Lucky

by Jodi Summers If you own real estate, you’re lucky. Your portfolio value grew…no matter where you own, but especially if you live in California. In 2015, the value of all homes across the U.S. increased $1.1 trillion, growing 4.1% percent over the past year. At year end, the entire housing stock is expected to […]

by Jodi Summers Mrs. W is living the life. It wasn’t always that way. This millennium brought with it the passing of her husband, as well as the stock market crash. Nervous about her retirement position long and hard before selling the family home and purchasing a less expensive villa Mexico. Now she has freed […]

by Jodi Summers Close to 80% of the 41 million Americans age 65 and older are considered homeowners.  This is highest percentage of all age groups. Of those senior homeowners, approximately 70% have paid off their mortgage, according to the Consumer Financial Protection Bureau. The amount of mortgage debt tends to hover around 30%, but […]

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by Jodi Summers Last summer, Ocean Park was home to the million dollar bungalow. This summer, not so much. The market is quieter than last year – only 19 properties sold in our neighborhood in the second quarter. Prices are a little more palatable for buyers…and not so exciting for sellers. “The drop in affordability […]

by Jodi Summers Clients are always asking, “How home prices in my neighborhood?” The MLS has prepared a comprehensive look at how the median sale price of single family homes have fared when comparing the first quarter of 2013 with 1Q 2014. Here is a year-over-year summary of sales and price activity in Southern California […]