Rodeo Realty Day at The Races 2018

Rodeo Realty once again held it’s annual Day at the Races on October 18, 2018.

Rodeo Realty Day at The Races

The event took place at  Santa Anita Park-Horse Track and brought out a slew of Rodeo’s top-producing agents and team members from each of the company’s office locations. Guest were treated to a day full of food, drinks, and sportsman like fun.

 

Rodeo Realty Day at The Races

To view images from the event click here.

Weekend Events: Oct. 19th-21st

Dear Evan Hansen at The Ahmanson Theatre

With all the hustle and bustle of our weekday routine we bring you a curated list of the weekends top activities happening throughout the city of stars.

The pumpkins are lined by the walkway with care in hopes that Jack Skellington will..sorry wrong holiday.  It’s 2 weeks until Halloween. By now you should have figured out your costume and party plans. The last worry you should have is scouring event pages for the best things to do in the weekends leading up. Well, we thought so too and rounded up another segment of this weekends top activities. So no fret, read below and….

Discover your inner Angeleno!

Limited engagements taking place this Oct. 19th-21st.

FRIDAY OCT. 19TH

Notorious RBG: The Life and Times of Ruth Baader Ginsburg

Notorious RBG: The Life and Times of Ruth Bader Ginsburg

Location: Skirball Cultural Center

Regardless of what side of the aisle your on, we can all mostly agree that RBG(Ruth Bader Ginsburg if your not for the slang) is a political Icon. And as such many works have been created in her likeness. Starting this Friday through Nov. 18th,  your invited to explore an original exhibition based on the book of the same title while viewing a range of contemporary art, archives, and more at the Skirball Cultural Center. Each gallery section will also feature a song by another cultural icon–the Notorious BIG showcasing a playful similarity between the two. For more information on the exhibit click here.

Dear Evan Hansen

Dear Evan Hansen at The Ahmanson Theatre
Dear Evan Hansen at The Ahmanson Theatre

Location: Ahmanson Theatre, DTLA

The Broadway show everyone’s been talking about finally debuts in L.A. at the Ahmanson Theatre! In this captivating original musical, high school student Evan Hansen is thrust into social relevance after a classmate’s suicide. Benj Pasek and Justin all’s score combine well-crafted lyrics and an exciting pop sound, and Steven Levenson’s book gives all the characters shaded motives.

More info

“Photo Ark”

“Photo Ark”

Location: Annenberg Space for Photography, Century City

Seasoned photographer and author Joel Sartore has contributed to National Geographic magazine for over two decades. Now, Angelenos will have a chance to see a glimpse of his stunning photos of some of the world’s most threatened species with this selection of 100 large-format prints. Sartore’s Photo Ark project has brought him to over 40 countries to capture portraits of 8,000 species in his quest to catalog all of the world’s animals before they disappear. For more information click here.

SATURDAY OCT. 20TH

Harry Potter-Inspired HIGH TEA

HiSocieTea Presents Harry Potter High Tea

Location: HiSocieTea @ The W Hollywood

Suitable for Wizards and Muggles of all ages, the W Hollywood is hosting a HP Inspired High Tea this month only. With three seatings to chose from (12pm, 3pm, and 6pm), be treated with three tiers of Great Hall favorites. Sip on Liquid Luck(for adults) or Triwizard Tea for the wee ones while you enjoy Rock Cakes and themed sweets. Guest are encouraged to dress in their best magical or house pride attire. For adult libations it is $75 pp and $60 pp without. Send your owl to RSVP or click here for more info.

Oktoberfest at Pershing Square

Oktoberfest at Pershing Square

Location: Pershing Square

Don’t miss the 3rd annual Oktoberfest at Pershing Square. Taking place Oct 20-21st, the two event will feature local and Californian brews along with authentic German Ales for tasting and purchase. Of course traditional sausages, pretzels, and more tasty best will be onsite to cater the experience along with live music. General Admission is FREE, with pre-purchase and VIP tickets available here.

Front Porch Cinema Presents: The Addams Family 

The Addams Family @ Front Porch Cinema
The Addams Family @ Front Porch Cinema

Location: Santa Monica Pier, Santa Monica

They’re creepy and they’re kooky, Mysterious and spooky, They’re altogether ooky, The Addams Family! Now that that’s stuck in your head make your way to the Santa Monica Pier enjoy this film classic under the stars and with the ocean as a backdrop. The event will allow guests to relax on the Pier, with access to all the fun amenities.  This is including rides, games, food and more! So grab put on your best Wednesday or Cousin It attire and head to the pier for the ultimate movie night. Just don’t invite Debbie! Click here for more info!

SUNDAY OCT. 21ST

LA CANCER CHALLENGE 5K WALK/RUN

LACC Annual 5K

Location: UCLA

October 21, 2018 marks the 21st Annual LA Cancer Challenge 5K Walk/Run, the signature fundraising event of the Hirshberg Foundation for Pancreatic Cancer Research. Held on the beautiful campus of UCLA where much of the foundation’s research is conducted, So Cal’s best Halloween-themed fitness event includes a Fit Family Expo with food & beverage booths, activity tents, a stage with a huge video screen, a Candyland Kids Zone and more.  General registration includes a chip-timed event, commemorative t-shirt and custom runner’s bib. For more information and to register click here.

The Beverly Hills Art Show

BH Art Show

Location: Beverly Gardens Park

On the final day of the semi-annual BH Art Show, enjoy 4 block of art by over 245 artists from around the nation. The FREE showcase features work in painting, sculpture, watercolor, photography, mixed media, ceramics, jewelry, drawing and printmaking. It doesn’t hurt that the event also features a Beer & Wine Garden along with Top Choice food trucks. Skip the usual Sunday brunch and culture yourself in the 90210! Saturday and Sunday from 10am-5pm. Click here for more info.

 

What Happened When

What Happened When Presented by the Echo Theatre Co.
What Happened When Presented by the Echo Theatre Co.

Location: Atwater Village

It was a dark and stormy night for three siblings—and for audience members gathered around them. Written by Rattlestick Playwright Theater’s Daniel Talbott, this peace is described as part ghost story, part memory play. For more information click here.

 

 

 

 

 

 

Rodeo Realtys John Galich listing feat. in LA Times

Rodeo Realty agent John Galich was recently featured in the LA Times for his studio city listing.

LA Times: Home of the Week

Making the Hot Property list Home the Week, the Studio City estate is the epitome of luxe modern living inside with the beauty of traditional home features outside.

3274 Coldwater Canyon Ave. Studio City, CA

Sitting amidst a forest of tres and lush landscaping the stunning 3274 Coldwater Canyon is located in the foothills of Studio City.  Enter through a long gated driveway to more than an acre of lush grounds, pool, and breathtaking views.

3274 Coldwater Canyon Ave. Studio City, CA
3274 Coldwater Canyon Ave. Studio City, CA

The home opens from an  massive motor court, portecohere & collector 4-car garage. Inside the recent renovation has provided a sophisticated interior featuring cross-trussed beams and a wide open floor plan. The Poggenppohl kitchen and dining room are unparalleled with beautiful wood inlays, push button cabinets & Miele appliances.

3274 Coldwater Canyon Ave. Studio City, CA
3274 Coldwater Canyon Ave. Studio City, CA

The master features a sitting area, two walk-in closets and two luxurious baths with a steam shower that looks out to the city lights through a wall of glass. This grand residence also includes a state of the art media  room with fireplace, 2 en-suite bathrooms, office & wine cellar.

3274 Coldwater Canyon Ave. Studio City, CA

Heading back outdoors tucked amongst the rolling lawns and majestic oaks is a custom Airstream guest house with ultra-chic interior and a treehouse brimming with true magic.

3274 Coldwater Canyon Ave. Studio City, CA

All this completed by full home automation, dramatic outdoor lighting, and a security camera system.

Built in 1941, this listing is 3,767 square feet with three bedrooms and 3.75 bathrooms.

LOCATION: 3274 Coldwater Canyon Ave. , Studio City, 91604

Listed at $4.395 million

View this and John Galich’s other current listings by clicking here.

Treat yourself: Top 5 Spas in and around L.A.

You’ve worked hard, whether your on the 9-to-5 or somewhere in between, pampering is more a necessity then a treat. With the year winding down and the workload ramping back up, we decided to round together the top 5 places to treat yourself this fall. Whether your needing a rejuvenation or relaxation, the spas below are sure to help in achieving the most zen like state.

THE RITZ-CARLTON SPA, LOS ANGELES

The Ritz Carlton Spa

Downtown Los Angeles get its on own oasis of calm at this 8,000 square foot luxury spa. There are nine treatment rooms and a luxe couple’s suite, relaxation spaces and aromatherapy rooms with private plunge showers. Neutral tones accented by gold and silver embody the classic Hollywood theme. This spa sparkles, and so will your body. Take the Champagne and Shimmer Body Treatment, which begins with with an organic scrub made from the seeds of champagne grapes, followed by an application of 24- karat gold shimmering powder.

Click here for more info.

TOMOKO JAPENESE SPA

Tomoko Japanese Spa

There are some spa experiences so unforgettable, it’s hard to imagine having a better experience elsewhere. Tomoko Japanese Spa in Beverly Hills is one of those places. Founded on the principles of Japanese healing and renewal of the spirit, Tomoko offers treatments that aim to not only release tension, but renew the body with “khi” (energy). Couple treatments include sushi from Sugar Fish, a well-loved restaurant chain in Los Angeles. After treatments, guests can retreat to the main room to enjoy tea and mochi.

Click here for more information.

LARCHMONT SANCTUARY SPA

Larchmont Spa and Sanctuary

Though not as showy as its counterparts, Larchmont Sanctuary and Spa is just as special, with treatments to match. Located in a 90-year-old building under a beautiful tree, the spa feels like a cabin retreat in the heart of the city. Eight treatment rooms (2 outdoor) offer guests an opportunity to experience truly impressive pampering with all organic products. Wood tones and vibrant orange color accent the property, giving its outdoor spaces the feel of a chic cabana on the beach.

Click here for more information.

CIEL SPA at SLS Beverly Hills

Ciel Spa

From its plush white furniture to minimalist yet welcoming decor, visitors are whisked away at Ciel Spa by Pearl Wellness in the SLS Hotel. Located on one of Los Angeles’ busiest streets, the 5,000 square foot getaway provides ample opportunity to forget city life. The signature Ciel massage is otherworldly, and you can be assured that every tense spot will not stand a chance.

The Spa by Joanna Vargas at The Sunset Tower Hotel

Joanna Vargas Spa

The Spa by Joanna Vargas at Sunset Tower hotel is 2,025 square feet with six treatment rooms and five aestheticians, led by Vargas veteran Asia Vereline. Along with a celebrity clientele that counts the likes of Elizabeth Moss, Jake Gyllenhaal, and Naomi Watts as patrons, the services offered reach new heights of luxury skincare. On the menu are LED light therapy sessions, which are said to boost collagen production and promote healing; eight types of facials that use tech gadgets; green tea-spiked oxygen; and body treatments, including microdermabrasion, sunless tanning, cellulite-targeting radio frequency and L.A.-exclusive scrubs, wraps and bath soaks; as well as massages.

Click here for more information.

Top 10 Best Places to Hike in L.A.

It’s a known fact. In L.A. we don’t really walk anywhere, its just not part of our daily routine. From scooters, to bikes, and ride share of course, why walk when these things get you there faster? What do we know how to do in L.A.?

We hike. It’s our 2nd form of exercise outside our Equinox membership. If you haven’t been to Runyon Canyon for a cardio session up the hill, are you really and Angeleno? That being said we’ve rounded up the best places to hike in L.A. courtesy of Conde Nast. Enjoy the fall weather and spend a little time in your best athleisure attire.

Runyon Canyon Park

Top of the list is everyone’s favorite stop Runyon Canyon. This mountain trail (the highest point in L.A. County) is perfect for the SoCal hiker who wants to challenge themselves.

Los Angeles L.A. Hike Matador
El Matador State Beach-Getty Image

El Matador State Beach

Tree People-Coldwater Canyon Park
Tree People-Coldwater Canyon Park

TreePeople

A lesser-known alternative to the popular Runyon Canyon trail, this easy walk has gorgeous views of the Valley—and you might just spot a celeb or two en route.

The Huntington
The Huntington

Weekend Events: Oct. 12th-14th

Boo At The Zoo

We know what your thinking…more fall weekend activities in L.A.! Well if you weren’t thinking that, you are now(your welcome) and you can still read ahead because we’ve rounded up the next haul of weekend activities taking place in and around L.A. So grab your broomsticks and join us for this weekends tricks and treats throughout your neck of the woods!

With all the hustle and bustle of our weekday routine we bring you a curated list of the weekends top activities happening throughout the city of stars.

Discover your inner Angeleno!

Limited engagements taking place this Oct. 12th-14th feature Pumpkin Nights Pomona to Cheat Day in DTLA! Read below for a breakdown of the weekend events.

 

friday oct. 12th

American Contemporary Ballet Presents Halloween Hellraiser

American Contemporary Ballet
American Contemporary Ballet

Location: DTLA

The American American Contemporary Ballet invites you to their Halloween “Hellraiser” this weekend. This one night only event includes the world premiere of Burlesque and the opening night of Inferno. You will meet the composer Charles Wuorinen (one of the most eminent in the world), hear from ACB’s Artistic Director Lincoln Jones about his vision for the future of ballet, and have an opportunity to support one of the most cutting-edge performing arts companies working today. The evening will also include a reception where a selection of fine foods, wine, and other surprises will be available to indulge in. For ticket prices and more information click here.

*A portion of your ticket purchase is tax deductible.

Music @ Lacma

Jazz at LACMA
Jazz at LACMA

Location: LACMA, Los Angeles

Spend your evening beneath the stars and amongst the art of the Los Angeles Contemporary Museum. The LACMA Jazz series is free to the public and takes place in the museum’s Smidt Welcome Plaza. Arrive early to claim your seats and enjoy a selection of gourmet food and wine from Ray’s special Jazz night menu. This weekend’s concert features famed pianist and composer Josh Nelson. Nelson has performed and toured with some of the leading names in jazz. For more information click here. 

San Fernando Valley Halloween Drive-In Nights

San Fernando Valley Halloween Drive-In Nights
San Fernando Valley Halloween Drive-In Nights

Location: Lake Balboa Complex

“It’s just a little Hocus Pocus”

Don’t miss this weekends showing of the cult classic family favorite(so many adjectives!) Halloween film Hocus Pocus.  The event is being hosted by San Fernando Valley’s Halloween Drive-In Night where patrons cruise in for a truly authentic retro-style movie experience. The night will be a double-feature screening of Hocus Pocus and Christine. Guest have the option to purchase tickets for one or both films. Additionally, a variety of food trucks and family-friendly pre-show entertainment will also be provided. To join the Sanderson sisters and find out more information click here. 

Saturday oCT. 13TH

Comedy Comedy Festival 

The Comedy Comedy Festival
The Comedy Comedy Festival

Location: DTLA

For a weekend of laughs and fun performances, join Disoriented Comedy and the JACCC for their 4th annual comedy festival. Indulge your funny bone with over 100 performers and famed comedians like “Adam Ruins Everything”‘s Adam Conover, Danny Pudi and Mary Sohn. Pop in for afternoon humor or enjoy the evening line up at this 3-day fest. The Comedy Comedy Festival is sponsored by the Japanese American Cultural and Community Center, CBS Diversity Program and NBC Universal T.I.P. For more information and to purchase tickets click here.

Pumpkin Nights Pomona

Pumpkin Nights Pomona
Pumpkin Nights Pomona

Location: 1101 W. McKinley Avenue, Pomona

Take part in this year’s Pumpkin Nights, an interactive experience inviting guests to explore eight different eight themed pumpkin-lands crafted with over 3,000 pumpkins! Demonstrations by professional pumpkin artists, pumpkin fire shows, pumpkin magic shows, and plenty of other pumpkin-themed activities and offerings will take place throughout the special 23 day event. Non-pumpkin offerings will be available as well, including a scavenger hunt, screening of Pixar’s Coco, food trucks, and plenty more for the whole family. For more information click here.

UMPO presents Bridesmaids @ The Rockwell

The Unauthorized Musical Parody of Bridesmaids at The Rockwell
The Unauthorized Musical Parody of Bridesmaids at The Rockwell

Location: The Rockwell Table and Stage, Los Feliz

For an evening of music, laughs, and scrumptious eats UMPO’s production of Bridesmaids is the trifecta. Based off of the 2011 box office hit film, this musical parody put on at East L.A.’s Rockwell Table & Stage is theatrical magic. Most noteworthy is the venue which is styled as a cabaret with entertainment all around you. Tickets do require a (2) food/drink minimum and the menu never disappoints. Keep an eye out in the crowd as well, as the Rockwell is known to have its celebrity neighbor patrons stop by. For more information click here.

sunday oct. 14th

Boo @ the Zoo

Boo At The Zoo
Boo At The Zoo

Location: Griffith Park

Join the L.A. Zoo for their spooktacular day’s of fun during the month of october. Weekend events include the Swazzle’s Monster Menagerie Puppet Show, “Spooktacular Science” Show, Masterpiece Pumpkins with Gene Granata, Crocodilian Craft, and the Fearsome Feedings & Creature Treats. It’s perfect outing for the whole family! The L.A. Zoo will also be featuring their Spooky Stroll where you’ll find Halloween games, a mini-pumpkin patch, and “boo-tiful” photo ops. Therefor, all ghouls and goblins are encouraged to wear costumes! For more information on the fun filled activities click here.

Cheat Day Land-DTLA

Cheat Day Land
Cheat Day Land

Location: DTLA

Is there a better way to spend your Sunday then as your “Cheat Day”? The story of Cheat Day Land is one of family and passion. An experience in which the celebration of family, food, and fun ooze out of every room you will experience. Similar to last summer’s hit the Ice Cream Museum and other recent Pop-Up photo perfect experiences-Cheat Day Land welcomes you with open arms… because you deserve it! For more information click here.

Night of Jack

Night of Jack
Night of Jack

Location: 26800 Mulholland Hwy, Calabasas

The perfect evening for those wanting a dose of Halloween fun without all the frights. A Night of Jack, invites guest of all ages to meander through Calabasas’ King Gillette Ranch, where thousands of pumpkins will be elaborately displayed. Along with the festive art will be carving demonstrations, a gift shop, and the Fear Garden Bar for drinks and food to satisfy the living and undead.

More info

Rodeo Realty Agents Honor Client Jeff Apoloff at Autism Speaks “Into the Blue” Gala 2018

Autism Speaks "Into the Blue" 2018 Gala-The Beverly Hills Hotel

“The Real Estate Guys” step out to show support for client and friend Jeff Apoloff at gala benefiting Autism Research and Awareness.

(from left) Rodeo Realty agents Ken Marker, Corey Brown, and Ed Dolce at the 2018 Autism Speaks "Into the Blue" Gala-The Beverly Hills Hotel
(from left) Rodeo Realty agents Ken Marker, Corey Brown, and Ed Dolce at the 2018 Autism Speaks “Into the Blue” Gala-The Beverly Hills Hotel

BEVERLY HILLS, Calif. (October 10, 2018)-The Real Estate Guys are taking time to give back. This was showcased last week when Rodeo Realty’s Ken Marker, Corey Brown and Ed Dolce attended Autism Speaks Into the Blue Gala in support of client and friend Jeff Apoloff.

Apoloff, an Executive Producer for Apoloff Entertainment, Inc. and creator of  Fox’s “Beat Shazam” was this years Honoree of the annual philanthropic gala.

Held on October 4, 2018 at the iconic Beverly Hills Hotel, Jeff received the distinguished Honoree of the Year Award, for his dedication and service to the incredible cause that helps those affected by Autism.

Hosted by Corinne Foxx, attendees of the “Into The Blue” gala helped to raise thousands of dollars for Autism Speaks. Pink, Carey Hart, and Anna Lynn McCord were among some of the special guest in attendance along with a slew of other celebrities and philanthropists.

Past celebrity participants have been Freddie HighmoreSarah McLachlanConan O’BrienDiane KrugerMolly SimsRaphael Saadiq, JK Simmons, Rick SpringfieldKevin FrazierNikki ReedMaria Menounos and Cirque de Soleil, among others.

One of the event highlights included a special performance by the Foo Fighter’s David Grohl. The Grammy Winning artist stepped in as the featured performer for the evening when it’s original musical guest Jaime Foxx had to bow out due to scheduling conflicts. This was not the first time that Grohl lended his musical talents to Autism Speaks. In 2013 he headlined the non-profit groups Blue Jean Ball and has been a longtime supporter of the organization.

The evening also featured music by DJ Irie, a live performance by the glow-in-the-dark dance sensation iLuminate, an exciting dinner program and an exclusive celebrity fashion experience.

The event received sponsorship from  NBC, WME, Netflix and Variety among other known brands and industry leaders.

“Into the Blue” raises funds to support the mission of Autism Speaks. The event draws in over 250-300 attendees each year from across the entertainment, corporate and legal industries. 

Into the Blue Gala is one of the many ways in which Autism Speaks raises awareness. Throughout the year the non-profit organization host and participate in events that shed a blue light on their important cause.

“Together, there’s no limit to what we can do. With every step you take and every dollar you raise, you help enhance lives today and accelerate a spectrum of solutions for tomorrow.”
About Autism:

Autism affects an estimated 1 in 59 children. Autism spectrum disorder (“ASD”) refers to a broad range of conditions characterized by challenges with social skills, repetitive behaviors, speech and nonverbal communication. We now know that there is not one autism but many subtypes, and each person with autism can have unique strengths and challenges. A combination of genetic and environmental factors influence the development of autism, and autism often is accompanied by medical issues such as GI disorders, seizures and sleep disturbances.

About Autism Speaks:

Autism Speaks was founded in February 2005 by Bob and Suzanne Wright, grandparents of a child with autism. Recognizing the need for a powerful voice Bernie Marcus donated $25 million to help financially launch the organization. Autism Speaks is dedicated to promoting solutions, across the spectrum and throughout the life span, for the needs of individuals with autism and their families. They do this through advocacy and support; increasing understanding and acceptance of people with autism spectrum disorder; and advancing research into causes and better interventions for autism spectrum disorder and related conditions. Since 2012, Autism Speaks has provided more than 18 million people with programs and resources such as the Autism Treatment Network, which includes Children’s Hospital of Los Angeles and the Center for Autism and Neurodevelopment Disorders at UC Irvine. Autism Speaks also provides free tool kits to help manage a wide range of challenges, at every stage of life.

For additional information, visit www.AutismSpeaks.org.

For media inquiries related to Autism Speaks and its affiliates please contact:

Elizabeth Roland
elizabeth.roland@autismspeaks.org
(323) 297-4730


For media inquiries regarding Rodeo Realty, please contact:

Samira Murphy

Public Relations-Rodeo Realty

(310)471-2600 ext. 145

mediarelations@rodeore.com

Economic update for the month ending September 30, 2018

Economic update for the month ending September 30, 2018

U.S. Economy adds 134,000 new jobs in September – Unemployment rate dropped to the lowest level since 1969:

U.S. Department of Labor
U.S. Department of Labor

The Department of Labor Statistics reported that U. S. employers added 134,000 new jobs in September. That was below the 185,000 that analysts had estimated, yet even though job creation fell to its lowest level in a year the unemployment rate dropped to its lowest level in 49 years. The national unemployment rate in September was 3.7%, down from 3.9% in August. Average hourly wages rose 2.8% year over year from last September. That was slightly lower than last month when average hourly wages increased 2.9% from last August.

California employers add 44,800 new jobs in August:

The California Employment Development Department reported that 44,800 new jobs were added in August. The unemployment rate held steady at a record low of 4.2%, down from 4.6% last August. Average hourly wages  grew 3.1% year over year, their largest year over year increase since last October. Los Angeles and Orange County average hourly earnings grew 5.4% from last August. 

 Stock Market Update:

NYSE-NEW YORK, NY

The Dow Jones Industrial Average closed the month at 26,458.31, down from 25,964.62 last month. It is up 7% year to date. The S&P 500 closed the month at 2,913.98, down from 2,901.52 on August 31 It’s up 9% year to date. The NASDAQ closed the month at 8,046.35, down from 8,109.54 last month. It’s up 16% year to date.

Treasury Bond Yields rise: 

The 10-year treasury bond closed the month yielding 3.05%, up from 2.86% on August 31, 2018. The 30-year treasury bond yield ended the month at 3.19%, up from 3.02% at the end of August.

Mortgage rates higher in September: 

The September 27, 2018 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.72%, up from 4.52% on August 30, 2018. The 15-year fixed was 4.16%, up  from 3.97% in August 30. The 5-year ARM was 3.97%, up from 3.85% last month.

Consumer Confidence at highest level hits 18 year high in September:

The U.S. Consumer Confidence Index hit its highest level since 2000 this week according to data from the Conference Board’s September survey.

New home sales rebound in August:

The Commerce Department reported that sales of new homes increased 3.6% in August from July on a seasonally adjusted annualized rate. Year over year the number of new homes sold in August increased 12.7% from August 2017. The median price paid for a new home increased 1.9% from one year ago.

California existing home sales numbers drop in August – Prices continue to rise:

The California Association of Realtors reported this week that the number of existing home sales dropped in August to a seasonally adjusted annualized rate of 399,600. It was the fourth straight month of sales declines and the first time in over two years that the number of existing home sales dropped below the benchmark 400,000 level. The median price of a home in California rose to $596,410, up 6.6% from August 2017. On a regional basis the Los Angeles County median price rose 6.4%, Orange County rose 6,3%, and Ventura County rose 3.1% from last August. Housing inventory levels rose 17.2% from one year ago, the fifth straight month of housing supply increases. The unsold inventory index in August was a 3.3 month supply of homes listed for sale, up from 2.9 months in August 2017.

U.S. existing home sales:

The National Association of Realtors reported that total existing home sales equaled 5.34 million on a seasonally annualized rate, down 1.5% from August 2017. The nation wide median price grew 4.6% in August compared to one year ago marking the 78th straight month of year over year increases in the median price. Total housing inventory also increased. There was a 4.3 month supply of active listings in August, up from a 4.1 month supply in August 2017.

Have a great week!

-Syd