Market Updates

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.

April Market Update

Blog, Buying, Community News, Dunham Stewart, Market Updates, Real Estate News, Real Estate Tips, Selling, South Bay Living, Uncategorized   |   Dunham Stewart

Here in the Beach Cities, spring is in full bloom and there are signs of it all around us.

In real estate markets near and far, growth is abundant and it looks like it will continue that way for at least a bit!

According to National Mortgage Professional Magazine, “… Sky-high potential price gains may be finally prompting more homeowners to sell.” This is fantastic news for sellers and buyers alike. Movement increases inventory. Inventory increases a buyers choices. We all like choices! The unique and distinctive properties available on the market right now are not to be missed!

Read more by clicking HERE!

*Market Update*

Blog, Buying, Community News, Dunham Stewart, Hermosa Beach, Hermosa Beach News, Market Updates, Uncategorized   |   Dunham Stewart

“Hermosa Beach will temporarily permit residents of commercial areas to rent out their homes to vacationers on sites like Airbnb.com — even as it fights a court challenge to its outright ban on them in most neighborhoods.”

 

Read more by clicking HERE

New Market Update: Polished

Blog, Dunham Stewart, Market Updates, Real Estate Tips, Selling, Uncategorized   |   Dunham Stewart

Announcing our new monthly newsletter: Polished. Click HERE for a ton of information, including a 2017 National Housing Forecast.

*January Market Update*

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

Housing Market Update Pic1

In December the Federal Reserve announced that they were raising their short term rates for the first time in 2016 by a quarter percentage point between 0.50% and 0.75%. This was only the second time in more than a decade. Although they projected rates would raise more quickly in 2017 that did not happen after their first policy meeting February 1st. The Feds reaffirmed in their meeting that they would hold firm on interest rates for now although projecting increases would come later in the year.
Please take time to review the latest housing market trends for our South Bay Cities below. Sales in Palos Verdes, Manhattan Beach and Hermosa Beach continue to rise while Redondo Beach shows a dip in sales.
Read full report by clicking HERE

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

Housing Market Update – November 2016

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

After falling to the lowest level in 50 years, the U.S. homeownership rate bounced up slightly in the third quarter of this year. Corelogic reports that the amount of equity homeowners now have has doubled in the last five years sales.

For the full article & market report, click HERE!

Housing Market Update Pic1

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