News & Video

News
Video

Roger’s Thought of the Day: Sept. 15, 2014

Thought of the Day

“You’ll meet more angels on a winding path than a straight one.” — Terri Guillemets
54bd978386da23cf1ec13d0da5aa2840


Roger’s Thought of the Day: Sept. 12, 2014

Thought of the Day

“Do all the good you can and make as little fuss about it as possible.” — Charles Dickens
a692e52419bc7c4219bebed1d8036373


Roger’s Thought of the Day: Sept. 11, 2014

“Compassion is the radicalism of our time” — Dalai Lama

74b11ced9f44c81011e7129cc4d78053

p5rn7vb


Roger’s Thought of the Day: Sept. 5, 2014

Thought of the Day

The best advice I’ve ever received is, “No one else knows what they’re doing either.” — Ricky Gervais
7bc5d1158358a90e9f1b667fae0f278a


Roger’s Thought of the Day: Sept. 3, 2014

“Taking time to do nothing often brings everything into perspective.” — Doe Zantamata
693bab81b7e7e1e9a1cdf321f6038b6f


Wings Over Wendy’s: Looking back, moving forward

Roger Ewing & Cindy Libonati visit veterans at Wings Over Wendy’s in West Hills

“When you lose a veteran, you lose a library,” Barney Leone said.

Leone is an 89-year-old veteran of the U.S. Navy who served in World War II. Every Monday, rain or shine, the West Hills resident joins around 50 other veterans for breakfast at the Wendy’s restaurant on Platt and Victory Boulevard to share friendship and stories of their service past. Art Sherman, 92, serves as the leader of the troupe, known as Wings over Wendy’s.

The room is filled with such warmth and camaraderie that one forgets the gathering takes place inside a fast food restaurant. On August 25, Sherman invited Ewing & Associates Broker/Owner Roger Ewing and Estate Agent Cindy Libonati to visit the weekly meeting.

Veterans and guests were joined by Los Angeles City Councilmember for the 3rd Council District Bob Blumenfield, who serves neighborhoods of the West Valley where many Wings Over Wendy’s members live. Blumenfield discussed his current goals and projects, and opened the floor for the vets to weigh in on issues such as senior citizen care, the revitalization of the West Valley and the drought. Blumenfield is known as a loud proponent of “Warner Center 2035,” a plan to revitalize the 1,000 square acre commercial and residential community in Woodland Hills. While the plan will more than double the amount of residential units (from 9,000 to 20,000), the denser community will encourage car-free travel and is being promoted as a future pedestrian hub. The council member presented Wings Over Wendy’s with a plaque recognizing their contribution to the community, and welcomed the members to visit his office with concerns that arise in the future.

In addition to the council member’s visit, the veterans enjoyed a weekly raffle and updated one another on future events. Many of them speak at local schools, teaching students about World War II through first-hand accounts.

“I think a lot of people are not fully aware of or remember World War II,” Leone said. “Now, there are so few of us veterans left, and about 1,000 die every day. So, before we all pass away, we have stories that no one else can tell but us, from actual experience. I think they should be told now,” Leone told the Daily News.

Wings Over Wendy's

Roger Ewing and Cindy Libonati with Art Sherman.

 


Roger’s Thought of the Day: August 28, 2014

Thought of the Day

“The world is big and I want to have a good look at it before it gets dark.” — John Muir
Thought of the Day


Roger’s Thought of the Day: August 27, 2014

Thought of the Day

“Be careful who you call your friends. I’d rather have 4 quarters, than 100 pennies.” — Xuan Ta

Curious Josh, Burning Man 2013

Photo Courtesy of Curious Josh, Burning Man 2013


September Market Update

Real Estate Market Update by Roger Ewing

rogerIf you have not yet heard about it, you soon will.  July sales transactions in Southern California were dramatically down this year compared to last.  According to the California Association of Realtors, sales of existing homes were down as much as 30 percent or more.  What does this mean to you?  Not much.

Fundamentals for a robust real estate market are firmly in place.  Employment in the Golden State is up.  Interest rates are at all time lows and holding steady.  As a result of significant price increases last year, the affordability index has taken a hit. However, affordability does not stop people from buying homes. Affordability only causes buyers to change their expectations about how much home they will purchase.

My company sells homes in upscale neighborhoods throughout the San Ferndando and Conejo Valleys as well as the West Side of Los Angeles. I witnessed significantly reduced sales activity in July. Everyone is asking why.

Here are my observations:

  1. We are in the midst of a recovering real estate market. There will be minor corrections. The road to recovery is never a straight line. We are in one of these minor corrections now.
  2. The wars in Israel and the Ukraine have a sobering effect on Americans. I don’t believe Americans like uncertainty. These wars are disconcerting and cause homebuyers and sellers to pause.
  3. Schools in our market began their fall sessions earlier in the year. Therefore, vacation time was in July rather than August. After the Great Recession, with employment on the rebound, families took long-awaited vacations en masse.

The residential resale market will be back in late August and we will see our usual seasonal sales activity between now and Thanksgiving. The sky is not falling.  What we do know is that, in the long term, prices and interest rates are heading upwards.  Now, when the press is negative and buyers are on the sidelines, is the very best time to consider purchasing a home in Southern California.


Roger’s Thought of the Day: August 22, 2014

Thought of the Day

“Doubt kills more dreams than failure ever will.” — Suzy Kassem 
Thought of the Day


Loading videos...