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New homes sales inched up in June, rising to 497,000 completed transactions, according to government data. When evaluating single-family homes specifically, sales climbed 8.3% in June, above the revised May rate of 459,000 units. Last month’s sales hovered 38.1% above the June 2012 estimate of 360,000 sales, the Census Bureau and the Department of Housing and Urban Development noted in a report released Wednesday. Most of the fundamentals right now for the new home market are very favorable especially low supply which, despite perhaps keeping current sales down, points to […]

Applications for mortgage refinances continued to tumble last week as mortgage rates hovered near two-year highs. The total number of mortgage applications “including refinances and home purchases” dropped 1 percent last week compared to the prior week, according to the Mortgage Bankers Association. Applications for refinances were down 1 percent, reaching its lowest level in two years. The index measuring applications for home purchases “an indicator for future home sales” dropped 2 percent last week compared to the previous week. After climbing every week since May, mortgage rates did drop […]

Twenty-three years ago, my husband and I moved from New York City to Los Angeles. In addition to our three married children, my home, family and a secure future are all very important to me.

The housing inventory may be wearing thin, but there’s still an abundance of distressed homeowners with properties up for grabs.

While homes may languish on the sale market for any number of reasons, the most common cause is an inappropriate listing price. Typically, this means the real estate agent allowed the owners to set the asking price too high without scheduled reductions and that he or she failed to walk away from a bad listing.

Born and raised in affluent Potomac Maryland, Oliver developed an interest in Luxury Real Estate at an early age… Beginning his career in Hotel Management he began buying and selling properties until he finally made the full transition into Real Estate Sales. Bringing together his customer service skills developed in the Hotel industry and his understanding of Real Estate from both the buying and selling side, Oliver opened his Real Estate sales business in 2003. Oliver spent 6 successful years as a top producer with EWM Realtors, the local affiliate […]

Disappointment seemed to flood the housing industry upon Monday’s existing-home sales report for June, which revealed total existing-home sales fell from May. Many analysts saw this as a smaller piece of a bigger picture that rising interest rates are deterring potential homebuyers from entering into the market. However, custom home builders should have slept easy last night, as the drop in existing-home sales actually supports a positive housing outlook for them. Shadd Johnson Design is one of the top custom home designers in the country. The primary competitor to public […]

Investors eager to pick up rental properties should be eyeing several metros, particularly out West, where rental rates have skyrocketed over the past year. The San Francisco Bay Area has seen some of the largest rent hikes  an increase of 7.8 percent in the second quarter of this year compared to the same time period a year ago, according to Texas-based market-research firm MPF Research. Of the top 50 U.S. metros with the highest average rent growth, the following areas have seen the biggest spikes, MPF found: San Francisco: 7.8% […]

Lee has lived in the north metro his whole life and is very versed in the area. He has an unbeatable combination of knowledge and experience that you will find invaluable in your home buying or selling experience. He can guide you through every step of the journey with skill and compassion. Professional/Personal Distinctions: Member – National Association of Realtors, Member – Minnesota Association of Realtors, Member – Minneapolis Area Association of Realtors, CRS – Certified Residential Specialist, ABR – Accredited Buyer Representative, GRI – Graduate Realtor Institute, e-PRO – […]

Existing-home sales fell from May levels, but have managed to beat out year ago levels for the past two years. Home values continue to rise with the median home price seeing a double-digit year-over-year increase for the seventh consecutive month, according to the National Association of Realtors. Total existing-home sales completed transactions that include single-family homes, townhomes, condominiums and co-ops dropped 1.2% to a seasonally adjusted annual rate of 5.08 million in June, falling from a downwardly revised 5.14 million in May. However, sales are 15.2% higher than the 4.41 […]