BLOG covering the Los Angeles, West Hollywood, Beverly Hills, Palm Springs and surrounding areas' Real Estate market. BLOG contributors are real estate agents from The Millennium Team at Keller Williams Realty Hollywood Hills.

Wednesday, August 29, 2007

Local Tree Doctor with a Conservationist Bent

In case you have questions about any of your trees...

August 27, 2007

Man in Trees

I’m sorry, miss. We’re going to have to operate.

When it comes to the family dogwood, that’s the last thing you want to hear. But when Josh Marcuson says so, you can trust that it’s for the best.
A tree doctor with a conservationist bent trained in jolly olde England, Marcuson is an ace in all things aboriculture — from verticillium wilt and canker diseases to proper pruning and public safety. And he’s got fierce saw skills to boot, which is particularly handy as he makes furniture on the side.

Call for a consultation for one issue (your date palm isn’t looking so hot) and he’ll not only tackle that (um, that’s because it’s from Africa) but also point out other issues you may not have suspected (there are beetles in your pine tree and that oily eucalyptus is too close to your house).

After all, you’ve got to see the forest for the trees.

Marcuson Tree Management (213-494-1899 or

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Tuesday, August 28, 2007

New-Home Sales Rose in July

Investor's Business Daily (08/27/07)

Sales of new homes bumped up 2.8 percent to an annualized pace of 870,000 units in July...Other statistics for July showed the supply of unsold properties down for the fourth consecutive month and the median price of a home up 0.6 percent from a year earlier, thanks to resilience in the luxury residential sector.

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Monday, August 27, 2007

An "Excellent Time to Buy," Especially with Good Credit

USA Today
Christine Dugas and Sandra Block

The credit crunch has turned into a buyer's market for consumers who have solid credit and the funds to contribute to a down payment. The average 30-year fixed mortgage rate fell to 6.52 percent last week, its lowest level in three months, as a result of declining yields for Treasury securities and the downturn in the housing market; and rates on adjustable mortgages are also down. Moreover...jumbo loans are still available thanks to community and national banks...conditions that improve the landscape for home buyers. "If you want to move up to a bigger house or buy a home for the first time, and you have the credit and qualifications to do so, it's an excellent time to buy."

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Sunday, August 26, 2007

Interest Rates Update!

Interest Rate Watch
Selected Rates as of August 23, 2007:
30 yr fixed:

15 yr. fixed:
1 yr. adj:

Contact me for up to minute updates
Anthony Vulin
310 461 1252


West Hollywood Real Estate Trends

We will be bringing you statistical data from the West Hollywood Real Estate market on a monthly basis. Anthony Vulin, Realtor To The Stars, will bring you the following:
1. Median Price Trends
2. Avg Days on the Market Trends
3. Active vs Sold Property Unit counts
...and othe fun stats!

Keep The Millennium Team blog book marked or subscribe to our blog to get the latest info on the Los Angeles Real Estate Market!

Anthony Vulin
Realtor To The Stars
310 461 1252
Keller Williams Realty

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Friday, August 24, 2007

Special Open House this Sunday!

The Millennium Team is hosting a very special open house this Sunday from 1-5 PM in the Hollywood Hills. 7548 Mulholland Dr. is a stunning architectural modern which is listed at 3.2 Million and is worth every penny! Check out all the pics at

Do you know anyone looking to buy or sell soon? Let us know and we'll get you a great thank you gift for the referral!

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Thursday, August 23, 2007

The Courtyards West Hollywood New Web Site

I just finished a new website for 950 Kings rd. West Hollywood 90069. The Courtyards West Hollywood is great condo complex that is one of the nicest and most resonably priced complexes. For info on units sold and units on the market, check out

Let me know if I can help you buy or sell real estate in LA!
Have a great day!

Anthony Vulin
Realtor to the stars
310 461 1252

Modern Masterpiece on Mulholland

We're pleased to share with you an exciting new listing, 7548 Mulholland Drive!

It’s a steal at $3,199,000, with 4 Bedrooms, 4.5 Bathrooms, approx 4600 Square Feet of living space, and a lot that measures more than 16,000 Square Feet.

This modern architectural marvel boasts a spacious open floor plan. The kitchen is state of the art with granite counter tops and high end appliances. Breathtaking canyon views can be seen through the picture perfect windows in nearly every room. This estate is gated and had a 3 car garage making it perfect for the buyer who values security & privacy. A large wooden deck overlooks the canyon with room for a spa, BBQ, and dining area. Also contains a large room which could be converted into a recording studio or home theater.

For pictures and additional information, please visit

Tuesday, March 27, 2007

L.A. housing market holds its ground

Never mind a sales slump and now sub-prime uncertainty, prices are on the rise.

By Diane Wedner, Times Staff WriterMarch 18, 2007

Whom do you believe? Last week came the gloomy news that the number of U.S. homes entering foreclosure is rising, and with it, more experts are predicting a meltdown of the sub-prime lending market. But that stares in the face of median home prices in Southern California still climbing the first two months of 2007, compared with 2006. In L.A. County, the median rose 8.2% in the two-month period, to $525,000.

Yes, fewer houses were sold, but the number remains well above the mid-'90s slump. Conventional wisdom late last year was that a downturn would stretch across the board by now — and most segments have seen appreciation declines and sales drop-offs — but the high-priced market, usually the first to head south, still is "doing just fine," said John Karevoll, chief analyst at La Jolla-based DataQuick Information Systems, a research firm.

The low- and mid-ranges, he added, are performing satisfactorily.Experts are not sure why the L.A. market is doing better than expected. One explanation is that sellers have been pricing their homes more realistically, and buyers get that sellers aren't giving away their homes in a fire sale, said Leslie Appleton-Young, chief economist for the California Assn. of Realtors. As a result, the sales dropoff has slowed, giving everyone a breather."The year 2006 was a steep learning curve for buyers and sellers, but we didn't plunge into the abyss," Appleton-Young said. "Buyers who were on the sideline in 2006 are back in."

In the six counties of Southern California, the median price of a home — the point at which half the homes sell for more and half for less — was $489,500 in January and February combined, up 5.5% from the same period a year ago, according to DataQuick. San Diego County reported the steepest decline: 5.9%, to $475,000."Prices are still cooking," Karevoll said. They hit a record for L.A. County in February, rising to $528,000, up 7.8% from a year ago. Orange County's median price, however, dipped 0.4%, to $620,000.

Sales continued to fall the first two months of this year, but at a less torrid pace than in mid-2006. Sales in the Southland's six counties fell 18% from a year ago. The Inland Empire posted the steepest decline, at 33.1%.Some housing experts believe the market may be nearing the bottom. This spring and the next six months will be "very informative," said Delores Conway, director of the Casden Real Estate Economics Forecast at USC."Much depends on how much the supply of existing homes go up, which could push prices down," Conway said. "If there are sufficient buyers out there, though, that won't happen."All of this is small comfort to the borrowers with bad credit who jumped at the chance for easy money and signed up for mortgages much larger than they could handle.

They figured their homes would appreciate and D-day (due day) wouldn't come. Well, it did. The big question swirling around the water cooler today is how big an effect the sub-prime lending industry's burgeoning meltdown will have on home buying and Wall Street. First-time buyers, especially, will have difficulty pulling together the 20% down payment required for conventional loans, experts say.

The percentage of U.S. mortgages entering foreclosure during the fourth quarter last year rose to 0.54%, according to the Mortgage Bankers Assn., the highest since the group began issuing reports in 1972. Of California's 5.6 million mortgages, 0.15% entered foreclosure and 3.25% were delinquent.Among California's 806,022 sub-prime home loans, nearly 11% were delinquent, compared with 13% nationally.

To put this into perspective, a small percentage of homeowners who are late with their payments end up in foreclosure. The majority refinance or sell. Not all experts are worried. "The fact is, the vast majority of those who buy homes do it with straightforward mortgages," Karevoll said. "Sub-prime lending is a sub-category of a sub-category. There is a ton of mortgage money out there."Fears prompted by the rising numbers of homeowners entering the foreclosure process — a glut of such homes could spark price declines — also are overblown, Conway said.

Although there are more today than during the 2004-05 boom, she said, delinquencies are at historically normal levels. The bottom line, experts say, is that no one can predict exactly which way the market will go this spring, traditionally the top season for buying and selling."There's a lot of uncertainty floating out there," DataQuick analyst Andrew LePage said. "It's hard to be bullish or bearish at this point."