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Christophe Choo’s Beverly Hills & LA Real Estate Blog
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Where Is the Housing Market Headed for the Rest of 2020?
Some Highlights: The housing market is forecasted to finish the year with growing strength. Historically low mortgage rates are creating great potential for homebuyers, and home sales are on the rise. If you’re thinking of buying or selling a home this year, let’s connect to maximize your opportunity today. Call us at 310-777-6342 if you […]
Home Sales Hit a Record-Setting Rebound. 🏡 📈
Home Sales Hit a Record-Setting Rebound With a worldwide health crisis that drove a pause in the economy this year, the housing market was greatly impacted. Many have been eagerly awaiting some bright signs of a recovery. Based on the latest Existing Home Sales Report from the National Association of Realtors (NAR), June hit a much-anticipated record-setting rebound to […]
A Remarkable Recovery For the Housing Market
For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing signs of that coming to light. With record-low mortgage rates driving high demand from potential buyers, homes are being purchased at […]
Thinking of Selling Your House? Now May be the Right Time
Thinking of Selling Your House? Now May be the Right Time Inventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for homes to purchase than there are sellers selling them, so the scale is tipped in favor of the sellers. According to the latest Existing Home […]
Beverly Hills & Los Angeles Luxury Real Estate Market Update – Real Estate News – Christophe Choo
Beverly Hills & Los Angeles Luxury Real Estate Market Update – Real Estate News – Christophe Choo Los Angeles Westside, Market Update for July 2020 Mid year review 2020 versus 2019 $40,000,000 + 5 in 2020 vs 3 in 2018 Up 67% $30,000,000 + 9 in 2020 vs 8 in 2019 Up 12% $20,000,000 + […]
Does Your Home Have What Buyers Are Looking For?
Does Your Home Have What Buyers Are Looking For? There’s great opportunity for today’s homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market. According to Javier Vivas, Director of Economic Research at realtor.com: “Sellers continue returning to the market […]
What Are Experts Saying about Home Prices?
What Are Experts Saying about Home Prices? Last week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve months. CoreLogic, in their latest Home Price Index said: “The economic downturn that started in March 2020 is predicted to cause a 6.6% drop in the HPI by May 2021, which […]
Is the Economic Recovery Already Underway?
Is the Economic Recovery Already Underway? The Wall Street Journal just released their latest monthly Survey of Economists. In an article on the findings, they reported: “The U.S. economy will be in recovery by the third quarter of this year, economists said in a survey that also concluded the labor market will fare better than previously expected following the effects […]
Is a Recession Here? Yes. Does that Mean a Housing Crash? No.
Is a Recession Here? Yes. Does that Mean a Housing Crash? No. On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way: “A recession is a significant decline in economic activity spread across the economy, […]
