Palos Verdes Real Estate

March 2020 Newsletter

Dear Neighbor: Out here in the real estate world, interest rates are still holding in the mid to high 3%’s for a 30-year fixed rate conventional loan.  You can get the high 2%’s for one that is fixed rate for 5 to 7 years, but it then goes to adjustable.  To me this doesn’t make sense unless you just can’t qualify at the 3.75% 30 year fixed.  Interest rates are so low these days and it makes sense to lock them...Continue Reading!

January 2020 Newsletter

Dear Neighbor: I can hear Barbara Walters now – “This is 2020”.  In honor of 2020, let me be the first to employ hindsight in looking at the rather interesting real estate market in 2019:  at the beginning of 2019 we were just minding our business when the market got extremely active – by March or so there was almost nothing for sale and what there was was often selling at aberrantly high prices.  This came upon us unexpectedly and, if you’re one of my recent customers,...Continue Reading!

November 2019 Newsletter

                                                                                                                                                         November, 2019 Dear Neighbor: Greetings from out here in the trenches.  Did you see the recent article in BusinessInsider.com on the Top 10 zip codes where the wealthiest millennials in the country live?  According to the article there are 618,000 millennial millionaires in the country and, as you might expect, the bulk of them live in Silicon Valley and the surrounding area, but it was #10 and #1 on the list that got my attention:  #10 was 90275, which...Continue Reading!

Newly Listed in Mira Verde

Sold!  I told you not to wait.  A coveted end unit Malaga model with ocean view priced to sell.  This unit has 2 bedrooms + a storage room/desperation 3rd bedroom, 2 full baths, full feature kitchen, family room, living room with a high ceiling, fireplace, and private patio.  The second bedroom and full bath are both on this entry level.  Off the 2-car private garage is the storage room/office, as well as a full width storage room under the unit. A...Continue Reading!