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Burbank, CA Real Estate News

By Joe Zapata, Your Burbank Real Estate Expert
(Keller Williams Realty Media World)
Please click on the following link to view all of our Open Homes for the weekend of September 8, 2007.Windermere Burbank Open HomesThere are some great homes being held open and we would love to see you there.If you have questions or would like to schedule a showing of any of these fine homes please do not hesitate to let me know.We look forward to seeing you there.
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By Ana Connell, Burbank Real Estate Agent
(G & C Properties)
 The Pending Home Sales number came out this morning at down 12.2% for July versus the 2% that was expected.  Realtors are reporting that sales are taking longer to close and many are failing to close.  Much of this, I'm sure, is tied to our current credit market situation and how much harder it is getting to qualify for a loan. On a more important note is what  the Libor rate is doing.  Libor stands for the London Interbank Offered Rate.  This is a widely used benchmark that many mortagages are tied to.  The 3 month Libor rate is at 5.72% with the one month rate at 5.82%.  What this means is that the many homeowners whose adjustable rate mortgages are tied to Libor are going to be in for a surprise when their payments readjust. This also highlights the fact that current rumors of an in...
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By Ana Connell, Burbank Real Estate Agent
(G & C Properties)
                                                                                                                             Monday  3Labor Day! Tuesday 4Construction Spending-Consensus 0% Good indicator of the economy's momentum.ISM Manufacturirng Index Consensus-53.0 Survey of manufacturing firms that measure their sentiments on a variety of areas including employment, production, new orders and inventories.Motor Vehicle Sales  Consensus 12.0M3 & 6 Month Bill Auction  Wednesday 5House Financial Services Committee holds hearing on recent events in the credit and mortgage markets and potential implications for U.S. consumers and the global economy. Pending Homes Sales Index-Release from NAR Gauges demand and momentum of housing marketChallenger Job Cut Report Announced corporate layoff...
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By Constance Stahl, Realtor
(JohnHart Real Estate)
Hello I read an article very  recently about the advantages of including a floor plan along with pictures and a virtual tour in marketing your listings.Potential Buyers can see the layout of the home and decide if the house interests them before they even see it. Saving the Realtor, home owner and buyer precious time!Below is an aticle about using floor plans as a marketing tool. If you want to schedule a floor plan service, virtual tour or other marketing tools please call Real Ease Marketing at: 818.332.3164 or visit our website at: http://www.realeasemarketing.com/http://query.nytimes.com/gst/fullpage.html?res=9804E0D7123EF932A25751C0A9619C8B63#We service all of Burbank, Los Angeles, Orange County and Ventura CountyThanks and have a great day!Connie
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By Constance Stahl, Realtor
(JohnHart Real Estate)
Hello This week's LA Times had a great article about pre listing home inspections. The article encourages this as a selling tool in selling Real Eastate in Burbank or the southern California area. It shows the potentional buyer that the seller is earnest in his efforts to correctly price his property and to have as smooth as possible transaction.The link is below. If you have any marketing or administrative needs now or in the future please contact me or visit my website at RealEaseMarketing.comThanks and have a great day!http://www.latimes.com/classified/realestate/news/la-re-inspect26aug26,0,413106.story?coll=la-class-realestate-news 
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By Ana Connell, Burbank Real Estate Agent
(G & C Properties)
                                                                                            Monday 27Existing Home Sales-consensus 5.70M..... Year to year this number has dropped 11.4% and housing supply at 8.8 months.  June sales were down 3.8%.3 & 6 Month Bill Auction Tuesday 28 ICSC-USB Store Sales  Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales.  Is considered to be one of the most timely indicators of consumer spending. Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales.  This measure tracks weekly sales from discounters, chain and department stores.Consumer Confidence -Consensus 105FOMC Minutes 4 Week Bill Auction & 20 Year Tips AuctionWednesday 29MBA Purchase Applications measures ...
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By Ana Connell, Burbank Real Estate Agent
(G & C Properties)
 Thought I would write a post that highlights certain items of interest coming up at the next Burbank City Council Meeting.This week the Burbank City Council will be discussing the following items of interest:Quiet ZoneThis resolution, if passed, will look into designating the Buena Vista Street rail crossing a quiet zone.  What this means to you is that for a 1/2 mile either way, trains cannot sound their horns.   Glenoaks RehabCouncil is looking into approving an agreement with City of Glendale where a Burbank portion of Glenoaks Bl.  would be included in City of Glendale's rehabilitation project.  City of Burbank would contribute a portion of the cost, not to exceed $108,530. The Burbank City Council meets at City Council Chambers in City Hall, 275 E. Olive Ave.  Tuesday at 6:30pm. ...
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By Joe Zapata, Your Burbank Real Estate Expert
(Keller Williams Realty Media World)
As i was talking to Marlene Bridges today I was reminded of a great restaurant in Burbank that I wanted to share. Since 1946 "The Smoke House" has been a community favorite.  It offers a fantastic menu and increadible Sunday Brunch.  The restaruant is visited by a few celebs as it is situated directly across the street from the Warnet Bros main lot here in Burbank.This is a must visit for any Steak or BBQ lover as you will not be disappointed in what you get.  They also boast to have "The worlds best Garlic Bread".For hours and to view a menu please visit The Smoke House Website and enjoy. 
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By Joe Zapata, Your Burbank Real Estate Expert
(Keller Williams Realty Media World)
We are pleased to announce our FREE Home Buyers Class.  This is great opportunity for first time buyers to be introduced to the home buying process as well as for repeat buyers to get up to speed with the current real estate market.  You will be able to speak with leading professionals in the fields of Title Insurance, Home Warranty, Mortgages, Home Inspection as well as Seasoned Realtors.All are welcome but seating is limited so please call to reserve your seat today.We hope to see you there.
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By Ana Connell, Burbank Real Estate Agent
(G & C Properties)
                                                                                                                            Monday  20Leading Indicators-Consensus .4% -Report looks at ten different sources that are supposed to indicate overall economic activity.  This figure tends to be revised after the fact and does not do a great job of predicting downturns or upturns.  3 Month & 6 Month Bill AuctionTuesday 21 ICSC-USB Store Sales  Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales.  Is considered to be one of the most timely indicators of consumer spending. Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales.  This measure tracks weekly sales from discounters, chain and department stores.S...
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By Ana Connell, Burbank Real Estate Agent
(G & C Properties)
 And what a week it was!  We saw housing starts and permits fall to their lowest level since 1996!  Then Merrill Lynch put out a report suggesting that Countrywide Financial Corp., the biggest U.S. mortgage lender, could go bankrupt, naturally they lowered the stock rating to a sell.  Next day, Countrywide had to tap it's $11.5 billion dollar bank line to finance it's operations.  Not good news.Today the Fed took action to lower the discount rate by .5% to 5.75% and infuse dollars into the system to try and counteract the liquidity squeeze that we are seeing.  This was viewed as an extraordinary move as the Fed has not reacted this way since 2001.   This action by the Fed did serve to stem the market losses for the week and give us the biggest rally in four years for the S&P 500.  The ...
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By Dom Naidoo, Malibu to the Marina Real Estate
(Westside Properties)
Toluca Lake Compound!Gorgeous 5 Bed 6 Bath Custom Built Home GEORGEOUS CUSTOM BUILT HOME IN TOLUCA LAKE/BURBANK. OVER 4400 SQ. FT. MAGNIFICENT SPANISH 5 BEDROOM, 6 BATH HOME WITH GUEST HOUSE. LARGE FIREPLACE IN FAMILY ROOM SEPARATE THEATRE/POOL HOUSE, BEAUTIFUL POOL & SPA PLUS OUTDOOR SHOWER A MUST SEE! Courtesy of Windermere Real Estate Dominic Naidoo 310.968.0418
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By Ana Connell, Burbank Real Estate Agent
(G & C Properties)
                                                              Monday 13Retail Sales- Consensus 0.2 Business Inventories-Consensus .4% 3 Month & 6 Month Bill AuctionTuesday 14Producer Price Index  PPI Consensus Forecast for July 07: +0.1 percent  ICSC-USB Store Sales  Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales.  Is considered to be one of the most timely indicators of consumer spending. Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales.  This measure tracks weekly sales from discounters, chain and department stores.International Trade Gauges economic trends by measuring levels of imports and exports. 4 Week bill AuctionWednesday 15Housing Market Index-Produced by the National Associati...
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By Constance Stahl, Realtor
(JohnHart Real Estate)
  Hello Inman News had a great interview with Craig Newman of Craigslist and Alex Perriella of Realogy. It is a little long but offers great insight to the future of internet advertising!http://www.inman.com/hstory.aspx?ID=64162I watched the whole thing and am spending sometime today checking out Second Life, Yahoo classified and google. If you are a Realtor and need website maintenace, virtual assistance, marketing assistance, or products -  Real Ease Marketing offers a great program for you!Connie StahlReal Ease Marketing
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By Constance Stahl, Realtor
(JohnHart Real Estate)
HelloI was wondering if anyone checked out what Inman news had to say about marketing, both online and offline. Very interesting! Seems they did a study and the most effective tool the Realtor still has available to him is - POSTCARDS!! Of course, these postcards are branded to your team or company and are a tool to drive clients to your website. But I found it very interesting that in this high tech world people still like to hold and touch advertising. Check it out: http://www.inmantv.com/?cat=62It also went on to say that your website is your hub and all advertising should direct peoplet to it. Keeping it full of facts and information is important as wellLet me know your thoughtsConnieReal Ease Marketing818.332.3164
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By Ana Connell, Burbank Real Estate Agent
(G & C Properties)
 If you are like me and try to recycle as much as possible you will want to read on!If you have any batteries, old eyeglasses, cartridges from your printers, CD's and DVD's you can take them to your local Burbank library!   Just bring them to any Burbank library location and they will take care of recycling these items.While I'm talking about recycling, please don't forget to call City of Burbank to take away your bulky items!  This free service is available by calling the Bulky Hotline at 818-238-3805. Just give them two days notice and they will come by on your regular collection day to pick up your items.  Construction and demolition materials are not included! My website is under construction, but come visit me at anaconnell.com! 
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By Ana Connell, Burbank Real Estate Agent
(G & C Properties)
                                                Are you thinking about buying a bicycle or getting back on the dusty one in your garage after watching the Tour De France?   If you are, then you might want to check out the great online maps that are available for bike paths in Los Angeles County.  Another great place to look is Los Angeles Department of Transportation's (LADOT) Bicycle Maps page which has a list of bicycle path maps throughout Southern California. The great thing is that you can go for short scenic rides, such as the Chandler Bike Path or get your heart racing with a longer jaunt.  The dedicated bike path along the Los Angeles River is great if you want to take the kids and not have to worry about traffic.  The only downside is you are right next to the 5 Fwy as well.   ...
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By Ana Connell, Burbank Real Estate Agent
(G & C Properties)
                                                                                                                                                                                                                                                                                                                                            Monday  6 3 & 6 Month Bill Auction Treasury Strips Tuesday  7 ICSC-USB Store Sales  Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales.  Is considered to be one of the most timely indicators of consumer spending. Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales.  This measure tracks weekly sales from discounters, chain and department stores.Productivity and Costs  T...
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By Ana Connell, Burbank Real Estate Agent
(G & C Properties)
  For those Burbank and Toluca Lake residents looking to increase your academic prowess or just learn something new, the Burbank Adult School Fall 2007 Class schedule is out!The Burbank Adult School includes but is not limited to classes for:ParentingComputer LiteracyForeign Languages Health Occupations TrainingPhotographyand much more!!!! This campus is conveniently located at: 3811 Allan Avenue Burbank, CA 91505  For more information, please call (818) 558-4611.
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By Ana Connell, Burbank Real Estate Agent
(G & C Properties)
                                                          City of Burbank Water and Power has a really great tool, the Home Energy Analyzer, that can help you analyze your home's annual energy consumption and give you suggestions as to how you can improve your home's efficiency.I would recommend that you have at least a few months of your previous gas and power bills handy as part of the process includes entering what you paid for these items for the last year.  If you don't have this information, don't despair!  It's worth taking the assessment anyway. It will take you approximately 5-10 minutes or so to answer all the questions, but once you do you will end up with great information about your energy usage and how it compares to the average home.  The best part of this is that it is F...
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