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Real Estate News
California Dreamin
By Marty Hope, July 10, 2010
The California real estate market appears to be making a comeback, as home sales and pending sales rebound from staggering losses. In fact, one real estate guru says luxury real estate in Beverly Hills and surrounding communities such as West Hollywood, Bel Air, Century City, Santa Monica and Malibu is hotter than ever.
Ikem Chukumerije is a top-
"The economy has definitely impacted my business, but in a great way," says Chukumerije. One of his past listings in Beverly Hills was available for $1,395,000 and sold within 27 days for 1,495,000 with multiple offers.
The average price per square foot for Santa Monica is currently $614, an increase
of 1.2 per cent compared to the same period last year. In Malibu, the average is
$815 per square foot, up 16.6 per cent from the same period last year, while the
per-
10 Reasons to Buy a Home in 2010
1. Tax Credit.
2. Prices hit bottom in May-
3. There will be less foreclosures in 2010. Loans are getting modified and people are not being foreclosed on.
4. Investors are beginning to come back into the market. They have made the low end hot again.
5. Mortgage regulations are making it safer to own a home and less predatory.
6. Once the mortgage is payed off you own it. You will have more money when you retire.
7. Even in a bad real estate market homeowner throw less money away than renters.
8. If you make your mortgage payment you will have some equity along with better credit.
9. Home improvement and construction retail shops still really need and want your business. Prices are lower and the sales are still good, incentives to buy are plentiful.
10. Home ownership is just wonderful. You can make your home anyway you want it. You can have any appliance you want. Just owning instead of renting, you add value to your community and make it a better place to live.
