I am trusting a good Father's Day weekend has befallen upon us all.
As business is keeping me very busy, I apologize to those who have been waiting for an update from me. Here it is! Within the email, I am touching base on a couple of stories/issues/listings. Take a quick scroll to see if there is anything here worthy of your time.
Mid-Century Condo Listing / Benedict Canyon Sale:
If you or anyone you know may be looking for a clean and gorgeous condo in a great architectural building in the West Hollywood Vicinity.
Listing:
Offered at: $499,999
MLS#10-449931
1550 N Laurel Avenue, Los Angeles, CA 90046
2/2 Condo in a great location in the heart of the Hills and Strip. The building is truly one of the finest of the 1960s. Huge covered terrace with 8' floor to ceiling sliders. Truly is an indoor/outdoor living scenario.
Recently SOLD:
Sold for: $720,000
MLS#10-442733
10037 Reevesbury Dr, Beverly Hills, CA 90210
Historic home sells for historic price! The Reeves Pillsbury hunting lodge / art studio from 1927 was purchased by some happy clients of mine. With over 1,400sf living space and a lot close to 20,000sf, this place was a steal. Amazing canyon views abound. This is a classic!
Historic Moore House at Risk of Demolition:
"...Created by Lloyd Wright, son of internationally renowned architect Frank Lloyd Wright, and cited as being “highly intact” by the Los Angeles Conservancy, the home is threatened with being demolished so that the owners, PVE native Mark Paullin and his family, can build a new, larger home on the site.
“I always thought it was kind of an odd-looking house in [comparison with other homes in] the neighborhood,” said Paullin, who bought the home about four or five years ago. “I thought people would be happy that I was looking to [rebuild] it, make it fit in more with the rest of the architecture in the neighborhood...”
To read the full story, click here .
California Recovery:
Los Angeles Times
California’s unemployment rate, currently at 12.4 percent, will not return to single-digit levels until 2012 and the state’s inland areas will continue to be impaired by excess housing inventory and state budget cuts, according to a forecast released Tuesday by UCLA’s Anderson School of Business.
MAKING SENSE OF THE STORY FOR CONSUMERS
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California’s economic recovery is contingent on consumer shopping behavior nationwide, as retail spending drives traffic at California’s ports and logistics centers, which are both substantial employers throughout the state, the report said. However, consumers are unlikely to increase spending until businesses begin hiring again, which many economists believe will only happen gradually over time.
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The coastal areas of the state will benefit from growth in health care, education, and technology, while inland areas will be constrained by excess housing inventory and state budget cuts, impacting rural inland areas where government workers account for a significant percentage of the workforce, according to the forecast.
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The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) recently issued its mid-year housing market forecast. Based on C.A.R.’s forecast, the median home price in California is expected to rise 9.1 percent this year compared with last year, while sales of existing, single-family homes will decline 4.7 percent. Rates on 30-year, fixed-rate mortgages will rise to 5.3 percent compared with 5.1 percent in 2009 and 15-year mortgages will average 4.2 percent compared with 4.7 percent last year, according to the forecast
To read the full story, please click here.
As always, if you or someone you know is looking to sell or purchase real estate, please pass my name along. Referrals are always welcomed.
I hope this has given you some food for thought. Have a terrific day!
-Steve
Steve Ward
Realtor®, SFR®
Short Sale and Foreclosure Resource
modernhomeslosangeles
Keller Williams Realty - Los Feliz
213.305.8537 direct
323.300.1000 office
323.525.0102 fax
steve.ward.la@gmail.com
http://steven.ward.la.yourkwagent.com/
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