Archives

LOS ANGELES - May 12, 2014 - (RealEstateRama) -- Even in a state with hundreds of miles of beautiful, sandy beaches, luxury home buyers in California preferred hilltop homes over ocean-front properties by a margin of four to one, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2013 Luxury Real Estate Consumer Survey.”

LOS ANGELES - April 24, 2014 - (RealEstateRama) -- In an encouraging sign for a healthier spring home-buying market, California pending home sales increased more than usual and rose to the highest level in eight months.  Meanwhile, the share of short sales has fallen to levels last observed in 2008, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

La Jolla, CA. - April 23, 2014 - (RealEstateRama) -- For the third consecutive quarter California foreclosure starts remained little changed at a level last seen in early 2006, the result of steady economic growth and higher home values. Foreclosure processors are still mostly plowing through a pool of toxic subprime mortgages originated back in mid-to-late 2006, a real estate information service reported.

LOS ANGELES - April 18, 2014 - (RealEstateRama) -- California’s housing market ticked upward in March to reach the highest level in four months, but sales were still lower than a year ago as declining housing affordability continues to put downward pressure on the market, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

WASHINGTON, D.C. - April 17, 2014 - (RealEstateRama) -- An estimated 32,923 new and resale houses and condos sold statewide in March. That was up 28.2 percent from 25,680 in February, and down 12.8 percent from 37,764 sales in March 2013, according to San Diego-based DataQuick.

WASHINGTON, D.C. - April 8, 2014 - (RealEstateRama) -- A transient who was convicted last week of trespassing at Selena Gomez’s home is facing new charges today for allegedly returning to the pop singer’s property after being released from jail, the Los Angeles County District Attorney’s Office announced

LOS ANGELES - April 8, 2014 - (RealEstateRama) -- “What starts with one California REALTOR® benefits all of California.” That’s the underlying sentiment of the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) integrated consumer ad campaign, launching today on NBC stations in Los Angeles, San Diego, San Francisco, and Sacramento, as well as radio, print, and online

LOS ANGELES - April 4, 2014 - (RealEstateRama) -- Viewing the country as a safe place to put their money, international home buyers preferred purchasing properties in the United States over other countries, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2013 International Clients Survey.”

Sacramento - April 3, 2014 - (RealEstateRama) -- CAL FIRE inspectors have begun conducting Defensible Space inspections throughout the 31 million acres of State Responsibility Area (SRA) in California.

WASHINGTON, D.C. - April 1, 2014 - (RealEstateRama) -- February 2014 housing units have surpassed the January numbers by 14%, though year-over-year total units revealed a 25% decrease since February 2013. Single-family units show a minor decrease in activity, but multi-family housing units experienced significant increases in month-over-month statistics.

LOS ANGELES - March 26, 2014 - (RealEstateRama) -- Pending home sales posted stronger than average gains in February for the second straight month, thanks to seasonal factors, but remained below the level of  a year ago, despite slight improvements in the statewide housing demand, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

LOS ANGELES - March 25, 2014 - (RealEstateRama) -- Global real estate investment and services company Kennedy Wilson has announced the opening of OAK NYC, a subsidiary of American Apparel, in downtown Los Angeles. Kennedy Wilson brokered the landmark deal for the cutting-edge retail tenant, which signed a five-year lease at The Sparkle Factory, a seven-story retail and creative space that serves as the international headquarters for Tarina Tarantino’s world renowned jewelry line

MONTEBELLO, Calif. - March 18, 2014 - (RealEstateRama) -- Lee & Associates, the largest broker-owned commercial real estate firm in the country, has brokered a $7.5 million industrial sale in Montebello, Calif.

LOS ANGELES - March 18, 2014 - (RealEstateRama) -- California home sales fell in February, but housing inventory increased as sellers gear up for the spring home-buying season, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported.

GARDENA, Calif. - March 13, 2014 - (RealEstateRama) -- The Los Angeles-Long Beach office of Lee & Associates, the largest broker-owned commercial real estate firm in the country, has negotiated the $6 million sale of a 40,000-square-foot industrial building, situated on 196,216 square feet of land, located at 14611 S. Broadway St. in Gardena, Calif.

La Jolla, CA - March 12, 2014 - (RealEstateRama) -- Southland home sales dropped to the lowest level for a February in six years as many would-be buyers struggled with inventory constraints, credit hurdles and reduced affordability. The median price paid for a home edged up slightly from January and remained nearly 20 percent higher than a year earlier, a real estate information service reported.

LOS ANGELES - March 12, 2014 - (RealEstateRama) -- Vastly improved home prices over the past five years have changed the landscape of California’s distressed housing market, which is now just a fraction of what it was during the Great Recession, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

CARSON, Calif. - March 11, 2014 - (RealEstateRama) -- Lee & Associates, the largest broker-owned commercial real estate firm in the country, has completed the $14.2 million sale of a 10 acre industrial land parcel, located at 21038 Wilmington Ave. in Carson, Calif

SAN DIMAS, Calif. - March 11, 2014 - (RealEstateRama) -- Lee & Associates, the largest broker-owned commercial real estate firm in the country, has negotiated the sale of a 32,498-square-foot industrial property at 541-545 Terrace Drive in San Dimas, Calif

WASHINGTON, D.C. - March 11, 2014 - (RealEstateRama) -- January 2014 monthly permit totals quickly cooled after December’s hot streak. Though permits issued for single family and multi-family units decreased 51% from December 2013, current activity seems to be more comparable to January 2013, which revealed only a 9% decrease in permit activity.