Jack Osbourne
Los Angeles, CA
Los Angeles, CA
$2,820,000
4,074 square feet, 4 bedrooms and 5.5 bathrooms
4,074 square feet, 4 bedrooms and 5.5 bathrooms
4.10.2012
2.03.2012
celeb sales.
Ryan Reynolds and Scarlett Johansson
Los Angeles, CA
Los Angeles, CA
$3,650,000
2,835 square feet, 2 bedrooms, 3 bathrooms
2,835 square feet, 2 bedrooms, 3 bathrooms
1.28.2012
word on the street.
third party real estate websites.
Below is a video by ARG Abbott Realty Group Broker and President Jim Abbott explaining why ARG listings will no longer be permitted on 3rd party syndicator sites such as trulia, zillow, and realtor.com.
As a Sotheby's International Realty Agent, I have the privilege of being on the above sites, as well as sites like New York Times, The Wall Street Journal, James List, The International Herald Tribune and many more. Sotheby's International Realty pays big money to be on the sites, as a lot of sellers these days expect it. Sellers know that 90% of buyers start their home search on the internet and sellers want to make sure their homes are represented.
There are many different third party websites and I think it is important to recognize the difference between them. Sites like New York Times and The International Herald Tribune are fed from our Sotheby's International Realty data base, CREST and can be regulated by the date we enter in our own system- other third part sites like trulia, zillow and realtor.com feed from our Sotheby's International Realty data base as well, but they also feed from the MLS and other sites, making a lot of these third party sites unregulated. Some listings have the wrong agent information listed, an incorrect picture and even can feed you to an out of area phone base to answer questions about your listing that THEY have NEVER even seen. There are a lot of ins and outs to this and that is why I am not 100% sure how I feel about this issue. If they could regulate these third party sites it might be a good solution- or maybe require them to use an approved IDX feed like most company websites do. Whatever the solution, I am not surprised this issue is rearing its head. I sense it will be a long road ahead and who knows how searching for home on the Internet will work in the future.
Below is a video by ARG Abbott Realty Group Broker and President Jim Abbott explaining why ARG listings will no longer be permitted on 3rd party syndicator sites such as trulia, zillow, and realtor.com.
As a Sotheby's International Realty Agent, I have the privilege of being on the above sites, as well as sites like New York Times, The Wall Street Journal, James List, The International Herald Tribune and many more. Sotheby's International Realty pays big money to be on the sites, as a lot of sellers these days expect it. Sellers know that 90% of buyers start their home search on the internet and sellers want to make sure their homes are represented.
There are many different third party websites and I think it is important to recognize the difference between them. Sites like New York Times and The International Herald Tribune are fed from our Sotheby's International Realty data base, CREST and can be regulated by the date we enter in our own system- other third part sites like trulia, zillow and realtor.com feed from our Sotheby's International Realty data base as well, but they also feed from the MLS and other sites, making a lot of these third party sites unregulated. Some listings have the wrong agent information listed, an incorrect picture and even can feed you to an out of area phone base to answer questions about your listing that THEY have NEVER even seen. There are a lot of ins and outs to this and that is why I am not 100% sure how I feel about this issue. If they could regulate these third party sites it might be a good solution- or maybe require them to use an approved IDX feed like most company websites do. Whatever the solution, I am not surprised this issue is rearing its head. I sense it will be a long road ahead and who knows how searching for home on the Internet will work in the future.
ad.
A San Francisco Conversion. The February 2012 feature on a Pacific Heights home renovated by designer Suzanne Tucker and architect Andrew Skurman wasn’t the first time the apartment appeared in AD’s pages. It was also in the February 1990 issue, but with strikingly different interiors by Valerian Rybar and Jean-François Daigre. See the photos from then and now here.
1.23.2012
celeb sales.
Jeffrey Katzenberg
Beverly Hills, CA
$9,400,000
9,173 square feet, 5 bedrooms, 6 bathrooms (plus separate guest house)
Beverly Hills, CA
$9,400,000
9,173 square feet, 5 bedrooms, 6 bathrooms (plus separate guest house)
celeb sales.
Brooke Shields and Chris Henchy
New York City, NY
$2,950,000
2,600 square feet (approximately), 2-3 bedrooms, 2 bathrooms
New York City, NY
$2,950,000
2,600 square feet (approximately), 2-3 bedrooms, 2 bathrooms
1.17.2012
real estate report.
One of the most asked questions I receive as a Realtor is, "is it a good time to buy/sell?" I tend to think that in this turbulent market the best answer is "do what is best for you in your current situation."
No one has a crystal ball and can predict the future, but we can look at trends and cycles and try to anticipate what is coming next. To tell the truth can only be done by quoting current trends and cycles. Although we are not psychics, is it my job, along with other Realtors to guide our clients down the best path- and talking to lenders and knowing the current rules, regulations and rates can help us be informed enough to educate our clients. Here is a great example of an informative lender- this is a Real Estate recap of the current industry from my preferred lender, Tony Butler with Equitable Mortgage.
"The worst for the housing market may finally be over, according to housing experts in a recent article in Kiplinger. After median home price have dropped nearly 40 percent nationwide, a rebound is taking shape -- although, housing experts say, the market may stay flat for awhile before gradually ticking up. According to housing experts in a recent Kiplinger article, here are some predictions for the real estate market in the coming year:
Home prices stabilize: Mark Zandi, chief economist at Moody's Analytics, predicts that home prices nationwide may still drop another 3 to 5 percent in 2012, but the new year will most likely finally bring a leveling off of home prices before gains start to take shape in 2013. When markets do begin to stabilize in the new year, “price appreciation tends to spread unevenly, creating a lot of confusion about where the recovery is occurring and when,” David Stiff, chief economist at Fiserv Case-Shiller, told Kiplinger. “Even within a single city, more desirable neighborhoods will stabilize first, while prices in other neighborhoods may fall at a rapid pace.”
Housing affordability high: Housing affordability -- the ratio of median home prices to median family income -- will likely remain at record levels in 2012. Homes in many cities are “substantially undervalued,” the Kiplinger article notes. That may even lead to a mini bubble with double-digit spikes in prices, such as an increase of 10 to 15 percent in a given year in some markets, housing experts say.
Low rates: Helping to keep affordability high, low interest rates are expected to continue on in 2012 -- at least the first part of the year, economists predict. The 30-year fixed-rate mortgage, the most popular among home buyers, has been hovering under a 4-percent average the past few weeks, staying in record low territory. Rates are expected to stay between 4 to 5 percent in 2012, predicts Guy Cecala, publisher of Inside Mortgage Finance, an industry publication.
Foreclosures: Foreclosures remain the problem and still plague many markets. After a slowdown with lenders processing the paperwork, foreclosures have begun to pick up once again. About 1.84 million home loans are 90 days or more delinquent and 2.17 million have finished the foreclosure process but aren’t up for sale yet, according to RealtyTrac data. Alex Villacorta, director of research and analytics at Clear Capital, told Kiplinger that he predicts regardless of the downward price pressure caused from foreclosures, overall home prices won’t fall as long as lenders bring additional foreclosures to the housing market at a steady pace. Source: Kiplinger"
No one has a crystal ball and can predict the future, but we can look at trends and cycles and try to anticipate what is coming next. To tell the truth can only be done by quoting current trends and cycles. Although we are not psychics, is it my job, along with other Realtors to guide our clients down the best path- and talking to lenders and knowing the current rules, regulations and rates can help us be informed enough to educate our clients. Here is a great example of an informative lender- this is a Real Estate recap of the current industry from my preferred lender, Tony Butler with Equitable Mortgage.
Tony Butler
Equitable Mortgage Corporation
3530 Snouffer Rd. Ste. 100
Columbus,Oh 43235
tonyb@eqfin.com
614-764-5071
Home prices stabilize: Mark Zandi, chief economist at Moody's Analytics, predicts that home prices nationwide may still drop another 3 to 5 percent in 2012, but the new year will most likely finally bring a leveling off of home prices before gains start to take shape in 2013. When markets do begin to stabilize in the new year, “price appreciation tends to spread unevenly, creating a lot of confusion about where the recovery is occurring and when,” David Stiff, chief economist at Fiserv Case-Shiller, told Kiplinger. “Even within a single city, more desirable neighborhoods will stabilize first, while prices in other neighborhoods may fall at a rapid pace.”
Housing affordability high: Housing affordability -- the ratio of median home prices to median family income -- will likely remain at record levels in 2012. Homes in many cities are “substantially undervalued,” the Kiplinger article notes. That may even lead to a mini bubble with double-digit spikes in prices, such as an increase of 10 to 15 percent in a given year in some markets, housing experts say.
Low rates: Helping to keep affordability high, low interest rates are expected to continue on in 2012 -- at least the first part of the year, economists predict. The 30-year fixed-rate mortgage, the most popular among home buyers, has been hovering under a 4-percent average the past few weeks, staying in record low territory. Rates are expected to stay between 4 to 5 percent in 2012, predicts Guy Cecala, publisher of Inside Mortgage Finance, an industry publication.
Sales increases: The National Association of Realtors® has already been showing a tick up in sales taking shape with increases in existing-home sales during the summer and early fall of 2011. High inventories of homes continue to flood the market but a drastic slowdown in new-home building the past three years is “gradually easing the surplus,” the Kiplinger article notes.
Foreclosures: Foreclosures remain the problem and still plague many markets. After a slowdown with lenders processing the paperwork, foreclosures have begun to pick up once again. About 1.84 million home loans are 90 days or more delinquent and 2.17 million have finished the foreclosure process but aren’t up for sale yet, according to RealtyTrac data. Alex Villacorta, director of research and analytics at Clear Capital, told Kiplinger that he predicts regardless of the downward price pressure caused from foreclosures, overall home prices won’t fall as long as lenders bring additional foreclosures to the housing market at a steady pace. Source: Kiplinger"
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