(Bloomberg) — Purchases of new homes in the U.S. unexpectedly rose in February to a seven-year high as stronger job gains helped bolster industry activity amid severe weather.
Sales climbed 7.8 percent to a 539,000 annualized pace, the most since February 2008, Commerce Department data showed Tuesday in Washington. The reading exceeded even the most optimistic forecast of economists surveyed by Bloomberg.
There is a lot of press lately about a big pull back in real estate across the country. Contrary to other areas, I’d say that things are definitely looking “up” in #SiliconBeach, as demonstrated by the data charts below.
Numbers for Marina del Rey, Playa Vista and Playa del Rey are slightly more mixed, but those are small markets with anomalies in housing stock.
By luck and happenstance, I fell into real estate just as Web 1.0 was hitting its stride. Suddenly you weren’t one of the cool kids if you didn’t have a static brochure site up with contact information and a cool .com or .net domain name. A picture of an agent with his or her dog was not uncommon. It was a heady time, especially for a lawyer who didn’t have a clue about anymarketing, much less internet marketing (despite the staggering tuition I paid my law school 😉 ).
Then came Web 2.0…
Flash forward to the mid-2000’s and people wanted a little more action from their website experience. They got comfortable filling out forms with personal information and handing over their credit cards to buy things from faceless strangers. They got empowered! And they got Continue reading “Crowdsourcing A New Normal In Real Estate”