Good news. In a compromise negotiated today, Congress agreed to restore the $729,750 conforming loan limit for FHA mortgages. The extension will continue until December 31, 2013 and applies to high cost areas including all of Los Angeles and Orange County. We were not able to restore the $729,750 limit for Fannie Mae and Freddie Mac mortgages. As a […]
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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? “Bill Would Encourage Foreigners To Buy U.S. Homes.”
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There are approximately more than 2000 condos in the West Los Angeles neighborhood of LA County. This real estate area is located west of the 405 fwy and is surrounded by Brentwood on the North, Santa Monica on the West and Westwood on the East. There have been already 103 West Los Angeles condominiums sold so […]
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Sunset Park in Santa Monica is still experiencing a very strong real estate market. Out of more than 2700 single family homes in the neighborhood, there have been 57 homes that have been purchased this year alone – the highlight a newly constructed home on 16th Street that fetched over $2M. However, 30 of the […]
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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 […]
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One of the largest proposed construction projects in Santa Monica’s history called the Bergamot Transit Village was voted down by the City Council. Read article below… Santa Monica City Council Stalls Development of Bergamot Transit Village
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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… California housing market slump persists through February
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New home sales increased in March. See article below… New-home sales rise in March after weak winter
Read MoreAnswers to some common myths about foreclosure… Dispel Common Foreclosure Myths
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