Stocks up for the week – Stocks rallied on better than expected Chinese trade data which indicated that the China’s economy may not be hitting the “hard landing” investors has feared. At the same time U.S. manufacturing output unexpectedly dropped in March, as factory output dropped 0.3% in March. This held back the gains. The Dow Jones Industrial Average closed the week at 17,897.46, up from 17,576.96 last week. The S&P 500 closed the week at 2,080.73, up from 2,047.60 last week. The NASDAQ closed Friday at 4,938.72, up from 4,850.69 last week.
Bond yields lower for the week – The 10 year U.S. Treasury bond closed Friday yielding 1.76%, almost unchanged from 1.72% last week. The 30 year U.S. Treasury bond closed Friday yielding 2.56%, unchanged from 2.55% last week. Mortgage rates follow bond yields so we watch bonds carefully.
Mortgage rates remain near three year low -The Freddie Mac Primary Mortgage Survey released on April 7, 2016 showed that average mortgage rates from lenders surveyed for the most popular products were as follows: The 30 year fixed average rate was 3.58%. The 15 year fixed average rate was 2.86%. The 5/1 ARM average rate was 2.84%.
On Wednesday, The National Association of Hispanic Real Estate Professionals San Fernando held an event that featured women who are making a difference in the real estate industry.
One of the featured guest speakers was Desiree Zuckerman of Rodeo Realty. The Calabasas agent was one of four women chosen to speak at the event.
With more than 20 years in the real estate industry, NAHREP San Fernando believes Zuckerman is a great example of a woman who has worked endless hours and has never given up on her goals.
‘Empowering Women in Real Estate’ was held at the Sheraton Universal Studios. During the event, Zuckerman shared her stories and her journey as a real estate agent. According to the association, this event was put together to help others become the ‘empowered women they were destined to be.’
Below is a video of NAHREP San Fernando President Roy Cabrera speaking about the event and the guest speakers.
Farrah Abraham has officially moved to Los Angeles. Rodeo Realty’s Encino agent Amy Klein was the listing agent to the home. The Teen Mom OG star just bought an $845,000 townhouse in Hollywood Hills.
The 24-year-old told PEOPLE at the 2016 MTV Movie Awards on Saturday that she and her daughter Sophia were moving to Los Angeles Monday, something she had mentioned in the Teen Mom OG season finale.
The $845,000 Hollywood Hills townhouse has 4 bedrooms, 4 bathrooms, a den, a loft and a 3-car attached garage. The 2,707 sq. ft. home is part of a two-unit complex built in 2011. She will be located centrally to the studios and an easy hop to Hollywood, Universal Studios, West Hollywood, Beverly Hills, Burbank or Studio City— the center of LA entertainment universe.
Her new purchase has made news in the Los Angeles Times, TMZ and even British tabloid Daily Mail.com.
LA Times graphicAbraham was spotted in March looking at the property with an MTV camera crew and her off-again, on-again boyfriend Simon Saran. Star Magazine published the news March 2 and showed photos of the couple house hunting.
According to Klein—Saran, who is a licensed real estate agent, arranged for the original showing of the home and was always with Farrah anytime she visited the property.
Amy Klein of Rodeo Realty represented the seller. Abraham was represented by another realtor.
Rodeo Realty’s Beverly Hills agent Joe Babajian has sold a $1.55 million Hollywood Hills West bachelor pad to Australian drummer Chris Cester of rock band Jet.
The one-story house, built in 1951, belonged to guitarist and singer Benji Madden of the rock band Good Charlotte. Madden, 36, who married actress Cameron Diaz last year, bought the property more than three years ago for $1.124 million.
The recently purchased home made news on the Los Angeles Times, Yahoo News and Zillow.
According to the LA Times, Cester, 34, purchased the secluded bungalow for slightly above its $1.495 million asking price.
The 2,183 sq. ft. renovated home has an open floor plan that has an updated kitchen with a breakfast bar, a sitting room, three bedrooms and three bathrooms. Outside, a brick terrace, decks and patios surround the home.
Babajian represented the buyer. Madden was represented by another agent.
A recently sold property by Rodeo Realty agent Allyson Carter is catching some media attention. The real estate agent closed a deal on a legendary home. Both The Real Deal and the Los Angeles Times have featured her listing this week.
KABC’s news anchor David Ono made news of his own when he bought the $2,125,000 home that was listed by Carter. According to the LA Times,The property previously sold three years ago for $1.315 million.
LA Times graphic
The estate in Toluca Lake belonged to famous jazz trumpeter, Manny Klein, who played with notable 1930s big band leaders including Jimmy Dorsey, Tommy Dorsey and Benny Goodman. Klein appeared on countless number of recordings and also performed on Hollywood movie soundtracks, most notably “From Here to Eternity.”
Though Klein was not the only famous person to lounge in the estate. It’s rumored that Louis Armstrong and Frank Sinatra sipped cocktails at the bar in the main house and is where Bing Crosby arranged his famous rendition of “White Christmas.”
The gated mini-estate also belonged to American pop group Karmin. The recently married duo, Amy Heidemann and Nick Noonan, is known for their covers of popular songs such as “Super Bass” and “Party Rock Anthem.” The Noonan’s were the sellers to Ono’s newest home. Carter represented the couple in their recent sell.
Ono is now the owner of a 2,378 sq ft main house, an approximately 2,000 sq ft guesthouse, and a town with a bank, store and café façade complete with sidewalks and street lamps.
The all brick main house features 4 bedrooms, 3 newly remodeled baths and a charming vintage kitchen. The detached guesthouse sits on more than half an acre. The fully renovated two-story features a complete sound proofed state-of-the-art recording studio with Live/Control rooms. The 1-bed, 2-bath guesthouse has a full kitchen and its own address.
The Real Deal graphic
Outside, the facades enclose a secret garage, gym and storage room. The “make-believe setting”, as The Real Deal is calling it, goes out to a 40-foot swimming pool, a separate pool house with full bath and garden shed, a koi fishpond with waterfall, an outdoor BBQ and a dining area. The truly majestic home has a front circle driveway that accommodates 10 vehicles.
Ono is the co-anchor for ABC7 Eyewitness News at 4 p.m. and 6 p.m. He joined the news station in 1996. He has won three Edward R. Murrow awards and 16 Emmys. Ono was represented by another agent in his newest purchase.
Rodeo Realty agent Maggie Oreck has a listing that is featured in The Hollywood Reporter this week. The Studio City agent is representing Salsa King Marc Anthony, who has put his Tarzana home back on the market.
The seven- time Grammy and Latin Grammy winner has listed the 6,500 sq ft property for slightly more than he paid — $4,150,000.
The Hollywood Reporter graphic
Anthony and his wife, Venezuelan model Shannon de Lima, purchased the newly constructed home in 2014. The New England Traditional style comes with five bedrooms, 6.5 bathrooms and an oversized four-car garage. Wide panel mahogany wood floors run throughout the entire two-story home. Detailed wainscoting and coffered ceilings are just a few samples of the finest materials used in the exquisite craftsmanship.
On the first floor you’ll find a combined living and dining area, a den/office and two family rooms. One of the family rooms opens to an all-white gourmet kitchen which includes double Wolf ranges, Subzero fridge/freezer, two center islands, Calacatta marble, honed granite counters and an exquisite herringbone design stone back splash.
Upstairs there’s four en suite bedrooms joined by a magnificent master bedroom with a private terrace and an expansive closet featuring delicate glass vitrines.
A sun-drenched back yard provides a great environment for relaxing and entertaining with a swimmers pool, spa, fire pit and bar with a built-in grill and outdoor fridge.
To read The Hollywood Reporter article, click HERE
