Here's the 10 Priciest Housing Markets...

The most expensive markets in the fourth quarter continued to see even higher prices in the fourth quarter; nine of the top 10 saw double-digit percentage increases. California led the way with five metros in the top 10.

The 10 priciest markets in the fourth quarter are:

1. San Jose-Sunnyvale-Sta. Clara, Calif.: $1.675 million; up 19.6%

2. San Francisco-Oakland-Hayward, Calif.: $1.31 million; up 14.9%

3. Anaheim-Santa Ana-Irvine, Calif.: $1.15 million; up 23%

4. Urban Honolulu: $1.055 million; up 16.8%

5. San Diego-Carlsbad, Calif.: $845,000; up 14.2%

6. Los Angeles-Long Beach-Glendale, Calif.: $797,900; up 15.9%

7. Boulder, Colo.: $775,100; up 17.2%

8. Seattle-Tacoma-Bellevue, Wash.: $700,000; up 13.9%

9. Naples-Immokalee-Marco Island, Fla.: $685,000; up 21.2%

10. Nassau County-Suffolk County, N.Y.: 644,600; up 9%

Source: National Association of REALTORS®

STOP RENTING! Come tour my new condo listing in Valley Village & become a homeowner!

Located in Valley Village on the same street with million-dollar homes, you will find this corner unit 2 bedroom, 2 full bathroom condo!

This newly painted unit features a large kitchen with breakfast bar, fireplace in the living room, a remodeled guest bathroom, and a large en-suite bathroom in the master bedroom.

There is an in-unit laundry area, central AC/Heat, a private patio, 2 parking spaces in the gated garage, and the complex is pet-friendly.

If you are looking for a 2 bed, 2 full bath corner unit condo, at a great value, this just might be the home for you.

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Competition remains unseasonably strong

Homes are selling even faster than they were at this time last year as buyers continue to compete in the housing market. Housing inventories are lower as well, down 28% from a year ago. In December 2021, the National Association of REALTORS® reported that existing homes for sale fell to an all-time low.

With fewer listings of homes last week, buyer interest again outpaced homes available, writes Danielle Hale, realtor.com®’s chief economist, in a weekly analysis posted at the site.

“With fewer homes for sale now than this time last year, homes are selling faster and successful buyers have to move quickly,” Hale writes.

Nationally, seventy-nine percent of homes sold in December 2021 were on the market for less than a month, according to the National Association of REALTORS®. Properties typically remained on the market for just 19 days in December.

As rents rise at a double-digit pace, renters are looking to homeownership for the safety net of a steady mortgage and hopes of long-term appreciation. Mortgage rates that remain under 4% are also an incentive.

However, the fear of rising rates has driven a “rush on new-home sales as buyers try to sign contracts to lock-in rates and beat further cost increases,” Hale says.

Hale says housing indicators point to additional sellers entering the market this spring, which buyers would welcome as they look for a bigger selection in the housing market. Surveys show that more homeowners are planning to sell over the next 12 months. With single-family home construction at a 1 million-plus pace, inventory is expected to improve in the coming months.

“Additional housing supply is what’s needed to help first-time home buyers and add momentum to the homeownership rate,” Hale says.

Coming soon to Valley Village

This 2 bed, 2 bath move-in ready condo is coming soon to Valley Village.

Asking price: $524,999

5604 Rhodes Ave. #103

Valley Village, CA 91607

For more info, text me at 818-445-7953.

Set your eyes on Burbank's cheapest home sold this week!

Here is the cheapest home sold this week in Burbank.

Asking price: $550,000

Selling price: $575,000

This Bungalow has 1 bed/1 bath, 660 sq. ft. of living space and is on a 2,276 sq. ft. lot.

The home features a new roof and updated electrical/plumbing.

Did the buyer get a good deal?

Here is this week's "HOT HOME" in Chatsworth! Watch now!

Text me if you want a tour at 818-445-7953.

“Hot Home” in Chatsworth.

Asking price: $1,325,000

This Ranch Style home has 4 bed/3 bath, 2,622 sq. ft. of living space, and is on a 24,427 sq. ft. lot.

The gated home features a wraparound porch, an open floor plan, and solar panels.

The private backyard is spacious with a pool, spa, firepit, and built-in BBQ.

Euphoria actress Sydney Sweeney just bought her 1st house! Take a look inside!

Euphoria’ Star Sydney Sweeney buys her first home in Westwood.

Asking price: $2,695,000

Selling price: $3,000,000

This Tudor Traditional home has 5 bed/4 bath, 3,200 sq. ft. of living space, and is on an 11,814 sq. ft. lot.

The Comstock Hills home features a newer funicular that was added for ultimate convenience with direct access from the garage to the front door.

Santa Monica Off Market Property - Contact me ASAP for a tour!

Off Market property in Santa Monica. You won't find this on Zillow or Redfin.

Asking Price $4,600,000

This home has 5 bed/6 bath, 4,443 sq. ft. of living space, and is on an 8,119 sq. ft. lot.

The home features an indoor/ outdoor floor plan, an oversized living room, a chef's kitchen, and a large rooftop deck.

There is a pool, jacuzzi, and built-in BBQ.

Text me if you want a tour at 818-445-7953.

Burbank had 58 property sales for the month of January

There were 57 property sales in Burbank for January 2021.

Iggy is saying goodbye to Hidden Hills! Not 'FANCY' enough?!

‘Fancy’ Rapper Iggy Azalea has just listed her Hidden Hills home.

Asking price: $6,195,000

This home has 5 bed/5 bath, 5,228 sq. ft. of living space, and is on a 46,211 sq. ft. lot.

The property has a 2-story guest house, screened-in porch, new saltwater pool, and it comes with completed plans with permits to remodel some of the home.

Text me if you want a tour at 818-445-7953.

It has been over a year & this home is STILL for sale! WHY?!

This Encino home has been on the market for 370 days!

Current asking price: $14,750,000

Original asking price: $15,000,000

The home has 7 bed/7 bath, 8,796 sq. ft. of living space, and is on a 41,433 sq. ft. lot.

The massive backyard has a vineyard, resort-style pool, and outdoor kitchen.

Text me if you want a tour at 818-445-7953.

This unique house has a very unusual swimming pool! Take a look.

Do you think the pool is cool or creepy?

Here is the most unique home listed this week in Hancock Park.

Asking price: $15,000,000

This 3-story Victorian home has 13 bed/9 bath, 12,656 sq. ft. of living space, and is on a 26,966 sq. ft. lot.

The home built in 1896 features a library, hidden bar, hard-carved walls, french ballroom, and 2 bedroom carriage house.

The home also has a blood-red pool and hot tub that current owner Kat Von D added.

Text me if you want a tour at 818-445-7953.

Are you looking for a fixer-upper to FIX UP?!

Best fixer upper this week in Burbank.

Asking price: $749,000

This home has 2 bed/1 bath, 949 sq. ft. of living space, and is on a 6,748 sq. ft. lot.

There is a 479 sq. ft. unpermitted guest house, an attached garage, and a large backyard.

The home is being sold "as in" condition.

Text me if you want a tour at 818-445-7953.

Over 5M borrowers missed refinancing savings

The number of owners who can save by refinancing is down by more than half from the start of this year to 5.9 million, according to Black Knight data. Black Knight considers refinance candidates as 30-year mortgage holders who have a maximum 80% loan-to-value ratio, a credit score of 720 or higher, and a likelihood of reducing their current first-lien by at least 0.75%.

The average 30-year fixed-rate mortgage has climbed by about 50 basis points in the first weeks of the year.

Still, even with recent mortgage rate increases aside, many of those 5.9 million borrowers could still see savings of $275 a month per borrower, according to Black Knight. More than 1 million of them could save at least $400 a month, and 661,000 borrowers could trim $500 or more from their monthly mortgage at current rates.

The remaining borrowers may have missed the opportunity to save by not refinancing when mortgage rates were below 3%. The number of refinance candidates has dropped significantly from about 11 million at the start of the year and is down by about 20 million in late 2020.

Mortgage applications to refinance a home are down by half from a year ago, the Mortgage Bankers Association reports.

Nearly 18 million homeowners have refinanced over the last two years.

While many homeowners over the last two years have taken advantage to lower their mortgage payments, they’ve also quickly accumulated equity, in record amounts. A sharp increase in home prices has meant that, in the last year, homeowners have gained an average of $50,200 in equity, according to data from the National Association of REALTORS®.

Would you buy a condo in a historic building in Downtown Los Angeles?!

Would you live next to Skid Row? Here is the cheapest condo that sold this week in DTLA.

Asking price: $419,000

Selling Price: $425,000

This condo has 1 bed/1 bath, and 725 sq. ft. of living space. There are 14 floors with 130 residential units.

The historic A. G. Bartlett Building features a rooftop deck, 2nd-floor patio, and 24hr security.

The Bartlett building was given Mills Act status giving homeowners up to 70% off their property taxes. The city offers this in hopes of attracting people to the area, revitalizing the neighborhood, while also preserving historic structures in LA.