Our latest heat map takes a look at Q1-2017 sales volume for condos and co-ops. Find out which areas had the greatest growth…
Q3-2016 Market Climate Map: Sales Volume for Single-Family Homes
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The Q3 stats are in and, as per usual, our climate map has some revealing insights into Los Angeles’s neighborhoods to look out for going into the new year. The area that by far experienced the biggest overall increase in sales volume? Monterey Hills, with a whopping 138% increase in the sales volume of single family homes. The small community, which sits four miles ENE of Downtown Los Angeles, is experiencing …
The McMansion’s Day Has Come and Gone
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By Gail Marks-Jarvis (TNS)—When Dr. Kishin Ramani decided to sell his six-bedroom, Georgian-style home on a half-acre lot in an affluent Chicago suburb three years ago, it never occurred to him that he’d be resigned to accepting far less than he paid when he bought the home in 2005. Ramani was immediately drawn to the home, built in 2003, because “it was gorgeous and airy, with the highest ceilings I’d seen.” …
New on Alpha: SMS/Share
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Share reports with your clients in more formats than ever! Here at The MLS, we’re constantly striving to improve the technology we provide to our members. We have a lot of exciting new features to share! Check out the details on our newest feature below: Share Fig. 1: Example of “Share” button The user will now be able to share reports through a variety of channels: email, SMS (text …
The Pragmatic vs. The Personal: Working With Unrealistic Sellers
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One of the most frustrating things that an agent can experience is a seller who, against the agent’s best efforts, will insist on overpricing their property. In those cases, it’s hard to know how to proceed. National Speaker for Homes.com Joe Sesso has five key pieces of advice for agents who might be experiencing this all-too-common frustration. 1. Understand where they’re coming from Says Sesso, “Selling a house is easy. Selling …
Are More Millennials Moving in With Mom & Pop?
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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
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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
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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. …
Space Crunch: Renters More Likely to Feel the Squeeze
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When you’re looking for a new home, what’s the first decision you make? In all likelihood, it’s the number of bedrooms you’ll need. However, it’s becoming less commonplace for the number of rooms to match the number of residents–a statistic that Trulia mined from the U.S. Census 2014 5-year American Community Survey data. It wasn’t that long ago that bedroom-sharing was a common practice, especially in families with children and/or elders. …
NEW on the Alpha Listing Search!
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The MLS is excited to announce the addition of several innovative new features to the Alpha Listing Search; take a look at the flyer below for a closer look at what we’ve been cooking up! For more information on the Alpha Listing Search, click here! …