Neil Singerman, L.A. Westside Homes for Sale

I am a licensed Real Estate Agent in the State of California CalBRE#01097970 Rodeo Realty.

Neil Singerman has been in sales and marketing for over thirty years. He began his career in the medical industry in 1976. After 25 years in the medical industry, he decided to enter the real estate industry in 1991. His passion is serving clients’ needs and exceeding their expectations. Neil was quoted as saying, “Nothing is more rewarding than watching a client’s face light up when you walk them into the home of their dreams. I love facilitating the process… it’s about making the right connection between owner and property. Your home is the base from which all other things in your life happen. It has to be perfect and I work to make it happen!”Call Neil today to find out how he can help you sell, buy or invest in the precise property for you. I invite you to give me a call at or visit my website www.NeilSingerman.com for more information. I work evenings, weekends, and whenever.

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Common House Plants with Staying Power and Style

Want ultimate staying power? #PlasticPlants

decoist.com House plants add beauty and life to a room (literally)! Throw in their air-purifying properties, and it's hard to find a reason not to jump on the

simplifyingthemarket.com

#1 Financial Benefit of Homeownership: Family Wealth

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simplifyingthemarket.com While growing up, we were taught by our parents and grandparents that owning a home is a financially savvy move. They explained how a mortgage is like a “forced savings plan.” When you pay rent, that money is lost forever. When you make a mortgage payment, much of that money accumulates as equit...

homebuying.realtor

Comparing 5 Popular Carpet Options | Home Buying Resources | ABR

Do you know what your carpet is made out of?

homebuying.realtor Adding carpet to your home is a major financial and lifestyle decision. It’s an investment. Plus, there are so many choices! How do you make the best possible decision for your lifestyle, taste, and budget?

blog.rismedia.com

Realtor.com® Report: The Most Loved Home Features in the U.S.

Can you guess what state craves room for horses?

blog.rismedia.com According to a new analysis released by realtor.com® this month, the most loved home features in the U.S. vary from state to state.

Valley Eats – Drive-Thrus!

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20 Delightful Double Vanities

Considered a must for most master bathrooms!

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Economic Update For The Week Ending May 16, 2020

Stocks lower on renewed trade fears - Stocks gave up most of last week’s gains as escalating tensions over China’s interpretation of President Trump’s remarks over the cause, and disclosure of the Coronavirus epidemic have disrupted trade agreements made earlier in the year. A key inflation index showed the largest decline in core inflation in over 60 years. This shocked investors who are now worried about deflation, which would lower the price of goods and services reducing profits. The Dow Jones Industrial Average closed the week at 23,685.52, down 2.7% from 24,331.33 last week. It’s down 17% year to date. The S&P 500 closed the week at 2,863.70, down 2.3% from 2,929.80 last week. It’s down 11.4% year to date. The NASDAQ closed the week at 9,014.56, down 1.2% from 9.121.33 last week. It’s up 0.5% year to date.

U.S. Treasury bond yields - The 10-year treasury bond closed the week yielding 0.64% down from 0.69% last week. The 30-year treasury bond yield ended the week at 1.32% down from 1.39% last week.

Mortgage rates are at record lows - The Freddie Mac Primary Mortgage Survey released on May 14, 2020, reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 3.28% almost unchanged from 3.26% last week. The 15-year fixed was 2.72%, unchanged from 2.73% last week. The 5-year ARM was 3.18% unchanged from 3.17% last week.

Unemployment claims jumped for the eighth straight week - Another 3 million American workers filed first-time unemployment claims last week. To put it in perspective, before eight weeks ago the highest weekly unemployment claims in history were just over 600,000 during the financial crisis. This week's 3 million was the lowest number of new claims in eight weeks. That brings a total of over 36 million workers laid off in the last eight weeks. Officials are hopeful that we will see a decline in new claims next week as some workers return back to work. Others are skeptical as employer liability and social distancing guidelines will severely impact businesses‘ willingness and ability to reopen.

Home sales for April will be released next week. Preliminary numbers have the number of closed sales down 40% and prices almost unchanged from one year ago. We will have the official numbers in next week’s update. Pending sales have increased for four straight weeks so June and July should be better than April’s numbers.

Have a great weekend!

DRE 01097970
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Selling Your House: Here’s Why You Need A Pro In Your Corner!


With home prices on the rise and buyer demand still strong, some sellers may be tempted to try to sell their homes on their own rather than using the services of a real estate professional.
Real estate agents are trained and experienced in negotiation while, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families.
Here is a list of just some of the people with whom the seller must be prepared to negotiate if they decide to For Sale by Owner (FSBO):
• The buyer, who wants the best deal possible
• The buyer’s agent, who solely represents the best interests of the buyer
• The buyer’s attorney (in some parts of the country)
• The home inspection companies, which work for the buyer and will almost always find some problems with the house
• The termite company, if there are challenges
• The buyer’s lender, if the structure of the mortgage requires the sellers’ participation
• The appraiser, if there is a question of value
• The title company, if there are challenges with certificates of occupancy (CO) or other permits
• The town or municipality, if you need to get the CO permits mentioned above
• The buyer’s buyer, in case there are challenges with the house your buyer is selling
Bottom Line
The percentage of sellers who have hired real estate agents to sell their homes has increased steadily over the last 20 years. Let’s get together to discuss all that we can do to make the process of selling your house easier for you. DRE 01097970
#sellyourhouse #moveuphome #dreamhome #timetosell #realestate #homeownership #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #instarealestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #justsold

Timeline Photos

With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for the that item.

According to NAR’s latest REALTOR Confidence Index, on a scale of “weak, stable, or strong,” buyer traffic is considered stable or strong in every state. However, seller traffic is considered weak in all but four states. This means there are far fewer homes on the market than what is needed to satisfy the needs of buyers looking to purchase right now. Experts agree that housing supply is at historically low levels, so home prices are unlikely to depreciate this year.

A forecast of stable home prices this year is great news for our market. If you’re thinking about listing your house, DM me so I can help you capitalize on the somewhat surprising demand in the market now.

#expertanswers #purchasingpower #buyingpower #homepriceappreciation #affordability #realestate #homevalues #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #instarealestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #keepingcurrentmatters

simplifyingthemarket.com

Will Home Values Appreciate or Depreciate in 2020?

simplifyingthemarket.com With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item. Each month the Nationa

simplifyingthemarket.com

2020 Homeowner Wish List [INFOGRAPHIC]

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simplifyingthemarket.com Some Highlights In a recent study by realtor.com, homeowners noted some of the main things they would change about their homes to make them more livable. Not surprisingly, more space, an updated kitchen, and a home gym rose to the top of the list. If you’re thinking of selling this year,

simplifyingthemarket.com

Will the Housing Market Turn Around This Year?

CalBRE#01097970
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simplifyingthemarket.com Today, many people are asking themselves if they should buy or sell a home in 2020. Some have shifted their plans or put them on hold over the past couple of months, and understandably so. Everyone seems to be wondering if the market is going to change and when the economy will turn around. If you.....

The Economic Impact of Buying a Home

CalBRE#01097970
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simplifyingthemarket.com

A Surprising Shift to the ‘Burbs May Be on the Rise

simplifyingthemarket.com While many people across the U.S. have traditionally enjoyed the perks of an urban lifestyle, some who live in more populated city limits today are beginning to rethink their current neighborhoods. Being in close proximity to everything from the grocery store to local entertainment is definitely a p

LA Eats: Ice Cream

https://rodeorealty.blog/2020/05/11/la-eats-ice-cream/

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Los Angeles Ice Cream

LA Eats: Ice Cream

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Home Tips:Spring Cleaning CalBRE#01097970
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Economic update for the week ending May 9, 2020

Stock markets ended the week dramatically higher - The Dow Jones Industrial Average closed the week at 24,331.33, up 2.6% from 23,723.69 last week. It’s down 14.7% year to date. The S&P 500 closed the week at 2,929.80, up 3.5% from 2,830.72 last week. It’s down 9.3% year to date. The NASDAQ closed the week at 9,121.33, up 6% from 8,604.95 last week. It’s up 1.7% year to date.

What is happening? Last week the Wall Street Journal ran an article “ The Wall Street Journal: Why Home Prices Are Rising During the Pandemic?“ I think the questions on everyone’s mind is, why are stock prices and real estate prices rising while job loses have brought unemployment to record highs, city and states are broke, and businesses are wondering if they will ever make it back? Obviously, investors are feeling optimistic or stock markets would not have made back over 1/2 of their losses since the third week of March. It’s hard to believe that the Dow went from a record high of 29,000 in February to 19,000 by the third week of March and now has clawed its way back to over 24,000. The Nasdaq is already back to positive territory for the year! Investors must feel pretty certain that the $3 trillion in government stimulus, an estimated $2 trillion more on the way, an estimated $4 trillion in liquidity added to the economy by the Fed, and companies beginning to reopen will bring a great number of these jobs back. This week 47 states have begun to allow businesses to slowly reopen which certainly added to investors’ optimism. On Friday stock markets rose over 1.5% for the day following the release of a jobs report showing the unemployment rate at the highest level since 1948 when the government began tracking an unemployment rate. It’s really a bazaar time! As for real estate prices, historic low interest rates certainly help. Rates on a 30 year fixed loan are 1% lower than one year ago. That may not sound like a lot, but at such low levels it’s a 24% reduction! A $5,000 mortgage payment one year ago is well under $4,000 today for the same loan amount. Another factor is that there is still a huge buyer demand and a tremendous shortage of choices, as homes for sale are at a record low inventory levels. I certainly could not have imagined on March 15 that there would be multiple offers on most homes sold in May!

U.S. Treasury bond yields - The 10-year treasury bond closed the week yielding 0.69%, up slightly from 0.64% last week. The 30-year treasury bond yield ended the week at 1.39%, up from 1.27% last week.

Mortgage rates are at record lows - The Freddie Mac Primary Mortgage Survey released on May 7, 2020 reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 3.26%, almost unchanged from 3.23% last week. The 15-year fixed was 2.73%, down slightly from 2.77% last week. The 5-year ARM was 3.17%, almost unchanged from 3.14% last week.

April jobs report - The Department of Labor Statistics reported that the U.S. economy lost 20.5 million jobs in April. That’s many times the most monthly job losses in history. The unemployment rate jumped to 14.7%, the highest rate since the Great Depression. Considering that just two months ago the unemployment rate was at 3.6%, a 50 year low, a jump like this in 60 days seems unimaginable. Fortunately, 80% of those job losses are expected to temporary.

Unemployment claims jumped for the seventh straight week - Another 3.3 million American workers filed first-time unemployment claims last week. That brings a total of over 33 million workers laid off in the last seven weeks. As the country is beginning to allow companies to reopen it will be interesting to see how quickly and how many of these workers return to work. It’s expected to be a slow process, as social distancing guidelines will severely impact many if not all businesses.

Have a great weekend!

CalBRE#01097970

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Weekly Home Tips CalBRE#01097970
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Weekly mortgage applications show real recovery in homebuying, as interest rates set another record low

Article by Diana Olick

•The average contract interest rate for 30-year fixed-rate mortgages decreased to a record 3.40% from 3.43%.
•Mortgage applications to purchase a home rose for the third straight week, up 7% compared with a week earlier.
•Refinance applications decreased 2% for the week but were 210% higher than a year ago, when rates were over a full percentage point higher.

Homebuyers appear to be heading slowly back into the market, as the coronavirus-stricken economy begins to reopen.

Total mortgage application volume rose 0.1% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The gain was driven entirely by buyers.

Mortgage applications to purchase a home rose for the third straight week, up 7% from a week earlier. Purchase volume was still 19% lower annually, but that annual loss is shrinking by the week. Just three weeks ago, purchase volume was down 35% annually. Demand last week was led by strong growth in Arizona, Texas and California.

Buyers are responding to incredibly low interest rates as well as to new technology and processes that allow them to house-hunt from afar. Agents are offering virtual showings or live tours over apps like Facetime or Zoom. For empty homes, they’re also allowing do-it-yourself tours, using high-tech lock-boxes that buyers can access from their smartphones.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of up to $510,400 fell to a record 3.40% from 3.43%. Points decreased to 0.30 from 0.34, including the origination fee, for loans with a 20% down payment.

Lower rates are not boosting refinance volume. Those applications decreased 2% for the week but were 210% higher than one year ago, when rates were over a full percentage point higher.

“Despite lower rates, refinance applications dropped, as many lenders are offering higher rates for refinances than for purchase loans, and others are suspending the availability of cash-out refinance loans because of their inability to sell them to Fannie Mae and Freddie Mac,” said Mike Fratantoni, MBA’s senior vice president and chief economist.

The refinance share of mortgage activity decreased to 70% of total applications from 71.6 % the previous week.

CalBRE#01097970
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The Economic Impact of Buying a Home
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11940 San Vicente Blvd, # 100
Los Angeles, CA
90049

General information

Rodeo Realty Brentwood Realtor CalBRE#01097970 specialize in Probate,Estates,Foreclosures,Bank Owned Homes,Short Sales.

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