The Beverly Hills Real Estate blog Wednesday 03-10-10

     

PLEASE “E-MAIL” US AT MRPK1@PACBELL.NET IF YOU NEED IMMEIDATE ASSISTANCE BUYING OR SELLING

     

Welcome to the written blog and check out our daily video joke and blog which is posted around noon time on  www.paraquatkelley.com  Click on podcasts in upper right corner.  http://screencast.com/t/ZmE4ZTU3Y

     

Kobe scores at buzzer as Lakers win. Clippers fire coach and former Dodger great Willie Davis dies.  What joy he brought Dodger fans over the years.

     

Wednesday already and great weather again and perhaps for the rest of the week.

     

     
• Today: Sunny. High 64F. Winds WNW at 10 to 20 mph.
       
• Tonight: Mainly clear skies. Low 44F. Winds N at 10 to 15 mph.
       
• Tomorrow: Mainly sunny. High 69F. Winds NNW at 5 to 10 mph.
       
• Tomorrow night: Clear skies. Low 48F. Winds light and variable.
       
• Friday: Abundant sunshine. Highs in the low 70s and lows in the low 50s.
       
• Saturday: Plenty of sun. Highs in the upper 60s and lows in the low 50s.

     

Speaking of the weather… Apparently it’s affected the real estate market.

     

 RISMEDIA, March 10, 2010

     

Pending Home Sales Down; Severe Weather Impacting Market

     

—Pending home sales are down and additional declines are expected from abnormal weather conditions, according to the National Association of Realtors®.

     

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in January 2010, fell 7.6% to 90.4 from an upwardly revised 97.8 in December, but remains 12.3% higher than January 2009 when it was 80.5.

     

Lawrence Yun, NAR chief economist, said weather is likely to impact housing data. “January pending sales, though still higher than one year ago, remain much lower than expected given that a large number of potential buyers are eligible for the expanded home buyer tax credit. Moreover, the abnormally severe and prolonged winter weather, which affected large regions of the U.S., hampered shopping activity in February,” he said.

     

As such, abnormal swings are expected in housing data. “We will see weak near-term sales followed by a likely surge of existing-home sales in April, May and June,” Yun said. “The real question is what happens in the second half of the year. If there is sufficient job creation, housing can become self-sustaining with stable to modestly rising home prices because inventory has been trending downward.”

     

The PHSI in the Northeast fell 8.7% to 71.3 in January but is 20.5% higher than January 2009. In the Midwest the index dropped 8.9% to 81.2 but is 11.8% above a year ago. Pending home sales in the South slipped 2.1% to an index of 98.1, but the index is 18.0% higher than January 2009. In the West the index dropped 13.2% to 102.9 but is 1.4% above a year ago.

     

Have a great day and be sure to Count Your Blessings.

The Beverly Hills Real Estate blog Tuesday 03-09-10

     

PLEASE “E-MAIL” US AT MRPK1@PACBELL.NET IF YOU NEED IMMEIDATE ASSISTANCE BUYING OR SELLING

     

Welcome to the written blog and check out our daily video joke and blog which is posted around noon time on  www.paraquatkelley.com  Click on podcasts in upper right corner. 

     

Tuesday the beginning of a completely sunny week!  Check it out:

     

     
• Today: Plentiful sunshine. High 63F. Winds NW at 15 to 25 mph.

     
• Tonight: Some clouds. Low 43F. Winds NNW at 10 to 15 mph.

     
• Tomorrow: Chance of a morning shower. Sunshine along with some cloudy intervals. High 64F. Winds NW at 10 to 20 mph.

     
• Tomorrow night: Clear. Low 44F. Winds N at 10 to 20 mph.

     
• Thursday: Mainly sunny. Highs in the upper 60s and lows in the upper 40s.

     
• Friday: Sunny. Highs in the low 70s and lows in the upper 40s.

     
• Saturday: Sunny. Highs in the upper 60s and lows in the upper 40s.

     

That’s the SoCal weather I remember.

     

Today is brokers Caravan.  We listed a 2 million dollar plus house a week ago… and already have a great offer on it.  Other agents say they have clients who want to write offers too.  Remember if you’re listing your house find an agent who knows how to price it. That’s the hot tip of the day.

     

Have a great day it will be a great day to have and, Count Your Blessings.

The Beverly Hills Real Estate blog Monday 03-08-10

     

PLEASE “E-MAIL” US AT MRPK1@PACBELL.NET IF YOU NEED IMMEIDATE ASSISTANCE BUYING OR SELLING

     

Welcome to the written blog and check out our daily video joke and blog which is posted around noon time on  www.paraquatkelley.com  Click on podcasts in upper right corner.  http://screencast.com/t/YjM2YTU3Yjg

     

I want to know, how does Monday get here so quickly?  Whoo ya Monday and how about those Oscars last night?  Hurt Locker, Sandra Bullock and Jeff Bridges?  Wow!

     

Here’s what happening on the weather front:

     

     
• Today: Sunshine and clouds mixed. High 63F. SSE winds shifting to WSW at 10 to 15 mph.
       
• Tonight: Partly cloudy. Slight chance of a rain shower. Low 46F. Winds WNW at 10 to 15 mph.
       
• Tomorrow: Sunny skies. High 63F. Winds NW at 15 to 25 mph.
       
• Tomorrow night: Clear skies. Low 43F. Winds NNW at 10 to 15 mph.
       
• Wednesday: Sunny. Highs in the mid 60s and lows in the mid 40s.
       
• Thursday: Sunny. Highs in the low 70s and lows in the upper 40s.
       
• Friday: Mainly sunny. Highs in the low 70s and lows in the low 50s.

     

Wasn’t last night great?  First time ever a woman director wins and award and first time for Jeff Bridges and Sandra Bullock.  Congratulations to all winners.  In other news:

     

Is this the Beginning of the End for Housing Crisis?

     

By Amy Hoak Print Article

     

RISMEDIA, March 8, 2010—(MCT)—A smaller percentage of mortgages were delinquent and the rate of those entering the foreclosure process slowed in the fourth quarter of 2009, possible signs that the foreclosure crisis that has gripped many of the nation’s housing markets is finally starting to ease, a trade group has reported.

     

“We are likely seeing the beginning of the end of the unprecedented wave of mortgage delinquencies and foreclosures that started with the subprime defaults in early 2007,” said Jay Brinkmann, chief economist of the Mortgage Bankers Association, in a written statement.

     

The delinquency rate for mortgages on one- to four-unit residential properties was a seasonally adjusted 9.47% of all mortgages outstanding in the fourth quarter, down from 9.64% in the third quarter and up from 7.88% in the fourth quarter of 2008, according to the MBA’s quarterly delinquency survey.

     

Delinquencies include mortgages that are at least one payment or more past due but not yet in foreclosure.

     

Meanwhile, 1.2% of outstanding mortgages entered the foreclosure process in the fourth quarter, down from 1.42% in the third quarter and up from 1.08% in the fourth quarter of 2008. The percentage of mortgages at some point in the foreclosure process at the end of the fourth quarter was 4.58%, up from 4.47% in the third quarter and 3.3% in the fourth quarter of 2008.

     

The MBA survey covers about 44.4 million loans on one- to four-unit residential properties, or about 85% of all first-lien residential mortgage loans that are outstanding in the country. No doubt, the foreclosure nightmare isn’t over yet.

     

The percentages of loans 90 days or more past due and loans in foreclosure process set record highs in the fourth quarter, according to the report. Many of those loans more than 90 days past due are in loan modification programs, and some of them have been seriously delinquent for months waiting for modifications to get finalized.

     

But the good news is there are fewer problem loans actually entering delinquency—likely a result of fewer layoffs, Brinkmann said. “We normally see a large spike in short-term mortgage delinquencies at the end of the year due to heating bills, Christmas expenditures and other seasonal factors. Not only did we not see that spike but the 30-day delinquencies actually fell by 16 basis points from 3.79% to 3.63%,” he said. He added that the non-seasonally adjusted 30-day delinquency rate has only dropped three times in the past between the third and fourth quarter—”and never by this magnitude.”

     

Depending on the fate of seriously delinquent mortgages—whether they are cured with modifications or ultimately enter foreclosure—the percentage of mortgages somewhere in the foreclosure process could start to see a gradual decline in the second half of the year, he said during a conference call with reporters.

     

If normal seasonal patterns hold, there could be a bigger drop in the 30-day delinquency rate in the first quarter of 2010, Brinkmann said. That would be a positive sign for the months and years ahead. “The continued and sizable drop in the 30-day delinquency rate is a concrete sign that the end may be in sight,” he said. “With fewer new loans going bad, the pool of seriously delinquent loans and foreclosures will eventually begin to shrink once the rate at which these problems are resolved exceeds the rate at which new problems come in. “It also gives us growing confidence that the size of the problem now is about as bad as it will get,” he said.

     

According to the MBA data, Florida was the most problematic state, in terms of delinquencies. Twenty-six percent of Florida mortgages were one payment or more past due at the end of the year, and 20.4% of mortgages in the state were 90 days or more past due or already in the foreclosure process.

     

(c) 2010, MarketWatch.com Inc.

     

A nice way to start the week.  Have a great day it will be a great day to have and, Count Your Blessings.

The Beverly Hills Real Estate blog Sunday 03-07-10

     

PLEASE “E-MAIL” US AT MRPK1@PACBELL.NET IF YOU NEED IMMEIDATE ASSISTANCE BUYING OR SELLING

     

Welcome to the written blog and check out our daily video joke and blog which is posted around noon time on  www.paraquatkelley.com  Click on podcasts in upper right corner.  http://screencast.com/t/NDExNjBjMjA

     

Open House Sunday and a slight chance of showers… Here’s what they say:

     

     
• Today: A few showers this morning with mostly cloudy conditions during the afternoon hours. High 64F. Winds W at 10 to 15 mph. Chance of rain 30%.
       
• Tonight: Partly cloudy. Low 48F. Winds NNW at 5 to 10 mph.
       
• Tomorrow: Intervals of clouds and sunshine. High near 65F. Winds S at 5 to 10 mph.
       
• Tomorrow night: A few clouds from time to time. Slight chance of a rain shower. Low 46F. Winds NW at 5 to 10 mph.

     

If you don’t want to brave the elements here’s the Open House Guide link: http://www.themls.com/wohg.cfm?DEBUG=0   Please call us if we can help you 310 888 3357. By the way, latest figures for homes in our area from the beginning of the year this year compared to last year… UP  40% As posted in the LA Times today.

     

It’s Golf and the Lakers on TV today and the Academy Awards this evening from Hollywood!  Hollywood Blvd will be closed between La Brea and Cahuenga alternate routes; Santa Monica or Franklin streets.  Stay home and avoid the hassle.

     

Avatar? We’ll see.

     

Have a great day and remember to Count your blessings!

The Beverly Hills Real Estate blog Saturday 03-06-10

     

PLEASE “E-MAIL” US AT MRPK1@PACBELL.NET IF YOU NEED IMMEIDATE ASSISTANCE BUYING OR SELLING

     

Welcome to the written blog and check out our daily video joke and blog which is posted around noon time on  www.paraquatkelley.com  Click on podcasts in upper right corner.  http://screencast.com/t/Yjc4Y2NhNj

     

Saturday and so far no rain but…

     

     
• Today: Overcast with showers at times. High 61F. Winds SSE at 5 to 10 mph. Chance of rain 60%.
       
• Tonight: Cloudy with occasional rain showers. Low 48F. Winds light and variable. Chance of rain 60%.
       
• Tomorrow: A shower or two around the area in the morning, then partly cloudy in the afternoon. High 66F. Winds NW at 10 to 20 mph. Chance of rain 30%.
       
• Tomorrow night: Clear skies. Low 47F. Winds NNE at 5 to 10 mph.

     

Looks like it might not rain for tomorrow night’s Oscars which take place right down the street.  We have a reminder for all who live in the area to remember the local street closures and will post them courtesy of Councilmember Tom LaBonge’s office.  What do you think?  Avatar the big winner?

     

First: Here's the link for Open Houses for viewing from your computer.  Please call us if we can help you 310 888 3357.  http://www.themls.com/wohg.cfm?DEBUG=0

     

For more information on any of the items below, please visit the Council District 4 website at:  www.tomlabonge.com

     

- Councilmember LaBonge is holding a series of emergency community meetings to discuss the city's budget shortfall for the current fiscal year.  Thank you to everyone who attended the meetings on Monday and Tuesday evening in Hollywood.  The next meeting will also cover issues

     

in the Los Feliz-Silver Lake Area and will be held on Thursday, March 11 at 8 a.m. at the Griffith Park Adult Community Center Nutrition Room, 3203 Riverside Drive.  For more information, please see the attached flier.

     

- Anyone who lives in or near Hollywood please note the attached street closures for Sunday night's Academy Awards Ceremony at the Kodak Theater.

     

- Please join Councilmember Tom LaBonge as we clean up North Hollywood.  The new date - with hopefully better weather and more volunteers - is Saturday, March 13, 2010, 8:00 AM to 1:00 PM.

     

Meet at the NoHo BID office at 5026 Lankershim Blvd… Let's all get together to make a difference.  See the attached flier for more information.

     

- Wilshire area residents may want to attend the upcoming community meeting about the optional Wilshire/Crenshaw station being evaluated for the future Westside Subway Extension. The meeting will be held on

     

Wednesday, March 17, 6PM ­ 8PM, at the Wilshire United Methodist Church, 4350 Wilshire Boulevard Los Angeles, CA 90010.  For more information, please click here:

     

http://www.simplesend.com/simple/textlink.asp?NewsletterID=44093&SI=2668622&E=carolyn.ramsay@lacity.org&S=408&N=44093&Format=HTML

     

- Remember to fill out the easy-to-understand census form, which will be mailed in mid-March:   http://www.lacounts2010.org/

     

Have a great weekend and continue to love and enjoy the City of Los Angeles.

     

Also remember to Count Your Blessings!

The Beverly Hills Real Estate blog Friday 03-05-10

     

PLEASE “E-MAIL” US AT MRPK1@PACBELL.NET IF YOU NEED IMMEIDATE ASSISTANCE BUYING OR SELLING

     

Welcome to the written blog and check out our daily video joke and blog which is posted around noon time on  www.paraquatkelley.com  Click on podcasts in upper right corner.  http://screencast.com/t/M2I3NTky

     

Friday and Sunny!  Here’s the extended forecast:

     

     
• Today: Sun and clouds mixed. High around 65F. Winds S at 5 to 10 mph.
       
• Tonight: Partly cloudy early with increasing clouds overnight. Slight chance of a shower late. Low 49F. Winds light and variable.
       
• Tomorrow: Showers early becoming a steady rain later in the day. High 59F. Winds SSE at 5 to 10 mph. Chance of rain 70%. Rainfall around a half an inch.
       
• Tomorrow night: Periods of rain. Low near 45F. Winds ESE at 5 to 10 mph. Chance of rain 70%.
       
• Sunday: Showers. Highs in the mid 60s and lows in the upper 40s.

     

Well, the Lakers lost, American Idol lost 4 more people, and who care about golf without Tiger?

     

Pending Sales down as well as mortgage rates and here are the latest California Real Estate stories:

     

Here are this week's new articles on California real estate:

     

     
• California January home sale volume falls from December and one year ago

     

Statewide, 27,858 new and existing homes were sold in January, down 33.4% from December, and down 5.4% from January one year ago...

     

     
• Loan modification scams continue under a new name: loan audits

     

California Attorney General Edmund G. Brown Jr. joined with the Department of Real Estate (DRE) to warn California homeowners about the latest scam...

     

     
• March 2010 LW

     

Changes to property assessment protocol...

     

     
• Foreclosures: all downhill from here?

     

Foreclosure rates will soon decline, so says the Mortgage Bankers Association (MBA), the main mouthpiece for our nation’s mortgage lending institutions...

     

Beware of mortgage scams!  Call us if you’re thinking of buying or refinancing. Have a fantastic Friday, see you tomorrow and… Count Your Blessings.

The Beverly Hills Real Estate blog Thursday 03-04-10

     

PLEASE “E-MAIL” US AT MRPK1@PACBELL.NET IF YOU NEED IMMEIDATE ASSISTANCE BUYING OR SELLING

     

Welcome to the written blog and check out our daily video joke and blog which is posted around noon time on  www.paraquatkelley.com  Click on podcasts in upper right corner.  http://screencast.com/t/M2Q5OGNiNT

     

It’s Thursday already… the weekend beckons… and so does the possibility of rain:

     

     
• Today: Sunny. High 64F. Winds WNW at 10 to 20 mph.
       
• Tonight: Mostly clear. Low 44F. Winds NNE at 5 to 10 mph.
       
• Tomorrow: Mostly sunny skies. High around 65F. Winds S at 5 to 10 mph.
       
• Tomorrow night: Partly cloudy skies early will give way to occasional showers later during the night. Low 48F. Winds S at 5 to 10 mph. Chance of rain 60%.
       
• Saturday: Cloudy with rain. Highs in the upper 50s and lows in the mid 40s.
       
• Sunday: Showers. Highs in the low 60s and lows in the upper 40s.
       
• Monday: Times of sun and clouds. Highs in the mid 60s and lows in the upper 40s.

     

It’s been cool lately maybe it will warm up next week.

     

American Idol women last night… There are a couple, 2-3, of really good ones.  Today Golf at noon and Lakers at 5 on TV.

     

Real Estate news in the Times a feature about how the Sunset/Vine Towers is making a comeback by renting apartments in the building.

     

Fast Facts>> 
Calif. median home price: January 2010: $287,440 (Source: C.A.R.)
Calif. highest median home price by C.A.R. region January 2010: Santa Barbara So. Coast $760,000(Source: C.A.R.)
Calif. lowest median home price by C.A.R. region January 2010: High Desert $124,480 (Source: C.A.R.)
Calif. First-time Buyer Affordability Index - Fourth Quarter 2009: 64 percent (Source: C.A.R.)
Mortgage rates - week ending 2/25/10 30-yr. fixed: 5.05 Fees/points: 0.7% 15-yr. fixed: 4.40% Fees/points: 0.7% 1-yr. adjustable: 4.15% Fees/points: 0.6% (Source: Freddie Mac) 

     

That’s it for today.  Enjoy and love LA!  Remember: Count your blessings!

The Beverly Hills Real Estate blog Wednesday 03-03-10

     

PLEASE “E-MAIL” US AT MRPK1@PACBELL.NET IF YOU NEED IMMEIDATE ASSISTANCE BUYING OR SELLING

     

Welcome to the written blog and check out our daily video joke and blog which is posted around noon time on  www.paraquatkelley.com  Click on podcasts in upper right corner. 

     

http://screencast.com/t/Mzg0YWEyNmE 

     

It’s Wednesday and here’s our forecast for SoCal:

     

     
• Today: Partly cloudy. High 63F. Winds WSW at 10 to 15 mph.
       
• Tonight: Showers this evening becoming less numerous overnight. Low 47F. Winds WNW at 5 to 10 mph. Chance of rain 40%.
       
• Tomorrow: Sunny skies. High 64F. Winds WNW at 10 to 15 mph.
       
• Tomorrow night: A mostly clear sky. Low 44F. Winds NNE at 5 to 10 mph.
       
• Friday: More clouds than sun. Highs in the mid 60s and lows in the low 50s.
       
• Saturday: Mainly cloudy and rainy. Highs in the upper 50s and lows in the mid 40s.

     

I don’t know about American Idol… It seems repetitive but… you still have to watch.  There is nothing else on worth switching to.  We read where Tiger is hitting balls on the range again… The Masters maybe?  The Lakers easy winners last night.

     

LA real estate market may be slower than usual but prices are up. 

     

New Field Poll finds Californians favor budget cuts over new taxes…

     

http://cbs2.com/local/Field.Poll.Californians.2.1530487.html

     

Today we hear about Obama’s health care plan that the majority of Americans don’t want… they want jobs!

     

There you go, have a great day… See you tomorrow and remember to; Count your blessings!

The Beverly Hills Real Estate blog Tuesday 03-02-10

     

PLEASE “E-MAIL” US AT MRPK1@PACBELL.NET IF YOU NEED IMMEIDATE ASSISTANCE BUYING OR SELLING

     

Welcome to the written blog and check out our daily video joke and blog which is posted around noon time on  www.paraquatkelley.com  Click on podcasts in upper right corner.  http://screencast.com/t/NzU5YWU4

     

     
• Tuesday and and here’s the official forecast. Sun and clouds mixed. High 63F. SE winds shifting to SW at 10 to 15 mph.
       
• Tonight: Partly cloudy. Low near 50F. Winds light and variable.
       
• Tomorrow: Mostly sunny skies. High near 65F. Winds W at 10 to 15 mph.
       
• Tomorrow night: Mostly cloudy skies early, then partly cloudy after midnight. Low 47F. Winds W at 5 to 10 mph.
       
• Thursday: Mix of sun and clouds. Highs in the mid 60s and lows in the upper 40s.
       
• Friday: Mostly Cloudy. Highs in the mid 60s and lows in the upper 40s.

     

Front page news LA Times people in Las Vegas hoping home values drop so they will be eligible for mortgage assistance from Obama…  Meanwhile from Yahoo an article showing where prices are rising:

     

http://realestate.yahoo.com/promo/where-home-prices-are-rising

     

Jay Leno returned last night -- good reviews.  The Clippers win again!  Tonight American Idol continues.

     

Great Olympic Moments return to the airwaves via the web!  They’re back from the KMET achieves… Coming soon Fish Reports! 

     

Reporting from paradise have a beautiful day and remember to Count Your Blessings!

The Beverly Hills Real Estate blog Monday 03-01-10

     

PLEASE “E-MAIL” US AT MRPK1@PACBELL.NET IF YOU NEED IMMEIDATE ASSISTANCE BUYING OR SELLING

     

Welcome to the written blog and check out our daily video joke and blog which is posted around noon time on  www.paraquatkelley.com  Click on podcasts in upper right corner.  http://screencast.com/t/MjQ2Mzk2

     

Monday and yet another beautiful day in store for SoCal… The sun is shining in the Hollywood Hills and here’s the official forecast.

     

     
• Today: Partly to mostly cloudy. High 68F. Winds S at 5 to 10 mph.
       
• Tonight: Cloudy skies. Low 51F. Winds light and variable.
       
• Tomorrow: Cloudy skies early will become partly cloudy later in the day. High around 65F. Winds SSW at 10 to 15 mph.
       
• Tomorrow night: Mostly cloudy skies early, then partly cloudy after midnight. Low near 50F. Winds W at 5 to 10 mph.
       
• Wednesday: Mix of sun and clouds. Highs in the low 60s and lows in the mid 40s.
       
• Thursday: Mainly sunny. Highs in the mid 60s and lows in the upper 40s.
       
• Friday: Mix of sun and clouds. Highs in the mid 60s and lows in the upper 40s.

     

Open House Sunday best described as robust yesterday.  Here’s an interesting note regarding LA’s DWP bills going up: http://cbs2.com/local/DWP.Fees.Green.2.1527951.html   The increases are beginning… higher taxes, etc… Ugh oh…,

     

The Lakers win again, the Olympics wrap up, and the Tonight Show with Jay Leno returns tonight.

     

Great Olympic Moments return to the airwaves via the web!  They’re back from the KMET achieves… Coming soon Fish Reports! 

     

Reporting from paradise have a beautiful day and remember to Count Your Blessings!