Situated in southern California, just 40 miles northwest of downtown Los Angeles, Agoura Hills is a beautiful city, say local real estate professionals.
"Agoura Hills is tranquil," says Realtor Michael Ansari, "and it has clean air."
Ansari explains, "This city is located northwest of Los Angeles county within 15 to 25 minutes of the Pacific Ocean. Agoura/Agoura Hills is mostly an upscale community with many homes built after 1982 when it was incorporated into the city it is today. Public schools are rated among California's best and the overall crime rate is very low. The average home price in Agoura/Agoura Hills was approximately $750,000, and starting in the $500,000s and up in April 04, and the average price for condominiums is nearly $375,000 per unit. Home prices have been rising steadily in recent years and the supply of homes for sale remain at historic lows but, the number of homes for sale have increased in the last few weeks. Residential real estate in this city has appreciated double digits in the past 30 months."
"Yesterday's ride higher in Bonds is being pushed back hard, after this mornings release of a far stronger than anticipated Chicago Purchasing Managers Index report," says Realtor and mortgage professional Michael O'Connor. "This important manufacturing index was expected to come in around 62.0, but came in at a blistering 68.0! Bonds are dropping like a wet taco in response to this strong news.
"Other reports of the morning were mixed, with personal income and personal spending coming in slightly higher than anticipated, while University of Michigan consumer sentiment was slightly under expectations. These others reports had little effect on the market, which was heavily influenced by the Chicago PMI.
O'Connor advises, "Keep an eye on the 25-day moving average, which should act as a good level of support today. As we head into the long holiday weekend, trading will likely be thin as bond traders head out to enjoy the weekend, with an official market closing at 2:00pm ET. While bonds may be stopped from falling much further from current levels by the pre-holiday "flight to quality" bid, most of the pre-holiday trade undoubtedly took place on Thursday. Next Tuesday's trading action will be driven in part by any news of geopolitical or terrorist activity over the weekend, or hopefully the lack thereof."
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Published: June 2, 2004
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