Palos Verdes Real Estate

Newsletters Category

July 2021 Newsletter

Dear Neighbor: To the amazement of many, me included, the real estate market continues to be red hot.  Demand exceeds supply, although it’s not clear to me that supply is any longer as constricted as it was during Covid.  Many people are deciding to sell now while the market is hot and prices are high, and retire to an area where the cost of living is lower.  As I’ve said before, I’ve seen markets similar to this in my 36 years...Continue Reading!

May 2021 Newsletter

May, 2021 Dear Neighbor: OK, the real estate market is, in a word, nuts right now.  It seems to have begun last Summer when the shortage of houses for sale, due partially to Covid, caused supply to fall far short of demand.  Other than the recent slight rise in interest rates (which always motivates buyers who think the interest rate train is pulling out of the station), I can’t honestly explain its perseverance.  I (and no one I know) could explain it...Continue Reading!

March 2021 Newsletter

Dear Neighbor: Out here in the real estate world we’re getting a small breather from the frenzied pace of 2020.  As I mentioned last time, that took us all by surprise.  When the reality of Covid hit in March, we all figured real estate was going to be on hold for the duration; but the opposite happened.  This was caused by the scarcity of homes for sale due to a) people just not wanting buyers carrying who knew what in their...Continue Reading!

January 2021 Newsletter

Dear Neighbor: Well 2020 is over, to the relief of most.  Any further mention of it is [ahem] hindsight.  As I’ve said before, amid all the craziness it turned out to be an unexpectedly good year for sellers of real estate, though few, including me, would have predicted it.  The shortage of houses for sale created at least partially by Covid, caused a frenzy among buyers who had to buy for whatever reason, including the sub-3% interest rates.  The election of last...Continue Reading!