Economic update for the week ending August 29, 2020

Stocks up for a fifth straight week – Stock markets rallied on vaccine trial results, and testimony by Federal Reserve Chairman Jerome Powell. Chairman Powell committed to leave the Fed’s interest rates near zero percent even if inflation began to exceed the target 2% annual rate. The S&P 500, and the NASDAQ closed at record highs again this week. The DOW is also rapidly approaching its record high set in February. The Dow Jones Industrial Average closed the week at 28,653.87, up 2.6% from 27,930.33 last week. It’s down 0.4% year-to-date. The S&P 500 closed the week at 3,508.01, up 3.3% from 3,397.16 last week. It’s up 8.6% year-to-date. The NASDAQ closed the week at 11,695.63, up 3.4% from 11,311.81 last week. It’s up 30.3%  year-to-date.

U.S. Treasury bond yields – The 10-year treasury bond closed the week yielding 0.74%, up from 0.64% last week. The 30-year treasury bond yield ended the week at 1.52%, up from 1.35% last week.

Mortgage rates – The August 27, 2020 Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 2.91%, down from 2.99% last week. The 15-year fixed was 2.46%, down from 2.54% last week. The 5-year ARM was 2.91%, unchanged  from 2.91% last week.

Additional refinance fee postponed until December 1, 2020 – Two weeks ago the Federal Housing Finance Agency announced that they were enacting an additional fee of 1/2% on all refinance loans funded on or after September 1, 2020. That additional fee would be charged on all government sponsored loans which include, Fannie Mae, Freddie Mac, FHA and VA loans. The reason for this fee was to offset loses caused by the coronavirus crisis, which include forbearance, and delayed foreclosures. The Mortgage Bankers Association, and the National Association of Realtors are among the many groups fighting against the implementation of this fee.

Month End Economic Update for April 2020

Stock Market Update

The Dow Jones Industrial Average ended the month of April at 24,345.72, up 11% from 21,917.16 on March 30, 2020. The S&P 500 closed the month at 2,912.44, up 12.6% from 2,585.59 at the end of March. The NASDAQ closed the month at 8,889.55, up 15.5% from 7,700.10 on March 30, 2020.

U.S. Treasury Bond Yields dropped to record lows in April

The 10-year U.S. treasury bond yield closed the month of April at 0.64%, down from 0.70% on March 30. The 30-year Treasury yield ended the month at 1.28%, down from 1.35% at the end of March.

Mortgage Rates dropped to record lows in April

The April 30, 2020 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 3.23%, down from 3.33% on April 2, 2020. The 15-year fixed was 2.77%, down from 2.82% April 2. The 5-year ARM was 3.14%, down from 3.49% on April 2, 2020.

 

Home sales reports are released on the third week of the month for the previous month. These are the March results.

March 2020 U.S. Home sales report

The National Association of Realtors reported the total existing-home sales in March fell just 0.8% from the number of sales in March 2019. Considering that 80% of the country was under a stay-at-home order in March, this was quite a positive result. These homes went under contract before the crisis, as most closings take 30-60 days, but the buyers did close during the crisis. Prices were also up significantly in March. The median price was 8.0% higher than last March. That marked the 97th straight month of year over year increases in the median price. Inventory levels were tight. There was a 3.4 month supply of housing on the market.

California March Home Sales Report

Impact of the pandemic has begun to be felt as the number of sales dropped while prices continued to rise – The California Association of Realtors announced that existing single-family home sales totaled 373,070 on a seasonally adjusted annualized rate in March, down 6.1% from the number of sales in March 2019. The statewide median price paid for a home in March was $612,440, up 5.6% from February and up 8.3% from one year ago. The median price is the point at which 1/2 the homes sell for more 1/2 the homes sell for less. Escrows periods are commonly between 30 and 60 days, so these sales represent homes placed in escrow before the crises. Homes sold during the crises are just beginning to close. There was a record low 2.7 month supply of homes for sale in March compared to a 3.6 month supply in February and a 3.6 month supply of homes for sale last March. That is due to so many people removing their homes from the market. On a regional level: In Los Angeles County the median price increases 8.1% from last March. In Orange Country the median price increased 9% from one year ago. In Ventura County the median price increased 10.2% from last March.

 

 

Economic Update for the Week Ending May 2, 2020

Stock Markets Posted Their Largest Monthly Gains in 30 Years in April

Stocks recovered in April after a devastating March. Despite a disappointing 4.8% decline in first quarter GDP, the worst quality decline since 2008, stocks ended the month much higher. Approximately $3 Trillion in government stimulus to businesses and individuals, unprecedented action by the Federal Reserve adding Trillions in liquidity, and states beginning to allow businesses to reopen fueled the rebound. The Dow had dropped from 29,000 in February to 18,000 by the third week of March before stead recovering. The Dow Jones Industrial Average closed the week at 23,723.69, down 0.2%, from 23,775.27 last week. It’s down 16.9% year to date. The S&P 500 closed the week at 2,830.71, down 0.2% from 2,836.74 last week. It’s down 12.4% year to date. The NASDAQ closed the week at 8,604.95, down 0.3% from 8,634.52 last week. It’s down 4.1% year to date.

U.S. Treasury Bond Yields

The 10-year treasury bond closed the week yielding 0.64%, up slightly from 0.60 last wee. The 30-year treasury bond yield ended the week at 1.27%, up from 1.17% last week.

Mortgage Rates are at Record Lows

The Freddie Mac Primary Mortgage Survey released on April 30, 2020, reported mortgage rates for the most popular loan products as follows: The 30-year fixed Mortgage rate average was 3.23% down from 3.33% last week. The 15-year fixed was 2.77%, down from 2.86% last week. The 5-year ARM was 3.14%, down from 3.28% last week.

Unemployment Claims Jump for the Fifth Straight Week

Another 3.85 million American workers filed first-time unemployment claims last week. That brings a total of over 30 million workers laid off in the last six weeks. The unemployment rate has gone from a 50 year low of 3.6% in February to over 20%, the highest rate since the Great Depression, in just 6 weeks. Fortunately, these job losses are mostly temporary as employers will gradually rehire their workers once they are permitted to re-open.

Economic Update for the Week Ending March 13, 2020

 

Stock Markets Entered Bear Market Territory

Its difficult to imagine that all major stock market indexes closed at all time highs on February 19, 2020. In less than a month the longest bull market in history has ended because of a virus that has caused a global pandemic. Investors have concluded that the cruise industry will be decimated. It’s probable that the airline industry will need a bail out. Retail, sports, entertainment, restaurants, private schools, and other business sectors will also suffer devastating losses. Demand for oil with cruise ships halted, flights cancelled, people staying home and not driving has caused a surplus in the supply of oil. OPEC had called for cutting production to keep an already over supply of inventory from increasing and stabilizing prices, but Russia refused, and oil prices saw their largest one day decline since 1991. By weeks end the Fed had announced how they would add liquidity to support the financial system, and help business lending. The House also passed an emergency package. The Fed action, and the prospect of congressional stimulus sparked a 2,000 point rally on Friday to end the week with less devastation to stocks by making up much of Thursday’s losses which was the largest one day percentage drop in the DOW, eclipsing Black Monday’s drop in 1987. To be fair, on the positive side major stock market indexes are still above their levels at the beginning of 2019. We have lost about one year of gains. The Dow Jones Industrial Average closed the week at 23,185.62, down 10.4% from 25,864.78 last week. It’s down 18.8% year to date. The S&P 500 closed the week at 2,711.02, down 8.8% from 2,972.37 last week. It’s down 16.1% year to date. The NASDAQ closed the week at 7,874.88, down 8.2% from 8,575.62 last week. It’s down 12.2% year to date.

U.S. Treasury Bond Yields

As stock markets continued to plummet investors moved money from stocks to the safety of bonds. The 10-year treasury bond yield closed the week slightly above last week, but still at their lowest level in 100 years, Monday’s yields dropped to the lowest in the history in America, but worked their way up in the end of the week. The 10-year treasury bond closed the week yielding 0.94%, up from 0.74% last week. The 30-year treasury bond yield ended the week at 1.56%, up from 1.25%, last week. We watch treasury bond yields because mortgage rates often follow bond yields.

Mortgage Rates at 40-Year Lows 

The Freddie Mac Primary Mortgage Survey released on March 12, 2020 reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 3.36% up from 3.29% last week. The 15-year fixed was 2.77% unchanged from 2.79% last week. The 5-year ARM was 3.01%, down from 3.18% last week. Usually, mortgage rates follow bond yields, but lenders have not lowered rates to the extent that bond yields have dropped. This week lenders actually raised rates because they did not have the staff to handle the volume of all the loans in process, as sales have been brisk, and refinancing has surged.

 

Economic update for the week ending February 29, 2020

Stock markets had their worst week since the 2008 financial crisis – Fears of how the coronavirus will impact the economy sent stocks plummeting this week as new cases of the virus have emerged throughout the world. The Dow Jones Industrial Average closed the week at 25,409.36, down 12.4% from 28,992.41 last week. It’s down 10% year to date. The S&P 500 closed the week a t 2,954.22, down 11.2% from 3,327.41 last week. It’s down 8.4% year to date. The NASDAQ closed the week at 8,567.37, down 10.5%from 9,576.59 last week. It’s down 6.4% year to date.

U.S. Treasury bond yields – As stock markets plummeted, investors moved money from stocks to the safety of bonds. The 10-year treasury bond closed the week at its lowest level in 100 years. The 10-year treasury bond closed the week yielding 1.13% down from 1.46% last week. The 30-year treasury bond yield ended the week at 1.65%, down from 1.90% last week. We watch treasury bond yields because mortgage rates often follow bond yields.

Mortgage rates remain at the lowest levels in 3 yearsThe Freddie Mac Primary Mortgage Survey released on February 27, 2020, reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 3.45%, down from 3.49% last week. The 15-year fixed was 2.95%, down from 2.99% last week. The 5-year ARM was 3.20%, down from 3.25% last week. Usually, mortgage rates follow bond yields, but lenders chose to leave rates mostly unchanged this week because they believe that these historic low bond yield levels this week would be temporary.

Preliminary February 2020 month-end update

The Dow Jones Industrial Average ended the month on February 28 at 25,409.36, down 10.1% from 28,256.03 on January 31. The S&P 500 closed the month at 2,954.22, down 8.4% from 3,225.52 at the end of January. The NASDAQ closed the month at 8,566.37, down 6.4% from 9,150.94 on January 31, 2020.

U.S. Treasury Bond Yields dropped in February – The 10-year U.S. treasury bond yield closed the month at 1.13%, down from 1.51% on January 31. The 30-year Treasury yield ended the month at 1.65%, down from 1.99% on January 31.

Mortgage Rates dropped in February – The February 27, 2020, Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 3.45%, down from 3.51% on January 30, 2020. The 15-year fixed was 2.95%, down from 3.0% on January 30. The 5-year ARM was 3.20%, down from 3.24% on January 30, 2020.

Home sales figures run one month behind. These are January’s results:

January 2020 California home sales report – The California Association of Realtors reported that existing single-family home sales totaled 396,550 in January on a seasonally adjusted annualized rate. That marked a 10.3% increase from the number of homes sold last January. It should be noted that January 2019 marked the fewest sales in a month in over a decade. The number of sales has rebounded over the last several months. The statewide median price was $575,160, down 6.5% from December, and up 7.1% from last January. The median price is the point at which ½ the homes sell for more and ½ the homes sell for less. Perhaps there was an unusual number of sales at the lower end in January, as we have seen prices increasing rapidly due to multiple offers and low inventory. The unsold inventory index in January was 3.4 months, down from 4.6 months in January 2019. On a regional level the number of sales, median price, and supply of housing were as follows: In Los Angeles County the number of sales increased by 16.7% from last January. The median price paid for a home in Los Angeles County was $617,520, up 9.1% from January 2019. There was a 3.2-month supply, down from a 4.9-month supply one year ago. In Orange County, the number of homes sold increased by 22.1% from one year ago. The median price paid for a home in Orange County was $855,000, up 7.3% from last January. There was a 3.4-month supply, down from a 5.4-month supply one year ago. In Ventura County, the number of sales rose 13.9% from January 2019. The median price in Ventura County was $660,000, up 7.3%from January 2019. There was a 4.8-month supply of homes for sale, down from a 7.2-month supply last January.

California housing affordability increases in the fourth quarter of 2019 – The California Association of Realtors reported that 31% of California households could afford to purchase a $607,040 median-priced home in the fourth quarter of 2019. That was up from 28% in the fourth quarter of 2018, as substantially lower interest rates offset price gains. A minimum annual income of $119,600 was needed to purchase a $607,400 median-priced single-family home with a monthly payment of $2,990. That payment included principal, interest, property tax and insurance with a 20% down payment, and a 30-year fixed loan. Affordability also increased for condominiums and townhomes from one year ago. The report revealed that41% of California households could afford a $480,000 median-priced condominium or townhouse, up from 37% one year ago. An income of $94,400 was needed to qualify for a monthly payment of $2,360 on a median-priced condominium or townhome. Single-family home affordability in Los Angeles County was 27% in the fourth quarter of 2019, up from 24% in the fourth quarter of 2018. The median price in Los Angeles County in the fourth quarter of 2019 was $617,310, and the monthly payment was $3,040. Single-family home affordability in Orange County was 26% in the fourth quarter of 2019, up from 20% in the fourth quarter of 2018. The median price in Orange County in the fourth quarter of 2019 was $828,000, and the monthly payment was $4,070. Single-family home affordability in Ventura County was 31% in the fourth quarter of 2019, up from 29% in the fourth quarter of 2018. The median price in Ventura County in the fourth quarter of 2019 was $660,000, and the monthly payment was $3,250.

January 2020 U.S. existing-home sales report – The National Association of Realtors reported that Total existing-home sales which include completed transactions for single-family homes, condominiums, townhomes, and co-ops increased 9.6% year over year from the number of home sales last January. The nationwide median price increased by 6.8% from January 2019. Total housing inventory for sale dropped 10.7% from the number of homes for sale in January 2019. There was a 3.1-month supply of homes for sale in January, down from a 3.8-month supply one year ago.

Economic Update for the Week Ending February 21, 2020

Stock Markets Lost Ground This Week

Stocks retreated this week after the number of new coronavirus cases increased, fueling fears of a global economic slowdown. China, the number one exporter of products and the number two economy, has entire regions where people are quarantined in their homes. They cannot go to work, or shop. It is widely believed that China’s moves to add stimulus to their economy will help. Yet the economic impact to China will still spill over to the rest of the world. Investors in the U.S. feel safe with the economy so strong, allowing markets to stay quite solid. Major U.S. stock market indexes hit all-time highs just one week ago but dropped off those highs this week as analysts forecasted a softening in corporate profits in the next quarter due to the impact of the coronavirus. The Dow Jones Industrial Average closed the week at 28,992.41, down 0.4% from 29,108.51 last week. It’s up 2.6% year to date. The S&P 500 closed the week at 3,327.75, down 1.6% from 3,380.16 last week. It’s up 3.0% year to date. The NASDAQ closed the week at 9,576.59, down 1.6% from 9,731.18 last week. It’s up 6.9% year to date.

U.S. Treasury Bond Yields 

The 10-year treasury bond closed the week yielding 1.46%, down from 1.59% last week. The 30-year treasury bond yield ended the week at 1.90%, down from 2.04% last week. We watch treasury bond yields because mortgage rates often follow bond yields.

Mortgage Rates Remain at Lowest Levels in Three Years 

The Freddie Mac Primary Mortgage Survey released on February 20, 2020 reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 3.49%, almost unchanged from 3.47% last week. The 15-year fixed was 2.99%, almost unchanged from 2.97% last week. The 5-year ARM was 3.25%, down slightly from 3.28% last week. Rates were even lower on Friday. Expect next week’s rates to be about 1/8% lower if they remain at Friday’s levels.

January 2020 California Home Sales Report 

The California Association of Realtors reported that existing single-family home sales totaled 396,550 in January on a seasonally adjusted annualized rate. That marked a 10.3% increase from the number of homes sold last January. It should be noted that January 2019 marked the fewest sales in a month in over a decade. The number of sales has rebounded over the last several months. The statewide median price was $575,160, down 6.5% from December, and up 7.1% from last January. The median price is the point at which ½ the homes sell for more and ½ the homes sell for less. Perhaps there were an unusual number of sales at the lower end in January, as we have seen prices increasing rapidly due to multiple offers and low inventory. The unsold inventory index in January was 3.4 monthsdown from 4.6 months in January 2019. On a regional level the number of sales, median price, and supply of housing were as follows: In Los Angeles County the number of sales increased 16.7% from last January. The median price paid for a home in Los Angeles County was $617,520, up 9.1% from January 2019. There was a 3.2-month supply, down from a 4.9-month supply one year ago. In Orange County the number of homes sold increased 22.1% from one year ago.  The median price paid for a home in Orange County was $855,000, up 7.3% from last January. There was a 3.4-month supply, down from a 5.4-month supply one year ago. In Ventura County the number of sales rose 13.9% from January 2019. The median price in Ventura County was $660,000, up 7.3% from January 2019. There was a 4.8-month supply of homes for sale, down from a 7.2 month supply last January.

Out & About: Melrose Avenue

Melrose Avenue is one of L.A.’s most famous streets, featuring a medley of dining, entertainment, and shopping destinations. The street begins at Santa Monica Boulevard where the cities of West Hollywood and Beverly Hills meet. Start your day off by shopping at the world-famous boutiques, enjoy lunch at one of the numerous top-ranked eateries and end the night by laughing yourself silly at The Parlor featuring newcomers and famous comedians or enjoy the many art galleries the famous street has to offer!

Gallery 1988 (Art)
Location: 7308 Melrose Ave Los Angeles, CA 90046

Gallery 1988 has continued to host awesome exhibitions focused on pop culture after launching the “iam8bit” art shows. Since opening in 2004, the gallery has mounted solo shows by popular artists like Luke Cheuh, Joe Ledbetter and Mike Mitchell. In 2007 they opened a second location further up Melrose!

 

The Parlor (Comedy)
Location: 7350 Melrose Ave Los Angeles, CA 90046

Booker and producer Jay Davis knows how to put together a solid lineup, often getting his famous buddies to come down for a show but also giving chances to funny unknows on the same stage. If you stop by this upscale bar on a Monday, grab a cocktail sit back and enjoy the show!

 

The Reformation (Shopping)
Location: 8253 Melrose Ave Los Angeles, CA 90048

Designer Yael Afalo takes diamonds in the rough and makes them shine, cutting vintage garb and surplus fabric into modern silhouettes, from cropped blouses to breezy maxi dresses and shorts.

JapanLA (Shopping)
Location:  7320 ½ Melrose Ave. Los Angeles, CA 90046

The cute culture shop on Melrose specializes in Japanese crossover collections. It’s a go-to destination for products from kawaii brands like tokidoki, Sanrio, San-X and Pokémon as well as occasional pop-up collections

Paul Smith Los Angeles
Location: 8221 Melrose Ave. Los Angeles, CA 90046

A “so British” atmosphere is cultivated with old books, wood paneling, and antiques. But most know this outpost for its electric pink exterior, one of the hot spots for instagrammers.

Helmut Lang
Location: 8808 Melrose Avenue. Los Angeles, CA 90069

Shop for modern pieces for men and women, mostly in black, white and cool neutral colors. The Helmut Lang was created by Austrian fashion designer Helmut Lang in 1986. The Helmut Lang brand still exists today without Lang’s involvement since 2005.

Crumbs & Whiskers
Location: 7924 Melrose Ave. Los Angeles, CA 90046

This cat-friendly coffee stop has set up the first permanent operation in the city Founder Kanchan Singh describes the D.C. based café as a place where you can grab a cup of coffee and cuddle with some cats. There is a small catch: you can’t prepare food in the same place as you house animals. So, Crumbs & Whiskers sources its drinks and snacks from the nearby Open Space.

 

Hollywood Improv

Location: 8162 Melrose Blvd. Los Angeles, CA 90046

The flagship Improv on Melrose is one of the most legendary clubs in Los Angeles, as well as all of America. On any given night, walk in to see one of your favorite comics from TV at the bar, the acts are never a letdown! The shows are an exciting mix of independently produced, and experimental with frequent appearances by respected and well-known comedians.

Blue Jam Café
Location: 7371 Melrose Ave. Los Angeles, CA 90046

At Blue Jam Café, your table will be worth the wait with the best eggs benedict in town and delicious mouthwatering French toast. The Melrose location as been open since 2006, its fantastic service adds a neighborhood feel to the chain.

Tatsu Ramen
Location: 7111 Melrose Ave. Los Angeles, CA 90046

Tatsu Ramen brings traditional Japanese ramen to LA. Tatsu means dragon in Japanese and Ryu (the owner) being born in the Year of the Dragon, found the perfect name for his restaurant. Walking into Tatsu is like walking into the future. Rather than waiting in a long line at the counter, smart tables line the interior wall. Each customer places their order from the simple menu, which gives you an option to choose from six different ramen, 3 rice side dishes, pork bums and most recently the ramen burger!

Weekend Events: December 13 – December 15

Enjoy the weekend before the hustle and bustle of the holidays with these fun-filled events! Help Mickey look for clues in his search for Tinker Bell on ice or have a snowball fight with the kids in Los Angeles’ very own Winter Wonderland. From live performances to holiday markets and parades, we’ve got it all covered for you.

 

Friday December 13, 2019

Disney on Ice: Mickey’s Search Party Los Angeles
Location: STAPLES Center
When: 7:30 pm

 

Join Mickey Mouse and his friends at this brand-new adventure filled with world-class skating, high-flying acrobatics, and unexpected stunts! Help them follow Captain Hook’s treasure map and look for clues in the search for Tinker Bell! Make precious memories with your whole family during Aladdin,  Toy Story, and Little Mermaid as the search party becomes an all-out magical celebration on the ice, in the air, and all around!

Los Angeles Philharmonic
Location: Walt Disney Concert Hall
111 South Grand Avenue, Los Angeles, CA 90012
When: 11 am

 

LA Phil features Michael Tilson Thomas as the conductor and Daniil Trifonov as the pianist. Trifonov has the reputation of taking a beloved classic like Tchaikovsky’s popular Piano Concerto and imbuing it with fresh new life. L.A. favorite Michael Tilson Thomas also leads Copland’s Third Symphony, built on the composer’s stirring Fanfare for the Common Man.

Taco Tour
Location: 1001 N. Alameda St. Los Angeles, CA
When: 10:30 am

 

During this bicycle tour, you will be taken to what we consider are some of LA’s best taco spots. You will experience a taco tour of Los Angeles that takes your body and taste buds on an unforgettable ride to some of LA’s hidden gems. This tour rides through different neighborhoods, historic sites, and they’ll stop at various taco stands and trucks so you can experience one of LA’s most popular on the go foods.

Saturday December 14, 2019

 

Winter Wonderland
Location: Baldwin Hills Crenshaw
3650 West Martin Luther King Junior Boulevard Los Angeles, CA 9008
When: 3 pm- 7 pm

 

Winter Wonderland is an opportunity for families across City Council District 8 to meet each other and celebrate the holidays with some fun in the snow! Councilmember Marqeece Harris-Dawson and Baldwin Hills Crenshaw invite you to join a day of holiday celebrations including music, food, and a toy giveaway. Performances begin at 4:30 pm, Grammy-nominated soul singer and songwriter Marsha Ambrosius will headline the free holiday concert. You won’t want to miss out on this!

Moonlight Forest Lantern Art Festival
Location: Los Angeles County Arboretum and Botanic Garden
301 North Baldwin Avenue Arcadia, CA 91007
When: 5:30-10pm

 

The 2019 festival will be more spectacular than ever with dazzling new lanterns and interactive experiences. Children will find bright circular swings and other interactive delights in Children’s World. Visit your family, friends, and holiday guests for a highly memorable evening.

 

Marina Del Rey Holiday Boat Parade
 Location: 13650 Mindanao Way, Marina Del Rey, CA 90292
When: 5:30 – 7:00 pm

 

Arrive early to grab a spot on the lawn at Chace photo or a good photo spot at Fisherman’s Village, two of the most popular viewing places. The 2019 parade theme is “Kids Make Holidays Bright”. A brief firework show at 5:55 pm announces the start of the parade, which lasts until about 8 pm.

Sunday December 15, 2019

The Nutcracker
Location: Royce Hall-UCLA
10745 Dickson Court Los Angeles, CA 90095
Time: 12 pm

 

Los Angeles Ballet continually brings exciting ballet productions in Los Angeles, and their annual Nutcracker is no exception. In this production, LAB has stayed true to their classical roots with a little spin: the show is set in LA in 1912. This LAB performs The Nutcracker at five different venues throughout the Southland, so there’s plenty of opportunities to catch a performance without having to sit in too much traffic.

 

 

Unique LA Holiday Market
Location: Santa Monica Pier, Downtown Santa Monica

The annual holiday market features clothes, accessories, and art pieces from a number of quality handmade brands. Check out local products and rub elbows with the different designers and artists showcasing their work.

Frozen
Location: Pantages Theatre, Hollywood
6233 Hollywood Boulevard
Time: 1pm and 6:30 pm

 

Do you want to build a…rainy day fund to save up for tickets to a smash hit Disney-inspired Broadway musical? Good, because Frozen is coming to L.A. The Broadway musical based on the 2013 animated Disney film, will kick off a national tour with strong fall 2019 performances at Hollywood’s Pantages Theatre.

 

 

 

 

 

LA Eats: Best Coffee Bars in Los Angeles

With the days getting colder you’re probably in the mood to curl up with a good book, and a cup of the best coffee in town in hand. Whether you’re located in downtown Los Angeles, out west in Santa Monica, or in the suburbs of Studio City. We’ve got all the right places for you to sit down and enjoy your cup of joe to warm up on these chilly winter days!

The Daily Dose
Location: 1820 Industrial St., Los Angeles, CA 90021

This little coffee shop, hidden down a brick-lined alley of Industrial Street, serves a variety of coffee and tea beverages, as well as a seasonal food menu with whimsically-named dishes made from locally sourced ingredients. Don’t forget to try “The Farmer” one of L.A.’s best sandwiches, described “vegetarian behemoth that weighs a full pound and packs a rainbow’s worth of ingredients between slices of Kalamata olive bread from nearby Bread Lounge”.

Zinc Cafe & Market
Location: 580 Mateo St., Los Angeles, CA 90013

Here you’ll find favorites like avocado breakfast toast (smashed avocado, butter, radish salad, chives, lemon zest, various egg dishes, and omelets.  Locals will stop by throughout the day, whether it’s an alfresco lunch of wood-fired pizza beneath olive trees or an after-work cocktail at Bar Mateo.

Stumptown Coffee Roasters
Location: 806 South Santa Fe Ave., Los Angeles, CA 90021

Located just steps from Bestia and Bread Lounge, Stumptown features a retail bar, roastery, training lab, and warehouse. Espresso shots are pulled from in the front bar from a custom La Marzocco Strada MP. Stumptown has been ahead of the game with the latest coffee trend, nitro cold-brew coffee, which is served on tap or available in cans. What’s more? The free coffee tastings at noon on Wednesday, Thursday, Saturday and Sunday.

Groundwork Coffee Arts District
Location: 811 Traction Ave., Los Angeles, CA 90013

Groundwork Coffee is the latest outpost of L.A.’s homegrown coffee and tea destination, originally founded at Venice Beach in 1990. In addition to its signature organic coffees, Groundwork offers an expanded food menu featuring house-made baked goods, salads, sandwiches and more.

La Colombe
Location: Multiple

The Silver Lake location has a bold, Instagram-friendly mural on the side of the building and many LA-only offerings. In addition to the regular coffeehouse offerings, mango rooibos chili iced tisane and hemp “mylk” for vegan drinks.

Bluestone Lane
Location: 12186 Ventura Blvd., Studio City, CA 91604

Bluestone Lane originated in New York City, where it’s been on the scene since 2013, with other locations around Philadelphia, Washington D.C., and San Francisco. The cute little location just started brewing in Studio City with a flagship expected in West Hollywood soon. With their sights set on taking over Los Angeles, the brand hopes to have six locations soon!

Dinosaur Coffee
Location: 4334 W. Sunset Blvd, Los Angeles, CA 90029

Laptop lingerers and chatty post-yoga meetups, if these sound enticing then head over to dinosaur coffee, of the best coffee spots in Silver Lake. The sleek space is heightened by a wood sculpture hanging from the ceiling that resembles a skeleton, and you may or may not see origami dinosaurs around the shop.

Bar Nine
Location: 3515 Helms Ave, Culver City, CA 90232

This space in the Hayden Tract area of Culver City is hidden, minimalist by design with low-slung counters and Modbar espresso systems. The daily coffee (out of three roasted every season) and the latte with house-made hazelnut milk is a must-try! Grab delicious cookies and/or pastries while you’re here!

Civil Coffee
Location: 5629 N. Figueroa St.  Los Angeles, CA 90042

At their stylish Highland Park coffee shop with high ceilings, beautiful Mexican tiled floors, and a walnut-topped bar they feature single-origin beans from Coava, Heart, and others. Try the “The Figueroa” made with espresso, condensed milk and cinnamon the menu also features everything from toasts with myriad toppings, salads, sandwiches, and sweets.

Blue Bottle
Location: Multiple

In 2014, the Oakland-based shop set its sights on Los Angeles and it’s now grown to 12 hyper-chic locations across town, including Venice, Beverly Grove, Culver City, Echo Park, Los Feliz and beyond. All serve blue bottle coffee and espresso drinks made with a rotating selection of blends and single-origin beans. Try the sweet, unique New Orleans-inspired cold brew with chicory, milk, and sugar!

Weekend Events: November 22- November 24

From museums to the grove, to quaint coffee shops and the hustle and bustle of the tourist-packed Hollywood and Vine, the heart of Los Angeles has endless options for you to fill up your weekend.

 

“Julie Mehretu” until May 17, 2020

Los Angeles County Museum of Art – 5905 Wilshire Blvd, Los Angeles 90036

A co-presentation with New York’s Whitney Museum of American Art, LACMA takes a first-ever mid-career look at the Ethiopian-American artist’s striking large-scale abstractions, with 35 paintings and 40 works on paper. Active since the mid-’90s, Mehretu uses ink and paint to create captivating and chaotic scenes that capture the – often unforgiving – march of geopolitics and displacement through abstraction, architecture, landscape, movement, and figuration.

 

 

Second Home Serpentine Pavilion by SelgasCano until November 24, 2019

La Brea Tar Pits Museum – 5801 Wilshire Blvd, Los Angeles 90036

Each summer, a different world-renowned architect constructs a short-lived immersive pavilion in London’s Kensington Gardens. Now, for the first time, one of those fleeting structures is headed stateside: SelgasCano’s crisscross of airy rainbow tunnels will welcome visitors who are looking for colorful photo ops and free performances, hosted by coworking space Second Home and the Natural History Museum. You can swing by daily from 11 am to 7 pm (and until 9 pm on Fridays), though timed express entry tickets will be released. While you want to visit when there’s ample sunlight to make the iridescent exterior and its colorful shadows more vibrant, do note that it can get pretty toasty inside under the midday sun.

 

 

Los Angeles Auto Show from November 22, 2019 – December 1, 2019

Los Angeles Convention Center – 1201 S Figueroa St, Los Angeles 90015

Drift into the Convention Center for the 10-day LA Auto Show with cars that would even make Bond drool. If you’re a car nerd, get behind the wheel to test drive one of the cherry rides, while celebrities meet and greet at the manufacturer exhibits. With the world and North American debuts from BMW, Lexus, Mercedes-Benz and more, rev up for the machines of the future.

 

The Great Los Angeles Walk, November 23, 2019

Various locations in LA

Every year on Saturday before Thanksgiving, the Great Los Angeles Walk debunks all of those clichés about walking in LA. Hundreds of walkers start the free urban hike on one side of the city and nine hours and 18 miles later end up at the other. You can hop on or off the walk whenever you’d like, and though no reservations are required, RSVP’s are appreciated. This year’s route starts in Arcadia and makes its way through Pasadena, down along Arroyo and into Downtown LA.

 

 

Artists & Fleas Venice, November 23 – December 21, 2019

Abbot Kinney Blvd, Los Angeles 90291

The newest flea market on the block, the Venice outpost of this artisan/craft-focused flea market mini-empire is bringing records, vintage and vintage-inspired clothing, cosmetics, jewelry and more to the Westminister Avenue Elementary School. A handful of small-batch confectioners provide sweet treats to snack on or take home, while food trucks and nearby restaurants provide heartier bites. Though relatively small in size, owing perhaps to its prime location bookending the neighborhood’s famed Abbot Kinney stretch, vendors hawk a diverse range of hand-made and expertly curated wares that seems to simultaneously fit in and stand out in one of the nation’s most unusual neighborhoods.

 

 

A History of Disneyland & Walt Disney World, November 19 – December 6, 2019

Van Eaton Galleries – 13613 Ventura Blvd, Los Angeles 91423

Somehow each Disneyland-inspired auction at Sherman Oaks’ Van Eaton Galleries is seemingly bigger than the last. While that may not be true in terms of floor space this time around – the massive, museum-like That’s From Disneyland! filled a big box in the store in the Valley last year – it certainly is in terms of inventory.

 

Dogs! A Science Tail until January 5, 2020

Exposition Park – 700 Exposition Park Dr, Los Angeles 90037

Learn about the unique bond between dogs and humans at this exhibition, which explores how pups see, hear and smell the world. “Dogs! A Science Tail” takes a colorful, hands-on approach to its subject and mainly targets kids. Be sure to catch daily live demonstrations of dogs’ rescue, agility, sensory and service skills. The exhibition also includes a selection of dog-featuring works of art, mostly Norman Rockwell paintings and Charles Schulz Peanuts strips, on loan from the upcoming Lucas Museum of Narrative Art.

 

 

Neil Simon’s ‘Musical Fools’ until December 1, 2019

Atwater Village Theatre – 3269 Casitas Ave, Los Angeles 90039

In the 1890s, a young tutor arrives in a cursed village where everyone is “as dumb as a bag of rocks.” This world-premiere musical adapts the Neil Simon play Fools, with book and lyrics by Simon, music and lyrics by Phil Swann and Ron West.