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Mortgage rate predictions for 2014 and 2015

Posted by on Aug 18, 2014 in Uncategorized | No Comments

The short story is, the time to buy and to sell is now.  The Feds have started the “tapering off” process of the economic stimulus plan of purchasing $85 billion in bonds each month.  Bonds are directly tied to interest rates.  Less demand for bonds (and the Feds are clearly the largest purchaser,) will lower […]

Palos Verdes Real Estate 2nd quarter

Posted by on Jul 2, 2014 in Uncategorized | No Comments

Cash is still king in Real Estate purchases in Palos Verdes Estates.   With the second quarter just ending, let’s have a look at how things shook out. There were 40 single family homes that closed escrow between April and then end of June with and average sale price of $1,685,121 that was just a […]

Where the Super Rich Buy Real Estate

Posted by on Jan 17, 2014 in Uncategorized | No Comments

Wealth-X and Savills are out with a new report showing how the super-rich (those with $30 million or more in assets) spend money on real estate. There are a ton of interesting takeaways from the report, which is available here. The map below, which shows the flow of wealth around the world, is particularly telling. It […]