Palos Verdes Real Estate

Palos Verdes Information Category

July, 2013, Newsletter

Dear Neighbor:  As I said in my March newsletter, “it’s just a matter of time (and not much time) before rates rise”.  Well, that time arrived last week as you probably heard on the news.  30-year fixed rates on loans over $730,000 have shot up to nearly 6% from around 4% a month ago.  Though it may look high, 6% is still low by historic standards (my parents loan on Pleasant Hill Drive was 6.25% in 1963), and it’s a pretty...Continue Reading!

May, 2013, Newsletter

Dear Neighbor:  Onward and upward!  Reasonably-priced homes continue to sell quickly, often with multiple offers.  Interest rates still have not moved upward, remaining at around 4%.  And lenders have begun making 95% loans again (5% down) – I think this is called amnesia.  One of the less-obvious issues we’re having these days is that of appraisals.  This is always a problem when the market is rising, as appraisers use closed sales (which, of course, are lower in a rising market) to determine...Continue Reading!

March 2013 Newsletter

Dear Neighbor:  The real estate market is still jumpin’, with interest rates remaining below 4% for all but the biggest loans or smallest down payments.  There is still very little for sale, and prices have certainly risen during the past 6 months or so.  The feeling on the street is that it’s just a matter of time (and not much time) before rates rise, so my theory (not exactly genius) is that everyone who has been thinking about buying and can,...Continue Reading!

Hilltop Circle — Sold in Two Days!

On the market as of January 8, 2013 is this lovely 1948 square foot 2 or 3 bedroom RPV townhouse.  Located in desirable Hilltop Circle, it features a sweeping view of the City, Mountains, and Bay, remodeled kitchen and baths, 2-car attached garage, high ceilings, new carpet, new paint, gated community with all amenities, and is priced to sell at $695,000.  So don't wait.  Call me if you're interested -- 310 613-1076. [nggallery id=22]Continue Reading!