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Los Angeles, CA Real Estate News

By Johnny Burke
(Keller Williams Realty)
WASHINGTON, Nov. 5 /PRNewswire-FirstCall/ - Fannie Mae (NYSE: FNM) is implementing the Deed for Lease(TM) Program under which qualifying homeowners facing foreclosure will be able to remain in their homes by signing a lease in connection with the voluntary transfer of the property deed back to the lender. "The Deed for Lease Program provides an additional option for qualifying homeowners who are facing foreclosure and are not eligible for modifications," said Jay Ryan, Vice President of Fannie Mae. "This new program helps eliminate some of the uncertainty of foreclosure, keeps families and tenants in their homes during a transitional period, and helps to stabilize neighborhoods and communities." The new program is designed for borrowers who do not qualify for or have not been able to su...
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By Debby Dutilh
(Art and Soul Home Staging)
Del Rey News, both on-line and in print, is always chock-full of exciting articles about local happenings and the people making them happen. Art and Soul Home Staging is proud to have been featured in the latest edition alongside many other local businesses and organizations contributing to keep Westchester, Culver City, Playa del Rey, Marina del Rey and Venice vibrant and thriving. Of course, I think all of the articles are worthwhile and informative. Alas, I can't cite them all here-- after all that's what the local press is for! Nevertheless, for the Arts in Art and Soul, here are just a few. Because my mom was an actress at  Kentwood Players in Westchester way back at their beginning,  I have a special fondness for little theater, especially, this one who is celebrating its 60th ann...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
I just showed a property in Echo Park to a client of mine.  It is a new, loft-style condo development on a busy street, but it has tremendous views. (You can see the Hollywood sign top left and Griffith Park Observatory just below and to the right) Every time I visit Echo Park I  am reminded of its uniqueness.  There are so many different neighborhoods and architectural styles, from mid-century modern, and craftsman, to the modern, and the area is a veritable melting pot of cultures.Its proximity to Downtown Los Angeles and  Burbank, and Universal City makes Echo Park a desirable area for entertainment people and young professionals.  Once the poor cousin to trendy Silver Lake and Los Feliz, it is becoming more and more upscale.  Echo Park is still one of the more affordable areas of Lo...
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According to the MLS, there were 15  SFR sales  in October in the Beverly Center-Miracle Mile area at an average of $466/sq. ft., which is 21% below the 2006 market peak. With 61 active listings, and an average of 11.6 sales per month YTD, this indicates an inventory of 5.5 months. There are also 99 REO, or bank-owned properties in the area at the moment. Although it is common to have a 1-2 month pipeline for REO property that is not yet listed with a broker, another 99 houses represents an additional 8.5 months of unlisted, or "shadow inventory." In the Beverly Center-Miracle Mile condo market  there were 4 sales in October at an average of $442/sq. ft. which is 16% below the 2006 market peak. With 37 active listings, and an average of 6.5 sales per month YTD, this puts the condo inven...
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By Paul Argueta
(REOheaven.com)
8801 Baring Cross St Los Angeles CA 90044 now sold!!! $154,000!! http://tinyurl.com/ozslc8
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
  Friday night regulators seized a Los Angeles based bank, California National. No fanfare, almost hidden in the Halloween revelry. I am outraged it is not front page news. This bank is the fourth-largest bank failure this year and no one is talking about it.  As soon as the regulators seized it, they sold it immediately to US Bancorp a Minneapolis based bank. How could this happen? All the tax payer money could not save this bank? I am outraged, where are the politicians? Where are the banking regulators?  California National Bank with $7.8 billion in assets and $6.2 billion in deposits, again how could this be allowed?  Well the answer is attributed to losses on securities issued by the giant mortgage companies Fannie Mae and Freddie Mac. As you might recall the government takeover ma...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
For Fox Sake!www.thedailyshow.comDaily Show Full EpisodesPolitical HumorHealth Care Crisis
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By Lupe Soto-Realtor, Listing, Selling Burbank, San Fernando Valley LA
(Premier Realty Assoc)
HAPPY HALLOWEEN! from Lupe Burbank Realtor (818)968-3718, find your next home or condo www.HomesWithLupe.com            It’s Lupe!Burbank Realtor www.HomesWithLupe.com (HABLO ESPANOL) www.CasasConLupe.comCall (818)968-3718 for faster serviceEmail Lupe: Lupe@HomesWithLupe.com Lupe is a short sale Realtor and pre-foreclosure specialistCall Lupe Soto, Realtor to list and sell your home or condo in Burbank Real Estate , CA, San Fernando Valley Real Estate , Palmdale, Rancho Vista, Anaverde & Greater Antelope Valley Real Estate           
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By Lupe Soto-Realtor, Listing, Selling Burbank, San Fernando Valley LA
(Premier Realty Assoc)
Buyer's Agent Burbank, CA San Fernando Valley, Los Angeles County. What an exclusive Buyer's agent can do for you? Buyer's Exclusive Agent - How you can benefit from it? (HABLO ESPANOL) Why is it important for a homebuyer to choose LUPE SOTO as your Buyer's Exclusive Agent? Well for one, it's the difference between service and selling.  The Buyer's Agent offers you service - The Listing Agent is selling their product. Whether you are searching for a condo or townhouse new construction properties or resale homes, income property duplex, triplex or fourplex , leases with option to purchase in Burbank, Toluca Lake, San Fernando Valley areas, Palmdale/Lancaster in the Antelope Valley, in Los Angeles County, there are two sides to a real estate transaction, the Buyers side, and the Sellers s...
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By Lupe Soto-Realtor, Listing, Selling Burbank, San Fernando Valley LA
(Premier Realty Assoc)
  According to news reports this morning, Senate negotiators reached a tentative deal on extending and slightly expanding the $8,000 first-time home buyer tax credit. Here's the tax credit new deal Senate negotiators apparently reached: The current $8,000 first time home buyer tax credit would be extended for contracts that are finalized by April 30, 2010 and close by June 30, 2010. This is supposed to help Realtors and mortgage lenders get through the supposed "slow" Winter selling season. In reality, while traffic is down, the housing sales numbers in the winter aren't all that different from summer and fall. But by allowing the tax credit to continue until June 30, you're also allowing those who buy next Spring to take advantage of the tax credit - and we'll have to read the fine pri...
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By Bryan Dasilva
(ForeclosureDataBank.com)
Los Angeles is the 2nd largest city in United States. This largest city of California foreclosures is also known as the “The City of Angels”. The total area of this city is 498.3 sq mi and according to the data collected in 2006 the total population was 3,849,378. Since all sorts of industries are there in this city, it is obvious to find people opting for this particular city to live in. However, it is not easy to get a home in this part of the world but you can always consider the option of Los Angeles foreclosures to get things done by spending less. There are lots of foreclosure homes available in Los Angeles. These homes provide first time homebuyers to own a home at discounted price. In fact, you can save more money by opting for a home in short sales. But, it is crucial to mentio...
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By Johnny Burke
(Keller Williams Realty)
According to recent data from Relocation.com, the number of people leaving the state is shrinking compared to the number of people moving to it, a crucial gauge for measuring the state's rebound from economic calamity.  As recently as 2005, 60.7% of the relocation activity was outbound- in other words, for every 2 people who were moving, 3 were leaving. That kind of migration can decimate the local tax base and contribute to a further erosion in the state's quality of life. However, that outbound number has been slowly decreasing every year, from 58.6% in 2006 to 54.99% in 2009 year to date. These numbers are reflected in the Los Angeles data. We looked at the data for all moves in Los Angeles, including moves made within Los Angeles. We found that outbound Los Angeles moves accounted f...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
Since I poured water on my poor laptop and it is in intensive care in hospital, I am typing on my Dell Mini Inspiron netbook, so I have to type small.Oops, that's better, I stretched it a bit.And now for something completely different.I thought I would encourage first-time buyers to always make a back-up offer on the house they love.Don't be afraid to make that first offer.  It is an excellent opportunity to get your feet wet.  And is something like learning to ride a bicyle.  As you go along you feel more and more comfortable, and you never forget! And don't be disheartened if you are not accepted.  Make that backup offer!Case in point:My first-time buyers just made an offer on the first house that I, their new agent, showed them.  It is extremely inexpensive by Los Angeles standards, ...
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By Paul Argueta
(REOheaven.com)
1100 Wilshire Blvd APT 2508 Los Angeles CA 90017 1 beds, 1.0 baths, 820 sq ft coming soon!! http://tinyurl.com/yjwcdxn
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
"Joe The Bummer" - As eloquently described on The Huffington Post
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By Alberto Pacheco, Experience and Trust
(Home Smart Evergreen Realty)
   Single Family Residence  Time Period Number of Sales Median Sale Price   Sep 2009 4,875 $340,000   Sep 2008 4,519 $360,000   Aug 2009 4,686 $330,000   Aug 2008 4,937 $380,000   2009 YTD 41,133 $320,000   2008 44,830 $400,000   Condominium  Time Period Number of Sales Median Sale Price   Sep 2009 1,700 $336,500   Sep 2008 1,612 $359,000   Aug 2009 1,599 $349,000   Aug 2008 1,721 $367,500   2009 YTD 13,784 $340,000   2008 15,687 $385,000  http://www.stoppayingrentinla.com   Tarzana Real estate, Foreclosures, Probates, Nods, Short Sales  
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By Sharona Byrnes
(Berkshire Hathaway HomeServices California Properties)
So You've Decided to Move to Los Angeles - Now What? 10+ Million people in the county, 4+ million people in the city proper.  88 incorporated cities within Los Angeles County. 80+ Unincorporated areas and communities. Move to Los Angeles - simple? Not really. People who have never been to Los Angeles, who have never lived here, have no idea the scope of this place.  When I lived in Columbus, OH (which I totally loved), I could get from the tippy top north to the very south of the city area in about 30 minutes.  Here, it can take me 30 minutes to get to the correct freeway (when there is no traffic).  What is a newcomer supposed to do? First, figure out where you HAVE to be (your job, your key community, your family, whatever is most important). Next, figure out what you WANT to have: ur...
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By Robert Vegas Bob Swetz
Vegas Bob's opinion on U2 concert 10-23-2009 (please read to help FREE Burma).  
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By Valerie Fitzgerald, Luxury Real Estate in Beverly Hills & West LA
(Coldwell Banker Residential Brokerage)
Consumers have been increasingly flocking to the real estate market in recent months, driven by improving economic conditions and a popular government tax credit. The latest figures from the National Association of Realtors show that existing home sales were strong in September, which means that conditions have improved for five of the past six months. Last month, sales were up 9.4 percent from the level recorded in August, and also 9.2 percent higher than the figures recorded in September 2008. "We're getting early indications of price stabilization, but we need a steady supply of qualified buyers to meaningfully bring inventories down and return us to a period of normal, steady price growth and to fully remove consumer fears, which would then revive the broader economy," said NAR chie...
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By Valerie Fitzgerald, Luxury Real Estate in Beverly Hills & West LA
(Coldwell Banker Residential Brokerage)
    The Caryle on Wilshire Cooridor Related Valerie Fitzgerald exclusively represents The Carlye on Wilshire. Visit The Carlyle website at: http://budurl.com/CarlyleWilshire Watch videos about The Carlye on YouTube To preview The Carlye call 301-209-0000. Forty-two stories above the bustling Avenue of the Stars, workers in hard hats are toiling away on Candy Spelling's new digs. The widow of TV mogul Aaron Spelling has set a record with her $47 million purchase of the top two floors at the Century, an ultra-luxury residential tower nearing completion next door to the Century Plaza Hotel. It may sound ludicrous that a $47 million purchase could signify a simplified lifestyle, but that's exactly what it means. At 16,500 square feet, Spelling's new home is less than a third the size of he...
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