A new bipartisan bill has been proposed that would allow foreigners who spend $500,000 on a residential property to obtain visas allowing them to live in the United States. What do you think of this new proposed bill?
Despite the economic rollercoaster ride everyone seems to be on these days, the Brentwood, California real estate market has been very active this year having seen 109 condominiums sold to date.
There are currently about 72 Brentwood condominiums available with a median price of $595,000. In addition, there are also 34 condominiums currently in Escrow which only reaffirms the premise that people are buying because of the extremely low interest rates.
Out of the 34 condominiums under contract, 24 of those are priced at $599,000 or less and demographically speaking are 1st time home buyers.
One bedroom condominiums now are available in the low 300’s and entry level two bedroom condominiums could be purchased starting in the high 300’s.
We have not seen Brentwood, CA condominium prices as affordable as these in many years.
In spite of the extended slump of prices in the California housing market last month, West Los Angeles homes have increased in median price. Article below…