As summer comes to an end and we adjust to different routines, we wanted to share a few ways to enjoy the lingering warm weather and get creative in the month ahead. Whether it's cheering on friends in the Malibu Triathlon, elevating your indoor plant game, or enjoying the best views of LA over a delicious meal, we've curated the best local events, home improvement tips, and tricks.
When it comes to the real estate market, we are continuing to see high demand and low inventory, so it's still a great time to sell, while mortgage rates are hovering near record lows giving buyers more for their money. View our market reports below to see exactly what's happening in your neighborhood.
This month, we are excited to offer 21424 Pacific Coast Highway for lease. Breathtaking ocean views, direct access to the beach, and a prime location just minutes from Malibu Pier, popular restaurants, and hiking trails. Don't miss this stunning Malibu beachfront sanctuary!
If you're interested in discussing the real estate market or buying/selling, contact us any time!
- Kathleen & Team
Foreign Buyers Spent $20 Billion Less on U.S. Real Estate
Travel restrictions associated with the coronavirus kept many foreign would-be buyers out of the U.S. last year - and that kept billions of their dollars out of the housing market. Home purchases by international buyers and recent immigrants plummeted 33% from the previous year, according to a recent National Association of Realtors® report. International purchasers spent roughly $54.4 billion on U.S. real estate -down considerably from about $74 billion a year earlier. But that doesn’t appear to have hurt the housing market overall.
Read more on Realtor
What, Exactly, Is Being Disrupted In The Real Estate Community Right Now?
In this most extraordinary of real estate environments, where according to both the Wall Street Journal and the Financial Times, U.S. residential real estate prices have grown in some cities by roughly 25% in one year alone, it can be challenging to even summarize the collective disruptive technologies bursting forth in the real estate community.
Read more on Forbes
What Buyers and Sellers Need To Know About the Appraisal Gap
It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals.
Read more here.
21424 Pacific Coast Highway, Malibu
3 beds | 3.5 baths | 3,080 sqft.
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