When the economy changes, naturally the value of real estate is affected. But how is it affected and how quickly does the change register? By all measures the national economy is improving. Consumers are… Read More
The latest Case-Shiller Home Indices came out yesterday and there were few surprises. Price appreciation declined in almost every market, a fact that suggests that home values are stabilizing. This should come as no surprise since… Read More
OK, so maybe a Big Day for the Conejo is a bit of an exaggeration. Still, it’s worth noting that today our total number of units stands at 497. The reason this is significant, is… Read More
When the real estate market was at its lowest point, prices had to by definition do what? Either stay flat or rise. After all we’re talking about the lowest point. For argument sake, let’s say… Read More
I know, I know, I’m pounding the inventory drum to death. I guess I just can’t help it; it’s just so painfully obvious. Do you remember the Hans Christian Andersen story of the emperor who… Read More
I heard some guy, some housing analyst on CNBC yesterday, tell viewers that homes were more affordable in 2003 than they are today due to the fact that people had better access to adjustable mortgages… Read More
The real estate market is changing again. Of course it’s never static. Even when it was in free fall, it was moving, just in the wrong direction. After what has been an unprecedented run… Read More
Last night I put on the original Great Gatsby with Robert Redford. It’s not a particularly good movie really. I guess it’s just a story that doesn’t translate from the page to the screen. What… Read More
Great news for property owners: Case-Shiller, S & P’s housing index, shows home values are up across the nation. Prices in some areas like Los Angeles Metro, are up for the 15th consecutive month and… Read More
Today, the National Association of Realtors’ pending homes sales data, representing June’s homes entering contract, showed a decline of .04%. Analysts expected a smaller decline of .01%. The Decline is being blamed on a combination… Read More
