Posts Tagged ‘Market Trends’

Current State of the Playa Vista Market

It has been a wild 2+ years, but all good things must come to an end sooner or later.  Exit the major supply and demand imbalance that has led to 30-40% price increases since the beginning of 2012 and enter market equilibrium.  What a crazy thought that is as we have been going through dramatic boom […]

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To Sell Now or Later?

According to the MLS, 11 homes are currently for sale in Playa Vista.  This is less than one month’s worth of inventory, which virtually ensures that if you properly price and market a home, it will sell quickly.  Demand has lessened since the spring and summer with buying properties as cash flow rentals no longer making sense for […]

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My Case for Keeping Fannie and Freddie

Recently President Obama announced he was planning to start winding down loan insurers Fannie Mae and Freddie Mac.   Most of my clients get loans backed by Fannie and Freddie.  Almost all with loan amounts under $625,000 – I personally have three of them.  While I appreciate free market economics, I think Fannie and Freddie are […]

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Increasing Inventory Will Test Market Strength

Rapid price increases over the past 9 months in Playa Vista have brought a lot of would-be sellers off the fence in recent weeks.  The number of homes for sale in Playa Vista has gone from a low of 9 in February to 22 as of today.  Prices rising over 15% in less than a […]

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Takeaways from Buyer Trends Panel

Last week I participated on a panel of agents from around North America at Keller Williams’ Family Reunion convention in Dallas.  Represented were an agent team from Ottawa, Ontario that closed over 300 transactions last year among nine agents.  Also on the panel were agents from Nashville and Chicago whose teams closed between 50-100 each last […]

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Phase II Housing and What it Means for You

We’ve known for some time that there is more housing coming to Playa Vista, East of the current development.  It’s only recently that it has been announced what some of the new home product will be.   The following (partial) list of properties expected to be built was taken from Playa Vista Today: 1.  Brookfield homes will be […]

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Holidays to Start Early for Potential Playa Vista Sellers, Buyers: “Memo Not Received”

Having recently been through three multiple offer situations for one buyer client and finally securing the third and best property over the weekend, it is clear that this is not a healthy real estate market.  Sellers have not been in a position of power like this in 7 years and now wield their long-relinquished power […]

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Supply and Demand Issues and Implications for Playa Vista Buyers and Sellers

The title of this post seems like the title for a dissertation.   There is certainly plenty to write on the subject, however this will be a synopsis of the issues as I realize this blog post is meant to be interesting as well as informative. As you may know, there was a higher percentage of distressed properties […]

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Is Docusign Leading the Real Estate Comeback?

For the last two years or so, electronic signatures on real estate forms through platforms such as Docusign have gone from non-existent to fringe to the norm.  These forms are widely accepted for offer purposes and only in certain cases are denied by lenders, in which case, hand signatures must be suppied at some point, normally […]

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Major Lenders Underwhelm in Customer Service

On two recent listings, I have been dismayed at the customer service of two major lenders that were obtaining financing on behalf of the buyer, the tweedle dumb and tweedle dumber of residential lending, Wells Fargo and Chase. On the Wells Fargo transaction, the buyer requested a 45 day escrow which was agreed to by […]

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