Blog - Archive for December, 2011

Have we reached the bottom?

December 27th, 2011

Have we reached the bottom? There are some positive indicators but are they enough to get folks in the buying mood and will money be any easier to get? The following was taken from an article by Lawrence Yun, National Association of Realtors Chief Economist. You can read the full article, Good Signs for the New Year by following this link http://www.realtor.org/research/reinsights/economistcommentary?cid=WR12212011:37509&ed_rid=2598311

Mr. Yun makes four good points and illustrates how rising costs in the future compare to a mortgage secured today.

First, existing home inventory has been trending downward consistently.

Second, rents are rising and rent increases accelerating.

Third, jobs are being added to the economy.

Fourth, mortgage rates are too low to pass up.

He goes on to ask  and adds – What will happen over the next 30 years? If the cost of some of the above consumer items rises at a similar pace as in the past 30 years, then gasoline prices will run around $9 per gallon while the $20,000 college tuition of today will reach $140,000 per year. But one item which the consumer will not pay a nickel more is on their monthly mortgage payment. At the current median home price and current mortgage rate, the monthly mortgage payment would be fixed at $698 per month for the next 30 years. At the same time, home values likely will have tripled.

http://www.realtor.org/research/reinsights/economistcommentary?cid=WR12212011:37509&ed_rid=2598311

Paul Cruz

2002/ 2006 Chariton Renovations Update

December 16th, 2011

Renovations underway at 2002/ 2006 Chariton, Beverlywood Ca. Rain or shine the crew is busy at work sprucing up 2006 Chariton (pictured above). Their focus will shift back to 2002 Chariton (the house next door) once 2006 is complete. This is a unique side-by-side project, both homes sit directly next to each other.  You can buy both to rent out for income, or live in one and rent out the other or have the mother in law move in next door, be one big cozy family. The possibilities are many and now is the time to start planning. Buying a home in today’s market can be very challenging, it’s more important then ever to work with an experienced agent and loan broker or direct lender. Contact us at LAmetroHome.com to see how we can help. We have worked with many lenders, you will have the opportunity to interview them and find the right fit. See how they can best support you in the process of applying and securing a home loan approval. We are moving fast on completing renovations. Stay ahead of the curve, find out today if you qualify to buy and how much you can afford. One or both of these homes could be your dream house so why miss out to someone who is more prepared. You can also register today for a sneak peek of the homes once renovations are complete. It’s easy go to LAmetroHome.com and Select REGISTER TO WIN. Follow instructions by clicking on the Contact button in the text and send us your e-mail. You will automatically be entered to win a prize and be registered for a sneak peek of the properties before they go on market. Start receiving regular updates of their progress sent directly to your e-mail address. Not to worry your e-mail information will not be sold or traded.

Renovations Underway, Register to Win

December 9th, 2011

Renovations underway at 2002/ 2006 Chariton, Beverlywood Ca., the crew is working quickly at the transformation of these two homes. We will be posting pictures of the properties as they are transformed, like the pictures above, but for these itching to see what is going on inside sorry for the wait. You can, however, register for a sneak peek of the homes once the renovations are complete. It’s easy to register go to L.A Metrohome LAmetroHome.com and Select REGISTER TO WIN. Follow instructions by clicking on the Contact button in the text and send us your e-mail. You will automatically be entered to win a prize and be registered for a sneak peek of the properties before they go on market. Start receiving regular updates of their progress sent directly to your e-mail address. Not to worry your e-mail information will not be sold or traded. To read the previous Blog on these properties copy this link to your browser, http://www.lametrohome.com/lmhblog/2011/12/06/renovations-underway-register-to-win/. You can also follow us on Twitter www.twitter.com/paulcruzmetrohm and be our friend on Facebook http://www.facebook.com/#!/PCLAmetroHome. We would love to hear from you. L.A. Metrohome is your resource in navigating through today’s Real Estate market. Contact us today for all of your Real Estate needs.

Renovations Underway, Register to Win

December 6th, 2011

2002 Chariton St.

2006 Chariton St.

Great opportunity to buy in Westside adjacent location, these two homes, undergoing renovations, sit side by side on large individual lots and have been boarded up for some time, a big eyesore to the community. The new owner has decided to renovate the homes.  I have seen their work before it is quality with focus on a simple clean monochromatic and contemporary aesthetic. These are sure to be beautiful when completed. The homes are located near the 10 freeway a straight shot to Downtown or to the Beach. They are also adjacent to La Cienega Blvd a mayor artery to West Hollywood and Beverly Hills. You can get anywhere fast from this Beverlywood location even L.A International Airport. Because the houses sit side by side they offer a unique opportunity for family or friends who want to live close to each other. Or, if you can buy both on your own, consider living in one and renting out the other for income. They a short block from shopping, restaurants, and for that workout enthusiast, even walking distance to the gym. How many bedrooms, bathrooms and parking you ask? Sorry to have you wait but work has only begun on these properties and those details are forthcoming.  To receive regular updates and to register to win a prize (prize to be announced and no you do not win the house(s) for free :)) go to L.A Metrohome LAmetroHome.com and Select REGISTER TO WIN. Follow instructions by clicking on the Contact button in the text and send us your e-mail. You will automatically be entered to win a prize and be registered for a sneak peek of the properties before they are on market. More details to follow and help us spread the word we would love to hear from you.