Could it be possible that the spring buying season has arrived early? It’s only February and the news keeps poring in that demand, home prices and sales are at record highs in many parts of the region. Clearly, the real estate market seems to be blooming early this year… as everyone from all cash buyers, international buyers and ultra affluent buyers are jumping into the market.
Here’s a look at the latest real estate headlines in Southern California this month.
Is L.A. real estate becoming a foreign affair? CBS examines.
Are we foreclosing on foreclosures? January’s decline in foreclosure starts was most pronounced in California, says the Associated Press.
Let’s keep this just between us: pocket listings are on the rise among the ultra wealthy, according to Forbes.
The Los Angeles Times notes that young and wealthy buyers are cashing in on real estate, as more prefer to invest in a home vs. stocks.
Six-year stretch: Southern California saw the best real estate market in six years, reports the Daily News.
Build it and they will come? It might be true in Orange County again, since developers are projected to build 9,275 new houses, condos and apartments this year and 11,250 new units in 2014, says the Orange County Register.
What’s in a name? A lot—when it comes to marketing luxury estates.Ron DeSalvo, a Coldwell Banker Previews International specialist in Beverly Hills, talks to The Wall Street Journal’s “Mansion” section.
San Diego is moving up… home prices are up 9%, according to the San Diego Union Tribune.