Hancock Park Blood Drive at Larchmont Sanctuary Spa on Monday August 22 from 2-8PM

xcgXpaMcALarchmont Sanctuary Spa Hosts Blood Drive

As part of our ongoing community wellness activities, Larchmont Sanctuary Spa is proud to host a blood drive on Monday August 22nd from 2:00 – 8:00pm at 331 N Larchmont Blvd.

For most people the decision to donate blood is a very personal one.  Statistically speaking, either you or a friend/family member will need an infusion of donated blood at some point in their lives.  That blood came from someone like you who was willing to help a stranger going through cancer treatments, recovering from surgery or dealing with some other medical condition.

For the recipient of the blood the value is clear – it’s the gift of life.  For the donor, the value is knowing that you made a difference in someone else’s life at the point they needed it the most.

Donating blood is incredibly important and only takes a few minutes.  Be a Hero today and register at www.RedCrossBlood.org or www.RedCross.org/prepare/mobile-apps using sponsor code Larchmont.

Posted in Gossip, News, Fun, Hancock Park Real Estate News, Things To Do near Hancock Park | Comments Off on Hancock Park Blood Drive at Larchmont Sanctuary Spa on Monday August 22 from 2-8PM

An Interest Rate Increase for Mortgages just Came one Step closer to a Reality

resizetofitJuly’s Employment report. showed that 255,000 new jobs were added to the economy last month, exceeding forecasts of 185,000. The unemployment rate remained at 4.9% even though analysts were expecting to see 4.8%. However, the important headline was the payroll number that blew past expectations for the second consecutive month and indicates the employment sector is indeed strengthening after spring volatility.

This was clearly bad news for mortgage rates.

Another negative in this morning’s report that is worth noting is the 0.3% increase in average hourly earnings. This reading has picked up its pace this year.  Rising wages helps fuel inflation. If inflation strengthens, more Fed rate hikes are likely in the near future.

Overall, today’s report was not what mortgage shoppers wanted to see. What the report also does is raise the possibility of a September rate hike by the Fed. Watch for that theory to become a major talking point over the next several weeks. But also keep in mind that the Bank of England just cut rates over economic growth concerns and there are still issues on the global level that are a threat to our growth.

Posted in General Real Estate News, Gossip, News, Fun, Hancock Park Real Estate News | Comments Off on An Interest Rate Increase for Mortgages just Came one Step closer to a Reality

Brexit Vote Drives Down Mortgage Rates, Results Show

Slow growth in China and the Brexit vote in the U.K., have played a major role in driving down mortgage rates, according to Freddie Mac’s recently released monthly Outlook for July. In the most recent Primary Mortgage Market Survey, the 30-year fixed-rate mortgage fell to 3.41 percent, just slightly above the all-time record low. This is likely to result in a boost in housing activity, particularly refinance, as homeowners take advantage of the current low rates.

“With the U.K.’s decision to exit from the European Union, global risks increased substantially leading us to revise our views for the remainder of 2016 and all of 2017,” says Sean Becketti, chief economist, Freddie Mac.

“Nonetheless, the turbulence abroad should continue to create demand for U.S. Treasuries and keep mortgage rates near historic lows; thereby, allowing home sales to have their best year in a decade, along with a boost in refinance activity.”

Results lead experts to expect growth rebound in the remaining quarters of 2016 to show GDP at 1.9 and 2.2 percent in 2016 and 2017. In light of recent global pressures, the 30-year, fixed-rate mortgage forecast has been revised down for both 2016 (by 30 basis points) and 2017 (by 50 basis points) to 3.6 percent and 4.0 percent, respectively.

Based on these low mortgage rates, expect the refinance share of originations to rise to 49 percent for 2016, 8 percentage points above last month’s forecast. This translates to about $100 billion more in originations, bringing the total for 2016 to $1,825 billion.

With June’s much-improved employment report over May’s release, expect unemployment to average 4.9 percent in 2016 and 4.8 percent in 2017.

The house price appreciation forecast for 2016 remains at 5.0 percent, and in 2017, 4.0 percent.

For more information, visit www.freddiemac.com.

Posted in General Real Estate News, Gossip, News, Fun, Hancock Park Real Estate News | Comments Off on Brexit Vote Drives Down Mortgage Rates, Results Show

LACMA Offers One-Day Workshop: Collage in Fine Art | Sept 8 or Sept 15 | $35

IMG_1517_0View works of art from the museum’s collection that incorporate collage techniques. In the studio, use a variety of materials, such as paint, pens, pastels, and decorated papers, to create your own mixed media collage paintings. Students are welcome to bring their own special mementos to add to their artworks. Led by artist Rosanne Kleinerman.

LACMA | L.A. Times Central Court
$30 members; $35 general public | 
Purchase Tickets
Note: For ticketing support, contact boxoffice@lacma.org

Posted in Gossip, News, Fun, Things To Do near Hancock Park | Comments Off on LACMA Offers One-Day Workshop: Collage in Fine Art | Sept 8 or Sept 15 | $35

650 Wilcox Avenue Townhouse Open Sunday July 24, 2-5PM $1,029,000 with Low HOA Dues

654Wilcox-001650Wilcox-012650Wilcox-023650Wilcox-007650Wilcox-0031702 Sq ft. 3 Bedroom 3 Bath Townhouse650Wilcox-009

Posted in General Real Estate News, Gossip, News, Fun, Hancock Park Real Estate News | Comments Off on 650 Wilcox Avenue Townhouse Open Sunday July 24, 2-5PM $1,029,000 with Low HOA Dues

Coldwell Banker’s Luxury Market Report Spring 2016

LMR-Cover-SPRING_16_2.3NFFinal1-360x438Real Estate News Archives – Previews Inside Out

Want to find out the current state of the high-end residential real estate sector and what’s impacting buying trends in major luxury epicenters? The latest Luxury Market Report published by the Coldwell Banker Previews International® program answers this question by tracking market activity in top luxury cities across the United States and abroad.

Download Here

Posted in General Real Estate News, Gossip, News, Fun, Hancock Park Real Estate News | Comments Off on Coldwell Banker’s Luxury Market Report Spring 2016

Coldwell Banker’s Commitment to the Luxury Market

Craig-Hogan-Header-475x475Craig Hogan, VP of luxury for Coldwell Banker Real Estate LLC, contemplates the meaning of “exceptional” and excellent service in luxury real estate.Creating Exceptional Experiences in Real Estate – Previews Inside Out

“This is a new era for the luxury division at Coldwell Banker. Expect nothing but the best from us in the coming months, as we look to create the ultimate luxury consumer experience: the launch of our next issue of Homes & Estates magazine with the most extensive global distribution to date, our new partnership with James Edition that will showcase our luxury listings on the world’s leading online luxury marketplace and the debut of our new global online destination for all Coldwell Banker luxury listings. Our commitment to excellence is stronger than ever. Come experience the exceptional.”

 

 

Posted in General Real Estate News, Gossip, News, Fun, Hancock Park Real Estate News | Comments Off on Coldwell Banker’s Commitment to the Luxury Market

Hancock Park Estate Home Sales for First Half of 2016 Stay Strong !

Hancock Park Estate Home Sales    2015                                2016

Homes Sold                                           23                                   23
Days on Market                                    80                                   66
Home Sq footage                                 4993                               5268
Lot Sq footage                                      16,870                            15,298
Home Cost Per Sq Ft                          $803                               $789
Lot Cost Per Sq Ft                               $245                               $284

Some Observations: Fewer Days on Market
Buyers willing to pay Higher Prices for Homes on Smaller Lots

Only Properties that are located on “Estate Home” Blocks are Included.

 

Posted in General Real Estate News, Gossip, News, Fun, Hancock Park Real Estate News | Comments Off on Hancock Park Estate Home Sales for First Half of 2016 Stay Strong !