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Although the housing market has seen its worse decline in many years. Owning a condo as an investment property has proven to be very successful in areas such as Beverly Hills, Century City & West Hollywood. Here are a few examples:
In West Hollywood, a 1 bedroom at the Park Wellington, that would have sold for the mid 500k's at the height of the market was … [Read More]
Economists predict a steady housing recovery through 2016. A quarterly survey of more than 100 economists shows growing optimism for the real estate market when it comes to housing prices. The majority of the economists surveyed say they expect home prices to steadily increase for the next four years.
The economists surveyed expect home prices to ris … [Read More]
Although, we love Zillow for many of its useful informative features, there is something to consider about their valuations. For major metro areas, with many neighborhoods within another "like Los Angeles", they are unable to truly grasp the real values neighborhood by neighborhood, street by street, and most often affected substantially, condo buildings. Zillow est … [Read More]
Gloria Shulman has been a true asset in guiding our buyers in transactions ranging from 1st time home ownership, to major investments. Her experience is second to none. We rely heavily on her expertise to get the deal done!
During her thirty years as a mortgage broker in California and throughout the United States, Gloria Shulman has come to be regarded as THE … [Read More]
Recent statistics show, buying a home in Los Angeles is about 30% less expensive than renting. According to Trulia; "Home prices have started to rebound and have risen by 2.3% year over year in August (3.8% excluding foreclosures); however, rents have risen more (4.7%). This means that prices are lower relative to rents than they were a year ago. But more importantly, mort … [Read More]
The nation's five largest banks are off to a good start on their promise to help ease the foreclosure crisis, providing nearly 140,000 struggling homeowners with a total of $10.6 billion in mortgage debt relief, according to a government report.
Housing and Urban Development Secretary Shaun Donovan said; "We will continue holding the banks' feet to the fire in the mon … [Read More]
The Century Plaza Hotel site has just been approved by the city panning commission for an overhaul. The Developer, Next Century, originally planned to demolish the 1966 Century Plaza, which was designed by World Trade Center architect Minoru Yamasaki, and replace it with two condo - office towers. But preservationists rallied and Next Century eventually settled on a renovati … [Read More]
