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For this week’s blog post, I am going back to sharing some specific sub-market content before we head into analyzing the election results next week. Tucked into a small cul-de-sac between Palos Verdes Drive North and Silver Spur Road is a small street on the border of Palos Verdes Estates and Rolling Hills Estates named Rolling Meadows Road. There are a mere 29 homes with a Rolling Meadows Road address. In 2015 and 2016, there were five home sales that occurred on this one street representing a relatively large turnover that accounted for 17% of Rolling Meadows Road home inventory. For the next three years, 2017-2019, there was not one sale that occurred on this street.
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Since the start of the pandemic, I have been sharing details from the excellent reports provided by the California Association of Realtors (C.A.R.). Their data is very dependable, and it helps me see real estate with a little more breadth beyond just the South Bay. There were three recent reports released by C.A.R. in the past week that are worth sharing. September Home Sales and Price Report C.A.R. 2021 Forecast with Leslie Appleton-Young Coronavirus “Week 33” Notes/Data Although all real estate markets are local, I think it is worth taking some of the broader data into account when assessing our real estate market. September Homes Sales & Price Report The absolute biggest news from the C.A.R.
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On this week’s blog, I am going to break down the California propositions that will affect real estate here in the South Bay, and throughout the state. I will not give my opinion on which way I am voting, but I will try to give you a summary of Proposition 15, 19, and 21 so that you can decide for yourself. That said, if you are curious to know which way I am leaning, then you are more than welcome to DM or email me and I am happy to discuss. The California Association of Realtors (C.A.R.) gives their recommendations to our local associations on the newly upcoming propositions. You might be surprised that I have
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The 3rd quarter officially ended last week. We now have a large dataset to dig into to tell us how the South Bay real estate market is reacting to this wild and crazy 2020. If you have been a weekly blog reader throughout the year, then you know I have tried to shed light on the South Bay market’s performance in various ways via: First quarter data Month-over-month data Yearly month-over-month data Second quarter data All of these different datasets have had their place over certain times during the pandemic. Today, I am excited to share third quarter data because of the extra-large group of numbers we can compare to help smooth out discrepancies in seasonal
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Interest rates are a topic I normally write about semi-annually, but it has been 13 months since my last rates blog because, well…2020. Thank you all for being patient, I know I have been promising this topic for quite some time now. Over the years, I have found that trying to predict interest rates is a fool’s game. You can end up looking silly and believe me, I have looked very, very silly in the past. Wild Rate Swings In all seriousness, good luck trying to predict rates over the past few years. The movements have been so wild, and incredibly unpredictable. Below is just a glimpse of 30-year fixed mortgage rates over the last five
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