Trulia Will Lose ListHub Data in April - Bye Bye Listings?

This is big news in the real estate industry, the consequences of which will spill into the consumer world of buying and selling homes.

Realtor.org just reported: The real estate website Zillow will soon stop receiving feeds of hundreds of thousands of for-sale home listings from ListHub within the next three months, as it expects to transition to its own listing syndication tool.

According to Inman news:

Second most popular real estate site could lose more than a quarter of its listings
Move Inc.-owned listing syndicator ListHub will stop supplying listings to Trulia on April 7, giving the second most popular real estate site less than a month to come up with an alternative source for more than a quarter of its listings.

At a hearing today, a San Francisco Superior Court judge lifted a temporary restraining order

March 2015 Housing Market Looks Amazing

Freddie Mac released today its U.S. Economic and Housing Market Outlook for March, highlighting some of the positive tailwinds at the start of the spring homebuying season.  Check out the informative video, along with the complete March 2015 U.S. Economic and Housing Market Outlook and forecast.

Outlook Highlights

• Expect 2015 to be the best year for home sales and new home construction since 2007 when total home sales were about 5.8 million for the year.
• Improved job prospects have started to drive those aged 25-34 back to the labor force, with 76.8 percent employed as of last month, up from 75.9 percent last year.
• Expect rising rents at or above inflation in 2015 to push more would-be homeowners into the market. Rents increased an average of 3.6 percent in 2014 and nearly 11 percent over the last three years.
• Due to some recent upward pressure on Treasury bond yields, the 2015 forecast for the average 30-year fixed-rate mortgage was increased slightly to at 4.0 percent for the year.
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Do You Understand the Mortgage Process For Purchasing a Home?

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The Importance of a Mortgage Pre-Approval

There was a time, early in my career, when I'd hop in my car and gladly take new buyers out to look at prospective homes before said clients had even checked with a lender to see how much mortgage they could afford. We'd buzz around Los Angeles looking at $400,000 fixers, then quickly work our way up to million dollar move-in-ready homes. Their wish list growing week-after-week, house-after-house.

"I want a pool," she'd say. "And his and her walk-in closets."

"I want a wine cellar," he'd say. "And a three-car garage."

This would go on for a weeks until my buyers had finally fixed their sights on the property of their dreams. An $850,000 beauty near the Grove. We then began the process of submitting an offer and the other items needed for them to be seriously considered by the seller. Then came the bad news:

TIME TO SPRING FORWARD - Daylight Savings This Sunday

Don't forget to turn your clocks forward before you pass out this Saturday night, because we will be one hour ahead on Sunday, March 8, 2015. That's right, you lose an hour of your precious beauty sleep. Just a friendly reminder, because that's what Realtors like me do - we remind you to turn your clocks ahead one hour. And please enjoy this video from our friend Boy George to help remind you why it's so important to turn your clock ahead...



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National Home Prices Projected to Increase by 4.9 Percent Year Over Year by January 2016

CoreLogic^® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today released its January 2015 CoreLogic Home Price Index (HPI^®) which shows that home prices nationwide, including distressed sales, increased 5.7 percent in January 2015 compared to January 2014. This change represents 35 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, increased by 1.1 percent in January 2015 compared to December 2014.*

Including distressed sales, 27 states and the

Is Tiny Living For You?

These days, Tiny living is all the rage in a big way. There are even TV shows featuring living small. And let's face it: When it comes to real estate, aside from location, it's almost always true that the smaller you go, the less you pay, as square footage is king when it comes to finding most home values.

This week, Curbed Los Angeles will be running features for their first ever Micro Week. Their focus will be "five days' worth of stories, photos, and minuscule floorplans that celebrate the grand tradition of small-space living. We'll tour small homes, explore the city's smallest neighborhood, and so much more!"

So, are you ready to downsize? Whether it's a tiny condo or a teeny-weeny house that we in the real estate industry like to refer to as a "condo alternative", tiny living is more popular than ever. Take a look at Curbed Los Angeles's first feature How 7 Tiny Home Dwellers Learned to Love Micro Living

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