Carole Schiffer, Realtor

09/28/2022

09/26/2022

Whether in wicker, rattan, or cane, it’s no surprise that these earthy, natural textures of woven designs have made the ultimate interior design revival. There’s something so effortless and versatile about it - it can be used for furniture, mirrors, chairs, bedheads, and lampshades to name but a few. What is one of your favorite design trends? Comment below!

09/23/2022

Of the California cities, Los Angeles has the biggest rent wage gap for millennials, followed by San Diego in third place, San Francisco in fifth, San Jose in seventh, Riverside in eighth and Sacramento in 12th, according to an analysis by the air filter company Filterbuy using data from the U.S. Census Bureau’s 2020 American Community Survey Public Use Microdata Sample.

In Los Angeles, the millennial wage gap was minus 49.5% in 2020, with millennial renters making a median wage of $36,649, according to the analysis. However, renters needed an average wage of $72,560 to pay for a one-bedroom rental. The median rent for a one-bedroom was about $1,814; about 35.6% of millennials in the city were renters. I find this to be very disheartening. I cannot remember facing these challenges as a young lady entering the workforce after graduating from UCLA’s Anderson. How times have changed.

09/22/2022

Such a fun piece of information, I had no idea!

09/21/2022

Median sales prices are still rising on the Westside in the communities I report on — Beverly Hills, Bel-Air/Holmby Hills, Westwood/Century City, Brentwood and Santa Monica. Through the first eight months of 2022, Bel-Air/Holmby Hills increased median sales price by 50% to $3.713 million over same period in 2021. Brentwood was up 12% to $2,112 million, Santa Monica was up 13% to $2.858 million, Westwood/Century City climbed 9% to $2.280 million, and Beverly Hills moved up 5% to $3.200 million.

Overall, these communities were seeing top prices in a market that has tightened up considerably — inventory is way down — and the number of listings is really taking a back seat. New listings in Beverly Hills were down 21%, Bel-Air/Holmby Hills listings were down 17%, Westwood/Century City were off 25%, but Santa Monica was down 34% and Brentwood off 32%. What does that tell us: Supply plummets and prices keep rising to record highs.

09/20/2022

In the second quarter of 2022, the average homeowner gained approximately $60,200 in equity during the past year. Hawaii, California and Florida experienced the largest average equity gains at $129,800, $117,000 and $100,000 respectively. Washington, D.C. and Iowa experienced the lowest average equity gains in the second quarter of 2022, at $16,900 and $17,600 respectively.

Negative equity has seen a recent decrease across the country. Las Vegas, Los Angeles and San Francisco are the least challenged, with Negative Equity Share of all mortgages at 0.6%.

This is what sets us and the real estate totally apart from the situation in 2008, people have the equity in their homes now, vs then, they had none, and were using their homes as ATM machines. When you consider that in 2010, with the Great Recession coming to final close that saw home equity disappear by the trillions as well, it is nice to see the market having clawed its way back.

09/19/2022

The seasons are changing, making it the perfect time to fall in love with a new home. If you're considering making a move, let’s connect today.

09/15/2022

To begin the home buying process a buyer not only needs to be qualified financially but emotionally as well. Start by making a Want vs Need list to help shape what you are looking for in a new home. Here are some great questions to ask yourself to get started. Let's connect on a call, email or through DM and talk about your Real Estate goals!

09/14/2022

Want to talk more? Feel free to DM me with any questions, you may have.

caroleschiffer.com

09/13/2022

Call me for your next, best Real Estate transaction in your life!

09/12/2022

Farewell to a beloved Queen. May her reign be remembered as the epitome of dignity and strength inside a selfless devotion to sovereignty. She took the crown at 25 and accepted a lifetime of sacrifice that came with it. Embracing a role she never expected to inhabit, without ego or complaint. Stylish, steadfast, and endearing.

09/09/2022

What are your plans this weekend? Here are 5 things to do in Southern California for a fun filled weekend!