• Selling A Billion Dollars Of Luxury Los Angeles Real Estate

    7 monthes ago - By Forbes

    James Harris and David Parnes top real estate agents in Los Angeles have over $1 billion in high-priced listings. Last year they sold over half a billion dollars of luxury real estate. How do they do it?
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  • Case-Shiller: Housing Market Pressured by Prices

    Case-Shiller: Housing Market Pressured by Prices

    7 monthes ago - By RIS Media

    Affordability is beginning to drag on housing, and there is little price relief in sight, according to the latest S&P CoreLogic/Case-Shiller Indices, which found May prices rising steadily, at 6.4 percent year-over-year.
    “Not only are prices rising consistently; they are doing so across the country,” says David M. Blitzer, chairman and managing director of the Index Committee at S&P Dow Jones Indices. “Continuing price increases appear to be affecting other housing statistics. Sales of existing single-family homes...peaked last November and have declined for three months in a row. The...
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  • Real House Prices and Price-to-Rent Ratio in May

    Real House Prices and Price-to-Rent Ratio in May

    7 monthes ago - By Calculated Risk

    Here is the earlier post on Case-Shiller: Case-Shiller: National House Price Index increased 6.4% year-over-year in May
    It has been over eleven years since the bubble peak. In the Case-Shiller release this morning, the seasonally adjusted National Index , was reported as being 9.5% above the previous bubble peak. However, in real terms, the National index is still about 9.9% below the bubble peak (and historically there has been an upward slope to real house prices). The composite 20, in real terms, is still 15.8% below the bubble peak.
    The year-over-year increase in prices is mostly...
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