Changing cultural attitudes and skyrocketing home prices have boosted demand for condominiums this year, experts say. For many young adults, condos are the only affordable path to homeownership in urban areas near jobs and entertainment.
The City of Glendale recently awarded the Mayor’s Commendation to the Glendale Association of REALTORS® (GAOR) for its Gold Level Sponsorship of the 25th Annual Great American Clean Up held on May 18, 2013.
As you may know, the Department of Real Estate will fall under the Department of Consumer Affairs starting July 1st. While there are changes, many things are expected to remain the same including the same Business and Professions Codes and Regulations. There are couple of issues which do warrant your attention. These include:
1. A new commissioner, Wayne Bell was just appointed.
2. While the Department of Consumer Affairs is divided into bureaus, the Department of Real Estate will still be called the "Department of Real Estate," even though it will be under the DCA.
Glendale City Council has recently approved an electricity rate increase totaling 29% over the next five years. As a result, Glendale businesses and residents will see an approximate system average hike of 8% this year and 7%, 5%, 2% and 2% in following years.
What Consumers & Real Estate Agents Should Know
While not a new concept for veteran real estate agents, the terms "off-MLS" or "pocket" listings may be an unfamiliar phrase to many consumers and some newer agents. Home sellers and agents should nevertheless be aware that the practice can adversely affect their goal of getting the best price reasonably possible for their homes.
DAILY REAL ESTATE NEWS | FRIDAY, MARCH 22, 2013
"Location, location, location near public transportation" may be the new real-estate mantra according to a new study released today by the American Public Transportation Association and the National Association of REALTORS®. Data in the study reveals that during the last recession, residential property values performed 42 percent better on average if they were located near public transportation with high-frequency service.
"When homes are located near public transportation, it is the equivalent of creating housing as desirable as beachfront property," APTA President and CEO Michael Melaniphy said.