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The Southward Group

Southern California and Los Angeles Real Estate

Happiness cannot be traveled to, owned, earned, worn or consumed. Happiness is the spiritual experience of living every minute with love, grace and gratitude. — Unknown

More Americans say now is a bad time to buy a home

After a strong summer in the housing market, something is turning potential buyers on their heels. Just 21% of Americans say now is a good time to buy a home, a drop from 28% in September, according to a monthly sentiment survey by Fannie Mae.
Note : Diana Olick CNBC

Real estate sales sink as foreign buyers shy away.

Luxury real estate has seen a dramatic downturn this year, with prices plunging to recession-era levels in some markets.
Note : By Erik Sherman

The Luxury Market: Glut of Megamansions will affect your pricing.

Los Angeles has too many megamansions and not enough buyers, reported Katherine Clarke for The Wall Street Journal. Real-estate agents and developers are turning to themed parties, gimmicky amenities, and $100 million price cuts to get the megamansions off the market. From LA to NYC, gimmicks and price cuts are being used in big cities nationwide, signaling a slow luxury real estate market.
Note : courtesy of Hillary Hoffower

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