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Exclusive real estate news and insights from Southern California and beyond.

Rising Mortgage Interest Rates

Forbes.com has an interesting article on rising mortgage rates and the impact on the housing market. While the increases still seem relatively low in comparison to what they were a few years ago, the rise is steady and is indicative of the trend in the mortgage industry.

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Top 10 Booming Cities

CNN Money has listed its Top 10 Booming Cities and Los Angeles is #3 on the list. This is good to read since Southern California was one of the hardest hit as far as foreclosures and mortgage reform.

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US Home Appreciation Value on Consistent Rise

Good news for home owners — released real estate reports state that the U.S. home appreciation value has consistently risen for 6 straight months, above 5% each month. Further, for investment owners, this means that rents have consistently gone up as well.

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Future Housing Tax Treatment

Very interesting article about the future of our housing market and its impacts to the tax treatment of housing. One of the facts I found most interesting is that only 3 of 4 homeowners — 25% of all taxpayers — claim the Mortgage Interest Deduction (MID). More so, that number is almost equal to those that claim charitable contributions!

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Economic Recovery To Come From New Construction

Interesting news from Freddie Mac on our economic outlook, new construction, and the impacts on our unemployment rate.

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Limited Inventory Causes Home Sales to Slip

This is good news in the seller’s market! Shifting from a saturated market over the last few years to where we are now in a limited inventory market with prices maintaining an updated trend is a positive reflection of a stabilizing economy.

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Developers Targeting Overseas Buyers

As the United States real estate market becomes more and more attractive to overseas buyers, especially those from countries where their dollar is strong but their market is saturated with buyers and renters, developers are banking on designs that will further attract foreign investments.

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London’s Luxury Home Boom

Grosvenor Group Ltd., the real estate company owned by the Duke of Westminster’s family trusts, said it’s looking to buy rental properties for middle-income tenants as London’s five-year luxury-home boom may be ending.

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Breaking the Boundaries of Fear and Silence

I had a wonderful time attending a very important benefit last evening on behalf of Leslie Sacks and Women’s Voices Now.

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