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May 17, 2013 – Bentley Home Collection

Bentley has partnered with luxury furniture maker Club House Italia and architect Carlo Columbo for the development of its new Bentley Home Collection. The new collection will combine traditional elements in contemporary contexts to enhance today’s residential, commercial and executive office interiors. Stefan Buescher, Director of Product and Marketing, Bentley Motors, said: For more than Read More

May 15, 2013 – Builder Confidence increases in May

The National Association of Home Builders (NAHB) reported the housing market index (HMI) increased 3 points in May to 44. Any number under 50 indicates that more builders view sales conditions as poor than good. From the NAHB: Builder Confidence Improves in May:Builder confidence in the market for newly built, single-family homes improved three points Read More

May 10, 2013 – Coastal Market Update – Laguna Beach

The median list price in Laguna Beach this week is $2,597,000Inventory is up, and market action is trending down recently. While days on market appear to be trending lower, the overall conditions are weakening a bit. Supply and DemandThe Market Action Index has been trending lower for several weeks, while prices have remained relatively stable. PriceIn the Read More

May 6, 2013 – Rent Pat Riley’s Malibu Beach House

With the Miami Heat’s quest to repeat as NBA Champions ongoing, team president Pat Riley is taking a moment to handle some personal business off the court: he’s looking for someone to rent his Malibu beach house. The leasing of his Malibu estate has become an annual even for Riley, who looked to bank $35,000-a-month Read More

May 3, 2013 – Coastal Market Update – Newport Coast

The median list price in Newport Coast this week is $3,996,000. Demand measured by the Market Action Index is increasing, and days on market are trending downward. Even as more properties come available, these are positive trends for the market.   Supply and Demand Home sales have been exceeding new inventory for several weeks. Since Read More

May 2, 2013 – How 30-Year Mortgages Saved the Housing Market

In most of the world, homeownership isn’t seen as a natural step in the progress toward responsible adulthood. Outside the U.S., mortgages are for small amounts, for shorter times, and have adjustable interest rates. The popular U.S. 30-year mortgage with a fixed rate, which makes possible low monthly payments and a more certain future, is Read More

April 30, 2013 – Coastal Market Update – Corona del Mar

The median list price in Corona del Mar this week is $2,950,000. Inventory is tightening, and days on market are falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices. Supply and DemandThe market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long Read More

April 23, 2013 – Wall Street betting billions on single-family homes

Big investors are pouring unprecedented amounts of money into real estate hard hit by the housing crash, bringing those moribund markets back to life but raising the prospect of another Wall Street-fueled bubble that won’t be sustainable. Drawn by the prospect of double-figure profit margins on rents and the resale of homes whose prices plummeted Read More

April 17, 2013 – Fed Says ‘Moderate’ Growth Across U.S. Was Led by Housing

The Federal Reserve said the U.S. economic expansion remained “moderate” amid gains in manufacturing, housing and autos that offset weakness in defense-related industries in some regions. “Most districts noted increases in manufacturing activity since the previous report,” the central bank said today in its Beige Book business survey, which is based on reports from the Read More

April 10, 2013 – Economist Quashes Housing Bubble Rumors

Recently, rumblings of another housing bubble have been emerging, but one economist says with inventories expected to rise soon, the housing market is not at threat. Rick Sharga, executive vice president with Carrington Mortgage Holdings, told a crowd at the REOMAC 2013 Summit & Expo in Dallas on Monday that the housing market should expect Read More

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