Palos Verdes Real Estate

Newsletters Category

July Newsletter

                                                                                                                                                                                                                                                                                                                                     July, 2019   Dear Neighbor: Well, I guess predictions that interest rates were on a long-term increase turned out not to be quite true.  Rates on purchase money loans for homes are now right around 3.875%, about .5% lower than they were a couple of months ago.  Wait long enough and they’ll be paying you to take the money. I’ve got 3 great listings coming up: 344 Via Almar, PVE is a 2642 square foot 4 bedroom 3 bath house in lower Malaga...Continue Reading!

May 2019 Newsletter

                                                                                                                                                                  May, 2019 Dear Neighbor: Palos Verdes (and surrounding area) real estate prices continue on a slow, barely perceptible downward trend.  The data and news in the press are all over the place (the parameters are often set to fit the story), but that’s the big picture.  One reason the trend is so slow is that there continues to be a shortage of houses for sale, which is supporting the prices.  Interest rates hover generally the low 4%’s, though you can beat...Continue Reading!

March 2019 Newsletter

                                                                                                                                                                  March, 2019 Dear Neighbor: The word is out!  Did you see USA Today Online where Palos Verdes Estates was ranked the best city in California in which to live?  Not one of the top 10, or top 5, but the best.  Housing prices are currently on a very slow downward trend.  There is still a shortage of homes for sale, which is working against an otherwise more rapid decline.  Remember the “no doc” loans of the early 2000’s, where the lender just...Continue Reading!

January 2019 Newsletter

Dear Neighbor: I think it would be hard to make the case that real estate prices in Palos Verdes have increased during the past year.  Of course there are all kinds of claims and statistics out there, but observing from out here where the rubber meets the road, prices look flat for 2018; however, they are still at or near their all-time highs.  There isn’t space to get into it here, but I’m sure you understand that in an area of...Continue Reading!