April showers are bringing a rise in the real estate market here in the South Bay and all over the world.
It seems everywhere you look, real estate markets are growing. This is fantastic news for sellers and buyers alike. Sellers will benefit from faster closing times. The recent surge in activity is sure to bring more inventory and therefore more choices to buyers.
It's a truly blooming time to be active in the real estate market... from here in the South Bay and all over California!
Looking forward to helping you bring your next real estate transaction into full bloom.
HOW HERMOSA BEACH'S NEW PILOT PROGRAM HANDLES SHORT-TERM VACATION RENTALS
Hermosa Beach will temporarily permit residents of commercial areas to rent out their homes to vacationers on sites like Airbnb.com — even as it fights a court challenge to its outright ban on them in most neighborhoods.
The City Council narrowly approved the drafting of a new two-year pilot program on a 3-2 vote March 28.
IN BOSTON'S SURGING REAL ESTATE MARKET, NEW CONDOS RACE TO THE TOP
“Boston’s appeal for international buyers has been growing for some time now, but we've seen that increase sharply in the past year or so," says Richard Friedman, CEO of Carpenter & Company. The company is developing The Four Seasons Private Residences One Dalton Street, Boston, a 61-story mixed-use project under construction in the Back Bay district.
RECORD LAND SALES BOOST HONG KONG'S TAK HOME PRICES BY 50%
“Henry Mok, Regional Director of Capital Markets at JLL, said: "The record-breaking land sale transactions have encouraged developers to raise the asking prices of their new projects, leading to a general increase in property prices. However, whether the upward trend of housing prices can sustain and whether developers can generate a reasonable profit from their recent land purchases, will largely depends on the market conditions at the time of sale...”