July 16, 2008

Blog News: Rentals, Home-Buying Incentives, and More

On my search for snippets of real estate news, I came across Business Week’s HotProperty Blog. I found a few interesting pieces of info from their more recent posts. There’s even a mention about LA’s market.

Only in LA: I saw an ad saying a listing was the first duplex in the neighborhood offered for under $1 million since 2004.

I’ll recap my other favorites from this blog for y’ all.

Real Estate Trivia Question #1: How many homes on the market have gone from being “for sale” to “for rent”?

Real Estate Trivia Question #2: Which well-known home builder has recently offered the opportunity to win a year’s worth of free gas to draw in sales?

Real Estate Trivia Question #3: What are the top three adjectives used to describe homes for sale?

Answers are below.

Answer #1: About 1 million, according to Goldman Sach’s U.S. Economic Research Group. (Incidentally, I couldn’t find the exact geographical reference, but I think it’s safe to say homes in the U.S.)

Answer #2: Shea Homes. Check out this link for more info on that.

Answer #3: New, Large, and Great (Yes, in that order.)

Score - 1 out of 3: You’re a regular real estate expert, aren’t you?

Score - 2 out of 3: You spend way too much time reading about real estate news.

Score 3 out of 3: You’ve either already read the HotProperty Blog or you spend way, way too much time reading about real estate news.

And now, I’m moving on to my own list of “Hot Off The Presses Properties” (just-listed) this week in the LAX area.

1. 13020 Pacific Promenade, #101/1bd, 2bth/$549,000

2. 5400 Playa Vista Dr., #19/2bd, 2.5bth/$789,000

3. 12975 Agustin Pl., #431/2bd, 2.5bth/$825,000

---