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If you can believe it, 2021 is in the rear-view mirror. But, my blog is not ready to ditch 2021 just yet! We have Q4 numbers to cover. The latest numbers are a big deal to keep a pulse on our South Bay real estate markets. My quarterly blogs from a year ago touched on how Q1 and Q2 numbers in 2021 would have “easy comps.” That was thanks to the Coronavirus impacting our markets in a big way at the start of 2020. The true test would be Q3 and Q4 of 2021. Q3 numbers were very exciting to cover because it was a comparison period with tougher comps. Of course, our South Bay markets
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Happy New Year! I would like to wish all of our South Bay readers a prosperous 2022. We are so excited to continue sharing free South Bay real estate information and are more inspired than ever for the start of the new year. This year, I am making it a point to produce at least two podcast episodes a month and a monthly email summarizing our top blog posts / podcasts for easier contact interaction. We hope to bring more upgrades to other areas of the business and thanks to everyone who keeps following along. Without further ado, let’s get to the annual “Fearless Predictions” for South Bay real estate. Market Recap & Past Predictions Our
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It is officially my final blog post of the year! With the week falling between Christmas and New Year’s Day, we find activity with both buyers and sellers is at its slowest this time of the year. The same goes for real estate news and data. That all will change quickly beginning next week with the conclusion of the 4th quarter. Next week, I will bring you my annual “Fearless Predictions” blog post followed by Q4 data the subsequent week to help you make the best buying and selling decisions in 2022. Today, I reflect on the past year and share how grateful I am both personally and professionally. Additionally, I will share “real estate resolutions”
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It is a short week with the Christmas holiday fast approaching! I am going to touch on two quick topics to keep your weekly South Bay real estate fix afloat. If you need more real estate talk while on holiday, be sure to check out the new episodes on my Podcast and YouTube channel. You can find them linked below: Podcast Channel: The Richard Haynes Real Estate Show Youtube Channel: Richard Haynes Real Estate The two topics this week are as follows: The National Association of Realtors (NAR) November 2021 Housing Report A Coming South Bay Land Listing with a Record Asking Price Let’s get right into it! N.A.R.’s November 2021 Report Yesterday, N.A.R. issued its press release
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A few weeks ago, the Federal Housing Finance Agency (FHFA) announced updated conforming loan limits for 2022. There was a time when conforming loan limits would not move at all from year to year. Today, not only does the FHFA want to keep up with inflation, but they also want to keep up with the actual housing market. Thanks to surging appreciation throughout the country’s real estate markets, the FHFA has once again bumped conforming loan limits significantly. New Loan Limits In 2019, high-balance conforming loan limits in the county of Los Angeles sat at $765,600. At the conclusion of 2020, those limits were bumped to $822,375 for 2021. I wrote about this last December to
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Longtime readers know that I write an annual “fearless predictions” blog post for the South Bay real estate market the first week of the new year. As always, I am planning to post my 2022 predictions the week of January 3rd. The predictions are a fun way to start the year and give readers ideas for how to approach their real estate goals. It is impossible to predict the future, but it is a blast to at least try. In the past, sometimes I have been horribly wrong, however, sometimes I have absolutely nailed it. I hope you can use the coming predictions to your benefit next month. This week’s blog is my annual post reviewing
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It is that time of year again! We are about to say so long to 2021 and begin the new year. What a wild 12 months, and really, a crazy 24 months for our local real estate markets thanks to the Coronavirus. The past two years I have written similar blog posts to the one this week. For reference, take a look at my 2020 and 2019 posts: 2020 Blog Post: “The Best (and Worst) Performing South Bay Home Markets of 2020” 2019 Blog Post: “The Best (and Worst) Performing South Bay Real Estate Markets of the Decade” This week I will cover the top five best performing markets, and of course, we will include the
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We hope everyone had a wonderful Thanksgiving holiday surrounded by family and friends! I know our team surely enjoys this holiday as it is one of the few times real estate agents can stop looking at their phone for a day (or even sometimes, a full four days). In honor of Black Friday, the past few years, I have written about homes or income properties that could be had at potentially amazing deals. There are also tips in those past posts on how to find deals yourself. Take a look at the past two years… November 2019 Blog: “Score a South Bay Real Estate ‘Black Friday’ Deal” November 2020 Blog: “Score a South Bay Income Property
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Three months ago, I penned a blog post exploring C.A.R.’s quarterly Housing Affordability Index number asserting it is one of the best predictors of future prices in our statewide real estate market. It has been a topic covered maybe yearly since the 2015 inception of this weekly South Bay real estate blog, but I believe it holds more weight due to the drastic drop in affordability this year. As a result, I have committed to covering it every quarter until there is some relief in affordability. Without sounding redundant for weekly readers, but also a key reference for new readers, please see last quarter’s post (Everyone should read it!) to freshen up on why the Housing
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My blog posts the past couple of months have covered the lack of inventory and fevered strength in our local South Bay housing market. Palos Verdes has been featured often because it is aligned with changing buyers’ habits thanks to the Coronavirus pandemic. Not to be forgotten, Manhattan Beach continues to have broad based market demand and increasing prices. One does not have to look far to see the surging prices in the South Bay’s most exclusive beach city. I can easily pull sales data in Manhattan Beach just over the last 10 days on the MLS (13 closings to be precise) and give examples to show off a market that is as hot as it
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