Sportsmen’s Lodge to be Redeveloped

Plans to raze Studio City’s iconic Sportsmen’s Lodge event center and build an upscale outdoor shopping mall on the property are officially underway after years of strained negotiations and ownership changes. The current owner, New York-based real estate firm Midwood Investment and Development, shared plans today for the development of The Shops at Sportsmen’s Lodge,

Mortgage rates dropped this week

The May 9, 2019 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.10%, down from 4.14% last week. The 15-year fixed was 3.57%, down slightly from 3.60% last week. The 5-year ARM was 3.63%, down from 3.68% last week.

NoHo’s newest sensation BLU is coming soon!!

An intimate and hip collection of 18, new contemporary single-family homes with roof decks located in a quiet residential NoHo neighborhood just bordering Toluca Lake. Blu is just minutes from Universal City, the NoHo Arts District and Burbank. These architecturally-designed, structurally independent homes feature 3 bedrooms, 3.5 baths and up to 1,717 square feet of

Mortgage rates higher this week –

The April 18, 2019 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.17%, up slightly from 4.12% last week. The 15-year fixed was 3.62%, almost unchanged from 3.60% last week. The 5-year ARM was 3.78%, down slightly from 3.80% last week.

Fed Sparks Economic Reacceleration

The economic data coming out of the US this week showed that not only is a recession highly unlikely anytime soon, but the economy is actually reaccelerating from the slowdown seen last fall. Back in October and November, the Fed was very hawkish and suggested that three rate hikes would come in 2019. This caused