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| Unique Visitors: 0 |
| Total Unique Visitors: 766327 |
| Visitors Out: 886 |
| Total Visitors Out: 13063 |
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| Submit YOUR real estate questions... |
| 2010-05-31 23:39:42 |
With all of the work I've been doing in the past year since the market picked back up to market and sell real estate, I've been less than excellent about keeping up with this blog.I still do a lot of market analysis and am in touch with all kinds of deals in the residential and commercial real estate markets.However, you haven't seen that work in this space much.So......in an effort to provide at least some insight into the market in this space, I'd like to get your thoughts on what questions you have about the real estate market -- locally or internationally -- commercial or residential -- or anything else.I'll pick a few I like best and right about them.Send me an email at: chrishain@hotmail.comCheers,Chris...
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| Economics Prof: Housing Prices to Get Better |
| 2010-04-28 15:05:56 |
In case you missed it from today's New York Times, University of Chicago Economics Professor Casey Mulligan has an optimistic view of the housing market.In a blog post, Mulligan says: "housing sector data released last week suggested that housing prices can head somewhat higher." Specifically, Mulligan points to data suggesting housing producers are paying (or infers) willing to pay more for the materials to construct housing than they were in recent months. Read Mulligan's entire post HERE. My take is Mulligan may be right, but the data he's hinging his argument on is pretty thin. Of course, this is the nature of the science we call "Economics."On the front lines of the many real estate projects I'm working on these days, we certainly have seen a stabilization of pricing over the past yea...
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| Forbes' New Luxury Housing Index |
| 2010-03-05 01:29:52 |
Forbes Magazine has created a new "Luxury Housing Index" to track the real estate market in the 500 most expensive zip codes in the U.S.Forbes rightly points out that most housing indexes cover too many segments with too broad of a brush. As we know, all real estate is local. Or as they point out about San Francisco:The San Francisco MSA, for example, might be down 20%, but that number includes prices in the city of San Francisco, where properties generally hold their value; Vallejo, a bankrupt city in the North Bay; Oakland, which has been devastated by foreclosures, and depending on the index you use, San Jose--a city of over 1 million people on its own. Forbes says they plan to update it weekly. But as I've repeated time and time again, it really only makes sense to track these things q...
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| More Light at the end of the Los Angeles tunnel |
| 2010-03-05 01:21:52 |
Forbes Magazine has just named Los Angeles one of 10 metro areas in the U.S. where the Recession is ... easing!According to Forbes, the Los Angeles metro area ranks an unfortunate 31st in unemployment, but that's largely due to Los Angeles' dismal 27th ranking for job growth from 2007 to 2009.But times they are a-changing!Forbes projects that we'll move up to 12th for job growth over the next three years. That's significant for an area that's the 2nd largest metro economy in the country.And most importantly, LA is ranked 4th among 40 Metro areas for Housing Price Improvement.From Forbes:"California was perhaps hit hardest by the housing crisis. In spite of that, Los Angeles rises above the rest of the state, and other big cities in the country, to No. 9 on our list. Although the Golden Sta...
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| Problems with Zillow -- Confirmed |
| 2010-03-05 01:19:04 |
Those of us who work day in and day out with the prices of homes and condos in the areas we specialize have for several years known about the problems with Zillow.I've even heard some argue that the advent of Zillow has exacerabated the housing market problems here in Los Angeles. While I wouldn't go that far, I would say that Zillow has created real problems for agents trying to help their clients sell homes for the best price.And there's a new study out on Zillow that confirms these problems.The highly respected blog, Matrix, by NYC appraisal firm Miller Samuel highlights the study in a recent post HERE. The study is from Appraisal Journal and it shows that Zillow has flaws in the way it analyzes housing prices that serve to OVERESTIMATE housing prices, specifically, according to Apprais...
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| March Home Buyer Fair |
| 2010-02-22 15:40:50 |
If you're at all thinking about buying or selling a home anytime soon, there's a great event coming up in Downtown Los Angeles.It's not a sales event. It's an informational/educational event put on by the California Association of Realtors.It's FREE.It's two days at the Convention Center, March 13 and 14 and the list of scheduled presentations includes:· Your Guide to the Home Buyer Tax Credits· Finding a REALTOR®: The First Step to Your First Home· Finding a Home Loan in Today’s Market· Credit Boot Camp: How to Fix Your Finances· How to Negotiate Your Loan Modification· How to Plan and Save for Your First Home· Your First Home: What to Know Before You Buy· Don’t Lose Your Home: How to Avoid Foreclosure· Stay Covered: The Basics of Homeowner’s Insurance· Assistance Program...
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| Southern California housing price confusion |
| 2010-02-17 14:01:49 |
Time for me, once again, to point out the ridiculousness of single-month housing data.As the story in today's LA Times points out, Southern California housing prices are up dramatically over last January and down dramatically over December.Huh?As I've said many times before, a single month is too small a sample to be meaningful when home purchases are at least a 30-day event.But this story so dramatically makes my point, I had to give it special attention. Here, the article even points out its own futility:The month-to-month decline was attributable in part to the higher percentage of cheaper Inland Empire homes that sold in January compared with December as buyers in pricier locales stopped searching during the holidays and investors and first-time buyers made up a larger share of shopper...
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| Is LA flight slowing down? |
| 2009-10-26 19:44:03 |
Throughout the housing boom of the early part of this decade, as prices continued to skyrocket for housing in Los Angeles, many people packed their bags and left.Many of us Angelenos heard numerous stories of people who moved to cheaper, more affordable locales. Vegas. Phoenix. Other parts of California. Most everybody knew of somebody that sold high and bought cheap somewhere else.But the boom has most certainly turned to bust. Prices have come down -- even if not as much as some would like. Yes, the job market continues to be in the crapper in Los Angeles. However, there is growing evidence that lower housing prices is resulting in more people choosing to either stay in Los Angeles or to move within the city, according to relocation.com:As recently as 2005, 60.7% of the relocation activi...
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| 20 Years for Housing Recovery? |
| 2009-09-01 11:35:16 |
One Moody's economist is predicting it will take 21 years for California housing prices to reach their peak levels -- 2030. According to the story in U.S. News and World Report, Economist Celia Chen thinks housing prices nationally will continue falling until the end of 2010. She thinks prices will fall a total of 43 percent from peak levels. Nationally, prices won't recover until 2020 -- with places like California and Florida lagging behind for another 10 years. The Orange County Register brakes this down on an annual return for the O.C.: 2.7 Percent....
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