Blog - Archive for February, 2012

2006 Chariton, Reinvented

February 19th, 2012

We are on the market and ready for offers priced at $450,000. This wonderful property located in an urban, vibrant setting boasts the following features:

  • Large deep back yard
  • Two car garage
  • Gated, secure driveway
  • New concrete driveway
  • Air conditioning
  • Bamboo Floors
  • Dual pane windows
  • Updated electrical
  • Rooms wired for Internet and Plasma TV
  • All copper plumbing
  • Designing Lighting
  • Architecturally designed front yard
  • New Kitchen and Baths
  • Stainless Steel Appliances
  • Easy Access to large attic space
  • Fully fenced yard

And the details go on in the use of excellent materials such as limestone, marble, designer tile…Enjoy the indoor outdoor lifestyle for the price of a condominium. Call Paul Cruz, Keller Williams Realty 310-498-4942, LAmetroHome.com for a private showing. Inquire about other projects under construction.

 

 

 

 

 

 

How much home can you afford?

February 15th, 2012

” Home buyer need to earn a minimum annual income of $57,750 to qualify for the purchase of a $282.350 home”

For release:
Feb. 9, 2012

California housing affordability improves, matching previous record high, C.A.R. reports

LOS ANGELES (Feb. 9) – California’s housing affordability rose to its highest level in fourth-quarter 2011, matching a record high set in 2009, thanks to lower home prices and record-low interest rates, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California rose to 55 percent in the fourth quarter of 2011, up from 52 percent in third-quarter 2011 and from 50 percent in the fourth quarter of 2010, according to C.A.R.’s Traditional Housing Affordability Index (HAI).  The index was the highest since C.A.R. began tracking this statistic in 1988, and equaled a high set in first-quarter 2009.

C.A.R.’s HAI measures the percentage of all households that can afford to purchase a median-priced, single-family home in California.  C.A.R. also reports affordability indices for regions and select counties within the state.  The Index is considered the most fundamental measure of housing well-being for home buyers in the state.

Home buyers needed to earn a minimum annual income of $57,750 to qualify for the purchase of a $282,350 statewide median-priced, existing single-family home in the fourth quarter of 2011.  The monthly payment, including taxes and insurance on a 30-year fixed-rate loan, would be $1,440, assuming a 20 percent down payment and an effective composite interest rate of 4.31 percent.  The effective composite interest rate in third-quarter 2011 was 4.63 percent and 4.62 percent in the fourth quarter of 2010.

In the San Francisco Bay Area, housing affordability rose in most counties except San Francisco and San Mateo counties, where it was unchanged, primarily due to home price increases in those counties.  At 78 percent, San Bernardino County was the most affordable, while San Francisco County was the least affordable, with only 26 percent of households able to purchase the county’s median-priced home.

Visit http://www.car.org/marketdata/data/haitraditional/ to see C.A.R.’s historical housing affordability data.  For first-time buyer housing affordability data, visit http://www.car.org/marketdata/data/ftbhai/.

Leading the way…® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with more than 160,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

2002/ 2006 Chariton Renovations Update

February 1st, 2012

2006 Chariton

2002 Chariton

We are almost to the finish line on the renovation of 2006 Chariton, Beverlywood Ca. With all the hard work done the detailing is now coming together. You can already see the transformation taking place with the brand new flooring and tile that is installed. The crew is working tirelessly to get all work completed. Work has now commenced on  2002 Chariton (the house next door.) 2006 Chariton should be ready to show in the next two weeks or sooner, stay tuned. 2002 may take a little longer. If you have already registered we will be in touch for your sneak peek of the finished product. If you have not registered it is not too late. It’s easy to 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. Not to worry your e-mail information will not be sold or traded.