If you remember a band named “Sugar Ray” in 1990s is one of my favorite band. Anyway, the singer of Sugar Ray, Mark McGrath just sold his house in Hollywood for 1.25 Million!!
The house was a 1931 country English-style house that has a step-down living room with vaulted ceiling and fold-away glass doors that open to a patio with city views. The house was listed at $1,990,000 and obviously the house was sold more than the listing price.
Moreover, the more amazing thing is, he bought that property in 1995 for ONLY $365,000. When I read this news in LA Times, I was like “WOW!!! REALLY?!?!”
The complete story can be found at: http://www.latimes.com/classified/realestate/news/la-hm-hotprop-mark-mcgrath-20101211,0,5186527.story?track=rss
The moral of this story is that house is a good investment especially in this market where house prices are still considered ‘low’ (even though we already passed the bottom). Even in the market like this, many houses still have equity.
Just decorated our Christmas tree. We are so excited because this is our first Christmas in our new house!!!
We bought the house in December 2009 and now we know the feeling of ownership. Anyway, the Christmas spirit is ON!! did our shopping and wrapped the gifts 
we put them under the tree and it’s soooo beautiful… This Christmas feels so different because WE ARE IN OUR OWN HOUSE!!!
Pending house sales index jumped 10.4% in October and the mortgage rates are up again. Freddie Mac said that the lenders offering 30-year fixed mortgage at an average of 4.46% this week. Compared to the rates last month, which was 4.17% and last week’s at 4.40%, the rates are slightly increasing.
With these information in mind, it is a great time to buy. TAKE THIS OPPORTUNITY TO GET YOUR DREAM HOMES. YOU ARE STILL NOT TOO LATE while the rates are not as high as last year and the inventory still piling up. It is still the BUYER’S MARKET.
The complete articles about the mortgage rates and home purchase contractcan be found at:
http://latimesblogs.latimes.com/money_co/2010/12/freddie-mac-mortgage-rates-are-up-again.html
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