Perched in the treetops of Silver Lake, this 1960's post and beam looks out over the hills with views of downtown to one side and the reservoir to the other. Its walled & gated entrance bestows privacy on a house defined by windows. A rare garden and patio space in the front allow for alfresco dining right off the kitchen. Inside, an open layout flows through the public rooms. The house is 2 bedrooms and 2 baths, including an en-suite master that sits atop a canopy of foliage on a street-to-street lot. Beneath the house is a separate, detached space that makes for the perfect library, office, studio or bunk room. A stone's throw to Botanica, LA Mill, L & E, the reservoir, the dog park and the meadow, it grants access to the best that Silver Lake has to offer, but on one of it's quieter streets. How life in Silver Lake is meant to be.
Los Angeles -
As the housing markets continue to sustain at peak prices, the rental prices are seeing a big jump from last month, with an increase of 3%, according to a report from Zumper. Los Angeles remains the sixth most expensive city for apartment rentals, trailing behind San Francisco and New York, with a 4.6% increase since spring of 2016.
Read more about the news here.
According to analysts at Morgan Stanley, The commercial real estate market is showing signs of cracks and weakness that will peak this year.
As commercial real estate is leaning towards a bearish market, the bullish trend for residential housing continues. Many experts believe that the demand for housing will surge in the coming years, especially with commercial real estate on a downtrend.
"We expect 2017 to mark the end of the bull cycle for US CRE," they said in a note on Wednesday.
The possibility for slow decay, in the growth of net operating income, could be a primary risk factor that would contribute to the decline in the commercial real estate market.
- Relative to history, housing remains affordable but consumers remain squeezed and incomes are falling.
- Housing demand is weak but supply is low causing price to remain remarkably stable for now.
- Rising interest rates dramatically impact housing affordability; and rates have been rising.
- I believe the consumer will continue to get weaker as incomes continue to fall causing the housing market to take a down turn over the next year.
Where We Stand
After bottoming in 2009, home prices showed strong growth through 2013, and has since cooled off slightly. Over the last 2 years, home price growth has been remarkably flat due to an interesting tug of war between supply and demand.
Focusing on the growth rate of housing as opposed to the nominal price of housing is important. For example, if home prices are growing at 10% year over year and then falls to 5% growth year over year, home prices are still going up, although at a slower pace. Although prices are still moving upwards. Measuring housing in this fashion often allows you to front run real estate moves because the growth rate has to fall before becoming negative and waiting until the growth rate is negative (or home prices falling in nominal terms) is often to late. Studying the change in growth rate allows you to stay ahead of the curve.
Currently the growth in home prices has been very flat at around ~5% year over year. Since the growth rate is flat, this provides little insight into the direction of the next move in the real estate market. It is now even more important to understand what is causing home price growth to remain so stable.
Supply is very low, putting upward pressure on prices, while demand is weak putting downward pressure on prices; the result being home price growth that has been flat for almost 2 years.
Purchased with the help of John Johnston, and TheLAhome team, This Modern Mansion boasts 4,064 sq. ft., with a lot size of 11,364 ft.
Modern Hollywood Regency with a sophisticated contemporary finish. This magazine worthy, Mid-Century Showpiece features highly detailed select quality custom fixtures. 11 foot tall custom built entry doors & floor to ceiling retractable Fleetwood walls of glass showcasing sweeping city & mountain views are only the beginning. This walled & gated designer exclusive offers superior privacy w/a classic Mulholland address. The single-level open floor plan, a dramatic motor court featuring 12 foot tall custom Calcutta stone columns, parking for 10 & an indoor/outdoor sound system all come together to make this an entertainer's dream. All bedrooms offer bathroom en suite featuring designer tile, Dornbracht, Gessi & Catalano fixtures. A master bathroom 2nd to none w/radiant heat flooring, dry sauna, steam shower for at least 2, separate massage & gym area. Swarovski lighting, Miele appliances, & a security system w/8 perimeter cameras are just some of what this home has to offer.
Stunning, 2-story Monterey Colonial. North of Los Feliz Blvd – Griffith Park steps away. Every detail has been poured over with a devotion to the home’s original charm, including recent renovations of the kitchen and bathrooms. Downstairs – peg and groove wood floors, intricate crown molding and beautiful masonry adorn the public rooms. French doors open into a garden filled with ferns and dappled light.
1920’s West Hollywood Craftsman Home for sale replete with original charm. Arched ceilings, fireplace, leaded windows and front porch perched above the street, just enough to feel separate from the city but close enough to watch it pass by. Contact Johnny Johnston at (323)671-2326 for more info on this and many other West Hollywood homes