Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

June 11, 2021

Updates near LAX

Work wrapping up on installation of a new water main on 98th Street , with 2-way traffic anticipated to return later on this month east of Vicksburg Avenue.

 

If you're heading to LAX or driving around the area, please keep these roadway lane restrictions / closures in mind to take a detour and avoid traffic.

 

Airport Boulevard: The right turn lane from southbound Airport Boulevard to 96th Street is closed during work on the APM guideway. Motorists can still turn right onto 96th Street at the traffic signal. A nighttime full closure in the middle of the month north of the 96th Street intersection will facilitate the removal of the APM falsework that spans the roadway.

 

Arbor Vitae Street: Daytime and nighttime lane closures are possible Monday-Saturday between Maintenance Drive and La Cienega Boulevard for installation of LADWP’s Permanent Power Duct Bank and utility investigation work for the future ConRAC facility. The continued closure of a single eastbound lane is needed for approximately a week to install a new water line just east of Airport Boulevard. Similar closures in that area may be required later in the month to facilitate work in the alley.

 

Arbor Vitae Street/Aviation Boulevard: Daytime and nighttime lane closures are possible Monday-Saturday at the intersection for installation of LADWP’s Permanent Power Duct Bank and utility investigation work for the future ConRAC facility.

 

Aviation Boulevard: Nightly full closures are possible between Arbor Vitae Street and Century Boulevard for installation of LADWP’s Permanent Power Duct Bank and utility investigation work for the future ConRAC facility. One lane is closed in each direction between Century Boulevard and Arbor Vitae Street to facilitate APM construction. One through lane will remain open in each direction during the day.

 

Aviation/Century boulevards: Work to restore the sidewalks at the intersection may occasionally close the right lane.

 

Century Boulevard: Nightly lane closures are possible for construction activities in preparation for building the APM guideway over the roadway.

 

Century Boulevard/Sepulveda Boulevard: Intermittent closures of the northbound and southbound ramps at Century and Sepulveda boulevards are possible to prepare for the construction of the APM guideway in the coming months.

 

Loyola Boulevard/Westchester Parkway: Work to install sewer and storm drains in the area of the Airport Police Facility may occasionally close lanes, but travel lanes in each direction will remain available.

 

96th Street: Traffic is limited to one eastbound lane between Airport Boulevard and Bellanca Avenue. Daytime construction activities will occur within this closure. Nightly full closures will be needed to erect falsework for the APM train guideway.

 

98th Street: Los Angeles Department of Water and Power construction of a new water main is wrapping up, with two-way traffic re-established east of Airport Boulevard. Two-way traffic is expected to resume in June east of Vicksburg Avenue, while the street is limited to eastbound traffic between Sepulveda Boulevard and Vicksburg Avenue.

 

Pershing Drive: Construction of a recycled water line will reduce lanes between Imperial Highway and World Way West weekdays from 9 a.m. to 3:30 p.m. and overnight from 9 p.m. to 6 a.m. Lanes between World Way West and Westchester Parkway may be reduced weekdays from 8 a.m. to 4 p.m. during work to install communications fiber.

 

Sepulveda Boulevard: The Los Angeles Bureau of Street Services is scheduled to wash the walls in the tunnel south of LAX the week of June 14. On June 14 and 15, two of the three southbound lanes will be closed from 11 p.m. to 5 a.m. the next morning. One June 16 and 17, two of the three northbound lanes will be closed from 11 p.m. to 5 a.m. Motorists are advised to allow additional time to reach LAX during the closures.

 

Streets surrounding LAX: Intermittent, short-term lane closures may take place as needed on streets in the LAX area. Streets include Century Boulevard, 96th and 98th Streets, Airport Boulevard, Westchester Parkway/Arbor Vitae Street, and Aviation Boulevard. At least one through lane of traffic will be maintained at all times and access to businesses will be maintained.

 

Westchester Parkway: Lanes may be reduced weekdays between Pershing Drive and Falmouth Avenue from 8 a.m. to 4 p.m. during work to install communications fiber.

 

World Way West: Lanes will be reduced between Permits Road and Coast Guard Road during daytime utility installation work.

 

Please note that all dates provided in this notice are subject to change. Up-to-date construction alerts showing roadway lane restrictions and sidewalk closures in the terminal loop, as well as a pedestrian walking map and helpful airline terminal finder, can be found at www.flyLAX.com. LAX also partners with Waze, the world’s largest community-based traffic reporting app, to provide enhanced information on conditions inside the airport and on nearby roadways. 

 

Source: LAWA.org

 

Posted in Local News
June 10, 2021

Hollywood Park: Summer Bash

Hollywood Park is throwing a party and you are all invited! The Summer Bash at Hollywood Park will take place on Saturday, June 26th from 9 a.m. to 6 p.m. The event is free and all are welcome to explore the new grounds at Hollywood Park for the first time! The event will include free health screenings, a local business expo, health and fitness classes, a tour of SoFi Stadium, fun activities for the entire family, food trucks, and much more.

Register today to reserve your ticket(s) to attend this Hollywood Park event in the City of Inglewood.

Click HERE or the image to register.

Posted in Local News
June 10, 2021

Save Water and Money

As summer heats up, we thought we’d share a few tips on how to save water and money!

 

June 9, 2021

Real Estate Lingo: Buyer's Market

Though we are currently in a Seller's Market buyers can still have the opportunity to purchase a home especially with today's historically low interest rates.

 

Whether you are thinking about buying, selling, or refinancing we are here to help.

 

June 8, 2021

In Today’s Market, Listing Prices Are Like An Auction’s Reserve Price

For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how much less than the full price they could offer and still get the home. As a result, the listing price was generally the ceiling of the negotiation. The actual sales price would almost always be somewhat lower than what was listed. It was unthinkable to pay more than what the seller was asking.

 

Today is different.

The record-low supply of homes for sale coupled with very strong buyer demand is leading to a rise in bidding wars on many homes. Because of this, homes today often sell for more than the list price. In some cases, they sell for a lot more.

According to Lawrence Yun, Chief Economist at the National Association of Realtors (NAR):

“For every listing there are 5.1 offers. Half of the homes are being sold above list price.”

 

You may need to change the way you look at the asking price of a home.

In this market, you likely can’t shop for a home with the former approach of negotiating to a lower price.

Due to the low supply of houses for sale, many homes are now being offered in an auction-like atmosphere in which the highest bidder wins the home. In an actual auction, the seller of an item agrees to take the highest bid, and many sellers set a reserve price on the item they’re selling. A reserve price is the minimum amount a seller will accept as the winning bid.

When navigating a competitive housing market, think of the list price of the house as the reserve price at an auction. It’s the minimum the seller will accept in many cases. Today, the asking price is often becoming the floor of the negotiation rather than the ceiling. Therefore, if you really love a home, know that it may ultimately sell for more than the sellers are asking. So, as you’re navigating the homebuying process, make sure you know your budget, know what you can afford, and work with a trusted advisor who can help you make all the right moves as you buy a home.

 

Bottom Line

Someone who’s more familiar with the housing market of the past than that of today may think it’s foolish to offer more for a home than the listing price. However, frequent and competitive bidding wars are creating an auction-like atmosphere in many real estate transactions right now. Let’s connect today so you have a trusted real estate professional on your side to provide the best advice on how to make a competitive offer on a home.

 

 

Keeping Current Matters. “In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price” https://www.keepingcurrentmatters.com/2021/06/08/in-todays-market-listing-prices-are-like-an-auctions-reserve-price/

(Accessed June 8th, 2021)

June 4, 2021

National Donut Day!

It's National Donut Day! Donuts come in a seemingly endless array of varieties — from glazed to frosted, filled or with toppings — and all of them are delicious in their own way and deserving of a celebration. There are a bunch of national chains sharing sweet deals and freebies to celebrate all day long. 

What is your all-time favorite Donut? Comment or share a pic below.

 

Posted in Holidays
June 3, 2021

6 Reasons to Celebrate National Homeownership Month

Disponible en español AQUI

 

Our homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe harbors in which we’ve weathered the toughest moments of a global pandemic. Today, 65.6% of Americans call their homes their own, a rate that has risen to its highest point in 8 years.

As National Homeownership Month kicks off this June, homeowners have every reason to celebrate. A survey by Gallup just ranked real estate as the best investment you can make for the eighth year in a row. However, unlike other investment options, the benefits of owning a home aren’t purely financial. Here are the top ways Americans are winning by owning a home.

 

Non-Financial Benefits:

1. Civic Participation: Owning a home is owning a part of your neighborhood. Homeowners have a stronger connection to their neighborhoods and are more committed to volunteer work and other ways to get involved.

2. Pride of Ownership: Owning a home is having a space that is uniquely yours. You can customize it to your personal liking and make it reflect your personality and values.

3. A Safe Space: Owning a home gives you a sense of security and privacy – two things that have become even more valuable as we’ve tackled the challenges of the recent health crisis.

 

Financial Benefits:

1. Forced Savings: Owning a home builds equity. Your equity grows with each payment you make toward your mortgage. This form of forced savings can be used down the road to help you accomplish your biggest financial goals.

2. Appreciation: Owning a home is making an investment that steadily gains value, and experts project home values will continue to rise in the years to come.

3. Stability: Owning a home means having better control over your future housing payments. Over the years, a mortgage stays relatively steady, but rent costs continue to rise.

 

Bottom Line

If you own your home, take time this June to celebrate the ways homeownership has added value to your life. If you hope to become a homeowner this year, let’s connect today to take the first steps toward achieving your real estate goals.

 

 

 

Keeping Current Matters. “Americans Choose Real Estate as the Best Investment [INFOGRAPHIC]” https://www.keepingcurrentmatters.com/2021/06/01/6-reasons-to-celebrate-national-homeownership-month/

(Accessed May 3rd, 2021)

June 3, 2021

World Bike Day!

"Life is like a bicycle. To keep your balance, you must keep moving." - Albert Einstein

It’s World Bike Day! Who’s riding today?

"La vida es como una bicicleta. Si quieres mantener el equilibrio, tienes que seguir avanzando." - Albert Einstein

¡Es el Día Mundial de la Bicicleta! ¿Quién va a montar una hoy?

 

For many of us, riding a bicycle without training wheels is the first challenging physical activity we learned how to master. We all remember, don’t we? A running start. The protective hand secured to the bicycle seat is released. And then — ZOOM! — the child is off and peddling, and a lifetime of adventure and freedom awaits aboard a succession of beloved two-wheeled conveyances. In the spirit of that very first trip, let’s take a closer look at World Bicycle Day, June 3, shall we?

 

5 THINGS YOU PROBABLY DIDN'T KNOW ABOUT BICYCLES

1. It's a dandy

The "dandy horse", an early forerunner of the bicycle, was invented by German Karl Drais and patented in February 1818. It was heavy — almost 50 pounds! — and powered by running the rider's feet along the ground. 

2. Put the pedal down

A blacksmith in Scotland named Kirkpatrick Macmillan is generally credited with inventing the first pedal-driven bicycle in 1839.

3. A French bicyclist in America

Frenchman Pierre Lallement, living in Connecticut, filed the earliest American patent application for a pedal bicycle in 1866.

4. Safety first

The "safety bicycle" was designed by English engineer Harry Lawson in 1876. It is now the most common type of bicycle, although nobody calls it by its original name anymore.

5. Tandem bicycles aren't only two seaters

The longest tandem bicycle seated 35 people and it was more than 65 feet long. 

 

WORLD BICYCLE DAY HISTORY TIMELINE

 

WORLD BICYCLE DAY ACTIVITIES

1. Plan a trip

No matter where you are in the world, we're sure that your city or town will look completely different once you start to explore it by bicycle. Many cities have dedicated bike lanes that allow you to ride at your own pace and convenience. And many bicyclists love to get outside of town to take in the sweeping vistas and wind-in-your-hair excitement of rural bicycling.

2. Acknowledge the world celebration

European Cyclists’ Federation Secretary General Dr. Bernhard Ensink says of the United Nations' declaration of June 3 as World Bicycle Day: "Cycling is a source for social, economic and environmental benefits, and it is bringing people together."

3. Spread the word

World Bicycle Day is pretty much brand new — adopted by the U.N. General Assembly in April 2018. Let everyone know about this super cool celebration.

 

 

Source: www.nationaltoday.com/world-bicycle-day/

 

Posted in Holidays
June 2, 2021

National Homeownership Month

"For millions of Americans, homeownership is the cornerstone of a life with security, with dignity, and with hope. A home is more than four walls and a roof; it is a place where we can celebrate triumphs and weather the trials of life. A place where we can watch our families grow and prosper. A place that helps us build wealth we can pass down to our children and our grandchildren." - USA President: Joseph R. Biden Jr.

Don't hesitate to reach out for any of your real estate needs, we are committed to helping families realize their real estate goals.

 

 

Posted in Holidays
June 2, 2021

Wednesday Quote

"Coming home is one of the most beautiful things" -Andre Rieu

We totally agree with Mr. Rieu as there's nothing better than coming home, especially after a long day.

Are you or anyone you know thinking of refinancing, buying or selling a home? We're here to help you accomplish your real estate goals.