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April 10, 2009
| posted by:
Property prices are depressed. Median sales price in Los Angeles County stands now as of April 2009 at $299,000 down from its peak of $588,000 in May of 2007... More
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Feds seize WAMU
September 26, 2008
| posted by:
Andrew C Maleski
Wall Street financial woe continues.
Washington Mutual Inc. was seized yesterday afternoon by federal regulators, with most of the deposits and assets sold to JP Morgan Chase... More
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Home prices we haven't seen since spring of 2004
June 24, 2008
| posted by:
Andrew C Maleski
The median price for a Los Angeles County homes stood at $ 232,000 in May of 2001. In May of 2007 it reached all time high of $ 585,000... More
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Foreclosure train is coming to a location near you.
May 22, 2008
| posted by:
Andrew C Maleski
There is one on my street. There is probably one around the corner from your house. Foreclosure disease is spreading fast, especially on the lower end of the housing market... More
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Buyers market is back
March 5, 2008
| posted by:
Andrew C Maleski
Spring sun is out again and the Hollywood writers are back at work. The primary election campaign is in full swing and usually the economy does well in the election year... More
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Recession proof house
January 15, 2008
| posted by:
With the sluggish economy and eroding housing values potential home buyers are hesitant to enter the real estate market these days due to fear of loosing their investment... More
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Happy Holidays
December 14, 2007
| posted by:
Andrew Maleski
Our local real estate market is experiencing accelerated slowdown. In November in the Silver Lake and Echo Park areas there were 13 active sellers for every home buyer... More
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Which way is the wind blowing?
November 8, 2007
| posted by:
Andrew C Maleski
There is a lot of confusion these days about the direction of our economy. Every day you can find conflicting news reports and numerous articles by financial gurus pointing in the opposite directions... More
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Did the Fed get it right ?
September 19, 2007
| posted by:
Andrew C Maleski
As you have probably heard on September 18, the Federal Reserve cut the federal funds rate (the rate banks charge to loan funds to one another overnight) from 5... More
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The Harder it Gets, the Closer We are to the Bottom
August 14, 2007
| posted by:
Andrew C Maleski
It has been a rough year for anyone in real estate. Sales are down, prices are softer, and real estate is no longer the main topic of social gatherings... More
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