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  • Market Update April 18th Edition

Market Update April 18th Edition

  • April 18th, 2014

Market Update April 18th Edition

In a positive sign for the real estate market in this Market Update April 18th Edition, housing starts picked up in March. Although not as much as expected, the increase was welcome news for a market that has not seen growth in recent months as so many experts has predicted would occur. The best part of the report is that the strength in the data came from the single-family component. Overall starts rose 2.8 percent after a 1.9 percent increase in February. Although housing starts are down 5.9 percent from the same time last year, the gap seems to be closing. Single-family starts jumped 6.0 percent, following a 2.9 percent rise the month before.

A larger than anticipated decline in mortgage rates over the last few weeks has rekindled some of the fire for homeowners to refinance their existing loans. The Mortgage Bankers Association reported that in the prior week refinance applications jumped 7.0 percent. Purchase applications were not impacted in the same way as they only inched up a mere 1.0 percent. Next week the FHFA House Price Index along with the existing, and new home sales reports will be released. Early speculation on the reports is that they will continue to show a modest improvement in the housing market. (Stay tuned for next week’s report for all the details)

Additional positive news for the housing market in this week’s Market Update April 18th Edition, surging home prices have helped nearly two million homeowners get back above water on their mortgages over the past year. During the first quarter of 2014, an estimated 9.1 million, or 17%, of homeowners were seriously underwater on their home, Seriously underwater is defined as their mortgage debts exceeds the value of their home by 25% or more according to RealtyTrac. This number is down from 10.9 million which represented 26%, of all properties a year earlier.

It seems that spring is here according to this Market Update April 18th Edition. The economy is beginning to feel the bounce of consumers coming out from the winter doldrums. At least when it comes to retail sales. Sales grew 1.1 percent in March after rebounding 0.7 percent in February. Although much of the latest increase came from motor vehicle sales, which rose 3.1 percent, following a 2.5 percent rebound in February, the increase is a welcome sign. Even when you take out motor vehicle sales from the report, sales still increased a strong 0.7 percent, following a gain of 0.3 percent in February. American Express reiterated the report of the improving retail market with a stronger than expected profit report for the first quarter of 2014.

Investors welcomed comments from Fed Chair Janet Yellen in that the Fed plans on keeping rates at historic lows for an extended period of time. The Fed reiterated that they plan to continue on the path of tapering the government bond buying stimulus program as planned. Where it was expected that the government tapering would have a dramatic impact on causing mortgage rates to increase, thus far there has been minimal impact on rates. Although mortgage rates are higher than the record lows we have seen in years past, mortgage rates are still very low and have had minimal impact on home affordability.

Next week the potential market reports are:

· Tuesday April 22nd – FHFA House Price Index and Existing Home Sales

· Wednesday April 23rd – MBA Applications and New Home Sales

· Thursday April 24th – First Time Jobless Claims and Durable Goods Orders

· Friday April 25th – Consumer Sentiment

As your mortgage professional, I am happy to assist you with any information you may need regarding mortgage or real estate trends. I welcome the opportunity to serve you in any way I possibly can. Please feel free to reach me at (626) 486-1775.

For weekly market updates like this Market Update April 18th Edition, like our Facebook Page.

  • 420 San Juan Place, Pasadena

420 San Juan Place, Pasadena

  • April 17th, 2014

420 San Juan Place, Pasadena

420 San Juan Place is nestled in a quiet cul-de-sac in southeast Pasadena. The three bedroom, two bath home is a California ranch that has recently been renovated by Gregg D. Ander, an award winning architect, as his personal residence.

Watch our video tour of 420 San Juan Place

420 San Juan Place is a gorgeous home on the outside. You are greeted lots of greenery and a charming path that leads to the front entryway. From the entryway, you have access to the formal dining area and living room. Vertical windows that offer a gorgeous view of the landscaping outside surround the formal dining area. The hardwood floors that run through out the home are brightened by all the natural lighting that flood through these unique windows. The living area is spacious and has a beautiful fireplace that gives the open room a cozy feel.

Off to the side of the entry way is access to the remodeled kitchen. 420 San Juan Place features beautiful maple cabinets and granite counter tops. There is recessed and under-counter lighting, as well as GE stainless-steel appliances. The kitchen features a breakfast nook as well as a breakfast bar. This allows plenty of seating options, which is ideal for entertaining.

From the kitchen one can access the true pride of the home – the family room. The family room is spacious – perfect for large families, or for the family that has plenty of friends that may as well be family. The room features a vaulted, open-beamed ceiling. The wall of French doors and windows offers a beautiful view of the pool and patio area. This also allows the room to be naturally lit by the outside lighting. There are hardwood floors, a fireplace, built-in desk, stereo cabinet, and the breakfast bar area that is attached to the kitchen.

420 San Juan Place has three bedrooms, one of which is the master suite. There is also a spacious home office that could be repurposed as a guest room. The home office features beautiful floor-to-ceiling bookcases, complete with a library ladder. There is a large picture window that offers views of the backyard, and high ceilings to tie the room together.

The separate laundry room leads to the attached garage, which is also a wonderful piece of the home. It features a custom, roll-up door and a pull-down staircase that gives access to extra storage. Perfect for tucking those holiday decorations away until next year.

The backyard is beautifully designed. It features a large pool as well as a patio area that is perfect for dining alfresco. Just behind the patio is a charming lawn that is perfect for letting the kids play on. There is lots of gorgeous landscaping throughout the yard that offers privacy and tranquility.

Additional features of 420 San Juan Place:

• 2,312 Square foot home
• 7,165 Square foot lot
• Newer 40-year roof
• Extensive custom lighting
• Nest thermostat
• Built-in rear home theater speakers
• Abundant storage
• Many upgraded dual-paned windows
• Pool and patio with landscape lighting.
• Price: $1,150,000

For More information on 420 San Juan Place in Pasadena, contact Roland Wilhelm.

To get pre approved for this property, think of us at Delawari Financial. For more listings and market updates, check out my Facebook Page.

  • The ACA Simplified

The ACA Simplified

  • April 17th, 2014

The ACA Simplified

The Affordable Care Act (ACA) can be incredibly confusing. It doesn’t help that it has many nicknames, but one of the most popular is Obamacare. Here at Delawari Financial, we are here to help clear things up as much as possible, so we are going to get the ACA simplified.

The ACA is having, and will have, a major impact on our economy. In fact, the ACA controls the largest industry in America – healthcare. Healthcare represents $2.8 trillion dollars. That’s 17 percent of our economy. To put this into perspective, our healthcare industry is larger than all of France’s economy!

I visited Blake Longo from A.J. Longo & Associates, which has been insuring Southern California businesses since 1970. He tackles some of the most frequently asked questions for us.

Watch Our Video on the ACA Simplified

Most bills of legislation average about 500 to 600 pages. With the ACA, it originated in 2,700 pages. The total number of pages is predicted to be 300,000 pages by the time legislation is complete. This finalization is expected to take about 10 years for bureaucrats to complete. All in all, keeping the ACA simplified, the legislation will most likely change by as much as 25 percent over the next 10 years as it evolves.

The ACA Simplified through 2 basic questions

What is the most profound change with the ACA?

The new law opens up the individual access to medical care without medical underwriting or exclusions for pre-existing conditions.

Are there any concerns about the ACA?

The biggest concern is how to pay for the new law. The medical field is constantly evolving and coming up with all sorts of different treatment options. Since there is so much that can be done, costs keep rising. The Federal government will have to contribute funds on an ongoing basis to help fund the ACA. Unfortunately, the impact of the new subscribers is really unknown at this point.

Medical plans are put into place to help create a financing system for providing healthcare. People can expect to see continual increases due to the ongoing increases in medical care costs.

Despite a bumpy start, the law seems here to stay. As time goes on and the legislation is written, the kinks will be ironed out of the ACA and it will no longer need to be simplified.

For more information on finances and to see great listings, like my Facebook Page

  • 3280 Hermanos St, Pasadena

3280 Hermanos St, Pasadena

  • April 11th, 2014

3280 Hermanos St, Pasadena

3280 Hermanos St is located in a desirable Pasadena neighborhood near Daisy Village. It has a prime location because it is close to restaurant and shops as well as being walking distance from the Metro Gold Line.

Watch our video tour of 3280 Hermanos St

3280 Hermanos St was recently remodeled. It’s a perfect home for first time homebuyers, step-up homebuyers, or those looking to scale down.

This charming home is 1,502 square feet, has three bedrooms and two full bathrooms. The home was built in 1947 and was originally a two bedroom, 980 square foot home. Since September, it has been completely remodeled and sits on a 7,405 square foot lot.

3280 Hermanos St has an open floor plan when you walk inside. Beautiful hardwood floors greet you as you enter the home. A beautiful fireplace sits just inside the home and gives it a cozy feel.

Walk further into the home and see the beautifully remodeled kitchen. There are high ceilings, dark wood cabinetry, and stainless steel appliances. The kitchen opens up into a dining area.

This home is really great for entertaining guests as the open floor plan allows easy flow from room to room. This makes it easy to accommodate large guest numbers. The backyard is also spacious and is a wonderful place to entertain as well.

Additional features of 3280 Hermanos St:
• Remodeled bathrooms
• Remodeled kitchen
• Stainless steel appliances
• New plumbing
• New tankless water heater
• New wiring
• New roof
• New irrigation front and back
• Move-in ready
• Offered at: $699,000

For more information on 3280 Hermanos St, contact Laurie Turney.

To get preapproved for this property or for other finance needs, contact us at Delawari Financial.

For more listings and market updates, like our Facebook Page.

  • 3220 Lowry Rd, Los Angeles

3220 Lowry Rd, Los Angeles

  • April 11th, 2014

3220 Lowry Rd, Los Angeles

3220 Lowry Rd is located in the Los Feliz area of Los Angeles. This three bedroom, four bathroom home, complete with a full guest house, is in walking distance of the shops on Hillhurst.

Watch our video tour of 3220 Lowry Rd

3220 Lowry Rd is a beautiful home built in 1925. It’s truly a Spanish Beauty, with a character all its own. As you pull up to the property, your eye will be drawn to the beautiful red door, nestled between full-grown hedges. The red door once belonged to Gregory Peck, and served as the door that led to his wine cellar. The hedges offer complete privacy for this wonderful home.

Upon walking through the gorgeous red door, 3220 Lowry Rd will take your breath away with its beauty and style. The gorgeous greenery doesn’t end once you walk past the matured hedges.

3220 Lowry Rd has a beautiful, step down living room. It has coved ceilings, hardwood floors and a fireplace. The large window looks out onto the front lawn at the large tree, giving the home lots of light. The hedges truly maintain the privacy of one’s home by allowing the homeowner to enjoy the outside view without others, passing by, be able to see in.

The library is located adjacent to the formal living room. The home features an open floor plan, allowing an easy flow from room to room. This formal library features a built in shelving unit and a picturesque window to allow lighting to naturally enter the home. It makes for great reading light.

3220 Lowry Rd also features a formal dining room area that is open to the kitchen. The antique, terra cotta floors run between the two. The kitchen has an Italian farmhouse feel with its custom wood cabinetry. Windows can be found on three sides of the room, allowing for natural lighting to fill the dining room and kitchen.

The lowest level of 3220 Lowry Rd has a home gym or office area, complete with laundry space and a half bath. This is a great way to give separation between home and work for those who work at home, or is a spacious area for those who like a good workout from the convenience of their own home.

Upstairs there are three bedrooms, complete with beautiful views of Silver Lake, the treetops and Los Feliz in the background.

Outside, in the backyard, there is the large, flat, grassy yard. 3220 Lowry Rd has several fruit trees, and of course the mature hedges wrapping around the home. This offers privacy and tranquility as you and your family enjoy your yard.

There is a large guesthouse, which features hardwood floors, French doors, and a kitchenette. This is a great place for those guests with an extended stay.

Additional features of 3220 Lowry Rd:

• built in 1925

• 3 bedrooms
4 baths

• full guest house
street to street lot
• Offered at $1,250,000
For more information on 3220 Lowry Rd contact Jimmy Wilson.

For more listings like these, and to get market updates each week, like our Facebook Page.

  • Market Update Apr 11 Edition

Market Update Apr 11 Edition

  • April 11th, 2014

Market Update Apr 11 Edition

In this Market Update Apr 11 Edition, we learned What was shaping up to be a typical trading week in the stock market radically changed on Thursday. Monday through Wednesday trading volume was moderate and the indices remained in close proximity to plus or minus 100 points on a daily basis. Thursday the market, almost from the opening bell, tanked. By the time the smoke cleared the DOW had dropped 266 points. What was even more eye catching was that the tech heavy NASDAQ plummeted just under 130 points. It is extremely rare for this index to have triple digit declines in a single trading session whereas with the DOW it is far more common place.

Investors on Wall Street were asked their opinion for the major sell off in the tech sector and there seemed to be little common reasoning amongst investors. Some felt that because of the recent run up in the tech sector, some investors were just looking to cash out their profits. Others felt that some tech stocks had risen too quickly and that a fall was coming sooner than later so they cashed out in order to avoid getting caught short. Unfortunately once momentum of selling starts, regardless of the motivation, it takes on a life of its own which also seems to be playing a role in Thursday’s losses.

The investor who tends to be less active in day to day trading will often jump into the selling fray when they see the market tanking. They may not even know or understand what is really happening. However what they do know is that they want to mitigate their losses and the only way to do that is sell. When you have thousands of investors jumping in to sell at the same time, the market tanks even though there may not be any real justifiable reason for selling at that moment in time other than false panic.

As far as real news which could have had the potential to impact the markets, that came and went with little fanfare in this Market Update Apr 11 Edition. On Wednesday the Federal Open Market Committee minutes were released. As expected, the committee intends on keeping monetary policy loose for the coming years. What this means is that interest rates are expected to be kept artificially low even though the Fed is continuing to taper their stimulus program a little more each month as scheduled.

The first time jobless claims report released on Thursday showed claims to be at their lowest point in 10 years. Claims were 300,000 which was approximately 20,000 lower than most experts anticipated. The spring holiday time of Easter and Passover can have an impact in employment numbers. Additionally, in the month of April, Spring Break is happening for many school districts around the country and that has many people going on vacation during the month.

Mortgage applications for home purchases increased 3.0 percent according to the Mortgage Bankers Association of America. Refinance applications declined by 5.0 percent.

Next week the potential market reports are:

· Monday April 14th – Retail Sales

· Tuesday April 15th – Consumer Price Index

· Wednesday April 16th – MBA Applications, Housing Starts and Industrial Production

· Thursday April 17th – First Time Jobless Claims

· Friday April 18th – Good Friday; Markets Closed

As your mortgage professional, I am happy to assist you with any information you may need regarding mortgage or real estate trends. I welcome the opportunity to serve you in any way I possibly can. Please feel free to reach me at (626) 486-1775

For information like this Market Update Apr 11 Edition, like our Facebook Page.

  • Pasadena Ranked Number Five In Healthiest Mid-Sized Cities

Pasadena Ranked Number Five In Healthiest Mid-Sized Cities

  • April 9th, 2014

Pasadena Ranked Number Five In Healthiest Mid-Sized Cities.
MyLife recently conducted a study on The 10 Healthiest Mid-Sized Cities. Pasadena ranked number FIVE on their list out of 189 other mid-sized cities. Way to go Pasadena!

MyLife conducted their research based off of the following criteria:

• Number of fast food restaurants.
• Number of hiking, walking, and biking trails.
• Obesity Rate.
• Walk Score.
• Number of Gyms and Rec Centers.

Pasadena came in just below Boulder, CO., Samford, CT., Berkeley, CA., and Cambridge, MA. The article says “Because of their ranking 24th or better in four different categories, they were able to claim the title of one of the healthiest cities as well.”

With criteria based in five categories, it is a well-deserved pat on the back for Pasadena to excel in 80 percent of the study.

MyLife also has some great demographics about Pasadena. Fitness is ranked number three in Pasadena’s top interests and hobbies. This list also features art, clothing, home décor, domestic travel, travel, volunteer work, and sports.

Pasadena is a wonderful place to live, although we may be a little biased considering we live and work in Pasadena. But, regardless, Pasadena is a great place to live. Plenty of opportunities to hike, workout, and many options from local farmers markets to restaurants dedicated to healthy food.

Pasadena ranked number five for a reason. That reason is all those wonderful residents and community members dedicated to Pasadena.

Hiking is definitely a strong suit in getting Pasadena ranked number five. Eaton Canyon offers simple hikes for those looking to be active. But there are many tougher, longer hikes for those who love to enjoy the scenery. Try Henninger Flats for a six-mile, three-hour hike. That will get your heart pumping!

For a great post-workout stop, there are many great restaurants in Pasadena. Try Tender Greens. They are known for providing healthy choices for people on the go.

Tell us what your favorite place is to workout, grab a healthy bite to eat, or to enjoy the great out doors on our Facebook Page!

  • 630 West Hillcrest Blvd, Monrovia

630 West Hillcrest Blvd, Monrovia

  • April 8th, 2014

630 West Hillcrest Blvd, Monrovia

630 West Hillcrest Blvd is located in Monrovia. Monrovia is located in the foothills of the San Gabriel Mountains of the San Gabriel Valley. Monrovia is a gorgeous location that has been used for filming TV shows, movies, and commercials.
Watch our video tour of 630 West Hillcrest Blvd
630 West Hillcrest Blvd is on the market for the first time in 42 years. It is a beautiful home that has been shown a lot of love over the years. It is located a few blocks away from Mayflower Elementary School, which is an award winning school. The neighborhood is ideal for families.

The home has 2,323 square feet with an 11,457 square foot lot. 630 West Hillcrest Blvd has three bedrooms and two bathrooms and a drive through two-car garage. It’s a beautiful home with lots of greenery and a large, beautiful tree that pops up in the front yard.

Enter 630 West Hillcrest Blvd through the cheery red door. You will be greeted by a living room on one side, and a door that opens up to the dining room on the other. The living room features large picturesque windows. They look out on to the front lawn with the beautiful, mountain view in the background. A gorgeous fireplace livens up the room. The large, open floor plan offers plenty of space – a great home for gatherings.

The living room opens up to a family room, which is equally as spacious. The family room also features a wonderful fireplace, has a staircase to access the second floor, and has a beautiful, sliding glass door that opens up the massive backyard.

From the family room, you can access the kitchen. The kitchen is newly remodeled with beautiful granite counter tops. It has an abundance of counter space as well as cabinet space to easily store everything in once place. The kitchen also has access to the formal dining room.

The dining room features doors from both entryways to provide a more private dining experience.

Downstairs features two bedrooms, which share a full bathroom. The bedrooms have beautiful lighting and gorgeous flooring.

The second floor is solely dedicated to the master suite. It is spacious with a sitting area, walk-in closet, beautiful views and a full bathroom. The bathroom features two sinks and lots of counter space – perfect for him and her.

Walk outside through the beautiful sliding glass door in the family room and onto the white deck. Step down into your perfect backyard. It has a swimming pool and a lawn that runs along side of it. There is also a covered patio by the main house, and a bonus room with a spa.
Additional Features of 630 West Hillcrest Blvd
• Home: 2323 Square Feet (Per Assessor).
• Lot: 11,457 Square Feet (Per Assessor).
• Bonus Space/Pool Room: 566 Square Feet (Measured).
• Built: 1946.
• Three Bedrooms.
• Two Bathrooms.
• New Flooring.
• Remodeled Kitchen.
• Formal Dining Room.
• Spacious Master Suite.
• New Central HVAC.
• New Roof.
• Pool with New Pool Sweep.
• Award Winning Mayflower Elementary.
• Drive Through 2 Car Garage.
• Price: $849,000.

For more information on 630 West Hillcrest Blvd, contact The Berns Team, and to get preapproved for this home make sure to contact me at Delawari Financial.

To watch for more great listings, be sure to like us on Facebook!

  • Market Update April 4 Edition

Market Update April 4 Edition

  • April 4th, 2014

Market Update April 4 Edition

The stock market in this Market Update April 4 Edition has shown signs of life and growth. The large jumps and drops we have all become so accustomed to lately have subsided for the time being and that creates confidence in the economy. The lack of any significant economic news or world events has investors enjoying trading stability.

As is normal, the first week of the month is when the employment data is released. On Wednesday the ADP report was released and they estimated private payrolls to have increased a strong 191,000. This follows an upwardly revised 178,000 from the prior month. Although the ADP report does carry some weight with investor behavior, all eyes for the week remained on the Labor Department’s employment report released on Friday.

At 8:30AM on Friday the Labor Department reported that the labor force hit a milestone in the month of March. The March employment report showed an addition of 192,000 jobs. This marks the first time since the Great Recession that the labor force has returned to the peak numbers of employed which occurred back in 2008. Essentially what is being stated is that all of the private sector jobs lost in the recession have been recovered back into the labor force. The unemployment rate remained steady at 6.7%. Despite this past winter being one of the harshest on record, the unemployment rate did not appear to be significantly impacted.

Last week’s newsletter carried a lot of data regarding housing which left this Market Update April 4 Edition absent of any major market moving housing reports. However, as always there is something happening in real estate and a report to be found. The Mortgage Bankers Association announced on Wednesday that purchase applications increased a minor 1.0 percent in the prior week. Any increase is welcome however applications for purchases are still 17 percent below the same time last year. Mortgage rates have been creeping up ever so slowly and the increase does effect refinance applications. The MBA report showed applications for refinances declined by 3.0 percent.

In February, spending for new construction edged up 0,1 percent following a decline of 0.2 percent in January. The strength in the report comes from the private nonresidential area of the market. Spending for private residential construction declined 0.8 percent following a boost in January of 1.3 percent. The one real positive to the report is that overall construction spending is 8.7 percent higher than a year ago.

The biggest challenge facing the housing market today is the limited inventory available. There is absolutely no shortage of homebuyers searching for homes. The challenge they face is locating a home as homeowners still remain very slow to place their homes on the market for sale. There has been an upswing in recent weeks, but not quite as much as is typical for the start of the spring market.

Next week the potential market reports are:

· Wednesday April 9th – MBA Applications and FOMC Minutes

· Thursday April 10th – First Time Jobless Claims

· Friday April 11th – Producer Price Index

As your mortgage professional, I am happy to assist you with any information you may need regarding mortgage or real estate trends. I welcome the opportunity to serve you in any way I possibly can. Please feel free to reach me at (626) 486-1775.

And to stay up-to-date with all market updates like this Market Update April 4 Edition, like our Facebook Page!

  • 661 Dimmick Dr, Los Angeles

661 Dimmick Dr, Los Angeles

  • April 1st, 2014

661 Dimmick Dr, Los Angeles

661 Dimmick Dr is a remodeled mid century home that was built in 1968. The home features four generously sized bedrooms, and three bathrooms. Brookside Investments did the remodel beautifully.

Watch our Video Tour of 661 Dimmick Dr

661 Dimmick Drive is a unique style home with the first floor being slightly elevated, followed by a lower level that is still above ground. The property offers gorgeous leading lines, unique colors, and is surrounded by several varieties of beautiful trees that offer a pleasing view for the eyes and gives the scenery beautiful depth.

Walk into 661 Dimmick Drive and be welcomed by a large, open floor plan. A spacious living room opens up to a dining area and a kitchen as well. All areas are filled wit natural lighting from the large sliding glass doors in the living room, as well as the skylights that are located right above the dining area.

The sliding glass doors lead outside to a beautiful deck. This is perfect if you enjoy dining al fresco, or just enjoy getting some fresh Mt. Washington air.

The gourmet kitchen features bamboo flooring as well as high-grade appliances. It features a charming breakfast bar area that is perfectly placed to look out the kitchen window and see the hills.

The lower level features a large spacious area that would make a great second living room. This area also has a bar and sink, which would be perfect if you are looking for a workspace. The lower level would offer a great place to work at home, away from home.

Price: $939,000

For more information about 661 Dimmick Dr in Los Angeles, contact Steve Clark. To get preapproved for this property, don’t forget us here at Delawari Financial.

To see all of our latest listings, and to get market updates every week, like our Facebook Page.