Archive for March, 2009

Property Tax Decline-in-Value Re-assessment – 3. 27. 2009

Friday, March 27th, 2009

Congratulations to Dennis, Kazuko and Amy on closing today and many thanks for your patience throughout the long escrow period!  March is usually the month in which we see an uptick in activities in the real estate market.  Although, not having seen a dramatic increase in the numbers of Playa ...

New Changes in Lending Guidelines – 3.20.2009

Friday, March 20th, 2009

My warmest congratulations go out to Debbie, Craig and Matt for closing today!  Have fun decorating your new place! Finance continues to be the key factor that drives market activities. Similarly, to last week, borrowers have been hit with good news and the not-so-favorable announcement this week.  The concentration of resale ...

New Neighborhood Market & Changes in Mortgage Insurance Guidelines – 3.13.2009

Friday, March 13th, 2009

HERE IS THE SCOOP IN NEIGHBORHOOD NEWS: Playa Vista welcomes our new neighbor market — yummy.com!  This new store is a welcome addition, bringing convenience to residents by offering a broad selection of fresh produce, prepared foods, gourmet and organic groceries.  Best of all, yummy.com offers a 30-minute delivery service ...

February Market Report & Loan Refinance vs. Loan Modification Programs – 3.7.2009

Friday, March 6th, 2009

Although the number of closings during February, in the Playa Vista condo resale market, is at par with the numbers from January, we saw twice as many condos open escrow in February.  Market activities are concentrated in the $650,000 or less price range with the median price for the February ...