Weekend Events: January 4-6

It’s a new year, it’s a new you. Whether or not you followed through on your resolutions so far in 2019, you deserve to treat yourself to a weekend of fun in LA. In the city of stars there is no shortage of thrills. We rounded-up the best “Angeleno” approved events to spruce up your first weekend of the year!

Read below for events happening in and round LA January 4-6.

Discover your inner Angeleno!

Friday, January 4th

First-Time Fridays at LACMA

You haven’t been to LACMA you say? Well luckily for you, LA’s Contemporary Museum of Modern Art accepts this and offers First Time Fridays. This monthly event invites guest to explore the museum from 3:00pm-8:00pm for LA residents. If you let the ticket office know it is your first visit to LACMA, you will receive a free poster and discounts at the LACMA store, LACMA Cafe and C+M.

Click here for more details.

Abbot Kinney First Fridays

AK’s neighborhood block party returns this Friday on the “coolest block in America”. Whatever your craving, you’ll be sure to find something with new and old food trucks joining the event and merchant discounts plus late hours.

Click here for more details.

LA Lakers vs. New York Knicks

NBA tickets to see the Los Angeles Lakers play the New York Knicks are sure to be selling quickly! Fans from both sides of the nation won’t want to miss this exciting regular season game! If you want to be there to catch all of the action you’d better act now. Secure your seats so you can cheer on your favorite team!

Click here for more details

Saturday, January 5th

Watson Adventures’ Thrilla at the Getty Villa

Roam for Romans on a unique scavenger hunt that transports you to ancient Greece and Rome via the Getty Villa. You’ll follow a trail of clues and answer fun, tricky questions. Discover facts you never knew about the odd aspects of gods, goddesses, and the inventors of the toga party.

Click here for more details

Golden Globes Foreign Language Nominee Symposium

Discover the best foreign language films of 2018. This year’s five nominees include Capernaum from Lebanon, Girl from Belgium, Never Look Away from Germany, Roma from Mexico, and Shoplifters from Japan. The symposium will also include a free roundtable with the Directors for each of the nominated films. The panel will be moderated by Mike Goodridge, former HFPA member and VP turned festival director and programmer. Advance sale tickers are available until 5:00pm January 4 but will still be available for standby the day of.

Click here for more details

Bricks LA 2019

Come share your love of Lego and discover hundreds of fan created models at the Pasadena Convention Center ! Enjoy their vendor area with new, used, and unique brick accessories as well as building techniques and panel discussions. It will be a weekend of fun for all ages.

Click here for more details

Sunday, January 6

Annual Carroll Shelby Cruise-In

Come see some of the fastest, rarest and most beloved Shelby’s of all time. The Petersen will celebrate Carroll Shelby’s birthday by having a cruise-in on the third floor parking structure of the museum. All car enthusiasts are invited to participate in the car show and contest. Coffee and snacks will be provided.

Click here for more details

A Faery Hunt Magical Adventure

Named by Nickelodeon the “Best Children’s Theater” in Los Angeles, A Faery Hunt delights as a magical adventure. Auntie Angelica leads the audience on a gentle journey to help the Faery royalty! With the help of the audience and the Faeries, it’s a musical filled afternoon with fun, laughs and surprises.

Click here for more details

LA Kings Holiday ICE at L.A. Live Final Day

Just because the holidays are over, doesn’t mean the fun has to be. Don’t miss out on the last day of the LA Kings Holiday Ice at L.A. Live. Skate your way through the weekend as a family fun activity or date night.

Click here fore more details

Economic update for the week ending October 27, 2018

Stocks suffer a turbulent week:

A positive GDP report showing that the economy grew at 3.5% in the third quarter, inflation was tame, and consumer spending was up, could not keep the markets from continuing to slide. This week. third quarter profits were reported that were below expectations. Those were mostly in the technology sector. Even Amazon did not hit their numbers. On the other hand, some companies like Ford and Tesla exceeded expectations. All in all, fears in the technology sector hit the NASDAQ hard. It lost 3.8% for the week and is now up just  3.8% for the year after being up 20% for the year just one month ago. The Dow and S&P also got hit hard down 3% and 3.9% respectively for the week. The Dow Jones Industrial Average closed the week at 24,688.31, down from 25,444.34 last week. It is down 0.1% year-to-date.  The S&P 500 closed the week at 2,658.69, down from 2,767.78 last week.  It’s down 0.6% year-to-date. The NASDAQ closed the week at 7,167.21, down from 7,449.03 last week.  It’s up 3.8% year-to-date.

Treasury Bond Yields lower this week:

The 10-year Treasury bond closed the week yielding 3.08%, down from 3.20% last week. The 30-year Treasury bond yield ended the week at 3.32%, down from 3.38% last week. We watch treasury bond yields because mortgage rates follow bond yields.

Mortgage rates almost unchanged this week:

The October 25, 2018 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.86%, almost unchanged from 4.85% last week. The 15-year fixed was 4.29%, slightly up from 4.26% last week. The 5-year ARM was 4.14%, up from 4.10% last week.

GDP up 3.5% in third quarter:

The U.S. Bureau of Economic Analysis announced that the first reading of the nation’s gross domestic product (GDP) rose by 3.5% in the third quarter of 2018.  That beat expectations of a 3.4% rise, but was well below the 4.2% increase registered in the second quarter of 2018. The report also said that The PCE price index, a key indicator of inflation, rose at a 1.6% annual rate in the quarter. That was well below the 2.2% annual increase analysts forecasted. Consumer spending, which accounts for about two thirds of the U.S. economy, grew by 4% in the third quarter. That marked the largest increase since the fourth quarter of 2014.

September Nationwide Existing Home Sales:

Data released this week from The National Association of Realtors showed that total existing home sales fell again in September. The number of existing homes sold in September fell 3.4% from August, and are down  4.1%  from one year ago. The median price paid for a home in the U.S. was up 4.2% from last September. That marked the 79th straight month of year over increases. The unsold inventory index is at a 4.4 month supply, up slightly from a 4.2 month supply one year ago. 

September California Existing Home Sales:

The California Association of Realtors reported that existing single family home sales totaled 382,550 in September on a seasonally adjusted annualized rate. That was down 4.3% from August and down a staggering 12.4% from last September, when sales totaled 436,920 on a seasonally adjusted annualized rate. The median price paid for a home in California was $587,850, up 4.2% from September 2017. On a more regional level, the median price increased 4.7% in Los Angeles County, 10.6% in Ventura County, and 3.3% in Orange County from one year ago. Inventory levels continued to rise after hitting historic lows in 2017. The unsold inventory index in California stood at a 4.2 month supply in September, up from a 3.3 month supply in September 2017. Inventory levels have now increased for 6 straight months and are up 20.4% from one year ago. Listings are at the highest level in 31 months. Los Angeles County has a 4.4 month supply, up from a 3.1 month supply last September. Orange County has a 4.3 month supply,  up from 3.1 months last September. Ventura County had a 6.3 month supply of homes, up from a 4.7 month supply one year ago. 

Have a great weekend!
Syd

Home listed by Rodeo Realty’s Adi Livyatan purchased by Murder Inc. Records Founder Irv Gotti

Irving Lorenzo Jr., record executive, television producer, founder of Murder Inc. Records, who is best known as Irv Gotti, has bought a home in Encino for $3.636 million. Adi Livyatan of Rodeo Realty Sherman Oaks was one of the listing agents to the newly built property, which was featured in the Los Angeles Times and Variety.

Sitting behind gates on a more than a quarter-acre lot, the farmhouse inspired traditional home includes five bedrooms and 5.5 bathrooms.

The open-floor plan also includes formal living and dining areas, a two-island kitchen, a family room, an office/den, and a home theater.

Outdoors, there’s a swimming pool, spa, a waterfall feature, and a built-in barbecue.

To read the LA Times feature on this property, click HERE.
Variety’s article on this home, HERE.