Vegan & Vegetarian Restaurants In LA

SAGE

SAGE VEGAN BISTRO

CULVER CITY, ECHO PARK, PASADENA

This trio of organic vegan eateries boasts a massive menu running the gamut from tacos and tostadas to burgers and banh mi, along with a creative selection of pizzas and Sage’s signature cauliflower-based wings. Founder Mollie Angelheart’s small-batch raw vegan ice cream is available at all three locations as are wine, cocktails, and craft brews. The larger Culver City venue also features a 1,500-square-foot outdoor beer garden.

 

BEELMAN’S

DOWNTOWN

After a revamp last year by Tony Yannow’s beer-and-vegan-focused Artisanal Brewers Collective, Beelman’s Pub is now simply Beelman’s: a plant-based pub doling out casual fare with Asian influences. There’s snacky stuff like smoked tofu wonton bites, crispy garbanzos tossed with togarashi and gochujang, and heartier offerings including a loco moco bowl made with Impossible meat, tater-tot “Tachos” topped with cashew cheese, and a kicky chili dog. In addition to the big beer selection, the bar’s cocktail menu — including a few offerings on draft and a smattering of frozen drinks — is a solid one.

 

VEGGIE GRILL

VEGGIE GRILL

VARIOUS LOCATIONS

The growing fast-casual chain now has 13 locations around LA, all of which offer a much-appreciated quick bite for vegans and those who want a break from the Double-Double (hard to believe, but those people do indeed exist). The place offers vegan alternatives not just to burgers, but also stuff like taco salads, brats, and that food-world darling the Nashville Hot Chicken sandwich. The chain also recently rolled out an all-day breakfast burrito stuffed with soy chorizo and the mung bean-based Just Egg.

 

PLANT FOOD + WINE

VENICE

If you’re looking to seal the deal with a vegetarian, Matthew Kenney’s vegan venue should be your go-to date spot. The space is stunning, the patio is pretty, and you’re in Venice, so it’s automatically uber-cool; then there’s the upscale inventive menu, with seasonal dishes like yellow watermelon poke with gooseberries, cashew raclette, and kelp noodle cacio e pepe. The organic wine list is a good one, and you can also opt for the 6-course tasting menu if you really want to impress.

 

TRUE FOOD KITCHEN

TRUE FOOD KITCHEN

EL SEGUNDO, PASADENA, SANTA MONICA

Wellness guru Dr. Andrew Weil originally founded this string of bright-and-airy eateries, focused on a vegetarian-heavy menu centered around his anti-inflammatory food pyramid; think black rice, berries, kale, and avocado. The result is pretty delicious, drawing in a serious weekend brunch crowd for juices and smoothies, avocado toasts, and egg-and-grain bowls. It’s worth a stop-in for dinner, too, thanks to a solid selection of salads, sandwiches, pizzas, and entrees, along with fresh fruit-laced cocktails and beer and wine.

 

BRENNAN’S

MARINA DEL REY

We can’t tell you exactly what dishes used be offered at this longstanding Lincoln Avenue bar (famous for its crowd-drawing turtle races) before it reopened last December — and that’s because we don’t know anyone who ever ate there. But after a total renovation both to the formerly divey space and the menu (once again by Artisanal Brewers Collective), there’s all kinds of vegan-friendly fare on offer including a hummus-and-pickled veggie plate, some super salads, an Impossible burger. Bonus: Nearly all of the pizzas can be made with vegan cheese, and even vegan sausage if you like.

 

LOCALI

LOCALI

HOLLYWOOD, VENICE, WEST HOLLYWOOD

Delis can be dangerous; if you stop paying attention for a second, you might very well wind up devouring a pastrami sandwich the size of your head with a side of mayo-soaked potato salad, and a knish for good measure. Doling out healthy, sustainable fare, Locali can be your safe place with veggie-friendly versions of deli sandwiches including its fabled Reuben, along with quinoa bowls, killer vegan breakfast sandwiches served all day, probiotic smoothies, and coconut fro-yo. There’s omnivorous fare too, but the place is happy to customize dishes and make them vegan-friendly — hear that, every other restaurant in LA?

BY CHLOE.

SILVER LAKE

This vegan New York import has been super-buzzy since opening next to the first 365 by Whole Foods in Silver Lake. It makes everything in-house – from its pesto “meatballs” to its burgers – and also does vegan ice cream, as well as a packed weekend brunch.

 

THE BUTCHER’S DAUGHTER

THE BUTCHER’S DAUGHTER

VENICE

There is, perhaps, no single restaurant on Abbot Kinney that is more Abbot Kinney than this “vegetable slaughterhouse” that’s equal parts hotspot, brunch hangout, juice bar, and vegetarian eatery housed within an absolutely stunning space, with a people-watching patio we’re assuming costs somewhere around $600 million a month to operate. Look for small plates of veggies as well as larger dishes of stone-oven pizzas, pistachio pesto lasagna, and a mushroom tempura po’ boy — then, wash everything down with a cold-pressed cocktail.

 

MOHAWK BEND

ECHO PARK

Located in an old Vaudeville theater, this Echo Park gastropub touts more than 70 beers on tap along with a vegetarian-heavy menu with both straight veggie items (like a smashed pea toast with almond ricotta and street corn) as well as vegan plays on crab cakes and chili cheese fries — and it throws a couple bones to carnivores with burgers, fish tacos, and pepperoni pizza. On weekends, expect live music from DJ Twist every Friday and Saturday along with a late-night menu until 1am and pizza by the slice till 1:30pm.

 

NATIVE FOODS

NATIVE FOODS CAFE

WESTWOOD

According to tabloids, for the brief moment Beyonce went vegan, Native Foods was her go-to spot — and if it’s good enough for the Queen, it’s good enough for you. The Santa Monica and Culver City locations have closed, but the Westwood store is still going strong, and its various versions of faux meat are so meat-like that they’ll fool all but the most devoted carnivores.

 

VESTATION

SHERMAN OAKS

The Valley’s stacked with veggie and vegan options, but this meatless Pan-Asian kitchen blasts out coconut curries, pad Thai, and Japanese gyoza that could easily compete with any meatier options. Make sure to hit the goji berry-infused ginger-quinoa fried rice for a bit of sweetness to balance all that savory.

 

CROSSROADS KITCHEN

CROSSROADS

WEST HOLLYWOOD

It’s probably the most famous vegan restaurant in town (and it ain’t cheap), but the Med-inspired fare at Crossroads is always excellent, and the scene’s always a fun one. Start with the lentil flatbread, then work your way through the rest of the menu — highlights include the shishito-and-peach salad, almond ricotta-stuffed zucchini blossoms, and corn ravioli. End with a hot fudge sundae, and realize that vegans are also capable of walking out of a restaurant filled with regret.

 

PARU’S

EAST HOLLYWOOD

This hidden Indian restaurant is an all-vegetarian Mecca in a part of town where you’d be far more likely to find a great selection of bargain tires than incredible Far East eats. Step through the iron gate into the surprisingly spacious dining room and order up one of the remarkably reasonably priced combos or curry dishes.

 

GRACIAS MADRE

GRACIAS MADRE

WEST HOLLYWOOD

This vegan Mexican restaurant will make carnivores forget how much they love carne asada with flavorful, organic, plant-based plates of chilaquiles, enchiladas, pozole, coconut ceviche, and plenty of other interesting Mexican-inspired dishes. The cocktails are killer, and there’s a popular $7 food-and-drink happy hour during on weekdays, too.

Story courtesy of Thrillist. 

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Economic update for the week ending August 25, 2018

Stocks end week at record highs – Longest Bull Market in history – Stocks ended the week at record highs, for the first time since January, after Fed Chairman Powell released remarks stating that inflation is tame and The Fed no longer fears the economy will overheat and spike inflation. These remarks led investigators to assume he was signing that The Fed was nearing the end of interest rate hikes.  The market also surpassed the bull market of the 1990s as the longest bull market ever hitting 3,450 days this week. The Dow Jones Industrial Average closed the week at 25,790.35, up from 25,669.33 last week. It is up 4.3% year-to-date. The S&P 500 closed the week at 2,874.69, up from 2,850.13 last week.  It’s up 7.1% year-to-date. The NASDAQ closed the week at 7,945.98, up from 7,816.33 last week. It’s up 15.1% year-to-date.

Treasury Bond Yields drop  –  The 10-year Treasury bond closed the week yielding 2.82%, down from 2.87% last week. The 30-year Treasury bond yield ended the week at 2.97%, down from 3.03% last week.

Mortgage rates slightly lower again this week – The August 23, 2018 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.51%, down from 4.53%  last week. The 15-year fixed was 3.98%, down from 4.01% last week. The 5-year ARM was 3.82%, down slightly from 3.86% last week.

New home sales dip in July – The Commerce Department reported that sales of new homes dropped to the weakest pace in nine months in July. New home sales fell 1.7% in July from June’s levels to an annualized rate of 627,000 sales. Analysts expected the number to be closer to a rate of 645,000 sales. Prices increased just 1.8% from last July’s levels. Inventory of new homes for sale also increased to a 5.9 month supply in July. That was up from 5.7 months in June.

July U.S. Total existing-home sales – The National Association of Realtors reported that the number of sales of previously-owned homes fell for a fourth straight month in July. Existing-home sales, which include single-family homes, town-homes, condominiums, and co-ops fell 0.7% in July from June. Year-over-year sales were 1.5% below last July’s sales pace. That marked the fifth straight month of year-over-year declines in sales and the slowest pace since 2016. It should be noted that the number of existing- home sales in 2017 was a record number. Home prices continued to increase. The median price paid for an existing-home in July was 4.5% higher than last July. That marked the 77th straight month of year-over-year price increases. Nationally, housing inventory decreased 0.5% in July. The unsold inventory index stood at a 4.3 month supply, unchanged from last July’s level.

California existing home sales slow for third straight month in July – Prices higher – The California Association of Realtors reported that existing single family home sales totaled 406,920 in July on a seasonally adjusted annualized basis. That was down 0.9% from June and 3.4% below last July’s level when home sales totaled 421,460 on an annualized basis. The state-wide median price paid for a home was $591,460 in July, up 7.6% from last July. On a regional level, prices in Los Angeles County rose 5.5%, Orange County prices rose 5.6%, and Ventura County prices rose just 2.1% from July 2017.  Inventory levels continued to increase. The unsold inventory index ticked up to a 3.3 month supply in July, up from 3.2% last July. A normal market has a 6 -7 month supply. Active listings increased for a fourth consecutive month after 33 months of declines, increasing 11.9% from last July. 

Have a great weekend!
Syd

Target's Popular House-Brand Groceries: Here's What To Buy

Store-brand food can be a hit or miss endeavor: For every tasty off-brand Dorito at Aldi or 35lb bag of jerky at Costco there seems to be an entire pantry’s worth of cheap, nearly inedible knockoffs. But Target’s been sneakily owning the store-brand game for a while, and we’re not just talking about its delicious wine. The Archer Farms label has the pantry, fridge, and freezer game on lock, and to fill you in on what the minivan-owning horde has long known, we asked Target-obsessed Instagrammers All Things Target and Target Does It Again to select their favorite Archer Farm foods.

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Weekend Events: August 24 – 26

Los Angeles provides no limit of things to do, some awesome and some not so awesome. Since time is precious in this fast paced city we curate a list of things to do in Los Angeles for every weekend that’ll help you decide how you want to spend your limited supply of attention (not to mention dollars!).

This weekend, from Friday, August 24 to Sunday, August 26, features Los Angeles Food & Wine Festival, DTLA Proud Fest, Muse ’til Midnight at LACMA, Harry Potter Roller Skating Night, ScareLA, Matcha LA Fest, and MUCH more.

Enjoy!

Friday August 24th, 2018

1. The 8th annual Los Angeles Food & Wine Festival is a five-day epicurean event showcasing the finest in Los Angeles food and drink culture. Happening in Downtown L.A., Santa Monica and Beverly Hills between from August 22-26. Check for discounted tickets before making your purchase. DISCOUNTED (via Goldstar)

2. The DTLA Proud Festival returns to Pershing Square for a weekend of community and diversity celebration starting with a free all ages celebration this Friday featuring live music, food vendors, artists and more representing the culture, history, and diversity of the Los Angeles LGBTQ+ community. Keep in mind Friday evening will be alcohol free and Saturday and Sunday event days are 21+ and will be serving alcohol.

3. Eat|See|Hear returns for 2018 with a screening of Easy Rider on Friday and Back to the Future on Saturday at The Autry. Check for discounted tickets at select screenings. DISCOUNTED (via Goldstar)

4. The Roadium in Torrance presents Classic Drive-in Movies every Friday night in August and the first Friday of September. Each family-friendly event features classic films projected on the screen tower. Continuing the series is a screening of Five Summer Stories.

5. Halo Top celebrates their grand opening at The Grove with free ice cream for the first 100 guests and a life-sized ice-cream wonderland with life-sized ice cream pints, themed ball pits, golden swings, and other playful installments.

6.. Back for the 15th year in a row, The Independent Shakespeare Co. presents Shakespeare in the Parkat the Old Zoo in Griffith Park with free performances of A Mid Summer Nights Dream and Titus Andronicus Wednesday through Sunday. FREE

7The Labyrinth Masquerade Ball happening August 24-25 at the Millennium Biltmore in DLTA is a unique experience featuring extravagant costumes, performances, multiple ballrooms with dancing, mythological acts, special effects and the popular Goblin Court.

8. The La Brea Tar Pits and Museum will host Late Night Fridays where guests can enjoy free general admission from 5 to 8 p.m. and gain access to special activities, 3D movies, behind-the-scenes tours, live excavations, and more. FREE

9. Barnsdall Fridays returns to Barnsdall Art Park for the tenth year in a row, with evening tastings of boutique wines and music from KCRW DJs perched atop a hill with incredible city views.

10. The Music Center’s annual Dance DTLA series is back for 2018 with a series of Friday-night events at Grand Park. This week features Dance DTLA, an evening dedicated to Bollywood. FREE

11. A Yeti Village has been constructed on Hollywood and Vine in anticipation for the movie SMALLFOOT. Designed to look like winter, visitors of all ages can dance in a blizzard, swing on a cloud, ride a 20-foot slide, play in a snowball pit, sing karaoke, do arts and crafts and more. The family-friendly experience is free to attend and runs through September 14, 2018. FREE

12. Rooftop Cinema Club returns to the rooftops of LEVEL in DTLA and NeueHouse in Hollywood with multiple screenings this week that include The Greatest Showman, Coco and more.

13. Check out Todd Schorr’s Neverlasting Miracles at KP Projects on La Brea Ave. Gallery hours are noon to 6 p.m., Tuesday to Saturday. The exhibition runs through September 1.

14. Are you a Chase bank customer? Got a freebie you might want to know about. Coolhaus is teaming with the Forum and Chase to hand out free ice cream sandwiches to Chase customers on Fridays all summer long. Locations will change every Friday, and the offer is ice cream sandwich per cardholder. Get more info here.

15. WP24 by Wolfgang Puck’s Summer Supper + Show returns every Friday and Saturday, July through August, with a Asian-inspired dinner at WP24 by Wolfgang Puck followed by a movie screening on the private 26th floor hotel rooftop. This weekend they’ll screen Noting Hill.

16260LA is hosting a sample sale with Jonathan Simkhai and Charlotte Olympia August 22-25.

17. Rodeo Drive’s BOLD Summer concludes this week with a block party featuring live entertainment, special restaurant offers, and more. BOLD will happen Thursday, Friday, and Saturday. FREE

Saturday August 25th, 2018

18. Muse ’til Midnight at LACMA is the ultimate late-night party. 2018’s edition is a celebration of 3D art, inspired by LACMA’s new exhibit, 3D: Double Vision. Enjoy music curated by DUBLAB, access to five galleries and more.

19. Los Angeles’ first Matcha LA Fest celebrates all things matcha on August 25-26 with over 20 vendors, matcha in many different forms, a photo booth, giveaways, matcha merch, and more.

20. The seventh and final Harry Potter Roller Skating Night returns to Moonlight Rollerway for a truly special and enchanting evening

21. Summer Happenings at The Broad is a series of late-night events featuring music, performance and art. Now in its third year, the evening series is inspired by The Broad’s new exhibition, A Journey That Wasn’t  which explores artists’ representations of time, memory and repetition. This month the series will highlight Chinese artists with performances by post-punk band Re-TROS, Xiu Xiu, MIIA, Asian Dope Boys and more.

22. Cinespia is back for its 17th summer season, at the Hollywood Forever Cemetery for screenings of films modern, cult, and classic. This Saturday they’ll screen Big and Sunday they’ll screen Barbarella as part of the Johnny Ramone tribute.

23. KCRW’s Summer Nights offers free all-ages outdoor music shows over the course of the summer throughout Los Angeles and this Saturday they’ll takes over Chinatown one last night with KCRW DJs Raul Campos and Jason Bentley. FREE

24. The Los Angeles Philharmonic and Gustavo Dudamel will perform some of Tchaikovsky’s greatest hits under the stars at the Hollywood Bowl with a spectacular fireworks show. DISCOUNTED (via Goldstar)

25. Summer Street Market Nights, a delicous evening at The Mixing Room in DTLA is a monthly event featuring an assortment of interactive food stations offering international cuisine and themed entertainment. This months theme is One Night in Bangkok!

26. The 13th Annual Venice Beach Music & Arts Festival is a free event featuring live music and dance performances, food trucks, mural painting and more in Windward Plaza Park and along the boardwalk in Venice. FREE

27. Brick Fest Live: Lego Fan Experience in Pasadena (August 25-26) is coming to the Pasadena Convention Center for two days of insane builds, hands-on activities, and sets to buy.

28. Celebrate Latinas when LATINAFest: Mind, Body & Soul, a free festival, comes to La Plaza de Cultura y Artes in Downtown Los Angeles.

29. Celebrate Halloween in the summer with ScareLA (August 25-26), the city’s only convention with interactive experiences, industry professionals, roaming monsters and more. Check for discounted tickets before making your purchase. DISCOUNTED (via Goldstar)

30. Head to Long Beach’s Shoreline Drive for Beach Streets Twilight, an event that sees one mile of the famed road shut down to cars in favor of bikes, scooters, roller blades, pets, and your own two legs! There will be food trucks, drinks, and two music stages, so get outside and enjoy the city of Long Beach! FREE

31.. The Silverlake Flea-Night Market taking place every Saturday from 5-10 p.m. all summer long features a plethora of local, independent sellers that offer vintage clothing, art, rare vinyl, crafts, and much more.

32. Grand Central Market’s downstairs area will transform into a magic club for one night featuring award-winning comedy magician Dana Daniels. Guests can also experience close-up magic by Kayla Drescher and Robert Ramirez as well as sleight of hand magic by Georges-Robert. Magic will also be performed throughout the historic food hall. FREE

33. Off the 405, free concerts at the Getty will host a performance by Combo Chimbita and a DJ set by Maieli in the museum courtyard. FREE

34. NFMLA’s Film Festival will show two shorts programs, along with a feature from a NFMLA award-winning alumni this Saturday. Check for discounted tickets before making your purchase. DISCOUNTED (via Goldstar)

35. Pasadena Rooftop Cinema is back for another series of free family friendly screenings on a South Lake Avenue rooftop. This Saturday the series will screen Star WarsFREE

36. The Leimert Park Village Book Fair comes to Baldwin Hills Crenshaw for an all-day literary extravaganza with author meet-and-greets, celebrity author, literary and educational exhibitors, a Children’s Pavilion with book giveaways, panel discussions, writing workshops, musical entertainment and poetry recitals, food trucks and more. FREE

37. British artist Lucy Sparrow has transformed the second floor of the Standard in DTLA into Sparrow Mart a supermarket art wonderland fill with over 31,000 adorable felt-covered food replicas all for sale. Part art installation, store and loads of photo worthy moments, Sparrow Mart open Aug 1-31 (closed on Mondays) is free to attend on a first come first serve basis. FREE 

38. Outdoor theater Will Geer’s Theatricum Botanicum, located in Topanga Canyon summer 2018 season begins on June 2 with a performance of Shakespeare’s Coriolanus. Check for discounted tickets before making your purchase. DISCOUNTED (via Goldstar)

39. The Actors’ Gang will once gain bring back Free Shakespeare in the Park for Families with a production of Much Ado About Avengers an original play inspired by William Shakespeare’s “Much Ado About Nothing” and the characters of Marvel’s Avengers. Taking place at Media Park in Culver City, the 45 minute, all‐ages production will run every Saturday and Sunday this month through August 26. FREE

40. Street Food Cinema returns this weekend with a screening of Bridesmaids at LA Arboretum in Arcadia and Xanadu at Pan Pacific Park in Beverly Hills. Select screenings are discounted via Goldstar. DISCOUNTED

Sunday August 26th, 2018

41. There’s a free community tribute to the late Jonathan Gold on the steps of City Hall in DTLA this Sunday. The public commemoration of the Pulitzer Prize-winning writer is hosted by Carolina Miranda, Los Angeles Times arts and culture columnist and will include tributes from friends, family, and colleagues of Gold. There will also be a screenings of unseen clips from City of Gold, the 2015 documentary about Gold’s culinary adventures, along with food trucks selling food. FREE

42. Cal Jam 18 will host a pop-up at the Hollywood Palladium with free performances by Chevy Metal and The Holy Shits, plus food, merchandise and more. FREE

43. Get your stretch alongside some adorable dogs during Dog Yoga at The Dog Cafe. Yoga will be led by instructor Melissa Burton and will be followed by play time with pups and refreshments.

44. The 3rd Annual BBQ Day at Smorgasburg LA is coming this Sunday and fans of ice cream can head down to Ice Cream Alley, a special area dedicated to showcasing ice cream.

45. Los Angeles Magazine’s inaugural FIT LA is a morning wellness event featuring a Pure Barre class, healthy bites, beauty and nutrition samples, mini spa treatments and more at Calamigos Beach Club in Malibu.

46. To celebrate National Dog Day this Sunday The Citadel Outlets ll host their annual ‘Barks & Brews’event welcoming hundreds of local pets and their owners for a day of craft beer tasting, food truck bites and live entertainment.

47. Metro Art Presents “Changes: Works at Union Station,” an afternoon of 20 site-specific performances and interactive works in unique spaces inside the station. FREE

48. There’s a Vegan Block Party happening at Dry River Brewing this Sunday featuring vegan and cruelty free vendors like Jades Vegan Sushi, Veggie y Qué, Mini Drops Ice Cream and much more. Free to enter and food is for sale.

49. Escape the summer heat during Jazz on the Lawn, a series of free summer concerts at Santa Monica’s Gandara Park every Sunday in August. In addition to live music there will be free dance lessons, food trucks and picnic gamesFREE

50. Free museum daysMuseum of Latin American Art and Craft and Folk Art Museum (pay what you can)

Schedule provided by We Like LA.

Rodeo Realty's Monty Abramov selling onetime Beverly Hills home of late actress Mary Martin

Recently featured in the Los Angeles Times is the former home of Mary Martin, the late actress and Broadway star best known for her performances of “Peter Pan” and “The Sound of Music.”

The Beverly Hills home is for sale off-market for $6,595 million. Monty Abramov of Rodeo Realty Beverly Hills holds the listing.

The Traditional-style home comes with 5 bedrooms, 4.5 bathrooms, formal and informal dining areas, and office, a living room with a floor-to-ceiling fireplace, and a separate guest house.

The two-story property also has a landscaped verdant backyard, a swimming pool and spa, a barbeque and an outdoor dining area.

For more information on this home, visit www.525rexford.com.

According to the LA Times, Martin won Tony Awards for her roles in the Broadway versions of “Peter Pan” and “The Sound of Music,” and she also appeared in 15 films from 1938 to 1953.

To read the LA Times article on this property, click HERE.

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Economic update for the week ending August 18, 2018

California employers add 46,700 jobs in July – The Employment Development Department reported that 46,700 new jobs were added in July. The unemployment rate held at a record low of 4.2%. The number of job gains exceeded expectations, but average hourly wages rose just 2.2% from one year ago.

Stocks surge on renewed trade talks – Stocks had a turbulent week. They dropped early in the week as fears that a currency and economic collapse in Turkey could spread to other countries within the region, but surged Thursday and Friday as trade negotiations with China, Mexico, and Canada were reported. Investors are also very optimistic as the second quarter earnings season comes to a close. Most companies reported double digit percent increases in profits. The Dow Jones Industrial Average closed the week at 25,669.33, up from 25,313.14 last week. It is up 3.8% year-to-date. The S&P 500 closed the week at 2,850.13, up from 2,833.25 last week. It’s up 6.6% year-to-date. The NASDAQ closed the week at 7,816.33, down from 7,839.12 last week. It’s up 13.2% year-to-date.

Treasury Bond Yields unchanged  – The 10-year Treasury bond closed the week yielding 2.87%, unchanged from 2.87% last week. The 30-year treasury bond yield ended the week at 3.03%, unchanged from 3.03% last week.

Mortgage rates slightly lower for the week – The August 16, 2018 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.53%, down from 4.59% last week. The 15-year fixed was 4.01% from 4.05% last week. The 5-year ARM was 3.86%, down slightly from 3.90% last week.

California existing home sales slow for third straight month in July – The California Association of Realtors reported that existing single-family home sales totaled 406,920 in July on a seasonally adjusted annualized basis. That was down 0.9% from June and 3.4% below last July’s level when home sales totaled 421,460 on an annualized basis. The state-wide median price paid for a home was $591,460 in July, up 7.6% from last July. On a regional level, prices in Los Angeles County rose 5.5%, Orange County prices rose 5.6%, and Ventura County prices rose just 2.1% from July 2017. Inventory levels continued to increase. The unsold inventory index ticked up to a 3.3 month supply in July, up from 3.2% last July. A normal market has a 6 -7 month supply. Active listings increased for a fourth consecutive month after 33 months of declines, increasing 11.9% from last July. 

Have a great weekend!

Syd