SPEG Realty

SPEG Realty Boutique, Real Estate Investment Banking Firm.

The pace of increase slowed as some home shoppers grew tired of bidding wars that have defined the pandemic market.
08/20/2021

The pace of increase slowed as some home shoppers grew tired of bidding wars that have defined the pandemic market.

The six-county region's median sales price — the point at which half the homes sold for more and half for less — reached $681,750 in July. That's up 17.5% from a year earlier but lower than the 20%-plus gains recorded since April.

Applications for the AC Boost loan program, which will disperse loans of up to $210,000 to chosen recipients, will be op...
08/19/2021

Applications for the AC Boost loan program, which will disperse loans of up to $210,000 to chosen recipients, will be open through Aug. 30, according to the county.

Alameda County announced the opening of applications Monday for more than $12 million in down payment assistance loans for residents seeking to buy their first home.

Buying a house remains the chief path to building wealth for most Americans, with home equity accounting for the biggest...
08/18/2021

Buying a house remains the chief path to building wealth for most Americans, with home equity accounting for the biggest portion of household net worth.

A recent Bankrate survey found that nearly 60 percent of Americans ages 18 to 34 have put off a major financial goal, such as buying a house or a car, because of the pandemic. More than half of those who have delayed real estate purchases expect to wait nine months or longer.

The industrial sector remains robust, down less than 9% from 2019 levels.
08/17/2021

The industrial sector remains robust, down less than 9% from 2019 levels.

The region — comprising Los Angeles, Ventura, Orange, Riverside, San Bernardino and San Diego Counties — has seen investment volumes total more than $20 billion through the first seven months of the year, marking a 30% increase over the same time frame a year ago.

Luxury home prices continue climbing, particularly in warm-weather markets including Austin, Phoenix and West Palm Beach...
08/16/2021

Luxury home prices continue climbing, particularly in warm-weather markets including Austin, Phoenix and West Palm Beach.

The median sale price of U.S. luxury homes and the country’s most affordable homes increased by 25.8 percent and 18.7 percent, respectively, year-over-year in the second quarter. Comparatively, prices of mid-priced and affordable homes grew only by 16 and 13 percent, respectively.

Closing costs in California typically range from 6% to 8% of total home sale price.
08/15/2021

Closing costs in California typically range from 6% to 8% of total home sale price.

While some closing costs are negotiable, California home sellers almost always pay for the following eight closing costs.

You’d think this whole solo home-selling thing would be crazy popular by now...right?
08/14/2021

You’d think this whole solo home-selling thing would be crazy popular by now...right?

So we were surprised digging into stats on selling your house yourself, also called For Sale By Owner or (FSBO — pronounced “Fizz-bo”) that these assumptions weren’t true. In fact, only 8% of sellers pursued the FSBO route in 2020. Before you put out the for-sale sign and make your open hous...

What credit score you need will depend heavily on the type of loan you qualify for.
08/13/2021

What credit score you need will depend heavily on the type of loan you qualify for.

Here are some things you need to consider!

Here are some quick solutions for your air conditioning woes.
08/12/2021

Here are some quick solutions for your air conditioning woes.

Here are a few steps to solve your air conditioner problems.

Bay Area home buyers might finally be getting a bit of a break — but they won’t end sellers’ reign over the market anyti...
08/12/2021

Bay Area home buyers might finally be getting a bit of a break — but they won’t end sellers’ reign over the market anytime soon, according to a new report from real estate listings site Zillow.

The San Francisco metropolitan area, defined by Zillow as Alameda, Contra Costa, San Francisco, San Mateo and Marin counties, has seen a steady rise in inventory since February, increasing by 260 from May to June to 8,406 homes for sale. That follows a descent that began in October, after months of....

The condo market has come roaring back.
08/10/2021

The condo market has come roaring back.

The condos are two of 40 that will trickle to market over the next year at Pendry Residences West Hollywood, a new hotel-condo hybrid opened by Montage Hotels & Resorts. The $500-million complex built on the former site of the House of Blues is one of multiple projects coming to the Sunset Strip as....

What if you have a debt that’s locked in at 3% or 4%? Does that debt need to be paid off, too?
08/09/2021

What if you have a debt that’s locked in at 3% or 4%? Does that debt need to be paid off, too?

If there’s one personal finance tenet you’ll see almost universal agreement on, it’s that you should pay off your high interest debts first and keep them paid off. What about low interest debts, though?

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1999 Avenue Of The Stars
Los Angeles, CA
90067

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+18444328432

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