Michael's Blog

According to the California Association of Realtors (C.A.R.) California median home prices broke $800,000 for the first time ever in April! C.A.R. reports: existing single family home sales totaled 458,170 in April on a seasonally adjusted annualized rate up 2.6% from March and up 65.1 from...

Current Hidden Hills Market Report Currently, there are 21 homes for sale in Hidden Hills. One home on Oakfield for $2.6M 5bd 5ba 3912 sqft. Three homes on Jed Smith 1) $2.99M 3 bd 2 ba 2270 sqft 2) $15.995M 8bd 9 ba 10,319 sqft 3) $24,888M...

According to Redfin's latest market report, 51% of homes sold above listing price in May (26% last year) Across the U.S., the median home sales were $354,250 and median home asking prices were $361,875 (statistics from Redfin) Across the U.S., the median home sales were $354,250 and...

Home sales slowed slightly in May. The California Association of Realtors said today, "After months of breakneck market competition competition, California home sales moderated in May as buyer fatigue set in, while the median price set another record high," In May, single-family homes sales were 445,660, down...

According to Redfin's latest market report, 51% of homes sold above listing price in May. (26% last year) Across the U.S. the median homes sales were $354,250 and median home asking prices were $361,875 (statistics from Redfin). Buyers, on average, offered 1.9% above the asking price,...

According to Airbnb, travelers are seeking short term rentals in rural areas close to home but major cities like New York, Los Angeles, and Seattle are popular for long term summer stays too. Rural getaways with access to the outdoors will be very popular this summer...

The Covid-19 pandemic has re-ordered the real estate across the real estate market across the U.S, Some of this may be irreversible. Some of the questions being raised are: will people feel safer living in the south and southwest where they can social distance all year,...

Last week, the California Association of Realtors (C.A.R.) asked CA Congress for additional relief caused by the pandemic. Specifically, C.A.R. is asking that the next relief package include funding for rental assistance and homeowners assistance programs. By protecting people financially hurt by the crisis, the moratoriums on...

The Department of Housing and Urban Development (HUD) plans to terminate the 2015 Affirmatively Furthering Fair Housing (AFFH) rule and implement a new one. This would be disastrous for fair housing laws, rolling them back 50 years. Furthermore, termination of the rule would weaken HUD's...