Nationwide, July saw the sale of existing homes decrease for the fourth straight month. Some Wall Street Journal economists had predicted an increase of 0.6% from June to July due to what looked like a recovering market after the recession. It actually fell 0.7%. Rising house prices are pricing people out of affordable housing rather […]
The new tax plan includes some changes to income property investments that owners of income property should be aware of. The ownership period to include carried interest in the lower capital gains rate has increased from a minimum of one year to a minimum of three years. Before three years, it will be taxed as […]
Global markets are stabilizing, which will cause interest rates previously held in check by cautious investors to increase. This predicts a slight downtown in 2018, since currently sales volume is low and prices are high, so rising interest rates will initially decrease demand from prospective buyers who can no longer afford to qualify for what […]
The following article is reprinted from first tuesday journal, and was written by Carrie B. Reyes. We seldom reprint entire articles, however this contains a unique interpretation of statistics worthy of being widely distributed. Our thanks to first tuesday journal and Ms. Reyes. On a monthly basis, 2.9 homes sold per 1,000 households at the […]
The simple answer, for houses in south Redondo Beach, is yes. In December of 2007, TheMLS showed the 6 month rolling median sales price at $1,082,250, then the plunge began. Most of the decline in value … 31% … occurred between December of 2007 and autumn of 2011. Prices bounced along the bottom until they […]
For the most recent three month period, house sales in Redondo Beach, south of Torrance Blvd, and west of Pacific Coast Highway totaled 20 units. The lowest sale price for $970k for a 3 bed / 1 bath home, while the highest sale was $2,850k for a 5 bed / 7 bath home. The median […]
Successful people know having the most current information is key to making wise decisions. This is especially important, and especially difficult, in a hyper local real estate market such as the Beach Cities. Hyper local means we have very few sales to work with on a daily basis, which is the most current data we […]
For the most recent three month period, house sales in Redondo Beach, south of Torrance Blvd, and west of Pacific Coast Highway totaled 21 units. The lowest sale price for $850k for a 3 bed / 1 bath home, while the highest sale was $2,610k for a 5 bed / 5 bath home. The median […]