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July Housing Market Update

Demand for single-family homes on the rise

Sales of existing homes rose five percent in May, signaling an improving national housing market. Employment in California continues to improve, down to 7.6 percent from 9 percent a year ago. The acceleration in job growth and the decline in the unemployment rate should boost household formations in coming years, providing a lift to demand for single-family homes.

Market Update


Roger’s Thought of the Day: July 21, 2014

Thought of the Day

“If your compassion does not include yourself, it is incomplete.” — Jack Kornfield

Thought of the Day


EwingSIR in the Media

The Los Angeles Times reports on these notable transactions by Ewing & Associates Sotheby’s International Realty

Kourtney Kardashian

Photo by Riley Jamison

Kourtney Kardashian sells ornate Oaks of Calabasas home for $2.975 million

“The black, white and brightly accented interiors by designer Jeff Andrews caught the eye of the buyers, who paid an additional $125,000 for select furnishings,” according to the Los Angeles Times.

Tomer Fridman of Ewing & Associates Sotheby’s International Realty’s Calabasas office was the listing agent.

 

Bel Air Mansion

Photo Courtesy of Karen Crystal & Nicki LaPorta

Bel Air Mansion sells for $24 million

Karen Crystal and Nicki LaPorta served as the listing agents in the transaction of this extravagant Bel Air mansion.

“Designed by Gordon B. Kaufmann and built in 1927, the American Colonial Revival home features a grand entry gallery with 14-foot arched ceilings, parquet floors, two offices, a sun room, a wet bar and a free-standing spiral staircase.

“The 1.5-acre property has terraced gardens, a swimming pool, a pool house, a guesthouse, a detached garage and a greenhouse. There are six fireplaces, six bedrooms and nine bathrooms in 12,435 square feet of living space,” according to the Los Angeles Times.


Roger’s Thought of the Day: July 17, 2014

Thought of the Day

“Life is very difficult.  How can you be anything but kind?” — Buddha
Thought of the Day


Roger’s Thought of the Day: July 16, 2014

Thought of the Day

“It takes a huge effort to free yourself from memory.” — Paul Coelho

Thought of the Day


EwingSIR Ranks in Real Trends 2013 Report

Ewing & Associates recognized nationally for sales volume.

Real Trends
Ewing & Associates Sotheby’s International Realty has earned the title of “Up and Comer” in Real Trends’  2013 rankings. Our company ranked No. 306 in the nation as measured by closed sales volume. Two hundred of the Top 500 companies were in California. Ewing & Associates ranked No. 63 in closed sales volume for California companies.

Several of our agents also made the Real Trends rankings for top realtors in the state.

Dana Olmes & Jeff Biebuyck ranked No. 65, Nicki LaPorta & Karen Crystal ranked No. 85, and Tomer Fridman earned No. 86.


Roger’s Thought of the Day: July 14, 2014

Thought of the Day

“Hope is the thing with feathers that perches in the soul.” — Emily Dickinson

Thought of the Day


How wealthy Chinese move money abroad

Laws in China limit citizens to $50,000 in foreign exchange, so how do they transfer money abroad for investment?

South China Morning Post

Photo Courtesy of South China Morning Post

The South China Morning Post reports that rich Chinese hoping to immigrate to the United States elude their country’s foreign exchange laws in a number of ways — from simple to complex. According to US Citizenship and Immigration Services, the United States is the most desirable destination for Chinese immigrants. However, to qualify for a green card via investment, applicants are required to invest at least $1,000,000 (or $500,000 in a targeted employment area). Here are some ways the Chinese have successfully transferred the funds.

1. Transfer the money to family and friends, split among as many accounts as possible.

2. Underground money changers. “A client transfers funds to the money changer’s mainland account first. Then the money changer will remit the equivalent in foreign currency to the customer’s overseas account,” according to the South China Morning Post.

3. Private banking. “Banks on the mainland help their wealthy clients open overseas accounts within the same bank. After that, they can apply for loans overseas and get foreign currency. Usually this method requires deposits of between 6 million and 10 million yuan.” (id)

4. Trade. After setting up offshore companies, owners can fake trade contacts to transfer money out.

5. Direct business investment. It is easy for foreign companies to transfer money out.

6. Marriage. Chinese who have married a foreigner can more easily transfer money out of China.

7. Traveling with cash (risky).


#TBT: Roger Ewing Supports Las Virgenes Schools at THE Event

#ThrowbackThursday: THE Event raised more than $250,000 for Las Virgenes Schools

Roger Ewing

Photo Courtesy of Calabasas Style

Ewing & Associates Sotheby’s International Realty was proud to support THE Foundation for the Las Virgenes Unified School District as a Platinum Sponsor at THE Event on June 7, 2014 at the Calabasas Tennis and Swim Center. Around 1,000 guests enjoyed THE Event’s food and wine tastings, silent auction, and musical performances. Plans for THE Event 2015 are already underway! See the 2014 photo gallery here.


Roger’s Thought of the Day: July 10, 2014

Thought of the Day

“Very often a change of self is needed more than a change of scene.” — Arthur Christopher Benson

Thought of the Day


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