Soaring Home Prices Not A ‘Bubble’: Realtors
From CNBC.com The median price of a home sold in May of this year was $228,700, according to the National Association of Realtors (NAR). That was just off the highest monthly median home price ever of $230,400 in July 2006, at the peak of the last housing boom. Read...
Launching #NewListingMonday! New Listings in Santa Monica and Beverly Hills
This Monday marks the launch of a new segment here at Connie's office: New Listing Monday! Every week, we will post an update on the newest and hottest properties in 90210 and 90402. Participate: See a hot new listing in Los Angeles? Play along by posting on Twitter...
Beck is on the move!
In April, we reported on thepurchase of a fixer-upper in Santa Monica'sNorth of Montana neighborhood by musician/iconoclast Beck. It looks like he's on the move again! The propertysold on February 18, 2015 (Connie's birthday!) for $2,711,000, and was re-listed this...
Record $500 Million Tag on L.A. Home
From Bloomberg.com One of the biggest homes in U.S. history is rising on a Los Angeles hilltop, and the developer hopes to sell it for a record $500 million. Nile Niami, a film producer and speculative residential developer, is pouring concrete in L.A.'s Bel Air...
Week in Review: Top Residential Sale is an $18.5 Million Bel Air Estate
From the L.A. Times The onetime Santa Monica home of screenwriter Larry Levin as well as a Bel-Air estate with two swimming pools were among the top residential real estate sales in the greater Los Angeles area last week. $18.5 million – Bel-Air Beauty or a beast? A...
RealtyTrac: Mortgage lending rose 17% in first quarter
From HousingWire.com Thanks in large part to the continually low interest rate, mortgage originations rose 17% year-over-year in the first quarter, according to a new report from RealtyTrac. RealtyTrac's Q1 2015 U.S. Residential Loan Origination Report showed that...