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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 …

Brookfield Releases Phase II Property Information

Brooksfield Homes, residential developer of Playa Vista Phase II recently released the first tangible information and interest list of what the coming phase homes may look like. http://playavista.com/live-here/. There are not too many details, but early indications are that there the units will be on the larger side (many 3+ bedrooms) …

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 …

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 …

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: …

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 …

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 …

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 …

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 …

Multiple Offers Frequent in Playa Vista and California

If you’re in the market to buy, you’ve probably sensed there is a lot of competition these days for a limited supply of properties. Well this cool, but marginally relevant, chart shows the percentage of California properties with multiple offers since 2000. It does not show Playa Vista specifically or anything for 2012, …

« Newer Posts — Older Posts »

My Case for Keeping Fannie and Freddie

Brookfield Releases Phase II Property Information

Increasing Inventory Will Test Market Strength

Takeaways from Buyer Trends Panel

Phase II Housing and What it Means for You

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

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

Is Docusign Leading the Real Estate Comeback?

Major Lenders Underwhelm in Customer Service

Multiple Offers Frequent in Playa Vista and California

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