The New Year Has Started….

Dear Friends, The New Year has started and is well on its way in real estate. With only two months under our wing, we have discovered three truths; (1) inventory remains at historic low figures but is slowly trending upwards nationally as more properties hit the...

It’s The Economy

It’s the Economy! Yep, it sure is. The National Association of Realtors reports that the sharpest drop in three years in existing-homes just took place in November/December as the nationally annualized rate of 4.99 million homes fell an unexpected 6.9%.  This is after...

“Them Thar Rich Celebrities”

“Them Thar Rich Celebrities” Many of you know that I spent the first 25 years of my adult life as a used machinery dealer, working for my father in the family firm until I eventually bought the company. Life was different and my career was certainly different,...

The Market Has Turned

Dear Friends and Neighbors, It’s official; the market has turned and we are in a correction. It’s the topic I’ve mentioned numerous times and that everyone asks me about. Now it’s no longer a topic of conjecture but rather an item of fact. The U.S. economy is in an...

JUNE 2018

Dear Friends, Lots of stuff to bring you up to date on. All of it is very interesting. 1. According to Realtor.com “The Top 20 Hottest Markets in the United States in April” were; I might be missing something, but do you see Beverly Hills? Bel Air? Brentwood? Palo...

For Our Neighborhood

May 2018 Dear Friends – this is an important issue to our neighborhood. If you don’t want to have UCLA students making decisions that impact our neighborhood and quality of life, you need to vote in the May 22 election! We need every single NO vote to defeat this...

Super Opportunity for Investors!

          The perfect income property configured in the perfect floor plan for today’s high tech movement into Silicon beach. These are all single bedroom units, making them ideal for young techies and/or young techies + significant...

Topics Of Interest

        Real estate is a very geographically focused business that requires utmost attention to events that can change values in an instant. A cursory review of MTA plans for our Purple subway line are already impacting commercial values in the immediate vicinity of...

Yes, We are in a Correction.

Dear Friends and Neighbors, Real estate is a very geographically focused business that requires utmost attention to events that can change values in an instant. A cursory review of MTA plans for our Purple subway line are already impacting commercial values in the...

Happy New Year!

Dear Friends and Neighbors, Happy New Years! May the New Year bring Blessings of health and happiness to you and your loved ones. As my grandfather said, “Your Health is Your Wealth” This past year is behind us and the numbers are in. I can’t imagine a more...

Happy New Year!

      Happy New Years! May the New Year bring Blessings of health and happiness to you and your loved ones. As my grandfather said, “Your Health is Your Wealth” This past year is behind us and the numbers are in. I can’t imagine a more fascinating year with this new...

Westside Real Estate-What is going on?

Dear Friends and Neighbors, What is going on? Last year, 33 properties on the westside were sold for $20M or more. So far this year, 31 have closed escrow and we have six months to go! In the $10M and higher properties, 160 closed escrow in all of 2016 and yet there...

The Benefits of Staging

One of the interesting things about this current real estate economy are the creative ways agents are able to  bust their listings through the edge of the envelope. Even though prices continue to rise, buyers are not stupid, and properties that are priced beyond the...

My Perspective for May

My Friends, Real estate continues to march forward, as we all expected.  Our weekly office meeting today included over 60 of the 208 agents, and had a review of the current state of the market from our Sr. Vice-President Beth Styne. Listings are down, pending sales...

It’s an Election Year…

My Friends, It’s an election year, a time when most Americans are concerned about the direction of the country and prefer to put off major decisions until after the election, such as buying or selling a home. It is in our nature to protect our biggest asset during...

A Banner Year

This past year was another banner year for real estate, the agents and the investors. While most of the country wallowed in indecision, there was no such animal around when it came to west side real estate.  Beverly Hills to the ocean once again proved to be an...

Looking to 2016

It’s that time of year for reflection and to count our blessings. Best of all, it’s the perfect time to look forward with optimism to 2016, a year promising all of the normal entertainment associated with a presidential campaign year. Our year in real estate is over,...

My Take on Westwood Neighborhoods

The community of Westwood is a small suburban neighborhood on the west side of Los Angeles, nestled in between Bel Air, Beverly Hills and Brentwood. Long considered the poor step child of these three hugely affluent communities, it still remains one of the most sought...

Pocket Listings Today

The real estate market has become so tight, that “pocket” listings are again appearing as a viable option for Buyers. They gained their name from the practice many years ago of unscrupulous agents who would take a signed listing agreement and metaphorically stick it...

Happy New Year and My 2015 Prediction

The year 2014 is under our belt, and the year 2015 is well underway, promising to be another brutal year on Buyers and stellular year for the Sellers. Numbers are in and the story is the same; Sellers got richer, prices went higher, Days on Market shortened and $/sq...

Part 2 Income Properties: The numbers

Last month we look at the overall concept of investing in income properties. Today we are going to examine actual data and look at the three approaches I use to evaluate the potential value of an income property. I decided to run some figures and quantify in numbers...

Let’s Talk Baseball!

Let’s skip talk on real estate. Instead, I have a much more pressing issue that goes to the heart of what we stand for, what we believe in, how we live our lives and if we’ll be alive to see the New Year. Of course, I’m talking about major league baseball. Most of you...

First Quarter for 2014

  The first quarter statistics for 2014 from The MLS continue to verify something we already know; it’s still a strong Seller’s market, the Buyers have fewer choices from a lower level of listings, and the trend will continue but not at this pace. The Wilshire...

The Gap is Widening

There continues to be a distinct and aggressive trend in western societies for the rich to get richer, and the middle class to stagnate. President Obama talked about this in his recent State of the Union Address when he stated, “Today, after four years of...

2014 A Time to Act

If you have been thinking about selling your home, your timing is impeccable. But if you’re one of the many people who have been timing the market, trying to make that perfect plunge at the perfect moment, then I’m sure you have figured out by now that you...

Investments and Assets

Real estate as both an investment and a personal asset continues to be very attractive. However, some of the economic data flowing in from Washington indicate this window is closing. For example, renters nationwide are paying a higher percentage of their net after tax...

Market Recap for October

Have you felt a change in the Universe? Do you sense a change in the attitudes of the people around you?  You’re not alone.  Since September, the market has changed, losing its momentum and energy, and instead flattening out to a quiet non-performing sort of market....

New Listing! Modern Masterpiece

Offered at  $1,520,000 Unit 411 in The Park Wilshire This 2 bed, 2 ½ bath condo at the full service Park Wilshire delivers it all! No stone left unturned, in this state of the art 2,345 square foot home. Dramatic entry, open and bright with amazing views away from...

Market Recap By Mark Rogo

These past twelve months have seen historic lows in interest rates, coupled with 14-year lows in inventory, to generate an upsurge in property values not seen in many decades.  Yes despite these reports that appear in the newspapers, a careful analysis of high-end...

March Newsletter

Within twelve short months the real estate market has done a complete turn around. Without question this is the best time to sell a home in the last 5 years! Here’s a couple things to think about. You might be very surprised at what a buyer will pay in today’s market....