Cash home sales increase as competition heats up
Home sales are being held back in 2017, however low levels of housing inventory isn’t the only thing holding originations back. Freddie Mac explained the increase in competition is pushing cash sales higher, and bringing mortgage originations down.
More info @ https://www.housingwire.com/articles/41031-cash-home-sales-increase-as-competition-heats-up?eid=311694375&bid=1842636
Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
August 19, 2017 at 12:43PM

http://labusinessjournal.com/news/2017/aug/16/sunset-group-acquires-long-beach-high-rise-133-mil/?itx[idio]=5765856&ito=792&itq=9e460729-35fa-49ab-97d9-48d670c8834a

Sunset Group Acquires Long Beach High-Rise for $133 Million | Los Angeles Business Journal
West Hollywood’s Sunset Group has purchased a high-rise multifamily property, known as the Current, in downtown Long Beach for $132.9 million, according to data from real estate services firm Jones Lang LaSalle.
More info @ http://labusinessjournal.com/news/2017/aug/16/sunset-group-acquires-long-beach-high-rise-133-mil/?itx%5Bidio%5D=5765856&ito=792&itq=9e460729-35fa-49ab-97d9-48d670c8834a
http://labusinessjournal.com/news/2017/aug/16/sunset-group-acquires-long-beach-high-rise-133-mil/?itx%5Bidio%5D=5765856&ito=792&itq=9e460729-35fa-49ab-97d9-48d670c8834a Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
August 17, 2017 at 08:54PM

“In early 2008, Albert Elkouby bought a 1.54-acre piece of land on the corner of a main thoroughfare in Beverly Hills for $18 million and set about erecting a 28,000 square-foot “French chateau-inspired” house. Four years later, in 2012, Elkouby, who owns JH Design, an apparel company that makes branded jackets for the NFL, NBA, and Nascar, put the shell of the home on the market for $29.9 million.”

To Sell an $80 Million House, Its Owners Raise the Price
A mansion in Los Angeles wouldn’t sell. But what if it cost $8 million more?
More info @ https://www.bloomberg.com/news/articles/2017-08-17/to-sell-an-80-million-house-its-owners-raise-the-price
“In early 2008, Albert Elkouby bought a 1.54-acre piece of land on the corner of a main thoroughfare in Beverly Hills for $18 million and set about erecting a 28,000 square-foot “French chateau-inspired” house. Four years later, in 2012, Elkouby, who owns JH Design, an apparel company that makes branded jackets for the NFL, NBA, and Nascar, put the shell of the home on the market for $29.9 million.” Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
August 17, 2017 at 08:42AM

https://therealdeal.com/la/2017/08/07/at-350m-late-univision-chairs-bel-air-mansion-is-americas-priciest-listing/

At $350M, the late Univision chair’s Bel Air mansion is America’s priciest listing
Property is the priciest residence currently on the market in the U.S.
More info @ https://therealdeal.com/la/2017/08/07/at-350m-late-univision-chairs-bel-air-mansion-is-americas-priciest-listing/
https://therealdeal.com/la/2017/08/07/at-350m-late-univision-chairs-bel-air-mansion-is-americas-priciest-listing/ Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
August 16, 2017 at 08:13PM

Confidence in housing is again at an all-time high in the Fannie Mae Home Purchase Sentiment Index® (HPSI), showing the share of home sellers who believe now is a good time to sell reaching a new record in June—a sure sign of a seller’s market. The HPSI overall posted 88.3, up 2.1 percentage points from May. http://rismedia.com/2017/07/09/confidence-housing-again-all-time-high/#close

rismedia.com
More homebuyers and sellers are optimistic about their prospects in the housing market, with one industry measure making a return to a record high.
More info @ http://rismedia.com/2017/07/09/confidence-housing-again-all-time-high/#close
Confidence in housing is again at an all-time high in the Fannie Mae Home Purchase Sentiment Index® (HPSI), showing the share of home sellers who believe now is a good time to sell reaching a new record in June—a sure sign of a seller’s market. The HPSI overall posted 88.3, up 2.1 percentage points from May.
http://rismedia.com/2017/07/09/confidence-housing-again-all-time-high/#close Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
August 14, 2017 at 12:39PM

$1,827 per month: Apartment rents continue 7-year climb
Average asking apartment rents hit record highs throughout Southern California this past spring amid job growth, population increases and declining home ownership rates, data from Reis Inc. shows.
More info @ http://www.dailynews.com/business/20170725/1827-per-month-apartment-rents-continue-7-year-climb?ito=792
Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
August 11, 2017 at 03:27PM

http://www.latimes.com/business/la-fi-looser-lending-20170804-htmlstory.html

As prices rise, mortgage lenders are making it easier to buy a house
Changes in the mortgage industry are afoot, with the goal of loosening some of the strict standards established after the subprime crisis — rules some blame for impeding sales.
More info @ http://www.latimes.com/business/la-fi-looser-lending-20170804-htmlstory.html
http://www.latimes.com/business/la-fi-looser-lending-20170804-htmlstory.html Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
August 05, 2017 at 08:21PM