Market Minutes

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

South Bay Vision – Market Update

Blog, Buying, Market Minutes, Market Updates, Real Estate News, Selling   |   Dunham Stewart
The California Association of Realtors released their report on California existing home sales and median prices in July. The statewide median price rose over the 12 months ending in July by 7.1% to $464,750. Although June marked the end of the 23 months of double-digit prices increases, the median single-family home price in California has now risen on a year-over-year basis for 29 months.

“Home prices continued to march higher across much of the U.S. in July. Most states are reaching price levels not seen since the boom year of 2006,” said Anand Nallathambi, president and CEO of CoreLogic. “Our data indicates that this trend will continue, with more states hitting new all-time peaks this year and into 2015 as the recovery continues.”

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:

*LAEDC / Volume 18 N. 34

** HousingWire / Trey Garrison CoreLogic 9-2-14

For full source information, click >HERE<

South Bay Vision – Market Update

Blog, Buying, Market Minutes, Market Updates, Real Estate News, Selling   |   Dunham Stewart
According to the latest TrendGraphix reports for the beach cities for the period May 13th – July 13th compared to the same period last year you will see the number of properties for sale increased in Hermosa, Redondo and El Segundo however decreased slightly in Manhattan Beach. Although months of inventory have increased since the same time last year, we’re looking at approximately 1.9 months of available inventory for most of the beach cities including El Segundo.

Lawrence Yun, NAR chief economist, says the housing market is stabilizing, but ongoing challenges are impeding full sales potential. “Activity is notably higher than earlier this year as proces have moderated and inventory levels have improved,” he said. “However, supply shortages still exist in parts of the country, wages are flat, and tight credit conditions are deterring a higher number of potential buyers from fully taking advantage of lower interest rates.”

Pending home sales in the West inched 0.2 percent in June to 95.7, but remains 16.7 percent below June 2013.

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: TrendGraphics, C.A.R.

Manhattan Beach Real Estate Market Minute

Blog, Community News, Market Minutes, Market Updates   |   Dunham Stewart
Manhattan Beach real estate market update. A look back at 2013 a year in review new construction, sales and inventory in Manhattan Beach, Hermosa Beach and North Redondo Beach. 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 new construction, 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. Presented by Dunham Stewart

Manhattan Beach Housing Market Minute

Blog, Community News, Manhattan Beach News, Market Minutes   |   Dunham Stewart
Manhattan Beach real estate market update. A look back at 10+ years of sale and inventory in Manhattan Beach, Hermosa Beach and North Redondo Beach. 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.

Manhattan Beach Real Estate Market Minute Report

Blog, Community News, Market Minutes   |   Dunham Stewart
Market insight is the essential ingredient in all of the services we offer. We answer the question “How is the market?” By monitoring 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 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 Market Update

Blog, Market Minutes, Market Updates   |   Dunham Stewart
Happy New Year!  South Bay Brokers is starting the year off with great news.  We are happy to report, as you will read in the first article, that it looks like economic conditions are pointing  toward a brighter 2012 with low interest rates, improving employment figures, low inventory – pent up demand and price stability.  In order to learn more about the improving  Economic Momentum, South Bay Brokers is hosting a expert Super Panel. These expert economists will be discussing our local, state and national, economic status February 8th at the Crowne Plaza in Redondo Beach.  Please be sure to RSVP by January 31st.  Hope you can make it! Read more:  Click Here

Good News on The Home Front

Blog, Market Minutes   |   Dunham Stewart
National Association of Realtors Chief Economist Lawrence Yun is upbeat about 2012 because in a number of areas indicators are pointing upward. Not only are home sales up but housing starts are up and home prices are stabilizing in many markets and heading up in some. The latest pending home sales index figure is up for the second month in a row. But more than that, the index has broken 100. This is significant because the only time since the housing boom collapsed that the index has broken 100 is when the home owner tax credit was in effect. The fact that the index has returned to that level a year since the credit has been in effect means the housing market is strengthening completely on its own, without any stimulus. In this video, Yun talks about what the latest figures mean.
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