MYLACRESCENTA.COM

Contact Haro Gharbigi

noreply@blogger.com (Haro Gharbigi (REALTOR)) — Thu, 26 Jul 2007 20:43:00 +0000

Welcome.

You can contact me directly on my cell phone at (818) 624-0941 or go to my listing and community information website at http://www.harogharbigi.com - You've made the first step in contacting the local real estate expert!

Could first time home buyers get a helping hand with subprime difficulties?

noreply@blogger.com (Haro Gharbigi (REALTOR)) — Wed, 25 Apr 2007 19:43:00 +0000

San Francisco Chronicle: Subprime loan aid possible
By Matthew Yi
4/24/07
A state Assembly committee approved a bill that will create a fund that homeowners with subprime mortgages can use to refinance their loans.

Check information on any house from your cell phone?

noreply@blogger.com (Haro Gharbigi (REALTOR)) — Mon, 09 Apr 2007 22:39:00 +0000

The following is a article By Rocky Mountain News website:

April 9, 2007

Using your mobile device to get information about real estate is a hot technology, and Denver entrepreneur James Eberhard is taking advantage with his launch of HouseFront.

Eberhard's latest venture is a mobile service that allows users to find property values and other information on more than 77 million homes in the U.S.

Here's how it works: You're in front of a home you want to know more about. You type in the home's address, then text message it to the short code 46873 (it spells house), and HouseFront will send a response that includes an estimated value, along with the number of bedrooms and bathrooms, square footage, last sold date, and sales trends for that neighborhood.

The service is free, though text messaging rates for your mobile carrier apply.

"From any mobile phone, just text in the address, and send it to the short code HOUSE, and we give you back (that information)," said Eberhard, 28, who sold his previous business - 9Squared, a provider of downloadable ringtones - to U.K.-based Monstermob Group PLC for $40 million in 2004.

Eberhard said HouseFront, which has an online database at HouseFront.com, took nine months to develop.

"The information comes from public records, and we use a number of evaluation tools" to value properties, he said. "We take the public records and combine it with MLS (multiple listing service) data, everything from beds, baths, square footage, year built.

"We looked at the housing market and how it's moved over the past 10 years, and the biggest thing that helps people is access to information.

"The Internet is great, but would you rather be looking at picture on a screen or be sitting out front of the home looking at the information?"

Eberhard said the service is not meant to be a substitute for a Realtor.

"You still need to have someone who can take you into the house. We can give a good depiction through MLS and public records, but we can't tell you whether someone has knocked down a wall in the home."

Users of the service can create a free account at the Web site, which will maintain an online database of properties researched so a userSource: Homefront, Rocky Mountain News can do comparison shopping.

How it works

House Front is a mobile service that allows users to find propertyvalues and other information on more than 77 million homes.

Consumer sends in property address to 46873, or HOUSE.

Reply then is sent with estimated house value, house details\ and margin of error.

Local Real Estate Agent Links...

noreply@blogger.com (Haro Gharbigi (REALTOR)) — Tue, 03 Apr 2007 00:54:00 +0000

SERVING...
Glendale, Burbank, La Crescenta, Montrose, La Canada, Tujunga, Sunland
and surrounding areas.

Haro Gharbigi
4005 Foothill Boulevard
La Crescenta, CA 91214
Phone: (818) 624-0941

Montrose Real Estate
La Crescenta Real Estate
La Canada Real Estate
Glendale California Real Estate
Glendale Real Estate
Tujunga Real Estate
Sunland Real Estate
La Canada Homes
La Crescenta Homes
Glendale Homes
Glendale California Homes
Sunland Homes
Tujunga Homes
Glendale Homes For Sale
La Canada Homes For Sale
La Crescenta Homes For Sale
Tujunga Homes For Sale
Glendale Realtor
La Canada Realtor
La Crescenta Realtor
Montrose Realtor
Tujunga Realtor
Sunland Realtor
Glendale Real Estate Agent
La Canada Real Estate Agent
La Crescenta Real EstateAgent
Montrose Real Estate Agent
Sunland Real Estate Agent
Glendale Properties
La Canada Properties
La Crescenta Properties
Whiting Woods Properties
Tujunga California Real Estate Site for Blogging.
La Crescenta Community Information Site
La Canada Community Information Site

30-year fixed rate at 5.72%; 10-year Treasury yield at 4.65%

noreply@blogger.com (Haro Gharbigi (REALTOR)) — Mon, 02 Apr 2007 21:05:00 +0000

According to the Inman News Aricle dated Monday, April 02, 2007

"Long-term mortgage interest rates continued higher Friday, and the benchmark 10-year Treasury bond yield rose to 4.65 percent.

The 30-year fixed-rate average gained to 5.72 percent, and the 15-year fixed rate climbed to 5.45 percent. The 1-year adjustable held at 5.33 percent.

The 30-year Treasury bond yield stayed at 4.84 percent.

Rates are current as of 7:15 p.m. Eastern Standard Time.

Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5.

In other economic news, the Dow Jones Industrial Average gained 5.6 points, or 0.05 percent, finishing at 12,354.35. The Nasdaq was up 3.76 points, or 0.16 percent, closing at 2,421.64.

Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time."

Overnight real estate rates sink

noreply@blogger.com (Haro Gharbigi (REALTOR)) — Wed, 28 Mar 2007 18:55:00 +0000

30-year fixed rate at 5.7%; 10-year Treasury yield at 4.6%

According to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5 long-term mortgage interest rates were down Tuesday, and the benchmark 10-year Treasury bond yield stayed at 4.6 percent.

The 30-year fixed-rate average dipped to 5.7 percent, and the 15-year fixed rate slipped to 5.43 percent. The 1-year adjustable was down at 5.32 percent.

The 30-year Treasury bond yield held at 4.8 percent.

Rates are current as of 7:15 p.m. Eastern Standard Time.

The Dow Jones Industrial Average lost 71.78 points, or 0.58 percent, finishing at 12,397.29. The Nasdaq was down 18.2 points, or 0.74 percent, closing at 2,437.43.

All figures are current as of 7:30 p.m. Eastern Standard Time.

Interest Rates Continue to Dip Lower

noreply@blogger.com (Haro Gharbigi (REALTOR)) — Fri, 08 Dec 2006 01:05:00 +0000

By: Haro Gharbigi (REALTOR)

Interest rates across the country continue to go down the escalator causing home sales to rise in some Southern California markets. Sales in La Crescenta, Sunland, La Canada, Tujunga, Glendale, Burbank, and Surrounding areas have all picked up due to rate locks in the low 6%'s and even some in the 5% range.

Creative financing loans are still a major contributor for the prices in these areas holding fairly steady. The Holidays surprisingly have not had too much drag on the sales as they normally do. People don't seen to mind moving this year especially with the warm weather we've been having lately this time of year.

According to some sources the rates may continue to go lower which could have a impact on home prices either staying strong or maybe even turn the other way and go higher. This could cause an increase in speculative buying which has been slow in 2006, although I don't think we will see the same levels as we did in 2003 and 2004.

Mortgage Type Today Last Week Change
30-yr Fixed 5.58% 5.66% -0.08%
15-yr Fixed 5.34% 5.43% -0.09%
30-yr Jumbo 5.95% 6.01% -0.06%
5/1 ARM 5.39% 5.48% -0.09%
5/1 Jumbo ARM 5.60% 5.67% -0.07%

View Homes for sale in La Canada, Tujunga, La Crescenta, Sunland, Glendale, Burbank, and surrounding areas.

Market Statistics for La Crescenta 1/13/2006 to 7/12/2006

noreply@blogger.com (Haro Gharbigi (REALTOR)) — Wed, 12 Jul 2006 20:17:00 +0000

Market Statistics Report Listings as of 07/12/06
at 2:14pm Property Type ResidentialProperty Subtype Single Fam Res Detch Area
LaCrescenta/Glen-MonStatuses Active, Sold (1/13/2006 to 7/12/2006) Residential
2- Bedrooms 3 Bedrooms 4 Bedrooms 5+ Bedrooms All Bedrooms Active #Units 16 54
22 5 97 Average List Price $617,156 $762,644 $954,884 $1,204,980 $805,047
Average Market Time 48 52 59 43 53 Average Square Feet 924 1621 2151 3418 1719
All Off Market #Units 41 63 24 7 135 Pending #Units 0 0 0 0 0 Average List Price
$0 $0 $0 $0 $0 Average Market Time 0 0 0 0 0 Average Square Feet 0 0 0 0 0 Sold
#Units 41 63 24 7 135 Dollar Value $24,891,500 $47,899,914 $21,489,950
$8,584,805 $102,866,169 Average List Price $611,655 $765,408 $903,013 $1,215,257
$766,501 Average Sold Price $607,110 $760,316 $895,415 $1,226,401 $761,972
Average Market Time 58 55 59 42 56 Average Square Feet 908 1587 2160 3101 1561 %
of List Price 99.26 99.33 99.16 100.92 99.41 Not Pending or Sold #Units 0 0 0 0
0 Average List Price $0 $0 $0 $0 $0 Average Square Feet 0 0 0 0 0 Equal
Opportunity Housing * All information deemed reliable, but not guaranteed.
Information has not been verified, is not guaranteed, and is subject to change.

Dirty real estate tricks

noreply@blogger.com (Haro Gharbigi (REALTOR)) — Tue, 06 Jun 2006 21:51:00 +0000

Dirty real estate tricks

David Rew is a real estate agent turned whistleblower,
and he wants everybody to know it. He claims to be
exposing the industry’s dirty tricks.

He's even taken out ads in the paper. Exposing agents'
tricks and tactics, it has sent shockwaves through the
well-heeled village of Mount Eliza on Melbourne's outskirts.

"There is nothing that makes the unscrupulous agent flourish
more than the ethical agent doing nothing," he said.
"So I think that really...if we bring this into the open,
it will stop some of them using these practices," he said.

David claimed a lacklustre property market meant a lot of agents
were grossly overvaluing properties in a bid to lure sellers.
That lead to unhappy people and unsold properties.
"Well very often they're entrapped by an agent that comes
along with a very high valuation on their property and also
a low commission," he said.

"A lot of vendors would say its terrific: slash the commissions,
it's all the better for us, but if you're going to slash your commission
you can put nothing else in - you can't afford to give the service
that a house demands, therefore the vendor's suffering again,"
he said.
"The difference between getting another $10,000, $20,000
on a property is significantly greater than saving one or
two thousand dollars on a commission," he said.

MORE...
David said he valued one house at $750,000 but lost the sale
to another agent who cited its worth at over a million dollars.
David said three agents later, the house sold for $660,000,
close to $400,000 less than the questionable million dollar
valuation. And there were a lot of questionable things
happening in real estate.

You couldn't rely on the fall of a hammer - nor did it seem
you could rely on those glossy brochures depicting the house
and land being offered for sale.

First homebuyer Shane Crawford put a deposit on his so called
dream property, and all the advertising said it measured 2.5 acres.
"I feel I have been very misled," he said.

"I just assumed it was correct, like a lot of people would," he said.
But to Shane's horror, three days before settlement he measured
up and found it was only a 1.5 acre property. Problem was the
deposit was already paid, the contract signed and the agent
wasn't liable.

"From my understanding, the agent's basically took the vendor's
word for it.""He didn't inspect the title of the place and he obviously
didn't think to question their word at all."

"He said he's very sorry, but basically because I signed the contract
and I looked at the property, it was a case of tough luck," Shane said.
So the moral of the story was caveat emptor, or buyer beware.

"To everyone buying a house and land be very careful," Shane said.
And we haven't heard the last from David Rew, who said he would
keep blowing the whistle on unscrupulous practices.

Go to source: Today Tonight on Seven

Must home seller disclose noisy neighbors?

noreply@blogger.com (Haro Gharbigi (REALTOR)) — Wed, 11 Jan 2006 20:27:00 +0000

"One of the reasons I am selling my house is the noisy neighbors next door. They are a "hippie couple" who are normally quiet during the weekdays. But on some weekends, their loud motorcycle gang friends come to visit to drink and do drugs. I had to call the police on several occasions..." Read More...

With prices continuing to rise, California households earn far less than the minimum salary needed to buy a median priced home. Read more...

noreply@blogger.com (Haro Gharbigi (REALTOR)) — Thu, 29 Sep 2005 00:13:00 +0000

By Gregory J. Wilcox

Daily News, Los Angeles

RISMEDIA, August 4 – (KRT) – With prices continuing to rise, California households earn far less than the minimum salary needed to buy a median priced home, a trade group reported this week.

The median income across the state averaged $53,840 in the second quarter, $70,480 less than the $124,320 salary needed to qualify for a house priced at the median of $530,430, said the Los Angeles-based California Association of Realtors.

Statewide the gap widened 28.3 percent from the like period a year ago.

In Southern California, where the median price averaged $510,000 in the second quarter, the median income was $52,310 and the qualifying amount was $119,530. That leaves a gap of $67,220.

The association began tracking the disparity between paychecks and income qualifying requirements in last year's first quarter and it's widened ever since.

Not surprisingly, less expensive areas, like the Central Valley, have a narrower gap while more expensive areas, like Southern California, have a wider gap.

For example, in the Central Valley the median household income was $41,250 and a median priced home, the point at which half cost more and half less, was $344,330. The qualifying income was $80,700, leaving a gap of $39,450.

No reversal of this trend is in sight, either.

"This time next year, assuming that home prices go up ... and interest rates go up I would imagine the income gap will be higher than it is at the present time," said Robert Kleinhenz, the association's deputy chief economist.

The association's Housing Income Gap Index is based on the same model used to track affordability. It assumes a 20 percent down payment and the fact that a household won't spend more than 30 percent of its income on housing.

But neither have tracked reality. Housing sales are ahead of last year's record pace for the year's first half amid rising prices.

Kleinhenz notes that the qualifying ratio is more than 30 percent in lots of instances today, trade-up buyers are able to make substantial down payments and there are a variety of loan products available.

"That should be troublesome," he said of how buyers are managing to get into the market.

Jim Link, executive vice president at the Southland Regional Association of Realtors in Van Nuys, said that the San Fernando Valley market didn't lose traction in July.

"There aren't any real signs of cooling off. I'd say the rate of appreciation, while still high, is not going up as fast but the buyer demand is still there."

Copyright © 2005, Daily News, Los Angeles

Distributed by Knight Ridder/Tribune Business News.

MYLACRESCENTA.COM

noreply@blogger.com (Haro Gharbigi (REALTOR)) — Tue, 06 Sep 2005 21:35:00 +0000

Thank you for visiting MYLACRESCENTA.COM!

here you will find information on the latest housing market and news in La Crescenta and the surrounding communities.

you can view the latest homes in our easy to use MLS search at the following address. http://realtor.century21crest.com. You can find houses in La Crescenta, Glendale, Burbank, la Canada, Montrose, and many more cities in Los Angeles.

You can also visit the following websites...

glendale homes for sale. real estate.

La Canada Real Estate and homes for sale

highland square homes. real estate.