There were only 7 homes on this first Palos Verdes real estate Broker's Tour for 2009. We currently have 224 active single family homes for sale in Palos Verdes ranging in price from $699,000 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $599,000). There are 53 townhomes/condos for sale priced between $269,900 and $2,000,000. My favorites were: Larissa...
Conforming interest rates are the lowest they have been in 4 years! And there has been much talk on both the network news and in print of the Federal Reserve lowering the rate to zero percent. Now, don't get too excited - this does not mean that you and I can get loans for zero percent. This Fed Rate is the rate that banks charge each other. This appears to be in step with the Federal Reserve's...
After hearing from an agent in Northern California that their appraisal guidelines had been changed, I called Robert Riede from the Appraisal Connection (310-768-8700) to get the latest on our appraisals here for Palos Verdes real estate. Robert confirmed that lenders had really tightened their guidelines for appraisals with most lenders requiring at least 2 comps from the last 90 days. Some...
Today, there were 15 homes on the Palos Verdes Real Estate Broker's Tour. We currently have 242 active single family homes for sale in Palos Verdes ranging in price from $709,000 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $599,00). There are 67 townhomes/condos for sale priced between $269,000 and $2,000,000. My favorites were: Rick and Kitty Edler's 4124...
As reported by Bloomberg, the Federal Reserve bought $5 billion of Fannie Mae, Freddie Mac and Federal Home Loan Bank corporate debt under a new program aimed at reducing mortgage costs. Fed Chairman Bernanke finds it "encouraging" that his plan announced last week has already spurred a drop in loan rates. Treasury Secretary Paulson is considering using purchases of home loan securities to force...
Yesterday, there were 11 homes on the Palos Verdes Real Estate Broker's Tour. We currently have 258 active single family homes for sale in Palos Verdes ranging in price from $749,000 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $619,000). There are 69 townhomes/condos for sale priced between $249,900 and $2,000,000. My favorites were: Lisa Hawk's 43 Misty Acres,...
Today, there were 16 homes on the Palos Verdes Real Estate Broker's Tour. We currently have 263 active single family homes for sale in Palos Verdes ranging in price from $749,000 (see below) to $18,900,000 in Rolling Hills (the low in Eastview is $479,000). There are 63 townhomes/condos for sale priced between $265,900 and $2,000,000. My favorites today are: Raju Chhabria's 5 Sagebrush Lane,...
Today, there were 19 homes on the Palos Verdes Real Estate Broker's Tour. We currently have 274 active single family homes for sale in Palos Verdes ranging in price from $785,000 in Rancho Palos Verdes ($479,000 in Eastview) to $18,900,000 in Rolling Hills. There are 64 townhomes/condos for sale priced between $259,000 and $2,000,00. My favorites today are: Rick Edler's 1200 Via Landeta,...
The big news yesterday was that home resales nationally rose more than forecast in September. Sales of existing units rose 5.5% in September to the highest level in a year. Inventory of homes for sale fell 1.6% in September which was the second month in a row to show a decline. The biggest sales gain was in the West, where sales increased 16.8%. What does this mean for owners of Palos Verdes real...
Today, there 21 homes on the Palos Verdes Real Estate Broker's Tour. We currently have 282 active single family homes for sale in Palos Verdes ranging in price from $785,000 in Rancho Palos Verdes ($619,000 in Eastview) to $18,900,000 in Rolling Hills. There are 64 townhomes/condos for sale priced between $270,000 and $2,000,000. My favorites today are: Cora Fischer's 1605 Via Barcelona,...