Archive for November, 2009
Pace of U.S. Home Resales Jumps
November 24th, 2009 Categories: Real Estate Tools
Home buyers last month snapped up previously owned properties at the fastest pace in more than two years, a Realtors group said Monday.
Home resales increased 10.1% to a seasonally adjusted annual rate of 6.1 million units in October from a downward-revised pace of 5.54 million in September, according to the National Assn. of Realtors in Washington. The October figure was up 23.5% from the seasonally adjusted annual rate of 4.94 million units a year earlier. The last time the sales pace was that swift was in February 2007.
The buying was motivated by low interest rates, a credit for first-time buyers and cheap housing, the association said. The national median home price — the point at which half the homes sold for more and half for less — was $173,100 in October, down 1% from September and off 7.1% from October of last year. Whether the stabilization of the housing market will continue remains a subject of debate among housing analysts and economists.
In a note to clients Monday, Patrick Newport, U.S. economist for IHS Global Insight, predicted a sales plunge in December, with mortgage loan volume tracked by the Mortgage Bankers Assn. recently dropping to a level not seen in 12 years.
“This surge may last one more month” into November, he wrote.
Read the rest of the story at Valerie Fitzgerald Group.
The Valerie Fitzgerald Group specializes in luxury residential real estate in Beverly Hills, Bel Air, Brentwood, Santa Monica and Malibu. Valerie has more than 20 years of real estate experience and is known for her solid reputation in the West Los Angeles brokerage community. She’s also the author of Heart and Sold: How to Survive and Build a Recession-Proof Business.
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The Carlyle Residences Video Showcase
November 19th, 2009 Categories: Real Estate Tools
The Carlyle Residences is a brand new 24-story crescent-shaped luxury condominium tower that’s located at the center of Wilshire Corridor’s “Golden Mile” in Los Angeles, CA. Built by ELAD Properties and developer of New York City’s Plaza Hotel, the building has 78 private luxury residences ranging in size from 2,700-5,000 square feet, each with its own private elevator entrance for residents privacy and security.
Whether you are looking for a solid real estate investment, need a residence in Los Angeles as your U.S. home base when you visit family, children and clients, or seeking a maintenance free primary or secondary home with the most modern amenities and 24-hour concierge access/valet/doorman…The Carlyle Residences are the answer.
The high rise luxury condominium offers its residents 24-hour white glove concierge modeled after a luxury hotel, and amenities including a fitness center designed by The Sports Club L.A., a private wine cellar and dining room, club room, a custom designed Chihuly glass sculpture and furnishings by Fendi Casa, as well a separate staff quarter units so they can also live on the property. Watch these videos to catch a glimpse of what living at The Carlyle is like. For the rest of the videos visit The Carlyle Residences on YouTube.
The Exterior
The Lobby
The Pool
The Carlyle Residences are represented exclusively by Valerie Fitzgerald, a Beverly Hills real estate broker who has more than 20 years luxury real estate experience in the West Los Angeles area. For more information visit The Carlyle Residences. The Carlyle Residences 10776 Wilshire Boulevard Los Angeles, CA 90024 Model Residences Open: Monday to Friday 10 a.m. to 5 p.m. and Weekends 12 to 4 p.m. To Schedule an Appointment Call: 310-209-0000. The Valerie Fitzgerald Group specializes in luxury residential real estate in Beverly Hills, Bel Air, Brentwood, Santa Monica and Malibu. Valerie has more than 20 years of real estate experience and is known for her solid reputation in the West Los Angeles brokerage community. She’s also the author ofHeart and Sold: How to Survive and Build a Recession-Proof Business.
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You May Qualify For A Home-Buyer Tax Credit | Valerie Fitzgerald | Beverly Hills & West L.A. Real Estate
November 11th, 2009 Categories: Real Estate Tools
Millions of additional people may be able to take advantage of the new and improved first-time home-buyer tax credit now, and it’s not just for first-time home buyers anymore. You may qualify. President Obama signed legislation Friday to extend unemployment benefits to American workers. The law also includes provisions that vastly expand the number of people eligible for home-buyer credits by boosting the income eligibility limits, giving buyers more time, creating a $6,500 credit for longtime homeowners and launching more-accommodating rules for members of the military. Here are the details. The $8,000 creditIf you were locked out of the first-time home-buyer credit in the past simply because you earned too much, there’s good news. Now you can qualify for the full $8,000 first-time home-buyer credit with a single income of up to $125,000 and married income of up to $225,000. Those who earn more will be phased out. Read the rest of the story at Valerie Fitzgerald Group.From the Los Angeles Times.The Valerie Fitzgerald Group specializes in luxury residential real estate in Beverly Hills, Bel Air, Brentwood, Santa Monica and Malibu. Valerie has more than 20 years of real estate experience and is known for her solid reputation in the West Los Angeles brokerage community. She’s also the author of Heart and Sold: How to Survive and Build a Recession-Proof Business.
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Experts talk on adapting homes to reduce wildfire risk
November 7th, 2009 Categories: Real Estate Tools
November 6, 2009 | 3:09 pm
Two of the region’s most respected experts on wildfire, local ecology and post-fire regeneration — Richard W. Halsey, director of the California Chaparral Institute, and Jon E. Keeley, research ecologist with the U.S. Geological Survey — will discuss “Southern California Wildfires: Protecting Our Homes and the Natural Environment” on Saturday.
This free discussion, co-hosted by the Theodore Payne Foundation for Wildflowers & Native Plants and the Glendale Department of Public Works, will address how communities can adapt to fire-prone environments and the importance of nature education. The event’s hosts also have invited local fire officials.
The talk runs 6:30 to 8:30 p.m. at the Clark Magnet High School auditorium, 4747 New York Ave., La Crescenta.
– Los Angeles Times Lisa Boone
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Global Rebound in Economic Growth Fuels High-End Luxury Sales
November 4th, 2009 Categories: Buying a Home, Real Estate Tools
As strong market reports on manufacturing, construction and contracts to buy new homes show renewed optimism, The Carlyle Residences, a development of The Elad Group of New York’s Plaza Hotel, sees an influx of international buyers contributing to analysts’ reports. “The building appeals to many demographics,” says Tom Elliot COO of Elad Properties West, “and a high percentage of recent sales have been with foreign buyers.” The latest figures from the National Association of Realtors show that existing home sales were strong in September, which means that conditions have improved for five of the past six months. Last month, sales were up 9.4 percent from the level recorded in August, and also 9.2 percent higher than the figures recorded in September 2008.
Read the rest at Valerie Fitzgerald Group website.
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