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What is the average time someone owns their home?

What is the average time someone owns their home?

For two decades, the median ownership of a home averaged six years. Since 2008, that average has significantly increased. According to the National Association of Realtors, for over two decades (1985-2008), the median time a home was owned aver...

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Glendale Home Sales

Glendale Home Sales

  Last month, there were 46 Glendale home sales. The least expensive sale was 1209 Alameda Ave. (right around the corner from my Aunt Marion's home). This 1930s traditional sold for $501,500 - more than $80,000 over asking price. The ho...

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Glendale Luxury Real Estate Sales 1

Glendale Luxury Real Estate Sales

Last month, the highest priced luxury Glendale home sale was 1326 Rossmoyne Ave. which sold for its list price of $1,75,000. MLS remarks read: Extraordinary Traditional Masterpiece Nestled in the Extremely Desirable Neighborhood, Histori...

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Los Angeles Real Estate Commissions

Los Angeles Real Estate Commissions

Some home sellers interview several real estate agents prior to hiring one to list their home for sale. One of the most common questions is often about typical Los Angeles real estate commissions. Typically, real estate commissions are e...

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La Crescenta Home Sales

La Crescenta Home Sales

Last month the least expensive La Crescenta home sale was 3061 Sycamore Ave. This 807-square-foot home was sold for $580,000 - more than half a million dollars!  The other end of the spectrum was 5052 Humphrey Way, one of the community's favor...

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How to Determine your Asking Price

Ask Phyllis: Moving into Senior Housing

Dear Phyllis, My siblings and I have been discussing moving our mother into senior housing in the next year or two.  She has lived in her home for 40 years, and it won’t be an easy move. I am the only one living locally, so this will ...

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Phyllis Harb goes to Los Angeles Probate Court

Phyllis Harb goes to Los Angeles Probate Court

Prior to selling Los Angeles real estate, I was in mortgage banking. I held a variety of positions. At one point I was a loan officer at Los Angeles Federal Savings Bank. In this position, I was required to have a real estate license. Durin...

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La Canada Home Values

La Canada Home Values

A sharp rise in mortgage interest rates after the presidential election is starting to impact home sales. The average 30-year fixed loan hit the highest level on Friday in more than a year and shows no sign of dropping. Buyers went from the pro...

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Tips for First Time LA Home buyers

Most first time LA home buyers start the process anxious, excited, nervous, and some even terrified. It’s natural. A home is the largest and most expensive purchase that most people will make in a lifetime. It can either turn out to be a ...

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