The changing of the season brings beautiful new blooms, streaming sunshine and the timely urge to spruce things up a bit all around, indoors and out. This even means a refresh for the newsletter formerly known as South Bay Vision. Local city real estate data, your city's calendar and real estate news from around the world to right in our backyard are highlighted for you below.
More features are coming for you in the coming months... so, please keep an eye on your inbox!
The Southern California Aerospace Council (SCAC) has launched the inaugural “Southern California Aerospace Days” meant to highlight the Aerospace & Defense industry’s vital economic impact on our regional economy. Throughout the week, the SCAC and its partners will feature networking receptions, elected official meet & greets, open houses, a startup “pitch” event, and resolutions by local and regional municipalities. These events will bring together Aerospace & Defense industry leaders throughout LA County.
Realtor.com® is forecasting the homeownership rate will stabilize at 63.5 percent after bottoming at 62.9 percent in 2016. New home sales are expected to grow 10 percent, while new home starts are expected to increase 3 percent. The forecast is based on GDP growth of 2.1 percent, a 2.5 percent increase in the consumer price index and unemployment declining to 4.7 percent by the end of the year.
“Known for its beaches, resorts and golf courses, the Dominican Republic is an ideal second-home location,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “Sergio Llach and his knowledgeable team have a profound understanding of the luxury consumer in the Dominican Republic and we are proud to welcome them to our global network.”