like Fannie Mae that oversees and ensure mortgage liquidity …

5 mistakes to avoid when selling your home

5 Mistakes to Avoid When Selling a Home

Are you considering selling a home in Los Angeles in the near future? There are a lot of things to think about when putting your home on the market in order to give it the best exposure and ensure that you will maximize your sales price. Any one of these mistakes below can cause your home to linger on the market or simply not …

Brentwood real estate market report

How is the Brentwood Real Estate Market? – October 2018

Let’s see how the Brentwood real estate market  did in October 2018 and compare it to the same period in 2017 and the previous month. The number of homes sold in October compared with the same month in 2017 increased slightly. However there was a 68% drop in sold condos.   Inventory of single family homes increased slightly, and available condos increased by a significant …

Will I lose my good faith deposit when buying a home in Los Angeles?

Will I Lose My Good Faith Deposit if I Don’t Buy The Home?

One of the things that buyers, especially first-timers, are most nervous about is the good faith deposit, sometimes referred to as the earnest money deposit. They are worried that if for some reason they don’t end up buying the home they will lost their deposit. In the Los Angeles area the good faith deposit is no small amount. In the areas I work (see …

Santa Monica real estate market September 2018

How is the Santa Monica Real Estate Market? October 2018

Let’s check in on the Santa Monica real estate market for October 2018 and compare it to the same period in 2017 and the previous month.     The number of homes sold in October compared with the same month in 2017 rose slightly in both categories. There were also a few more sales in October compared with September 2018.   Inventory of single …

Westwood real estate market report

How is the Westwood Real Estate Market? | October 2018

Your monthly update on the Westwood real estate market – October 2018, compared with the previous month and the same period in 2017.      The number of single homes sold in October compared with the same month in 2017 increased slightly. Condo sales increased slightly. Compared with last month, single family home sales were about the same but condo sales increased by …

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