Market Minutes

Market Update

Blog, Dunham Stewart, Market Minutes, Market Updates, Real Estate News, Uncategorized   |   Dunham Stewart

As this glorious summer comes to an end, it seems to be a good time to reflect on what’s coming next!
Schools are just beginning to get back in session and that means new supplies, clothes, shoes and friends are in store. It could also mean a bit more quiet time at home… well… hopefully! Sure sounds like this could be the perfect time to start making home improvements that will both inspire awe from your holiday guests and raise your property values.
Read more HERE

Will There Be a Dramatic Slowdown in the Construction of L.A. Housing?

During the first half of this decade, Los Angeles gained more than 230,000 residents — and just 40,000 new housing units. That exacerbated an already festering housing crisis, which has made L.A. among the least affordable cities in the country.
Read entire article HERE

Polished: Market Update

Blog, Buying, Community News, Dunham Stewart, Market Minutes, Market Updates, Real Estate News, Real Estate Tips, Redondo Beach, Uncategorized   |   Dunham Stewart

From busier than usual beach parking to longer lines for dining al fresco, and the slight underlying scent of sunscreen… all the signs of another exciting summer abound. It seems there is fun to be had and it’s all outdoors in an attempt to catch a breeze in this heat!
The rise in temps all around can also be seen cooking up the rising rents in the area! The sales of apartment buildings in the South Bay have nearly tripled recently. Giving the new owners a fantastic reason to do a few upgrades (great for the construction companies!) and therefore pass that cost onto their tenants.
This rise in rental property transactions have been linked to several factors including reality TV renovation shows as well as the soon to be finished NFL stadium. It’s more than likely a combination of a few factors. No matter how you look at it, upgrading current buildings brings a new found inspiration for economic growth throughout the area.
For more articles, click HERE

POLISHED *Market Update*

Blog, Buying, Community News, Dunham Stewart, Market Minutes, Market Updates, Real Estate News, Real Estate Tips, Selling   |   Dunham Stewart

We are now seeing record high selling prices for homes in many markets of California and the nation.

The sky high home values that seemed unbelievable back in 2007 have now been eclipsed in many of the larger markets of the state. The markets in the Bay Area now boast the highest values and record fast sell times.

 

Demand Conditions

  • Employment is strong throughout the state. In all coastal counties, the unemployment rate is now at the full employment level, meaning that job opportunities are relatively abundant and wages are rising.
  • The average rate for a 30-year fixed mortgage was 3.83% this week — significantly below the 5% to 6% range during the 2005 to 2007 “bubble” years.
  • In fear of facing higher interest rates because of overt statements by the Federal Reserve to push rates higher in a measured fashion, demand for mortgages has increased.
  • Because consumer confidence in March was at its highest level since 2000, people in general are feeling very confident about their employment prospects, their future income prospects, and the stability of the economy right now.
  • The financial market composite indices are at or near all time record highs. Households owning financial assets are feeling more wealthy today than during the previous 10 years.

Click HERE for the full article.

Beach Cities: 2016 New Construction Summary & New Home Pipeline for 2017-2018

Blog, Community News, Dunham Stewart, Hermosa Beach, Hermosa Beach News, Manhattan Beach, Manhattan Beach News, Market Minutes, Market Updates, Real Estate News, Real Estate Tips, Redondo Beach, Selling, Uncategorized   |   Dunham Stewart

Happy New Year!

I wanted to share with you the latest information of the South Bay new home sales from 2016. Also, see what 2017-2018 holds for new home pipeline.

 

Market Update – January 2017

Blog, Buying, Community News, Dunham Stewart, Hermosa Beach, Hermosa Beach News, Manhattan Beach, Manhattan Beach News, Market Minutes, Market Updates, Real Estate News, Real Estate Tips, Uncategorized   |   Dunham Stewart

Happy New Year!

CoreLogic reported in late December that home buying saw the fastest November in more than four years even though the month’s sales totaled 7.5% below 1988 month average.  The surge in sales increased what buyers paid. Our relatively robust local job market created more job opportunities along with pay hikes nationwide.  Fewer absentee buyers were reported.  Mortgage financing was not used in 21% of the deals.

For full report, click HERE!

jan17_sales

Beach Cities New Construction Sales & New Home Pipeline

Blog, Dunham Stewart, Market Minutes, Market Updates, Real Estate News, Real Estate Tips   |   Dunham Stewart

This South Bay Beach Cities market video shows new construction sales, new home pipeline, and a year over year comparison from the early 2000s.

Market insight is the essential ingredient in all of the services I offer. I answer the question “How is the market?” By monitoring real estate trends and statistics, I’m able to help you make critical decisions…all while giving you valuable information on an ever changing housing market!

 

South Bay Real Estate Market Minute Update

Blog, Market Minutes   |   Dunham Stewart

{Video} Hermosa Beach & Manhattan Beach Real Estate Market  Sales & Inventory ComparisonHermosa Beach Real Estate Market. Our Market Minute update features the first quarter of 2015 sales, inventory and cew construction in the South Bay Beach Cities market compared to the last couple of previous years Market insight is the essential ingredient in all of the services we offer. We answer the question “How is the market?” By monitoring Manhattan Beach real estate market trends, and statistics we make projections to help you make critical decisions. This report demonstrates the comparison of rate of sales compared to current real estate inventory, which is known as the Market Action Index. The current market would still be defined as a sellers market. We present a deep dive into the current real estate market analysis for Manhattan beach, Hermosa Beach, Redondo Beach neighborhoods. Learn about the real estate market trends for median list price, asking price per square foot, average days on market. Get the market knowledge you need to make the best real estate decision. Find Manhattan Beach real estate market statistics including home values, listing prices, number of homes for sale and many other measurements. Please make sure to subscribe to our real estate market reports for Manhattan Beach homes for sale in 90266. Presented by Dunham Stewartosa Hills Deal of the Week

South Bay Vision | Market Update | December 2014

Blog, Market Minutes, Market Updates, Real Estate News   |   Dunham Stewart
Although inventory remains low as we close out 2014 we are encouraged with the news released December 8th with Fannie Mae and Freddie Mac announcing that they are expanding access to credit for well-qualified first-time buyers struggling to enter the housing market. “Saving enough money for a down payment is the biggest hurdle for most first-time home buyers, but this program will help remove that barrier, and at the same time, lenders can be assured they are providing a safe, affordable loan to creditworthy borrowers.”*

Lenders as well as the California Association of Realtors applaud Fannie Mae and Freddie Mac in their move to lower down payments to as little as 3 percent for first-time home buyers and permit refinancing borrowers to reduce equity to 3 percent to cover closing costs.

Both programs are for fixed-rate loans given to first time homebuyers and those seeking to refinance. Fannie will start backing the loans as soon as December 13th 2014 while Freddie will start offering them March 23rd 2015.

Please enjoy. Should your plans include real estate purchase and sales, please call or email with questions – and as always, thanks for your referrals!

Sources:

*C.A.R. President Chris Kutzkey

* CNN Money

To see the entire article including graphs and stats click >HERE<

Hermosa Beach & Manhattan Beach Real Estate Market | Sales & Inventory Comparison

Blog, Market Minutes, Market Updates   |   Dunham Stewart
Hermosa Beach Real Estate Market. Our Market Minute update features the unique South Bay Beach Cities market compared to the national real estate market at large Market insight is the essential ingredient in all of the services we offer. We answer the question “How is the market?” By monitoring Manhattan Beach real estate market trends, and statistics we make projections to help you make critical decisions. This report demonstrates the comparison of rate of sales compared to current real estate inventory, which is known as the Market Action Index. The current market would still be defined as a sellers market. We present a deep dive into the current real estate market analysis for Manhattan beach, Hermosa Beach, Redondo Beach neighborhoods. This video update is for the 90266 zip code. Learn about the real estate market trends for median list price, asking price per square foot, average days on market. Get the market knowledge you need to make the best real estate decision. Find Manhattan Beach real estate market statistics including home values, listing prices, number of homes for sale and many other measurements. Please make sure to subscribe to our real estate market reports for Manhattan Beach homes for sale in 90266.

South Bay Vision – Market Update

Blog, Market Minutes, Market Updates, Real Estate News, Real Estate Tips   |   Dunham Stewart
Encouraging news – The California Association of Realtors held their REALTOR ® EXPO in Anaheim the first week of October. Vice President and Chief Economist, Leslie Appleton-Young reported that with more available homes on the market for sale, California’s housing market will see fewer investors and a return to traditional home buyers as home sales rise modestly and prices flatten out in 2015.

Here in the Beach Cities we are seeing record numbers of homes priced over one million dollars (approximately 30% this year) being purchased with cash. Up from 3.2% 10 years ago at this time.*

Please enjoy. Should your plans include real estate purchase and sales, please call or email with questions – and as always, thanks for your referrals!

To view full sources click >HERE<

Sources:

C.A.R. “2015 California Housing Market Forecast” October 2014

Paul Penzella /LA News Group, Daily Breeze, October 12th

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