All posts tagged: housing

Baby Boomers Retire In Style: Living The High Life in L.A.

  Baby boomers continue to break the mold when it comes to retiring and “downsizing”. This generation wants to remain active, flexible and mobile – and so selling the family house doesn’t mean moving into a smaller condo. Instead many boomers are opting to move into a high-end luxury townhome or condo with all the bells and whistles of a 5-star hotel resort. Here in Los Angeles, brands like the W and Ritz Carlton Residences are getting in on the act – offering stunning condos in highly desirable locations, like Hollywood, Downtown LA and Santa Monica.  With a 24-hour concierge, valet parking, resort-sized swimming pool, full-scale gym, screening room and other facilities for entertaining including rooftop gardens with views, lounges, fireplaces and wetbars, retirees can enjoy a high quality of life while no longer having to worry about lawn care or home maintenance issues. Having been a guest at the W Residences, I can say that the rooftop views of the Hollywood Hills and iconic Sign, and panoramic views to Santa Monica, are stunning. The rooftop …

Home Sales Surge Locally

Home sales surged by 24% in February, with the buying season kicking off early this year, possibly driven in part by our very mild winter. Home sales are up 12% this February, compared to Feb of 2015.   Interest rates are lower now than they were at the end of 2015 which is enticing more peeps to get into the home-buying fray. Of course, if you can manage all cash versus getting a loan, your chances of snagging the home of your dreams definitely increases, as it makes you a much sexier buyer. Interest rates have crept up a tiny bit over the past two weeks, but overall are still quite low (under 3.7% for 30-year fixed loans, and 2.96% for 15-year loans). It’s definitely an excellent time to list your home – with inventory at significant lows – buyers are willing to pay a hefty premium to secure the home they want. 2016 is looking good for continued appreciation here in SoCal.