From prestigious coastal enclaves to exclusive inland communities, buyers from overseas are increasingly interested in owning a home in Southern California. But many find that learning the ins and outs of the region’s broad spectrum of cities and communities can be overwhelming. That is where the professionals at Teles International, a division of the luxury [...]
Filed under: Industry and Economic News, Teles News and Press Releases on November 10th, 2011 | 1 Comment »
This week, “Inside the Market” looks at the increasing foreign real estate investment and home buying trend occurring in Southern California and throughout the United States. A new Senate bill will increase the amount of foreigners looking to get a piece of the American Dream… Also this week, a lot of buzz about the S&P [...]
Filed under: Industry and Economic News, Teles Weekly Activity on October 28th, 2011 | No Comments »
BEVERLY HILLS, Calif. – September 14, 2011 – The Board of Directors of Teles Properties has selected Sharran Srivatsaa as the firm’s new Chief Operating Officer. Srivatsaa will focus on the firm’s core offerings that consist of technology, marketing, and integrated operations. Additionally, he will be responsible for Teles’ corporate finance strategy and is charged [...]
Filed under: Industry and Economic News, Teles News and Press Releases on September 14th, 2011 | No Comments »
Top-selling luxury property specialist McMonigle affiliate with Newport Beach location. Beverly Hills, California – June 13, 2011 – Combining the talents of real estate industry heavy weights – Teles Properties CEO, Peter Loewy, announced this week that the John McMonigle Team will join the Teles Properties Orange County flagship office in Newport Beach. Known for [...]
Filed under: Industry and Economic News, Teles News and Press Releases on June 13th, 2011 | No Comments »
Spencer Krull discovered this article from the New York Times that does a fantastic job explaining what part lenders play in the foreclosure process and what impacts the pace of the process is having on the housing recovery. The table below outlines the inventory levels and sales rates for foreclosed and distressed properties.
Filed under: Industry and Economic News on May 23rd, 2011 | No Comments »
mybudget360.com has written a piece outlining why housing rates could remain flat for the next 10 years. There are six main arguments: 1) Dual Income Households are Peaking: Housing is generally the biggest expense for a household, and if the trend is to return to a single income home then purchasing power is diminished. 2) According [...]
Filed under: Industry and Economic News on April 11th, 2011 | No Comments »
In it’s FY 2011 budget the Obama Administration has proposed changing the Mortgage Interest Deduction for taxpayers in the 33% and 35% tax brackets to a 28% tax credit. While this is projected to raise $318b over 10 years for the Federal Government, this change could affect housing values and any recovery of the already [...]
Filed under: Industry and Economic News on April 7th, 2011 | No Comments »
Today the Wall Street Journal published a list of reasons why now is a good time to buy a home. It’s a refreshing piece of writing in a time when the majority of real estate news is negative. Here are some of their reasons: You can get a good deal Mortgages are Cheap You’ll Save [...]
Filed under: Industry and Economic News on September 16th, 2010 | No Comments »
In a recent article, Inman News attempted to answer that very question with the help of an analysis prepared by The PMI Group. From the Article: “Two leading indicators — applications for purchase mortgages and the number of homebuyers entering into contracts to purchase homes — suggest sales of resale homes hit bottom in July [...]
Filed under: Industry and Economic News on September 16th, 2010 | No Comments »
The Southland’s housing recovery held its ground in June as home sales rose, fueled by government tax incentives, but the median home price dropped a notch from May. The median price for all new and resale single-family homes, condominiums and town homes was $300,000 in June, according to research firm MDA DataQuick of San Diego. [...]
Filed under: Industry and Economic News on July 14th, 2010 | No Comments »
