Archive for January, 2010
Well, it’s back to work for me. I took the weekend off for my daughter’s wedding. It was the perfect day all around. The weather was a sunny 75 degrees, perfect for a garden wedding. The bride and groom so happy and joyful - it was contagious. There were so many family and friends to share in our joy. It was a perfect day.
We will see a “Thaw” soon?
Closed Published March 30th, 2009 in Hollywood Riviera Real Estate, Real Estate Information, South Bay information, Hollywood Riviera, real estate trends, Redondo Beach Real Estate, mortgage interest. by kellyevans
Will the market here “thaw” soon? Someone needs to tell those buyers out there that the bottom is here - we are so close if not there now. Here in the Hollywood Rivera we are seeing the hit now - part of the problem for the beach city areas close to the beach is the lack of “jumbo financing.” In our more expensive neighborhoods if there is no jumbo financing there are no deals….and this is what’s happening right now. We are in a “freeze” currently here - 42 homes for sale and only 5 in escrow is one of the worst ratios we’ve seen in a long time. Well, it’s almost time for the “thaw” because jumbo money is going to start coming into play again. Major banks are heading into the jumbo segment, originating big loans at affordable rates. Bank of America, the country’s largest mortgage lender is rolling out a large program to finance loans between $730,000 and$1.5 million with fixed 30-year rates starting in the 5% range. These loans will be available through their retail network starting April 27th. (LA Times March 22, 2009)On another note - California’s housing re-sales are booming (LA Times March 28th, 2009) According to the California Association of Realtors, sales in the last 6 months are up 89% over the same time period last year. There is strong evidence that basic economics is addressing the housing meltdown in a direct manner which might set the stage for stability. This is good news overall for that “thaw” we are waiting for here. Note that this time last year we here in the Hollywood Riviera were still seeing generous market activity - especially when compared to what’s happening now - which is nothing.
It is important to be patient right now if you are a seller and think about how we are so very close to seeing the light at the end of the tunnel. As a buyer, you should be excited for these new loans to come upon us and an array of homes to choose from here in the lovely Hollywood Riviera.
Frankrijk zal in ieder geval de ‘mix’ rosé niet toelaten, ondanks de EU regelgeving. http://bit.ly/BtDwe
Nou ja, ‘echte’ rosé mag dan toch nog een extra labeltje hebben van de EU… http://bit.ly/gmRHK
Just posted on ActiveRain: billboards uck http://activerain.com/t/1007853
Twitter Updates for 2009-03-28
Closed Published March 28th, 2009 in Uncategorized, Redondo Beach, Clam chowder competition, Gareth McClain, Pier. by popelynne- Home inspections, home showings, writing offers, returning about one check for every short sale offer written, buyers are buying #
- @ realtors beware.. water turned on by the city…home vacant …BE THERE to be sure the laundry water was not left on or surprise! #
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