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Is L.A. the Next Detroit?

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Is L.A. the Next Detroit? By Octavio Nuiry   According to the latest UCLA Anderson School of Management study, Los Angeles, Detroit and Cleveland share the dubious distinction of cities with the weakest job growth since 1990. The researchers at UCLA say Los Angeles has lost 3.1 percent of its employment base since 1990, more than Detroit (-2.8 percent) and ... Read More »

What’s Wrong With This Picture?

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  April is supposed to be the month that real estate agents’ phones ring off the hooks, yard signs sprout like dandelions, buyers line up for showings and offers fall from the sky like cherry blossom petals. Above all, this was to be the spring season when at last all the stars were properly aligned in the real estate galaxy ... Read More »

Will this be a Spring for Happy Dancing?

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Six months ago all the stars were aligned for a spring market that would take America’s housing recovery to new levels and perhaps the rest of the national economy with it. Since then too many things have gone wrong take for granted another good year.  First, inventories dragged, failing to replenish at a healthy rate through most of the winter ... Read More »

Who Should be Cheering for Falling FICO Scores?

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One third—33% of closed loans—had an average FICO score of less than 700 compared to 24% one year ago, yet another sign that lending standard are easing.  Or are they? According to Ellie Mae’s latest monthly origination report, great progress is being made in reducing the average FICO score to give more average American families a shot at a mortgage, ... Read More »

Consumer Confidence Hits High Gear

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Consumer confidence, led by high hopes for the housing markets, has recovered from its doubts in the wake of the government shutdown last fall and is starting the new year on a tear. Two weeks ago economists at the Conference Board forecasted that for the year as a whole growth will accelerate markedly to 2.9% in 2014 from the subdued ... Read More »

Sweet Spots

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By Charlie Young, President and CEO of ERA Real Estate                                                                                                     ... Read More »

Why 2013 Might be Housing’s Best Year Ever

After nearly a decade of disaster that reached levels of despair not seen since the Great Depression., the year ending today was more than a turnaround year. Within its short life, it changed housing from a liability to an asset so favorable that it had to power to take the rest of the nation's economy along for its ride upward, in the eyes of the Bernankes and Obamas. Read More »

Four Big Things in Real Estate That WONT Happen in 2014

If your inbox is like mine, it's chock full of predictions and forecasts for 2014. If recent history is any guide, a sizable percentage of them won't come true-perhaps that's a result of living in extraordinary times. However, here are some things that you can be certain won't happen again in the year ahead. Read More »

Does Immigration Raise Home Prices?

Advocates of immigration reform argue it will build housing demand and invigorate home prices, but the jury is still out as to just how much of an impact increased Immigration will have on future housing demand. Read More »