"Palos Verdes Resident since 1947"

Newsletters Category

May 2014 Newsletter

May, 2014 Dear Neighbor: Despite what you may have heard on the news, the local real estate market is still very active.  I have a very nice 4 bedroom 3 bath one level home coming up in Rolling Hills Estates in the $1,250,000 range, so call me if you know anyone who would like to see it before the rush. Some of the myths in real estate make “Elvis is in the building” look credible.  One holds that you should price your house...Continue Reading!

November, 2013 Newsletter

Palos Verdes Real Estate

Dear Neighbor: The real estate market in Palos Verdes (and the South Bay, for that matter) continues at about a 5 on a scale of 10 activity-wise.  It feels slow compared to last Spring, but those of us who have been around for decades have seen this movie before.  The interest rate rise of last June acted as a speed bump, slowing the market to a more normal pace. Whether you’re in the real estate market to buy or sell, or not,...Continue Reading!

September 2013 Newsletter

Dear Neighbor:  In my July newsletter I mentioned that interest rates had just gone up about 2% (which is huge – 4% to 6%) about a week before I wrote it.  They have now settled to just under 5% now (loans over $729,750 are somewhat higher), but the predictable effect has transpired:  whereas in April when the market was absolutely berserk, there were as few as 112 homes for sale on the Hill; there are now 168, give or take.  For...Continue Reading!

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!