DIGStv with Constance Dunn gives you a exclusive behind the scenes look around Meridith Baer Home’s massive Los Angeles interior design and home furnishing warehouse lead by famed interior designer and home stager Meridith Baer herself.
Meridith Baer discusses how she transition from screen writer in her 50s to become one of the most well known names in interior design for the last decade, with all the challenges and the payoffs — an inspiring storying of a self made woman in business.
For more information on how to get in touch with Meridith Baer Home visit their website:
According to its recently released Home Price Index (HPI,) CoreLogic reported that home prices are up both year over year and month over month. Nationwide, home prices increased year over year by 6.9% in April 2017 compared to April 2016 and increase month over month by 1.6% in April 2017 compared with March 2017. The CoreLogic HPI Forecast indicates that home prices will increase by 5.1% on a year over year basis from April 2017 to April 2018.
CoreLogic also reported that U.S. homeowners with mortgages (which is roughly 63% of all homeowners) have seen their equity increase by a total of $766.4 billion dollars since the 1st quarter of 2016 – an increase of 11.2%. Today, nearly 9 million borrowers have regained equity since the height of the housing crisis in 2011.
On the other hand, the total number of residential mortgages with negative equity decreased 3% from the 4th quarter of 2016 – to 3.1 million homes or 6.1% of all mortgaged properties. CoreLogic Chief Economist stated, “One million borrowers achieved positive equity over the last year, which means mortgage risk continues to steadily decline as a result of increasing home prices.”
And there’s more news on mortgages out today – Freddie Mac just released it Primary Mortgage Market Survey, showing the 30-year fixed mortgage dropping for the 4th consecutive week and hitting its lowest level in nearly seven months. 30-year fixed mortgages averaged 3.89% with an average .5-point for the week ending June 8, 2017, down from last week when it averaged 3.94%. For reference, a year ago at this time the 30-year fixed rate mortgage averaged 3.6%.
With the market so hot, one has to wonder what’s happening with home flipping – the practice of buying and then reselling the same property within a 12-month period. Well, ATTOM Data Solutions just released its Q1 2017 US Home Flipping Report, which showed that home flipping fell to the lowest level in two years during the 1st quarter of 2017. Interesting, at the same time, the share of those flips using mortgage financing rose to a 9-year high. The company reported that there were 43,615 single family homes and condos flipped during the 3-month period, down 8% from the previous quarter and 6% from a year ago. Flipping accounted for 6.7% of all single-family home and condo sales during the quarter, an increase from 5.8% in the fourth quarter, but unchanged from a year earlier.
The National Association of Realtors (NAR) just released it 2017 Home Buyer and Seller Generational Trends study, which found that millennials were the largest group of home buyers (34%) for the fourth consecutive year. By comparison, baby boomers were 30% of buyers.
“Millennials have been fairly slow to get into the market, but we are seeing an uptick in millennial buyers this year – which is a good sign, because as home values rise, we want a wider number of people to participate in this housing recovery,” said Lawrence Yun, chief economist at NAR. “There’s a pent-up demand and as the economy continues to improve, we expect to see more people in their early thirties, adults who are still living with their parents – clearly not their idea of the American dream – to begin to look for their own housing units.”
In other housing news, economists at Freddie Mac see the U.S. housing market “on track to eclipse last year as the best in over a decade.” The company’s May Outlook gives credits to the housing market’s strong start to 2017 in part to the surprising downward movement of interest rates since March. After rising to 4.3% in March, mortgage rates have dipped back down near the 4.0% range and have been holding pretty steady. The general sentiment is that the Fed will increase rates a few times before the end of 2017. All told, Freddie Mac thinks 2017 is shaping up to be the best year for housing in over a decade.
Based on Fannie Mae’s monthly National Housing Survey, the net share of Americans who said that now is a good time buy a home reached a record low of 27%, (a decrease of 8%,) while the net share who stated that it is a good time to sell a home reached a record high of 32%, a gain of 6% in May 2017.
Fannie Mae said it was only the 2nd time in the survey’s history that the net share of those saying it’s a good time sell surpassed the net share of those saying it’s a good time to buy. In fact, the “sell” component is 19 point higher that the same time in 2016. All of this makes perfect sense since the market has been on fire and continues to stay hot.
Look for more market muse episodes soon.
DIGStv talks to Steve Glenn, founder and CEO of LivingHomes, a well known eco-friendly company that work with leading architects to create lines of homes that feature modern form and functionality plus an unprecedented level of healthy / sustainability materials and energy systems.
Steve Glenn takes us through the first Leadership in Energy and Environmental Design (LEED) Platinum home in the world, built in 2006 that features green products and appliances from literal floor to ceiling, inside and out.
Warren Dow and Bob Sievers former Wall Street hedge fund manager discuss the state of the Manhattan Beach Strand real estate market, now and into the future. Plus we ask Bob Sievers for some tips for Buyers and Sellers from the real estate agent’s perspective, and how they can improve their representation within the market place.
DIGStv with Constance Dunn takes you back into the late when 1800’s a carpenter named Micajah Thomas built his home in Redondo Beach: a two-story Queen Anne Victorian with three bedrooms, a parlor, and all the latest trimmings—from a decorative ceiling in the foyer to a second floor cooling porch flush with lace-web porch supports.
More than a century later, the oldest-standing home in town rests upon a sedate block of S. Francisca Avenue, preserved in impeccable state, all the way down to its original details, including gleaming wood floors and brick parlor fireplace to panes in the windows and crystal cut knobs on raised paneled doors.
“There’s a theory that it might have been built in 1888,” says Horrell, granddaughter of the firm’s founder Kay Horrell. “But there were no city records prior to 1892, so they officially dubbed it, ‘The Birthday House.’” One that is well worth celebration.
Read the full article: https://digs.net/innovation-and-comfor…
In this episode of DIGStv we talk to Tyler Gugliotta, Torrance-born head chef of new Hermosa Beach restaurant Baran’s 2239. Tyler cooks us a new dish on their menu and gives us a few tips along the way! Come with us to see a little behind the scenes at Baran’s and what makes their homemade pasta so delicious.
Food Photographer — Lori Hirsch Stokoe
502 PACFIC COAST HIGHWAY
HERMOSA BEACH, CA 90254
424.247.8468 | http://www.barans2239.com
DIGStv looks at the real estate impact of the NFL moving into Los Angeles. The LA Rams have finished their first season back in Los Angeles, and the now LA Chargers are on their way for the 2017-2018 NFL Season. Without a doubt, the new Inglewood stadium effort, much more than merely a stunning new complex, will have wider macroeconomic effects in Los Angeles. Constance Dunn discusses the stadium effort and the wider real estate impact with NFL Network’s Dan Hellie, plus SportStar Relocation and nationally ranked realtor Ed Kaminsky.
In this episode of DIGStv we talk with fashion icon and NBA super-fan, James Goldstein, often known for his eclectic fashion sense and his persistent court-side attendance to Lakers and Clippers games in Los Angeles. James Goldstein’s home is perhaps what he’s most well known for, coined the Sheats Goldstein Residence, which is a property with a star studded history.
Appearing in The Big Lebowski, Charlie’s Angels: Full Throttle, fashion magazines the world over, and numerous music videos including Snoop Dogg and Pharrell William’s 2004 hit “Let’s Get Blown,” Nelly and Jeremiah’s 2015 hit “The Fix” and many others, its most easily recognized by its triangular architecture.
This home has hosted a huge number of Hollywood elites, private parties and the private club included on the property can be rented out at your leisure for $25,000 a night! We talk with James about the story of this incredible home and the decision to donate the home to the Los Angeles County Museum of Art (LACMA).