Lack of inventory and higher home prices are expected to bring home sales down slightly in 2022 but nonetheless sales will post the second highest level in the past five years. That’s the forecast from the California Association of Realtors. The median price of a home in California is forecast to rise 5.2 percent to …
New Home Sales Rose In August, Prices Up 20% Over 2020
Sales of new single-family homes rose 1.5% last month to a seasonally adjusted annual rate of 740,000, according to the U.S. Census Bureau and Department of Housing and Urban Development. The rate was 24.3% below the August 2020 reading of 977,000. Analysts were anticipating 714,000 new homes sold, higher than July’s upwardly revised rate of 729,000. …
Going, Going, Gone…Into Default
In an era when we have become accustomed to seeing the price of housing escalate, this Bel Air property is in a class by itself. The Los Angeles mega mansion, billed as “the most expensive home in the urban world” by its developer, has gone into receivership after the owner defaulted on more than $165 …
We Will Never Forget
We’re Still Standingby Hannah Schoechert, 7th-grade student Those twin towersStanding tall with pride,Fell with grieving hearts.Stunned, America cried. But we’re still standing. Bin Laden triedTo crush our land,But we stood our groundWith our flag in hand. And we’re still standing. Red for valorAnd the blood that fell.White for purityOur heroes tell.Blue for the justiceThat will …
Price It Right!
Even in today’s red-hot seller’s market, it’s important to price your house right when selling. It may be tempting to price your house on the high side, but doing so could limit your house’s potential. And, if it doesn’t sell in three weeks or so, you would need to look at a price reduction.
Happy Labor Day!
Wishing you and your family a safe and happy Labor Day.
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