Monthly Archives: October 2013

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October 28th, 2013 – 10 Haunting Lights for Halloween

A big part of the essence of Halloween is the darkness, the blackness, the spookiness. Which is why I think that lighting fixtures – the opposing force of such darkness – have such a great opportunity for setting the stage for the season. Whether you have grandiose plans to deck your halls in cobwebs and Read More

October 24th, 2013 – Mortgage rates drop to lowest level since June

Rates on 30-year fixed-rate mortgages dropped to their lowest level since the end of June, amid speculation that the Fed would delay winding down its stimulus program. “Mortgage rates slid this week as the partial government shutdown led to market speculation that the Federal Reserve will not alter its bond purchases this year,” said Frank Read More

October 21st, 2013 – Coastal Market Update – Corona del Mar

The median list price in Corona del Mar this week is $3,245,000. Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market. supply and demand Home sales have been exceeding new inventory for several weeks. Should the sales trend continue expect that prices could Read More

October 18th, 2013 – 5 Numbers To Know About Tomorrow’s Housing Market

After half a decade, the massive U.S. housing crisis is officially over. Pricing and demand for homes are improving, banks are no longer saddled with billions in sour loans, and shares of many homebuilders are trading far up from their generational lows seen in 2008 and 2009. So should investors prepare for a housing boom Read More

October 16th, 2013 – Mark Wahlberg Sells Beverly Hills Home

Boston rapper turned actor/producer Mark Wahlberg has sold his Beverly Hills estate, represented by Luxury Portfolio member Hilton & Hyland. Last listed for $12,995,000, the Mediterranean-style home enjoys every imaginable amenity, from a lavish waterfall pool with a grotto to the detached professional two story gym with a boxing ring Wahlberg used to train for Read More

October 14th, 2013 – Next Big Investment: A Million-Dollar Flip

Some investors are betting that renovating and flipping million-dollar properties is the next big opportunity in the housing market.   Investors had been mostly focused on foreclosed and distressed properties, buying them on the cheap and turning them into rental properties. But as foreclosures have dried up in many markets and competition has increased, some investment Read More

October 11th, 2013 – Coastal Market Update – Newport Coast

The median list price in Newport Coast this week is $4,599,000.Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.  Supply and DemandHome sales have been exceeding new inventory for several weeks. Since the market is already in the Seller’s zone, Read More

October 9th, 2013 – Coastal Market Update – Laguna Beach

The median list price in Laguna Beach for the week of Sept. 30 is $2,595,000.With inventory and days-on-market basically unchanged and the Market Action Index increasing, the market is not sending strong directional signal for the near-term outlook.   Supply and DemandThe Market Action Index has been trending lower for several weeks while prices have Read More

October 7th, 2013 – Coastal Market Update – Dana Point

The median list price in Dana Point or the week of Step. 23 is $1,209,444.Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.  Supply and DemandHome sales have been exceeding new inventory for several weeks. PriceAgain this week we see Read More

October 4th, 2013 – Coastal Market Update – Newport Beach

THE MEDIAN LIST PRICE in Newport Beach is $2,395,000.With inventory and days-on-market basically unchanged and the Market Action Index decreasing, the market is not sending strong directional signal for the near-term outlook. SUPPLY & DEMANDIn terms of supply and demand, the market is cooling – more supply is coming on the market relative to the Read More

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