Manhattan Beach Real Estate Blog

Manhattan Beach Real Estate Blog

Just Listed! 8-Units in Redondo Beach Along the Avenues

For more information about this listing please visit the property website at: … [Read more...]

Average 30-year mortgage rate rises above 4%, says Freddie Mac

Moving higher for a second week, the 30-year mortgage rate broke back above 4%. Freddie Mac calculated that lenders were offering the most popular home loan at an average of 4.02%. Rates rose for other loan types as well. Freddie Mac said 15-year fixed mortgages were averaging 3.21%, up from 3.13% a week earlier, and the start rates on adjustable loans edged higher. The widely watched survey, released Thursday, had shown the 30-year mortgage below 4% for the three prior weeks, bottoming … [Read more...]

Manhattan Beach Secures No. 2 spot in Top 10 Best Cities to Raise a Family in SoCal

Manhattan Beach is among the top ten cities to raise a family in SoCal, according to the financial site CreditDonkey. The study only considered cities with a population of 25,000 or higher; it based the list on education levels, commute time, household type, residency and housing costs. The study focused heavily on education, with rankings reflecting the cities with the highest percentage of adults who earned a high school diploma or better. Overall, the more educated residents are, the … [Read more...]

Mortgage rates drop a notch; 30-year averaging 4.2%

Mortgage interest rates eased slightly this week amid mixed housing data, with Freddie Mac's survey showing that lenders were offering 30-year fixed-rate loans to well-qualified borrowers at an average of 4.2%, down from 4.23% last week. The average rate for 15-year fixed-rate home loans edged down from 3.37% to 3.36%, while the start rates for adjustable loans with the first five years fixed rose to 3.08% from 3.06%. Frank Nothaft, Freddie Mac's chief economist, took note of the mixed … [Read more...]

American Real Estate’s Future – What the Experts Are Saying

The real real estate revolution has yet to happen. Over the past 10 years, we have witnessed an unprecedented rise in real estate prices, a housing crash, the near-total freeze of lending for residential real estate, and a recovery in housing prices that occurred almost as quickly as the preceding crash. But the real real estate revolution has yet to happen. At the Bipartisan Policy Committee’s Housing Summit in Washington this week, everyone from policy makers, to home builders, to … [Read more...]

What Home Buyers & Sellers Should Know About Appraisals

When it comes to real estate, the appraisal is the linchpin around which all else revolves. Both buyers and sellers are in a holding pattern until the appraiser arrives at the property, looks it over and comes back with a figure for what he thinks the place is worth. Such is the case whether the property in question is a single-family house in the suburbs or a $200-million office tower in the city. "Nothing happens in real estate until the appraisal report is signed and an opinion of the … [Read more...]

Thinking of Buying an Investment Property? Here are a Few Tips!

With interest rates still at historic lows and property values depressed many savvy investors have been buying investment property during the last two years. Even though properties are now appreciating again it’s not too late to get into the investment game. Here are a few tips that might help.   Buy what you know If your comfort zone is a single family home consider that. If you have some knowledge of multi-unit or commercial the upside is bigger but so is the … [Read more...]

5 Key Questions to Ask Your Potential Real Estate Agent Before Hiring

Los Angeles real estate agents, like in any area of the country, come in many shapes, sizes and attitudes. In LA, some have even gained "celebrity" status with the advent of cable television: fast-talking, freewheeling "get-it-done" types with crisp attires and flashy modes of transportation. Beyond the differences in style and approach, one characteristic that all realtors share is our reputation, which is something to be valued highly. It should always be taken into consideration as it is … [Read more...]

South Bay Housing Market Insight – May 2014

Designed to give you a quick, complete overview of both current and past market conditions, this South Bay Market Insight report covers Manhattan Beach, Hermosa Beach, Redondo Beach, El Segundo, Torrance, Hawthorne, Gardena, Lawndale and Lomita. First, we examine Year Over Year statistics, compiled from carefully collected sales data. Percent change—which was calculated by subtracting past value from current value, and dividing that product by past value—gives you a quick snapshot of how each … [Read more...]

New-home sizes keep growing

Families across the country are demanding bigger and bigger homes, undaunted by the prospect of fillings rooms with furniture and generations of soon-to-be-born dust bunnies. In 2013 the median floor area of new single-family homes sold in the U.S. rose 4 percent to hit almost 2,500 square feet, according to recently released data from the U.S. Census Bureau. That compares to the median 1,700-square-foot size of a single detached and manufactured home, as reported in the 2011 American … [Read more...]