Posts

Posted on

Economic update for the week ending October 28, 2017

Stocks markets close at record levels for 7th straight week – Stocks were higher again this week, reaching record levels for the seventh week in a row. These gains came in what was the busiest week for third quarter earnings. Several technology companies reported solid earnings, pushing the NASDAQ up 2.2% on Friday. Some other factors that bolstered stocks were: Congress appeared to be close to passing tax cuts, which include reducing the corporate tax rate substantially. Some congress people said it could be passed by thanksgiving. The first release of the third quarter GDP showed the economy grew at a 3% rate in the third quarter. The Dow Jones Industrial Average ended the week at 23,434.19, up from 23,328.64 last week. It’s up 18.6% year to date. The S&P 500 closed the week at 2,581.07, up from its close last week of 2,575.21. The S&P is up 15.3% YTD. The NASDAQ closed the week at 6,701.26, up from its last week’s close of 6,629.05. It’s up 24.5% year-to-date. 

Bond yields higher this week – The 10-year Treasury bond closed the week at 2.43%, up from 2.39% last week. The 30-year treasury yield ended the week at 2.93%, up from 2.89% last week. Mortgage rates follow treasury bond yields so we watch bond yields carefully.

Mortgage Rates higher this week – The October 26, 2017 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 3.94%, up from 3.88% last week. The 15-year fixed was 3.25%, up from 3.19% last week. The 5-year ARM was 3.21%,up from 3.17% last week. 

Third quarter GDP beats expectations – The Commerce Department reported that the Gross Domestic Product, the broadest measure of growth in the economy, unexpectedly rose 3% in the third quarter after a 3,1% increase in the second quarter. Analysts expected that the rate of growth would be 2.5%, due to some slowing caused by hurricane damaged areas. 

September U.S. Existing Home Sales and Prices – The National Association of Realtors reported that existing home sales increased 0.7% in September from August sales levels. Year-over-year closed escrows on existing homes were 1.5% below last September’s pace. Most of that decline was attributed to hurricane damaged areas which showed large declines in sales. Existing home sales include re-sales of one to four unit homes, town-homes, condominiums, and Co-ops. The median price nationwide for an existing home increased 4.2% from September 2016, the 67th straight month of year-over-year increases. Total housing inventory was 1.6% higher in September than in August, but 6.4% below last September, representing its 28th straight month of year-over-year decreases in the amount of homes for sale. The unsold inventory index fell to a 4.2 month supply of homes for sale, down from a 4.5 month supply one year ago. 

Have a great weekend,
Syd

Posted on

Rodeo Realty's 'A Day At The Races' 2017

Rodeo Realty had its annual ‘A Day At The Races’ on Thursday, October 26.

The event was held at the Santa Anita Park in Arcadia. Agents enjoyed a day filled with great food and horse races!

To view all photos of the event, go to our Facebook page. Click HERE.

 

Posted on

Rodeo Realty's Northridge agent Wendy Dern collecting candy for troops

For years, Rodeo Realty’s Northridge agent, Wendy Dern, has been coordinating a candy collection for an organization called “For The Troops”, a 100% volunteer non-profit group that sends “We Care” packages to our troops over seas, year round. Over 2000 packages are sent every month, and contain basic personal essentials, playing cards, magazines, letters from volunteers, and so much more. Every box is packed, then filled with candy, not just as a fun treat, but to insure there is no movement in the package.

In previous years, Wendy has collected about 1000 lbs. of candy. As they increase the number of packages sent every month, the amount of candy needed increases too. According to Wendy, this year they ran out of candy in April!  Therefore, this year she has set out to increase her collection goal to at least 2000 lbs. of candy!

Wendy will be collecting candy from October 18 – November 9.

If you would like to participate by donating candy, (leftover Halloween candy, candy purchased from post Halloween sales, excessive candy from your kids trick or treating, etc), please call, text, or email Wendy to make arrangements so that she can get your donation. Thanks for your support!!!

Posted on

Los Angeles Location Announced For ‘Saved By the Bell’ Pop-Up Diner

Shoutout to all the early nineties kids out there!

Saved by the Max, a Saved by the Bell pop-up diner experience, is headed to Los Angeles in the very near future. But we knew that already.

The new news? A location has just been revealed, and if you live in WeHo (and you’re a fan of the classic Saturday morning staple) then this might make you very happy.

Yesterday the new diner confirmed the address of their soon-to-be home: 7100 Santa Monica Boulevard at the West Hollywood Gateway Shopping Center. Actor Dennis Haskins (aka Mr. Belding) announced the news in a video posted to the Saved By The Max YouTube channel.

Saved By the Max first came to the Wicker Park neighborhood of Chicago in June of 2016 and closed after a one-year run with plans in place to take the operation to the west coast.

The menu features typical American fare named after Saved by the Bell characters including Tori’s fried chicken, A.C. sliders, Mac & Screech, and the Kelly Kapowski Monte Cristo.

If the first iteration of the pop-up is any indicator, then visitors of the L.A. version can expect a high level of detail to sell the throwback vibe, from bright neon booths and formica countertops to vintage arcade games and a jukebox, all modeled after the set of the original series.

Tickets are not yet on sale for L.A.’s Saved by the Max but there is a waitlist via the official website.

There’s still no word on an official opening date, but stay tuned.

Story courtesy of We Like LA. 

Posted on

Weekend Events: October 27 – 29

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 pre-Halloween weekend in L.A. (October 27 – October 29) includes Dia de los Muertos celebrations, ‘Romance Resurrected at MOBR’, a Zombie Crawl, a Halloween block party, SoCal corgi beach day, and MUCH more.

Enjoy!

Friday October 27th, 2017

1. ‘Romance Resurrected’ at the Museum of Broken Relationships is a fun, festive, and (just a little) frightful way to kick off your Halloween weekend in Los Angeles. Co-hosted by the fine folks at We Like L.A. (hey, that’s us!), the shindig will feature drinks, dancing, and plenty of ways to explore the terrifying mysteries of this thing called love.

2. Old Pasadena Day of the Dead Weekend starts this Friday. The event features three days of music, activities, and a self-guided Tour of Altars, featuring both traditional and contemporary Day of the Dead altars (Oct. 27-29)

3. Way back on October 27, 1917, Grand Central Market opened its doors to Angelenos. Still in operation and more vital than ever, the Market now celebrates 100 years in business on Friday with a daylong celebration. The 100th Birthday Bash will feature vendors serving items inspired by the food hall’s history. Hear live music inspired by different times in the Market’s history, along with a vintage photo booth, costume contest and more.

4. Visit Paramount Ranch in Agoura Hills when it’s transformed into Scare-amount Ranch, a free family-friendly evening combining nature with film history. FREE

5. LA Critical Mass: America’s Largest Community Bike Ride – This year’s ride starts ride at Wilshire Blvd and Western Ave, Los Angeles, California at 6:30 p.m. Costumes encouraged!

6. The undisputed king of comics, Stan Lee is returning to L.A. for his 6th annual Comic Con at the L.A. Convention Center. Hosted on October 27-29, this annual event is a pop culture haven for comic, video game, fantasy and multi-media fans.

7. Kick off Día de los Muertos at FIGat7th in DTLA with free tequila tastings, music and face painting this Friday. FREE

8. The Redondo Beach Pier Association and King Harbor Association invite guests to a free Halloween 80s Dance Party hosted by Richard Blade. FREE

9. Immerse yourself in the beauty of the Arts and Crafts movement during the 26th Annual Craftsman Weekend, taking place in Pasadena on October 26-29.

10. Eat|See|Hear returns with Front Porch Cinema, a free movie night below the stars every Friday on Santa Monica Pier from September 29 through October 27. The fall film series will also feature music, drinks, and bites before each screening. This week they’ll conclude with a screening of “Rogue Elements” presented by REI. FREE

11. After multiple sold-out performances in New York, Boston and Los Angeles, Feathers of Fire: A Persian Epic will make its debut at The Wallis in Beverly Hills. Feathers of Fire is a dazzling show of shadow puppetry “live animation” of a 10th-century book of Persian poetry played out on a cinema-size screen. Check for discounted tickets before making your purchase. DISCOUNTED (via Goldstar)

12. Head over to Torrance for one of the most well-known Oktoberfest celebrations in the L.A. area! Alpine Village Oktoberfest runs September 8 through October 28 every Friday, Saturday and Sunday. Enjoy traditional Bavarian food, beer, dancing, and more.

13. The Sivley family is back for their 46th year of hosting the award winning, Beware the Dark Realm a haunted house experience in the city of Santa Clarita. Haunt kicks off this Satruday and will run every Friday and Saturday thorough the month. FREE

14. Knott’s Scary Farm is back with their signature haunted attractions, mazes and thousands of monsters ready to scare the living day light out of you and your crew. Be sure to check for discount tickets before making your purchase. DISCOUNTED (via Goldstar)

15. California Market Center in Downtown Los Angeles’ Garment District, will open its doors to the public for a big sample sale this Friday. Score fantastic bargains on current styles for women, men and kids. Keep in mind that most showrooms accept cash only, and that you’ll want to bring your own bags.

16. Get ready to shriek, because Urban Death: Tour of Terror is back at Zombie Joe’s Underground Theatre Group in North Hollywood. This haunted theater attraction features a terrifying performance and a maze of inexplicable horrors, unfathomable monstrosities, and the disturbing spirits that walk among us. Happening every Friday and Saturday this month. Check for discount tickets before making your purchase. DISCOUNTED (via Goldstar)

17. Silent Classic Horror Festival will host a month long fright fest. This week the 1925 film Phantom of the Opera will be screened at Old Town Music Hall located in El Segundo. The festival takes place every Friday through Sunday.

18. Climb aboard the 17th Annual Ghost Train in Griffith Park on October 13-31 and ride on their iconic train into a spooky setting of animatronics, projections and pyrotechnic. The ride is family friendly with no blood, gore or actors jumping out to scare you like most Halloween experiences.

19. 260 Sample Sale LA returns with a Paul Smith sample sale at their Beverly Hills store October 25-29. Offering up to %75 off of women’s and men’s clothing, accessories and shoes.

20. The Queen Mary Ghost presents Ghost & Legends a new year-round experience perfect for thrill seekers and scare enthusiasts. Climb aboard the haunted RMS Queen Mary and test your fears inside the massive interactive and immersive haunted attraction.

21. Checkout The Nightmare Before Christmas with 4-D Effects at El Capitan Theatre in Hollywood October 20-31. Check for discount tickets before making your purchase. Happening all weekend long. DISCOUNTED (via Goldstar)

Saturday October 28th, 2017

22. The First-Ever Growlers Six Music Festival happening on October 28-29 at the Port of Los Angeles will feature acts like the Yeah Yeah Yeahs, Modest Mouse, The Growlers, The B-52s, Girl Talk and more.

23. L.A.’s Day of The Dead at Hollywood Forever Cemetery is the largest Dia de Los Muertos celebration in L.A. featuring four music stages, live entertainment, 100+ altars, traditional dancing and delicious Mexican cuisine.

24. KCRW’S Masquerade Ball is back from the dead and headed for The MacArthur! Lucent Dossier, Lucha Vavoom, and belly-dancing flappers Les Petites Bonbons are just a few of the high-profile acts performing at the ball.

25. This Saturday enjoy free admission to a dozen exhibits across Los Angeles County during PST: LA/LA West LA & Valley Free Day. FREE

26. The Ace’s annual Halloween party, the Beastly Ball, features DJ sets by special guests Thee Mike B, DJ Franc, and the Restless Nites DJs, with dark arts provided by Super Deluxe and special cocktails. Dweller-of-the-night attire encouraged.

27. Celebrate Halloween at Marina del Rey’s Burton Chace Park on October 28–29 during the Marina SPOOKTACULAR. Offering a family-friendly harvest celebration during the day and spine-tingling thrills at night, guests can enjoy haunted pirate ships, scavenger hunts, a hay maze, carnival games, a “Thriller” dance flash mob and much more. FREE

28. Honor the dead at Grand Park in Downtown Los Angeles during its Día de los Muertos ceremony on Saturday, followed by eight days of viewing Dia de los Muertos altars. Saturday will feature a traditional Noche de Ofrenda ceremony, art installations, L.A.-based poets and musicians as well as Aztecan, Oaxacan and Michoacán dancers. FREE

29. In honor of Halloween, visit the Huntington in San Marino for Drama After Dark: A Night of the Macabre with Poe & Gorey this Saturday. Watch an enactment of creepy works on the moonlit grounds of the Huntington like “The Tell-Tale Heart,” “The Gashlycrumb Tinies,” and more.

30. The 14th Annual Halloween and Mourning Tours at Heritage Square Museum returns for two days of all things mourning such as a tour of the Undertaker’s home, a seance, coffin making, a Victorian mummy unwrapping party to name a few.

31. Theatricum Botanicum will transform itself into a haunted Halloween extravaganza with various activities and entertainment. Highlights include ghost stories, game booths, themed food and libations, live music and performances by zombie thespians and improv groups.

32. TAO Group’s CARNAL CARNIVAL is a fully immersive Halloween extravaganza with circus characters, an exotic zoo, a neon fun house, DJ’s and Snoop Dogg. Guests will have access to several locations including The Highlight Room atop DREAM Hollywood and Avenue Los Angeles.

33. The 5th Annual Santa Monica Zombie Crawl will bring hundreds of wannabe zombies to the heart of the west side for a night of terror, partying, dancing and drink specials from many city establishments. The night will end with a party at 1212 on the promenade.

34. Idle Hour in North Hollywood will host a Disney Villain Costume Party. Dressed as a Disney villain character!

35. Halloween weekend at Clifton’s Republic in Downtown Los Angeles welcome ghost, goblins and gauls to The Neverlands, an immersive haunted forest experience. Featuring live and dead entertainment, rare concoctions of alchemy and mayhem, including fiery cocktails and devilishly delicious food items by Executive Chef Andrew Pastore.

36. Long Beach Zombie Walk heads to Shoreline Village for zombie movies, beer gardens, live music, mazes, games, a Thriller flash mob and a massive zombie walk. FREE

37. Grab your pooch and head to Angel City Brewery in DTLA this Saturday for the brewery’s Howl-O-Ween event. The dog-friendly afternoon will feature a dog costume contest, adoptions, dog treats and much more.

38. Chicas Tacos and Boomtown Brewery are teaming up for a deadly 1920’s Hollywood soiree. The night will feature Cocktails from the Crypt, Bewitching Burlesque, DJs of the Damned, an immersive crime solving game and more.

39. The Los Angeles Haunted Hayride continues at The Old Zoo in Griffith Park through October 31. This years theme is “Clown” and features four different freaky zones, a slew of demonic clowns, a corn maze and more.

40. Hundreds of Corgis will gather this Saturday for SoCal Corgi Beach Day at Huntington Beach. All dogs are allowed to come to the fall beach day!

41. Wicked Lit  is a spooky immersive theatre experience taking horror literature and turning them into plays at the Mountain View Mausoleum & Cemetery. It happens every Thursday through Sunday from September 28 through November 9. Check for discounted tickets before making your purchase. DISCOUNTED (via Goldstar)

42. Multi-sensory, walk-through experience Creep LA returns to the Music Box in DTLA October 5 through November 12. Inspired by the Amazon Prime Exclusive Series Lore the experience is fully engaging, multi-sensory and super-scary, featuring some of pop culture’s most legendary horror myths. Happening Thursdays through Sundays.

43. The 36th Annual Village Venture Arts & Crafts Faire comes to Claremont Village featuring local artists and craftsmen selling goods, live music, international foods and a children’s costume parade. FREE

44. Halloween Horror Nights taking place at Universal Studios Hollywood will immerse guests in a three-dimensional world of terror featuring a new slate of mazes, scare zones and a newly designed “Terror Tram” experience. Themes include American Horror Story, The Shining, SAW, Insidious and more.

45. Boo at the L.A. Zoo returns for a spooktacular season. Highlights include a “Nocturnal Adventure” maze,  “Animals and Boo” creepy crawler encounters, pumpkin-carving demos and other family-oriented fun.

Sunday October 29th, 2017

46. LAVA (the Los Angeles Visionaries Association) will host a free tour of civic art in Los Angeles’ civic center. There will be an illustrated lecture focused on the rich architectural legacy of Downtown L.A.‘s civic center and a group walk to visit a number of historic and more recent civic artworks. FREE

47. The Eagle Rock Bark Halloween Block Party and Kittie and Doggie Rescue Adoption comes to Eagle Rock City Hall on Sunday for the cutest Halloween-themed event all for a furry cause. FREE

48. There’s an All-Star Cookout happening at Mack Sennet Studios in Silver Lake this Sunday. Expect chefs like Jonathan Yao of Kato, Erwin Tjahyadi of Bone Kettle and Avner Levi of Cento Pasta Bar to grill up some good eats right before your very eyes.

49. The Los Angeles Master Chorale will present a Dia de los Muertos inspired concert of mostly Latin American composers, themed around “death” and “celebration.” The concert will take place at the Walt Disney Concert Hall.

50. Enjoy a bit of spooky family fun at  Mr. Bones Pumpkin Patch. The patch is open daily with an additional “Boo-tique” pop-up near by at Platform LA in Culver City.

51. Check out Hollywood Forever Cemetery’s renowned Historic Walking Tour this Sunday. The popular, fact-filled tour are led by film historian Karie Bible.

52. The Queen Mary’s Dark Harbor will transform into a seaport of the damned for the Halloween season with terrifying mazes and monsters at every turn like the Iron Master and Graceful Gale. This year they’ll reveal their newest member of the crew, his name is Chef and he’s got a carnivorous kitchen staff with a big appetite. Happening Thursdays and through Sundays. DISCOUNTED (via Goldstar)

53. Do you think your dog has the best Halloween costume? Enter your for legged friend in the 17th Annual Haute Dog Howl’oween Parade at Marina Vista Park in Long Beach! Expect over 500 pups during this popular annual parade through Belmont Shore.

54. There’s a Great Pumpkin Hunt happening at the South Coast Botanic Garden from October 1 through November 30 everyday from 9 a.m. to 5 p.m. Highlights include an imaginative scavenger hunt, light hiking, a pumpkin shop and access to the gorgeous 87-acre grounds. Great for families. Halloween costumes are welcome.

Article courtesy of We Like LA.

Posted on

Disneyland To Add New 700-Room Hotel, Expected To Open In 2021

Disney will begin construction next summer on a new 700-room hotel at the Anaheim Disneyland Resort, Disney Parks Blog reports.

The new hotel will mark the first luxurious four-diamond hotel to open in Disney’s Anaheim resort in almost 20 years. The property is planned as an entry for “a new gateway” to the resort. It’ll be located on the west end of the park’s Downtown Disney district.

“Extensive landscaping and water elements will create a resort oasis, showcasing nature on every level of the hotel.” It will feature ground-level shops and eateries, two pools, a high-end rooftop restaurant, and a platform for the park’s monorail.

In front of the hotel, an “expansive landscaped plaza complete with playful water features” is planned. Further landscaping and walkways will link the new hotel with the resort’s four existing hotels, creating a new entrance to the park from the west.

The huge new hotel will take up 17 acres, and it will rise where the AMC theater, an Earl of Sandwich shop, the ESPN Zone, and Rainforest Cafe now stand, reports the Orange County Register. Disneyland officials told the Register that they’ve started to share their plans with tenants who would be displaced and say it’s possible some many find space to operate in the future hotel, which is expected to open in 2021.

As part of this project, Disney will also build a huge six-story, 6,500-spot parking structure on the existing Pinocchio Lot.

Story courtesy of Curbed. 

Posted on

Dodgers World Series Food Deals

It’s time for Dodger baseball! This week the Dodgers begin their World Series showdown versus the Astros and the entire city is celebrating through drink and food specials that include $2 beers, $1 shots of whiskey and more. We’ve got a few choice options on where to watch the big games and get a few tasty deals to boot.

Bon Appétit!

Where To Eat During The World Series

The Dodgers are back in the World Series for the first time since 1988. Now some of the city’s bars are gearing up to help all Dodger fans celebrate. Check out our top picks of bars and resturants offering specials.

The Mixing Room at JW Marriott Los Angeles L.A. LIVE will be serving a special Kershaw’s Curveball tequila sour featuring a white baseball with blue stitching foam art.

Baldoria will offer an all-night happy hour on World Series game days. For every Dodger home run the bar will serve $1 shots of whiskey. If the Dodgers win the World Series, anyone at the bar during game day will receive a free glass of champagne.

Brack Shop Tavern in DTLA will give out free appetizers (one per table) for guests wearing Dodger gear on World Series game days.

Dog Haus biergarten locations located in USC, Alhambra and Old Pasadena Green Street will offer it’s Happy Hour deals from game start to finish.

Public School on Tap gastropub has added in a large projector in the dining room of its Downtown Los Angeles location for special screenings of the game. Additionally, “Recess” (aka Happy Hour) is held everyday from 3 to 7 p.m., with specially priced drinks and bites.

The Standing Room is showing the World Series and they’re doing an off-menu chili cheese hot dog plus one draft beer for $10.

Laurel Tavern in Hermosa Beach will be airing the game on its TVs and large wall projector, the second largest screen in the South Bay!.

Lost at Sea in Old Town Pasadena will offer $2 beers on World Series game days to guests who post an Instagram photo wearing a Dodger hat.

DTLA’s Prank Bar will offer a Turner-Taylor Triple Header the bars rendition of the Dodger Dog for $15. The drink special is My Blue Heaven made with blanco tequila, butterfly pea flowers, agave, fresh lime and a touch of Himalayan sea salt for $7.

Article courtesy of We Like LA.

Posted on

Rodeo Realty's Beverly Hills agent Tam Nguyen featured in Top Agent Magazine

Rodeo Realty’s Beverly Hills agent, Tam Nguyen, is featured in the Los Angeles’ edition of Top Agent Magazine this month.

The magazine features the foremost real estate agents, mortgage professionals, and affiliates in the USA, Europe, Canada, Australia, and New Zealand. Top Agent Magazine features the top producing and most accomplished professionals in the real estate industry, offering an in-depth look at their careers and providing a blueprint for their success.

To be considered for a feature in Top Agent Magazine all professionals must go through a nomination and interview process. ALL Candidates are then evaluated based upon production, professionalism, as well as industry and community involvement.

“Tam Nguyen is a stellar example of the kind of prominent leaders of real estate we are proud to feature in Top Agent Magazine,” said the company.

Aside from the six page article, Tam is also on the cover of this month’s magazine.

“Of course, there are certain marketing procedures everyone has to do, but whatever I do has to come from me personally and authentically” said Tam in the feature. “It’s organic,  genuine and incorporate my philosophy of ‘Dream, Believe, SOLD’.”

To read the entire article on Tam, click HERE.

 

Posted on

Economic update for the week ending October 21, 2017

Stocks markets continue to rise – Indexes reach record highs for sixth straight week – U.S. stocks rose again this week, reaching record highs for the sixth week in a row. Market gains were attributed to additional third quarter company earnings that beat expectations. 20% of companies in the S&P 500, that have reported earnings for the third quarter, reported earnings growth of nearly 2%, and 76% of the companies have reported results above expectations. Disappointing earnings from GE, whose stock dropped sharply, were offset by across the board gains. Stocks also rallied after the Senate passed a 2018 budget resolution. We expect earnings to continue to rise at a solid pace through the remainder of the year. The Dow Jones Industrial Average ended the week at 23,328.63, up from 22,871.73 last week. It’s up 18% year-to-date. The S&P 500 closed the week at 2,575.21, up from its close last week of 2,563.17 The S&P is up 15% YTD. The NASDAQ closed the week at 6,629.05, up from its last week’s close of 6,605.80 It’s up 23.1% year-to-date. 

Bond yields higher this week – The 10-year Treasury bond closed the week at 2.39%, up from 2.28% last week. The 30-year treasury yield ended the week at 2.89%, up from 2.81% last week. Mortgage rates follow treasury bond yields so we watch bond yields carefully.

Mortgage Rates almost unchanged – The October 19, 2017 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 3.88%, down from 3.91% last week. The 15-year fixed was 3.19%, down from 3.21% last week. The 5-year ARM was 3.17%, down slightly from 3.16% last week. Rates rose late in the week so next week’s rates will be slightly higher. 

U.S. new housing starts drop 4.7% in September – Hurricane damaged region accounts for the drop – The Commerce Department reported that permits for new residential construction dropped 4.7% in September. Single-family housing starts dropped 4.6% from August. The September decline was attributed to hurricane damaged areas. Year-to-date housing starts are up 9.1% from the same period last year. Breaking out single-family housing, the hurricane damaged South posted a 15.3% decline in single-family housing starts in September. All other regions in the U.S. posted month-over-month gains in new single-family housing starts. Month-over-month housing starts are up 15.7% in the western region. Multi-family housing starts were down in almost every region. 

California existing home sales and prices continue to creep up in September – The California Association of Realtors reported that existing, single-family home sales totaled 436,920 in September on a seasonally adjusted annualized rate. That’s up 2.2 percent from August and 1.7 percent from last September. The statewide median home price was $555,410, down 1.8 percent from August and up 7.5 percent from September 2016. Statewide active listings continued to decline in September, dropping 11.2 percent from a year ago. The unsold inventory index in September represented a 3.2 month supply of homes for sale, down from a 3.5 month supply in September of 2017, yet up from 2.9 months in August. 

Have a great weekend!
Syd

Posted on

Rodeo Realty's Beverly Hills agent Antony Arkel sells listing to chart-topping developer, Gala Asher

Rodeo Realty’s Beverly Hills agent, Antony Arkel, has sold his Holmby Hills listing to chart-topping developer, Gala Asher.

The property sold for $4,000 over the asking price — $11,999,000, records show. The sale made headlines in the Los Angeles Times, The Real Deal, and will soon be featured in DIGS Magazine.

The 4,892-square-foot-home has four bedrooms and six bathrooms. Rooms look out onto a formal rose garden and manicured lawns with a path leading to the separate guesthouse and swimming pool.

Additional features to the home: a library/study, a family room with a wet bar, multiple fireplaces, antique chandeliers, and a three-car garage.

The media says Gala will likely redevelop the property. The Los Angeles-based developer made news last October when an estate he developed in Holmby Hills was sold for $100 million to billionaire and Detroit Pistons owner, Tom Gores. Gala had originally purchased the home for $13.25 million.

To read the entire LA Times article on this sale, click HERE.
The Real Deal, HERE.

Proudly powered by WordPress