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“As motivated buyers continue to take advantage of the lowest interest rates in history, home sales will be elevated in the next couple of months, and the housing market should remain a bright spot in a broader economy that continues to struggle,” said CAR President Jeanne Radsick, a second-generation Realtor from Bakersfield, Calif.

“And with many employers allowing the flexibility of working remotely, homebuyers now also have the option of searching in less expensive areas where homes are more affordable and buyers can get more home for their money.”

With home sales continuing to bounce back in September and sales of higher-priced properties recovering faster than the rest of the market, the statewide median price hit another new high after setting records in June, July and August.

California’s median home price exceeded the $700,000 mark for the second consecutive month, as it reached $712,430 in September, edging up 0.8 percent

HOME VALUES

Mizrahi Tefahot VP: Home prices won’t fall

3 hours ago

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“In my view, home prices won’t fall; they’ll be stable. Consistently, for years, there has been a gap between the number of households forming and building starts. We have a cumulative shortfall of 90,000 housing units,” said Israel Engel, vice president and head of retail banking at Mizrahi Tefahot Bank (TASE:MZTF) at he “Globes” Israel Real estate Conference.

“Besides that, we are seeing that construction times have lengthened, whether because of the lockdown or because foreign workers are not being brought in,” Engel continued. “Construction time has reached 31 months, which clearly affects the supply of housing. We are seeing growth in investment in real estate. This is clearly a factor causing housing prices not to fall.”

Engel began by saying that he would try to answer some questions that concern people involved in real estate, such as how it is that mortgage taking has risen despite the

HOME FOR SALE

This Week: Consumer confidence, Ford earns, home sales

5 hours ago

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A look at some of the key business events and economic indicators upcoming this week:

EYE ON CONSUMERS

The Conference Board issues its latest monthly index of U.S. consumer confidence Tuesday.

Economists forecast that the October reading slipped to 101.5 from 101.8 in September. The index has been mostly trending higher in recent months, reflecting a more favorable view on current business and labor market conditions. But it remains far below pre-pandemic levels. A reading of 90 or better reflects a healthy economy.

Consumer confidence, by month:

May 85.9

June 98.3

July 91.7

Aug. 86.3

Sept. 101.8

Oct. (est.) 101.5

Source: FactSet

ROUGH ROAD

Ford and other automakers have struggled as the coronavirus forced factories to close and chased customers away from showrooms.

The company slid into the red in the first and second quarters this year as the pandemic crushed its sales. Wall Street expects Ford will report Wednesday

HOME VALUES

For Luxury Home Buyers in LA, the Prices Are Right

8 hours ago

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The luxury housing market in Los Angeles may not be immune to Covid-19, but it seems to have built up a strong resistance to the impact of the pandemic.

Many top luxury brokers agree that high-end properties are in demand in L.A.

Since Oct. 1, 2019, 10 homes on the market have sold for $33 million or more, according to data from Redfin. And a number of off-market home sales in the past six months have topped $100 million.

Former Dreamworks Chief Executive Jeffrey Katzenberg recently sold his custom-
built home in Beverly Hills for $125 million. And Amazon.com Inc. founder Jeff Bezos made headlines this summer when he purchased the Warner Estate from David Geffen for $165 million.

Before that, the record for highest priced home sale in the area was set late last year when the Chartwell Estate, also known as the Beverly Hillbillies Mansion, sold for $150

CONTRACTOR

Los Angeles Top Rated Pavers Contractor Eminent Construction Can Revitalize Your Home by Changing Your Outdoor Space

10 hours ago

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Address: 5805 White Oak Ave Ste 18555, Encino, CA 91416

EMINENT PAVERS – LOS ANGELES TOP RATED PAVERS CONTRACTOR

eminentpavers-service-location

Small family-owned Southern California Paving Stone Contractor serving the Los Angeles, San Fernando Valley, and Ventura areas

Los Angeles, CA, Oct. 25, 2020 (GLOBE NEWSWIRE) — Eminent Pavers is a top pavers installer – Specializing in the design and installation of high quality paving stones for driveway, patios, walkways and pool decks.

Los Angeles, CA — With indefinite extensions on lockdown restrictions in many jurisdictions, the home is quickly becoming an even more important part of American life. While we used to split our time between our homes, our workplaces, and our favorite hang-out spots in the Los Angeles area, we are now bound

CONTRACTOR

Los Angeles Top Rated Pavers Contractor Eminent Construction Can Revitalize Your Home by Changing Your Outdoor Space – Press Release

11 hours ago

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For many of us, our homes are no longer a place of peace to return to after a stressful day of work — they are infused with the stress of the office, too.

In Southern California, we have an advantage that most of the country doesn’t: the fall season

HOME FOR SALE

Dull Diwali for real estate: Few festive treats for home buyers

13 hours ago

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A buyer can pick up a home in any of ten projects across Mumbai, Bengaluru, Kochi, Delhi NCR and Kasauli. (Representative image)

In another dull festive season the number of residential units launched is expected to fall by 20% over last year’s tallyof 73,034. Few developers are unveiling new projects. Some like Sunteck Realty, which is looking to roll out apartments in Mumbai’s central and western suburbs, are awaiting RERA approvals.

Godrej Properties and Oberoi Realty told FE they’re staying with the properties already in the market and have nothing new this time. Others such as the Runwal group are merely offering new phases in existing locations.

Experts say transactions in the ready-to-move-in segment, where developers are offering good deals, could see traction. “Many Grade A developers are offering flexible payment options which are more back-ended,” Samir Jasuja, founder and CEO, Prop Equity, said.

Tata Housing, for instance, is asking

BUYING A HOUSE

Best home security cameras to buy in 2020 that run on batteries

13 hours ago

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Not only do battery-powered security cameras give you better installation flexibility than their wired counterparts, they’re also typically weatherproof for outside use. That means you can install a wireless security camera on a fence, in a tree — or pretty much anywhere — as long as your Wi-Fi network reaches it — to scale up your home security system, keep an eye on your house and help deter intruders.

I’ve picked three models that I especially like for a variety of reasons, though I took into account things like video quality, field of view, whether it offered a mobile app and recording options, if it connects to your existing smart home setup and, of course, battery life. The Arlo Pro 3 is my favorite all-around camera. Period. Since it happens to be battery-powered too, it’s my favorite for this list. I like the Blink XT2 for its reasonable price —

FOR SALE BY OWNER

Bengals Player Lists Home For Sale Immediately After Game

17 hours ago

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Cincinnati Bengals defensive end Carlos Dunlap is fed up. That was the case before today’s game, and it is clearly still the case after it.

a group of people on a baseball field: General view of the Bengals stadium.

© Provided by The Spun
General view of the Bengals stadium.

Dunlap has already asked the Bengals to trade him after they reduced his role. The other day, he posted the team’s defensive end rotations on Instagram, saying he “doesn’t have time” for the situation he’s been placed in.

Well, this afternoon, Dunlap upped the ante. Following a 37-34 loss to the Cleveland Browns in which he recorded only one QB hit and no other stats, Dunlap listed his home for sale on Twitter.

“~6000 sqft city view with huge balcony. 4 bedroom. 4.5 bathroom. In one of the best school districts for sale. Do your market analysis and make me offer,” he wrote. “Serious inquiries only with proof of funds! Owner is willing to

HOME VALUES

Once-cheap plywood stand-in driving American home prices higher

18 hours ago

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By Marcy Nicholson, Bloomberg
Published 7:30 p.m. ET Oct. 22, 2020 | Updated 9:06 a.m. ET Oct. 23, 2020

Americans are coughing up $4,600 more on average to buy their dream home than six months ago — thanks to a record run-up in prices for a once-cheap plywood substitute.

Prices are on a tear for those bonded wood-chip sheets commonly used as sheathing for walls, floors and roofs in new home construction. Oriented Strand Board, or OSB, has long been used as a low-cost alternative to plywood, but the product now fetches a higher price as increased demand and tight supplies lead to delivery delays and elevated construction costs in the U.S. and Canada.

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Tag: Home

Napa County home prices top $900,000 | Business

Mizrahi Tefahot VP: Home prices won’t fall

This Week: Consumer confidence, Ford earns, home sales

For Luxury Home Buyers in LA, the Prices Are Right

Los Angeles Top Rated Pavers Contractor Eminent Construction Can Revitalize Your Home by Changing Your Outdoor Space

Address: 5805 White Oak Ave Ste 18555, Encino, CA 91416

EMINENT PAVERS – LOS ANGELES TOP RATED PAVERS CONTRACTOR

eminentpavers-service-location

Small family-owned Southern California Paving Stone Contractor serving the Los Angeles, San Fernando Valley, and Ventura areas

Los Angeles Top Rated Pavers Contractor Eminent Construction Can Revitalize Your Home by Changing Your Outdoor Space – Press Release

Dull Diwali for real estate: Few festive treats for home buyers

Best home security cameras to buy in 2020 that run on batteries

Bengals Player Lists Home For Sale Immediately After Game

Once-cheap plywood stand-in driving American home prices higher