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The California Association of Realtors predicts an increase in sales, but improvement will be limited by amount of homes and high prices
C.A.R. predicts that home sales will increase in 2016, but that it could be limited by lack of inventory and continuing high prices. The forecast sees an increase in existing home sales by 6.3 percent in 2016 to reach 433,000 units. The projected home sales for 2015 was 407,500.
The growth of the median price for homes is projected to slightly limit the sales increase. The median price of a home in California is predicted to rise by 3.2 percent next year.
Areas where there’s a shortage of inventory will be more limited, as competition is tougher and the high prices remain. However, in less expensive areas there will be a stronger demand for homes due to solid job growth and favorable interest rates.
Overall, the California housing market will remain strong going into 2016 and the state will continue to be the nation’s leader in job and economic growth.
Where is the inventory? With fewer and fewer homes for sale, that’s the question real estate professionals are asking themselves now. Mortgage rates remain at historic lows and unemployment is falling lower nearly every month. So, why aren’t homeowners selling? Read More
The school parcel tax, Measure E, passed with 78 percent of the votes in Tuesday’s elections
The $98 annual parcel tax that helps pay for teacher salaries and extracurricular programs such as art, music and sports passed after receiving more than the required two-thirds of voter approval. Read More
EwingSIR’s Westlake Village estate is featured as one of the priciest weekly L.A. property sales
LA Times featured 1101 Oak Mirage Place, an Italian village-inspired estate in Westlake Village, as one of the “priciest weekly L.A. sales.” The house hit the market in May and recently sold for around $6 million. Read More
Measure E parcel tax extension support seems to be strong as November 3. is approaching
Recent polling and phone banking numbers show that there is a strong support for Measure E within the community. According to Debbie Lopez, Measure E campaign chair , Measure E is expected to receive far more than the required votes to pass. Read More
The LA Times featured EwingSIR’s french formal Thousand Oaks estate as their Home of The Day. 2500 White Stallion Rd stretches across 23 acres and has drawn great inspiration from European culture. The grounds are a showcase of elegance and grace covered with red and soft white begonias, limestone walkways lined by magnolia trees, magnificent hand carved French limestone fountains and planters, and a variety of exquisite parterres inspired by the Gardens of Versailles. Read More
Sotheby’s International Realty has partnered with Apple to be their exclusive source for real estate news
Sotheby’s is 1 out of 20 exclusive advertising partners, and the only real estate company, on Apple’s own news app. Read More
Agoura Hills Mayor And Chair of Agoura Hills Planning Commission Visit Ewing & Associates’ Local Office
Illece Buckley Weber, Mayor of Agoura Hills, and Linda Northrup, Chair of Agoura Hills Planning Commission, came to speak at Ewing & Associates’ weekly meeting
Our Agoura Hills office had the pleasure of welcoming Mayor of Agoura Hills, Illece Buckley Weber, and Chair of Agoura Hills Planning Commission, Linda Northrup, to speak at our weekly meeting. They shared with us the current state of the City of Agoura Hills and, in light of Mayor Weber’s run for re-election and Northrup’s run for City Council, what the future holds for the city. Weber thinks that, although she has a great amount of accomplishments since entering the office, there’s still work to be done and she feels her time is not up yet. Read More
An overview of the recently opened The Village at Topanga
The Village at Topanga is The Valley’s new outdoor shopping and entertainment center, and the new place to be for people of all ages. The center has a multitude of stores, restaurants and shops that will satisfy all your needs and wants, and it resembles a community more than a mall with its park-like surroundings and open-air walkways. It’s located directly across from Westfield Topanga connected by trolley-services. Read More