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California home prices reach a new all-time high again in May
Jun 21, 2021 The California Association of Realtors reported that existing home sales totaled 445,680 on a seasonally adjusted annualized rate in May. That marked a month-over-month decrease of 2.7% from the near record number of homes sold in April. Year-o...
Calabasas City Council Shoots Down West Village Project
May 20, 2021 Calabasas City Council has unanimously rejected a 180-unit residential project based on its environmental impact report. New Home Co. has been plugging away at expanding its footprint in the city with West Village at Calabasas, a mixed-use c...
Economic update for the month ending April 30, 2021
May 1, 2021 Stock markets – The Dow Jones Industrial Average closed the month at 33,874.85, up 2.4% from 33,066.96 at the end of March. It is up 10.7% year-to-date. The S&P 500 closed the month at 4,181.17, up 4.6% from 3,958.55 last month. It is up 11.3...
Contemporary Marvel in the Hills of Tarzana with Spellbinding Views!
Apr 29, 2021 True one of a kind masterpiece in Tarzana! www.TarzanaTrophyHome.com
Economic update for the week ending April 17, 2021
Apr 17, 2021 Stocks continued their unprecedented rise again this week – A surge in consumer spending, increasing corporate profits, and inflation all point to the economy recovering much quicker than expected. That added to the effects of the nearly $2 t...
Economic update dated April 3, 2021
Apr 3, 2021 Happy April… U.S. employers added 916,000 jobs in March – The Department of Labor and Statics reported that 916,000 net new jobs were added in March. That number exceeded Dow Jones analysts’ expectations of 675,000 new jobs. The unempl...
Chinese Real Estate Investment Nosedives
Mar 30, 2021 Chinese investment in U.S. real estate last year declined by more than half, according to a Cushman & Wakefield report. The year 2017 saw a 55-percent plunge when compared to volume in 2015 and 2016 as Chinese investors spent only $7.3 billi...
Northridge Skateland Closes to Become Bridge Housing
Mar 23, 2021 Roller rink Skateland in Northridge has permanently closed after six decades, with the Northridge building slated to become a bridge housing facility through the nonprofit Hope of the Valley. “We would like to thank you, our loyal skaters,...