"Palos Verdes Resident since 1947"

Real Estate General Info Category

September 2022 Newsletter

Dear Neighbor: As we head down the back side of the recent meteoric rise in real estate prices, you can still get in on it.  Even though there may not be the frenzy of the past 18 months, prices are still near their all-time highs.  But, based upon the historical pattern (and I’ve been thru a few of these), if you’re considering selling and want top dollar, you need to act quickly.  While I don’t claim to have a crystal ball,...Continue Reading!

July 2022 Newsletter

                                                                                                                                                   Dear Neighbor: As you know, if you read these letters regularly, I have been predicting the imminent end of the crazy, partially Covid-induced real estate market of the last 2 years.  The combination of a shortage of homes for sale due partially to concern over Covid, with the persistently low interest rates and, until about a year ago, booming economy, extended the normal real estate cycle beyond the normal 9-10 years, resulting in a run-up in prices to historic highs. ...Continue Reading!

May 2022 Newsletter

Out here in the trenches it’s fairly clear to me that the real estate market is slowly cooling off – rising prices and rising interest rates are having the predictable effect.  Whereas a couple of weeks ago there were only 40 properties for sale of all types and prices, today there are 72.  May not seem like many but, as I’ve observed before, these things always sneak up on you while the media reports, dealing with sales made 60-90 days...Continue Reading!

March 2022 Newsletter

Dear Neighbor: For reasons those of us out here in the trenches have a tough time understanding, the real estate market is still strong.  I know this sounds like a broken record (is that still a useful metaphor?).  You can say it’s because of a shortage of houses for sale, but that wouldn’t be the case if they weren’t selling the minute they hit the market, or before.  Clearly there are still, despite record high prices, more buyers out there than...Continue Reading!