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Freddie Mac: 2015 best year for home sales in 8 years

2015 housing market forecast looks positive

Photo courtesy of Housing Wire

Photo courtesy of Housing Wire

Freddie Mac estimates that 40 percent of all home sales in 2015 will take place between now and June, according to an article published in Housing Wire.

According to Freddie Mac, here are the factors contributing to the optimism:

1. High Affordability – 80 percent of U.S. metro markets are considered “affordable,” based on the house prices, interest rates and income data from the 4th quarter of 2014.

2. Improving Labor Markets – The U.S. economy has added nearly 3.3 million jobs since February 2014.

3. Rising Rents

4. Expanded Credit Availability


Roger’s Thought of the Day: March 13, 2015

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“Spectacular achievement is always preceded by unspectacular preparation.”

— Robert H. Schuller


March Market Update by Roger Ewing

rogerHousing will surprise this year.  After a slow second half in 2014, housing is poised to rebound handsomely in 2015.  There are three powerful forces in play that will affect the outcome for real estate this year.

First, as of January the Unemployment Rate in California dropped to 6.9%.  Unemployment in the Golden State has not been below 7% since May 2008.  Not surprisingly, information technology posted the largest increase.  Full employment coincides with a healthy real estate market.

Second, interest rates continue to hover at or near historical lows thereby influencing Housing Affordability in a very positive way.  According to Wells Fargo Economics Group, Affordability hit its highest level in eight months and loan officers report qualification standards for mortgage borrowers are continuing to ease.   However, these low rates won’t last for long. As the recovery continues to gain steam, rates will rise later in the year.

Third, the California Association of Realtors states that distressed sales now represent a more historical percentage of all home sales.  Fewer homeowners are in a negative equity position and this should help revive the move up market that for the most part has been absent from this recovery.

The positives definitely now outweigh the negatives in this real estate market. Our housing outlook in 2015 is for low interest rates, improved mortgage qualification guidelines, gradually increasing prices and more move up buyers.


Roger’s Thought of the Day: March 5, 2015

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“It’s a funny thing about life, if you refuse to accept anything but the best, you very often get it.”

— Somerset Maugham


Roger’s Thought of the Day: March 4, 2015

“Thinking is difficult, that’s why most people judge.” — Carl Jung

 


Calabasas High School presents ‘Funny Girl’ the musical

High school theater students perform spring musical, opening March 17

Calabasas High School’s theater students are preparing for the opening of this year’s spring musical, “Funny Girl,” which will run for three performances this month. The curtains rise at 7 p.m. on Tuesday, March 17 and Friday, March 20. The students will put on two additional performances on Saturday, March 21 at 2 p.m. and 7 p.m. at the Calabasas High School Performing Arts Education Center.

Photo courtesy of CHS Theater

Photo courtesy of CHS Theater

“‘Funny Girl’ will sweep you off your feet with big laughs, grand spectacle, and great talent,” the theater department said in its newsletter.

According to Calabasas High School theater department’s website, “Funny Girl follows the life of Fanny Brice, an aspiring Broadway actress. She starts off the show as the ‘ugly duckling’ struggling to find work on Broadway. Then, with the help of her dance instructor, Eddie, she lands a leading role and eventually becomes a major star. Meanwhile, she tries to keep her love life with a handsome gambler, Nick Arnstein, from falling apart and destroying her career. Don’t miss this classical musical that originally helped bring Barbra Streisand to fame.”

Tickets are available for purchase at www.chstheater.com.


‘Clean-up the creek’ this Saturday, March 7

Join in cleaning up Malibu Creek this Saturday, March 7

Photo Courtesy of Trip Advisor

Photo Courtesy of Trip Advisor

The City of Calabasas is hosting a day of environmentally-conscious community service. Participants are invited to meet at Lost Hills Road at the A.E. Wright Foot Bridge on Saturday, March 7. The cleaning will take place from 9 a.m. to 11 a.m. Garbage bags and gloves will be provided. Remember to bring sunscreen and shoes that can get wet! Learn more at the City of Calabasas or call City Hall at (818) 224-1600.


Las Virgenes Unified School District needs your input!

The Las Virgenes Unified School District (LVUSD) needs your insight to plan its ‘Next 50 Years’

LVUSD recently celebrated its 50 year anniversary. With only 50 years under its belt, it ranks among the best school districts in the state. The school district now seeks the support of the community as it plans the next 50 years. EwingSIR invites you to participate in the LVUSD Next 50 Years Survey.

Click here to share your thoughts on Las Virgenes schools and watch the video below for more information.


Las Virgenes Unified School District needs your input!

The Las Virgenes Unified School District (LVUSD) needs your insight to plan its ‘Next 50 Years’

LVUSD recently celebrated its 50 year anniversary. With only 50 years under its belt, it ranks among the best school districts in the state. The school district now seeks the support of the community as it plans the next 50 years. EwingSIR invites you to participate in the LVUSD Next 50 Years Survey.

Click here to share your thoughts on Las Virgenes schools and watch the video below for more information.


Fabulous Old Agoura horse property open this weekend

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Tara Rose & Sam Pompeo host an open house at 28426 Foothill Drive, Agoura Hills on Sunday, March 1 from 1 p.m. to 4 p.m.

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Come see this old Agoura horse property surrounded by multi- million dollar homes. This is the last sub-dividable equestrian property in prestigious Old Agoura on Foothill Dr. The lot is 1.59 acres with space for up to 12 horses. The existing barn has two spacious paddocks. There is room for a small arena. The park like setting includes numerous shade, citrus and fruit trees, a shop and playhouse. Two gates and circular driveway allow easy access for horse trailer and/or RV. It is located three blocks from an equestrian park and adjacent to Chesebro National Recreation area with miles of trails. There is plenty of additional space to make this special place all your own. The well built and maintained spacious open concept home offers five bedrooms and three baths and an abundance of natural light. The expansive living room has a large heatilitor fireplace with Franklin stove inset. The house and yard have unrestricted views of the spectacular Santa Monica Mountains. Country living with afternoon breezes, just minutes from local shopping and located in an award winning school district. Opportunities like this don?t come along everyday. Call Tara or Sam today for your private showing, or come check it out at the open house on Sunday.


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