Archive for February, 2011

Why 2011 May Be The END Of The Housing CRASH

Monday, February 28th, 2011

By SIMON CONSTABLE There might finally be some good news this year about the nation’s dismal housing market. Or, at least, the bad news could stop. Either way, it will be welcome relief for current homeowners as well as for potential real-estate investors. Reasons to be optimistic have been sadly lacking since the housing bubble […]

Real Estate 101: What New Homebuyers Need To Know

Sunday, February 27th, 2011

[affordability] So you’ve decided to buy a house, but you’re not sure if your finances are quite up to speed. Even if you hope to buy six months from now, there are numerous improvements and adjustments to be made in the interim, prior to taking on a mortgage. First-time home buying is well documented as […]

L.A.’s Newest Luxury Properties Struggle Through A Lethargic Market

Sunday, February 27th, 2011

By Daniel Miller Prices on various high-end condos — some running as high as $10 million or more — have been slashed by as much as 30 percent. The following story appears in the current issue of The Hollywood Reporter on newsstands now. From private elevator vestibules and personal wine cellars to a fitness center […]

Britney Spears drops $18.9M on “Enchanting” Los Angeles Mansion

Thursday, February 17th, 2011

Pop star Britney Spears has reportedly just dropped $18.9 million on an estate in the Hidden Hills area of Los Angeles. The 29-year-old “Hold It Against Me” singer is trading her comparatively modest $8.9 million pad a few miles away for this new 20,000-square-foot behemoth, reports the Real Estalker. It’s a Tudor-style monster, with 10 […]

NFL Football Stadium in Los Angeles?

Tuesday, February 15th, 2011

Developer John Semcken Gives His Pitch to Sierra Madre Rotary Semcken Tantalizes Sierra Madre Rotarians with visions of new football stadium and NFL team in the City of Industry. By Chris Bertrand John Semcken III comes to the table with enough stars and stripes on his real estate developer’s “uniform” to outrank a four star […]

Luxury home sales jump 21% in California

Monday, February 14th, 2011

In California, sales of luxury homes rise for the first time in five years even as overall home sales decline. The 48,000-square-foot Le Belvedere in Bel-Air sold for $50 million to $72 million. (February 12, 2011) By Lauren Beale, Los Angeles TimesFebruary 12, 2011 Even the rich love a deal. California homes priced at $1 […]

Fannie, Freddie plan targets jumbo limits

Friday, February 11th, 2011

Fannie, Freddie plan targets jumbo limits.Ceiling in high-cost markets would be cut to $625,000 this year.
A plan unveiled by the Obama administration today to wind down Fannie Mae and Freddie Mac could take years to implement, but at least one aspect would kick in this year: lowering the ceiling on the jumbo conforming loan limit in high-cost markets from $729,750 to $625,500.