Thursday, July 28, 2016

Food is ruling retail real estate, and food trucks are moving in

For the first time nearly two decades, restaurant sales surpassed supermarket sales last year. The turnaround is now showing up in retail real estate, as landlords seek to not only profit from the new normal, but reinvent the now-suffering retail mall. E-commerce may be driving consumers away from shopping centers, but food is pulling them back in.
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Tuesday, July 26, 2016

Average US 30-Year Mortgage Rate Rises to 3.45 Percent

ortgage giant Freddie Mac said Thursday the average for the benchmark 30-year fixed-rate mortgage rose to 3.45 percent from 3.42 percent last week. The average rate is down sharply from 4.04 percent a year ago.
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Monday, July 25, 2016

This colorful wallpaper really makes this bathroom pop!


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Get a FREE - NO obligation Instant Home Valuation

ATTENTION LOS ANGELES COUNTY Luxury Home Owners! Do you know how much your home is really worth? It may surprise, even shock you.
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Sunday, July 24, 2016

As international billionaires get nervous, sales in L.A.'s ultra-luxury housing market slow

Cooling market for the most expensive homes is costing hotel and casino magnate Steve Wynn some money. Two years ago, Wynn paid $16.25 million for an 11,000-square-foot mansion perched on nearly an acre above the Bel-Air Country Club. Less than a year later, he sought to unload the home with a paneled library and staff bedroom for $20 million. No luck. Then he tried $17.45 million. No luck again. In May, Wynn dropped his price to $15.95 million, $300,000 less than what he paid for the property in 2014. The home went into escrow “very close” to that price last month, said Coldwell Banker agent Mary Swanson, who confirmed Wynn would be taking a loss. It’s not just Wynn who isn’t getting as much money as he hoped. Off-market action heats up L.A. County's top home sales Off-market action heats up L.A. County's top home sales Even before Britain’s vote last week to leave the European Union jolted investors worldwide, there were reports of a slowdown in the ultra-luxury housing market. In Los Angeles, agents were seeing more price cuts. Condo sales on New York’s Billionaires’ Row were slowing. Luxury developers shelved projects in Miami. And prices at the tip-top end of the London market were on their way down.
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