by Editorial Team | Oct 31, 2020 | Jeff Yarbrough Group
In late October each year, The California Assoc. of Realtors (C.A.R.) releases their predictions for the following year. After gathering data and crunching numbers, here are their thoughts on 2021… C.A.R.’s forecast points towards a modest increase in existing...
by Editorial Team | Oct 24, 2020 | Jeff Yarbrough Group
Mortgage applications to buy homes fell by 2% last week from the week prior, according to the Mortgage Bankers Association (MBA). The MBA metric, known as the purchase index, was still up year-over-year, making it the 21st week the index has posted annual growth. But...
by Editorial Team | Oct 3, 2020 | Jeff Yarbrough Group
Stand and be counted, Counties! As another pandemic-related milestone dominates the headlines, SoCal’s home prices are garnering attention, too. Our 6-county region’s median price reached $600,000 in August, up 12.1% from a year earlier, according to data released...
by Editorial Team | Sep 19, 2020 | Jeff Yarbrough Group
While California made huge strides in 2017 with favorable Accessory Dwelling Unit (ADU) legislation, a new series of state bills, signed into law by Gov. Newsom in early 2020 further lowered barriers to creating ADUs, a.k.a. Granny Flats or garage conversions. Here...
by Editorial Team | Sep 11, 2020 | Jeff Yarbrough Group
Since this weekend is setting temperature records, you might want to increase the heat quotient by socially-distancing your way to Muscle Beach in Venice, which dates back to the 1930s when L.A.’s Works Progress Administration installed exercise equipment...
by Editorial Team | Jul 18, 2020 | Jeff Yarbrough Group
Many notable deals we handle (including a couple this week not mentioned in this newsletter) are with notable people. We sign non-disclosure agreements and try to keep their big-ticket purchases out of the papers. But over 25 people touch each escrow we close, and if...
by Editorial Team | Jun 13, 2020 | Jeff Yarbrough Group
LendingTree, an online lending source, found that 53% of home buyers are more likely to buy a home in the next year, due to the coronavirus outbreak. This is especially true for first-time home buyers (73%) and millennials (66%). For all buyers who are planning to...
by Editorial Team | May 26, 2020 | Jeff Yarbrough Group
Fewer homes sold last month across The Southland, but the Coronavirus pandemic didn’t bring Southern California’s prices down. According to an article just out in the L.A. Times, sales dropped 35% month-over-month in L.A. County—more than any other SoCal county—but...
by Editorial Team | May 8, 2020 | Jeff Yarbrough Group
In case you were worried about them, the ultra-rich are still buying homes. In March and April combined, L.A. County recorded 82 home sales of $5,000,000 or more, including 14 transactions north of $10M. In the same period of 2019, 85 residential sales of $5M or...
by Editorial Team | Apr 25, 2020 | Jeff Yarbrough Group
I took time over the last couple of weeks to shoot and add virtual tours to my property listings that were without them; apparently, an effort not in vain. According to the National Association of Realtors, 25% of Realtors with buyers who wrote contracts on homes this...
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