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Malibu, CA Real Estate News

By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
Article from the Malibu Patch: Rejecting the arguments of nearby residents, a majority of the Planning Commission on Tuesday night determined the Malibu Inn is meeting the demands of its conditional use permit from the city, and should be allowed to stay open until 2 a.m. all week. The restaurant/bar, which reopened in April, has only been allowed to operate until 2 a.m. on Thursday, Friday and Saturday as well as Sunday when the following Monday is a federal holiday. It has been forced to close at 12 a.m. on other days. A group of residents living directly west of theMalibu Pier, which is located on the other side of Pacific Coast Highway from the Malibu Inn, said there is much noise coming from the facility. They said they would appeal the commission's decision to the City Council. Al...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
A Realtor® or real estate salesperson is much more than the average salesperson.  Their primary job is to help you buy or sell a home and represent your best interests.  If you're unfamiliar with the real estate "game", the resources and expertise they provide is beyond most people's initial understanding.  Unless you are experienced in the biz, you will never know all of the pitfalls that can and do come up.  Most of them will cost you more time, money and grief than the agent's commission is worth.  You may not even be aware of your "mistake" until after the transaction has closed.  What they do is almost considered an art form.  Even with all of the resources out there, primarily the internet, 4 out of 5 people still use an agent for a sale or purchase.  The internet has enabled con...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
Pending home sales, a forward-looking indicator based on signed contracts, rose 2.4% in June after an 8.2% increase in May. On a year-over-year basis, pending sales are up 19.8%. The Standard & Poor's/Case-Shiller 20-city housing price index — on a non-seasonally adjusted basis — rose 1% in May after a 0.6% increase in April. The consumer confidence index rose to 59.5 in July from a downwardly revised 57.6 in June. The index was benchmarked at 100 in 1985, a year chosen because it was neither a peak nor a trough in consumer confidence. New home sales fell 1% in June to a seasonally adjusted annual rate of 312,000 units from a downwardly revised rate of 315,000 units in May. The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the wee...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
      Bank-Owned / REOs Coming Soon to Market & Currently For Sale       Address Beds/Baths Sq. Ft. Lot Size Price Status 26322 Fairside Rd., Malibu, CA 90265 2B/2B 1,648 8,255 $584,990 Active 21500 Califa St., #89, Woodland Hills, CA 91367 2B/2B +Den 1,190 N/A $264,900 Pending 190 N. Wendy Dr., Thousand Oaks, CA 91320 3B/2B 1,441 7,866 TBD Coming Soon   31422 Birdella Rd.,  Malibu, CA 90265 3B/3B 2,649 18,709 TBD Coming Soon 29022 Tackaberry Ct.,  Agoura Hills, CA 91301 3B/3B 3,045 8,785 TBD Coming Soon 4935 Serrania Ave., Woodland Hills, CA 91364 3B/2B 1,584 6,615 TBD Coming Soon                         • 4 Malibu Real Estate Partners can help you find the real deals, evaluate the best opportunities, eliminate unnecessary risk, and save valuable time. We are excited to be able to bri...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
Price Reduction - Bank-Owned/REO - CSO 3.5%   26322 Fairside Rd., Malibu, CA 90265 MLS #11-539001 2B/2B $584,990 Bank-owned. Open floor-plan. Hardwood floors throughout. Living room with fireplace. Kitchen with stainless steel appliances Slidng doors lead to mountain view deck. Attached 2-car garage. Inside laundry room. Flat pad in backyard, with fruit trees. All appliances included.   View additional information/photos.  View our other Bank-Owned/REOs coming to market soon in Malibu & the surrounding areas.
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
The great thing about living in Pasadena is that we are so close to both the snow in the mountains and the beautiful beaches.  Today was a day off for me and an opportunity to spend a full day with my family at one of the most beautiful beaches around - Zuma Beach. All had a lot of fun.  We saw dolphins, a seal, pelicans - all just a few feet away from us.  Absolutely spectacular! Here're some photos... Enjoy!   Interested in more information about Greater Pasadena Area cities, check out our City Guides below: Alhambra City Guide Altadena City Guide Arcadia City Guide Eagle Rock City Guide Monterey Hills City Guide Pasadena City Guide San Gabriel City Guide San Marino City Guide Sierra Madre City Guide South Pasadena City Guide And, if you are interested in fun activities to do, take a ...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
Stabilizing nondistressed home prices, a declining shadow inventory and stronger foreclosure auctions should lead to lower distressed sales and less downward pressure on prices, according to CoreLogic. The report notes that while mortgage performance is improving, it is not improving nearly as much as other consumer debt performance. Despite, a bit of positive news in the report, CoreLogic notes that negative equity will remain a strong influence on the market for an extended period of time. In May 2011, the “excluding distressed sales” home price index only dropped 0.4% from a year ago, compared to a decline of 7.4% for the all transactions HPI. Despite the whipsaw impact of the federal homebuyer tax credit, state credits and increases in Federal Housing Administration premiums, nondis...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
- Commerical office space available in Malibu's Miramar Building. - Located next to City Hall. - Walking distance to Cross Creek Plaza. - Approximately 800 sq. ft. of space. - Two separated rooms, approximately 400 sq. ft. each. - Can lease both spaces or just one. - Plenty of parking available. - Space is located at the end of the building. - Available now. - Flexible terms options. View additional photos/info.
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
The combined construction of new single-family homes and apartments in June rose 14.6% to a seasonally adjusted annual rate of 629,000 units. Single-family starts increased 9.4%. Multifamily starts rose 30.4%. Applications for new building permits, seen as an indicator of future activity, rose 2.5% to an annual rate of 624,000 units. The National Association of Home Builders/Wells Fargo monthly housing market index rose two points in July to 15. An index reading below 50 indicates negative sentiment about the housing market. Retail sales rose 0.4% for the week ending July 16, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 4.5%. The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for th...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
Although the drop in default rates shows promise, the amount of shadow inventory still creates a dark loom over the future of housing prices, according to latest results from Standard & Poor's U.S. Residential Performance Index. The shadow inventory of unresolved distressed properties is currently at an estimated $405 billion, representation four years of housing inventory and one-third of the outstanding U.S. non-agency residential mortgage debt. The report states that full recovery will only occur once the supply of distressed properties shrinks to less than a quarter of the current volume. Additionally, the monthly liquidation and cure rates are at about 2.5%. This stems to an overall resolution rate of 5%, where these rates have lingered in the past nine months.   
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Duke’s Malibu, CA a Pacific Landmark Beachside Destination Restaurant! Duke’s is an unpretentious Restaurant that serves well-prepared good food and it is a good value. Looking at the Surfing Memorabilia gives you the urge of wanting to surf even if you never surfed in your life. If you happened to drop in on Friday between 5-7pm you will discover at the Barefoot Bar Hawaiian Dancers, in the usual outfit, coconut bikini tops with a great smile and pleasant demeanor. IF you are more interested in the crashing waves with 320 degree Sweeping Ocean view the Barefoot Bar is your place. Open Monday thru Thursday from 2:00pm-9:30pm. Friday 3:00pm-10:00pm and Saturday from 11:30-10:30pm and Sunday from 11:30am-9:30pm you can be sipping exotic cocktails and eat sandwiches, burgers, fish tacos, w...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
The drop in the homeownership rate from an all-time high of 69.2 percent in 2004 to 66.4 percent in the first quarter of 2011 reflects a decline from unsustainable levels to something closer to historical averages, according to a study released by the Mortgage Bankers Association's Research Institute for Housing America (RIHA). While the homeownership rate may have bottomed out, it could fall another one or two percentage points because of tightened credit and other factors, the study says. Key findings from the study include: A combination of changes in mortgage credit standards and attitudes towards investment in homeownership likely contributed to much of the rise and fall in homeownership over the decade.  As credit conditions loosened in the first part of the decade, many people of...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) applauds Gov. Jerry Brown on signing SB 458 (Corbett) into law.   SB 458 extends the protections of SB 931 (2010), to ensure that any lender that agrees to a short sale must accept the agreed upon short sale payment as payment in full of the outstanding balance of all loans. Under previous law (SB 931 of 2010), a first mortgage holder could accept an agreed-upon short sale payment as full payment for the outstanding balance of the loan, but unfortunately, the rule did not apply to junior lien holders. SB 458 extends the protections of SB 931 to junior liens. “The signing of this bill is a victory for California homeowners who have been forced to short sell their home only to find that the lender will pursue them after the short sale clos...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
Mortgage default notice filings in California fell 19.2% in the second quarter over last year, establishing a four-year low when it comes to new foreclosures in the Golden State. Real estate data firm DataQuick made that report Tuesday, saying it's impossible to come up with a single reason to explain why foreclosure filings in the state fell from 70,051 last year to 56,633 in the most recent second quarter. DataQuick said it's likely the drop comes from a confluence of factors, including policy changes, political decisions and changes within the mortgage servicing industry. A lot of theories are being floated as to why the numbers are down. Bank policy changes. Legal challenges. Politics. Holding back temporarily so as not to flood the market. The fact of the matter is that no one rea...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  Housing starts rose 14.6% in June, according to Commerce Department data, continuing gains of the prior month and coming in well above most analysts' estimates. On a seasonally adjusted basis, starts increased to the highest level since January at 629,000, up from a revised 549,000 for May and nearly 17% higher than 539,000 a year earlier. Analysts polled by Econoday were expecting housing startsto come in at 575,000 with a range of estimates between 550,000 and 600,000. Economists surveyed by MarketWatch projected starts to come in at 580,000 for June. In a joint release, the Census Bureau and Department of Housing and Urban Development said single-family starts climbed 9.4% in June to a seasonally adjusted rate of 453,000 units, up from a revised 414,000 for May. June's increase com...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
Maybe you've asked yourself, "Why would I buy a home and make higher payments when my rent is much lower?".  Good question.  For some, that is the best way to go.  Every situation is different.  Sometimes the best way to figure it out is to get out a piece of paper and a pencil.  Make two columns:  Rent and Buy. RENT   BUY       Generally lower payments.   Full tax deduction of your mortgage interest and property taxes paid by you.  The government makes part of your payment. Little or no responsibility.   Appreciation of home value over time. No repairs.   Freedom and quality of life.  You can do what you want because that place is yours! Generally easier to move from location to location.   A source for emergency cash or credit. No need to worry about a drop in home prices.   For many...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
OPEN HOUSE Sat 7/16 & Sun 7/17 from 1-4p 21500 Califa St. #89, Woodland Hills, CA, 91367 2B/2B + Den $264,500 This bank-owned first floor, corner unit is in a prime location in the prestigious Warner Center and is close to shopping centers, restaurants, freeways & recreation. This 2B/2B unit +den/office, has laundry inside, plantation shutters and a fireplace in the living room. Master bath has dual sinks and ample closet space. Large patio off the living area. Spacious 2-car garage. Complex features lush, well maintained grounds and has a community pool, spa & tennis court. PROPERY WEBSITE
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  Interest rates are near historic lows and home prices are affordable; however, many borrowers are finding they must have nearly pristine credit records and hefty down payments to get the best rates. Making sense of the story Since 2009, credit standards have become much tighter.  For borrowers, this emphasizes the importance of paying close attention to credit scores. New rules unveiled last week, the result of last year’s Dodd-Frank financial-services legislation, require banks and other lenders to disclose to consumers the scores used to determine interest rates charged borrowers, or to deny credit, making it easier for borrowers to see how their credit scores affect the interest rates they pay. The FICO credit scores on loans that banks are giving out and that are backed by governm...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
Processing problems at the major mortgage servicers pushed up to 1 million foreclosure actions that should have taken place in 2011 into 2012 and beyond, according toRealtyTrac. Lenders issued a foreclosure filing on more than 1.1 million properties in the first half 2011, down 29% from the same period one year ago. More than 608,000 properties received a filing in the second quarter, down 32% from the same period last year. And foreclosures in June were down 29% from one year ago, the ninth straight month of yearly declines. It would be nice to report that foreclosure activity is dropping as a result of improvements in the economy or the housing market. Unfortunately, with unemployment rates inching back up, consumer confidence weak and home sales and prices continuing to languish, th...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
Bank of America announced this week it will accept back-up offers on short sales and will allow the back-up offer to take over if the first buyer does not complete the transaction, without requiring the process to start again. Under this new guidance, agents will no longer have to initiate a new short sale in Equator if the original buyer walks away from the transaction.  Instead, the agent can continue with the original transaction in Equator and work with the same short sale specialist.  The file will remain open and the paperwork that has been submitted will remain active.  However, the buyer’s qualification and the offer price will need to be reviewed again if a back-up offer is used. This new process applies only if there’s an available back-up offer when the original buyer does n...
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