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What do you think of this risqué new trend for high-end bathrooms?
New York’s elite have embraced a whole new room with a view: the bathroom. Penthouse buyers can now opt for a skyline view from a free-standing bathtub or “shower room.” Read more from Curbed.
International transactions are on the rise
Wealthy Chinese buyers are driving up US real estate prices, the National Association of Realtors (NAR) reports. According to the NAR, foreign purchases have increased by 35 percent this year, with Chinese buyers accounting for the biggest piece of the pie. Chinese buyers spent $22 billion out of the $92.2 billion total that foreign buyers have invested in US real estate.
The United States is a relatively safe investment for these buyers, and they are especially attracted to California due to existing immigrant communities. Furthermore, Chinese buyers are attractive to US brokers because they are likely to make all-cash offers. In 2014, 60 percent of international transactions were all-cash, compared to merely one-third of domestic.
A recent infographic released by the California Association of Realtors (CAR) depicts how buyer optimism has nearly doubled since 2012.
Benefits of listing during the holidays
Though many sellers are hesitant to list their home in the busy month of December, Realtor.com suggests that the holiday spirit can give home sales an extra boost. According to Realtor.com, homes decorated with Christmas trees, colorful lights, or holiday garlands tend to sell at a faster rate than plainly staged homes, as the warm ambience plays on the emotions of buyers.
Furthermore, buyers are more likely to meet a seller’s asking price while sellers are more likely to negotiate, Realtor.com reports. The spirit carries into the new year, as January is also a great time to list. With low inventory and New Year’s resolutions motivating buyers, listing in January can be a great advantage. Read more from the Business Insider.
California Board of Realtors Predicts Market Trends
The California Board of Realtors has released its predictions for the housing marketing in 2015. The forecast demonstrates an increase in median home price for the upcoming year.
“The happiness of your life depends on the quality of your thoughts.”— Marcus Aurelius Antoninus
What the world needs is a new kind of army, the army of the kind.— Cleveland Amory
The multi-talented Serena Scott Thomas of Ewing & Associates Sotheby’s International Realty will appear alongside Joaquin Phoenix and Owen Wilson in Paul Thomas Anderson’s period film Inherent Vice, in theaters December 12! The film brings together an ensemble cast including the aforementioned stars as well as Josh Brolin, Reese Witherspoon, Benicio Del Toro, Maya Rudolph, Katherine Waterston, Jena Malone and Martin Short. Watch the trailer and see Serena in Inherent Vice, playing in theaters December 12, 2014.
Serena is one half of EwingSIR real estate team Serena & Karen. We are happy to support her.
Hit the trails with your pup this weekend
Once the weekend rolls around, we Angelenos are either bound for an al fresco brunch, checking out the local farmers’ market or hitting the trails for a Sunday hike — but not without our pups by our side! Our furry friends are arguably the only thing more important than our penchant for eggs benedict and locally grown kale. But what are the best spots in your neighborhood to take your dog? Curbed LA maps the top 10 dog parks in Los Angeles for all kinds of dogs and the humans who love them. What are your favorite places to take your pooch? Let us know in a comment below!
- Alice’s Dog Park, Pasadena
- Arts District Dog Park, Downtown
- The Bone Yard, Culver City
- Griffith Park Dog Park
- Lake Hollywood Park
- Laurel Canyon Dog Park, Studio City
- Rosie’s Dog Beach, Long Beach
- Runyon Canyon Park
- Sepulveda Basin Off-Leash Dog Park, Van Nuys
- Silver Lake Dog Park, Silver Lake
Don’t hold together what must fall apart. The familiar life crumbles so the new life can begin.— Bryant McGill