Monthly Archives: January 2006

New Democratic Tax Plan Proposed

Excerpts from Kiplinger Tax Letter 1/27/06: The Democrats have proposed their own tax reform package called the Fair, Flat Tax Act. The Proposal Points: 1) A Flatter Tax Bracket, with married filers paying 15% of the first $25,000 of taxable … Continue reading

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Home Buyer & Seller Survey Shows Rising Use of Internet, Reliance on Agents

Press Release by the National Association of Realtors WASHINGTON (January 17, 2006) – Technology is transforming how Americans buy and sell homes in unexpected ways, including how they work with real estate agents and brokers, according to one of the … Continue reading

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Median price of a home in California at $548,430 in December, up 15.6 percent from year ago; sales decrease 17.6 percent

News from the California Association of Realtors  LOS ANGELES (Jan. 25) – The median price of an existing home in California in December increased 15.6 percent and sales decreased 17.6 percent compared with the same period a year ago, the … Continue reading

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Interest Rate News

From HSH Associates  January 13, 2006 Thirty-year fixed mortgage rates (FRM) dipped back a little this week, with the overall average losing eight basis points, or .08%, according to the nation’s leading survey of mortgage pricing. Five-one Hybrid ARMs crept … Continue reading

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Los Angeles Office Vacancies Down, Rents Up, LA Times Reports

The overall office vacancy rate for Los Angeles County fell to 12.3% from 14.8% a year earlier, while monthly asking rent increased 5 cents to $2.11 per square foot, reported real estate brokerage Cushman and Wakefield. More than 4.5 million … Continue reading

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New Condo Complex Approved for Redondo Beach

A new 12 unit condominium complex has been approved by the Redondo Beach City Council on Tuesday, January 17, 2006, to be constructed in place of the former Van’s Belgian Waffles Building at Catalina and Francisca avenues. The project will contain a … Continue reading

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South Bay Residential Markets to see Price Appreciation in 2006

On Friday, January 13, 2006, California Association of Realtors Vice President and Chief Economist Leslie Appleton-Young spoke at the Trump National Golf Club, as reported by the South Bay Daily Breeze, and predicted that the Southern California coastal cities should … Continue reading

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