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Are More Millennials Moving in With Mom & Pop?

By Posted on 2 min read 569 views

Moving back in with the parents–super embarrassing, right? Maybe. But, according to a recent Pew Research Center study, that isn’t deterring millennials from moving back home more than ever before. Using data from the U.S. Census Bureau from 2014, Pew concluded that a record 60.6 million Americans–a whopping 19% of all U.S. households–are living in multigenerational housing, but even that number is underestimating the real amount. Per Pew: “The Census Bureau …

Zillow Study Busts First-Time Buyer Myths

By Posted on 2 min read 367 views

Everything you think you know about first-time buyers is wrong. This new info comes fresh from a recent 160-question Zillow Group survey conducted with 13,000 homebuyers and sellers who closed transactions in 2016. The results of the survey bust several prevalent first-time buyer myths wide open and are soon to be released for the general public’s access. For starters? In 2016, a whopping 53 percent of all buyer sales were to …

Q2-2016 Market Climate Map: Median Sale Prices for Condos & Co-Ops

By Posted on 1 min read 284 views

Second quarter numbers are in for LA-area condos and co-ops, and it looks like the median sales prices are on the rise. With a few exceptions (Topanga, Pacific Palisades, and DTLA, to name a few), this new map shows that, even though summer’s coming to an end, things are getting a little warmer down here. CLICK HERE for a larger version of this map. …

7 Essential Home Fixes For Selling

By Posted on 2 min read 346 views

As everyone knows, it’s a rare property that’s ready to sell as-is. Getting ready to sell involves a long and daunting to-do list that can seem impossible to tackle, especially for newer agents. With all of these tasks, it’s sometimes hard to know what to prioritize when getting a property market-ready. Fortunately, award-winning Broker Associate Cara Ameer has put together a comprehensive list of what sellers should focus on. Structural and …

Is the Housing Market Cooling Down?

By Posted on 2 min read 282 views

It’s true what they say: what goes up, must come down. In this case, at least, “down” just means a slight plateau. (Don’t worry–this isn’t 2007.) According to the Dow Jones S&P/Case-Shiller National Home Price Index released yesterday and an analysis from Ralph McLaughlin, Trulia’s chief economist, May 2016 marks 49 months in a row of positive home price gains. Thanks to double-digit appreciation from 2012-2014, homeowners have been successfully recouping …

NEW: idxcellent Update!

By Posted on 1 min read 515 views

The MLS’s idxcellent system is making some pretty big changes. We’ve got a new version coming out tonight (June 14) at 9 pm, and the update is going to include some very useful features. In addition to fixing bugs from the previous version, we’ve added COMMERCIAL LISTINGS! The update will include search capabilities for commercial sale and lease, commercial listing pins, new inventory sorting options, and more! If you’re worried you’ll …