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Today I am going to touch on the topic of interest rates, the Federal Reserve (Fed) balance sheet normalization, and how it is affecting real estate today and in the future. Below I will share my exploration of charts from the Fed and a breakdown of what exactly is influencing interest rates. I am not an economist or financial advisor; I am a real estate investor and local broker studying complex economic topics and how they will impact our local South Bay market. My hope is to shed some light on a topic that will help my readers, clients, friends, family, and anyone interested in real estate.   Fed Normalization Before I dive in, I wanted to
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With the Fourth of July holiday this week, the real estate market has taken a short pause. I wanted to take this time to share a few quick notes on local happenings throughout The Hill and Beach Cities that could impact the surrounding real estate market.   Palos Verdes Peninsula/Rolling Hills The famed Hacienda de la Paz at 1 Buggy Whip Drive in Rolling Hills is finally going to auction. After five years of being on and off the market, it looks like the Seller is going to let market forces determine the value. Originally asking $53,000,000 in 2013, the 7.4 acre Spanish estate is currently on the MLS asking $40,000,000. Per the MLS and auction
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Oftentimes you’ll hear people around the South Bay say, “Beach real estate never goes down…it’s the safest investment around.” Is that actually true? U.S. bonds offered by the U.S. Treasury are more generally considered the safest investment in the world and they are oftentimes considered “riskless” investments. In this blog post, I want to share what the local market thinks about the best income properties, and if premier South Bay real estate is considered the safest investment by investors. U.S. Treasuries Since 1776, the U.S. Treasury has never failed to pay back its lenders. When you purchase a U.S. bond, it is backed by the “full faith and credit” of the U.S. government. This is an
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What is a Transaction Coordinator? Hi All! I am taking over Richard’s South Bay Real Estate Blog for the week. For those who don’t know me, I am the behind the scenes gal that you don’t see much, but I am always busy doing something at Manhattan Pacific Realty. I am Richard’s Transaction Coordinator. What is a Transaction Coordinator (TC) you might ask? A Transaction Coordinator is a real estate professional who manages all the disclosures, paperwork, and deadlines involved in a real estate transaction. They are trained in the selling and buying process, and track the progress of a transaction from the opening of escrow until closing. Why is a Transaction Coordinator Important to You?
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Interest Rates Rising The stock market has been crazy this week and a large part of it has to do with the interest rates rising significantly. A lot of experts watch the 10-Year U.S. Treasury note where rates have jumped from 2.46% to 2.84% in the first 30 days of the year. That is a massive jump for a somewhat stable security and as a result has some people worried. Now, the 10-Year U.S. Treasury does NOT directly affect mortgage rates contrary to popular belief (my first job out of college was a mortgage broker so I studied this in depth), but the 10-Year is used as a hedge for mortgage investors. Banks and originators of
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Last week I was fortunate enough to chat with TheStreet.com and LA.Curbed.com, two influential financial and real estate websites, on the trends shaping the real estate market. In case you missed the published articles where I earned a quote or two, I thought I would recap the information and share my thoughts on each article. 5 Trends Shaping the 2018 Real Estate Market, The Street.com by Brian O’Connell Rates rising, but not a big problem for buyers…yet This was the topic my interview covered. For my readers, you have been well educated on my thoughts of where interest rates will go this year (South Bay Real Estate: 2018 Fearless Predictions) and why (South Bay Real Estate
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About a year ago I introduced the first annual Fearless Predictions for South Bay Real Estate. The inaugural blog was not only fun to write but challenged me to conduct deep research that would hopefully benefit my clients throughout the year. I am proud to say as I recap the results of the early year predictions, many of the forecasts were correct. Below is a recap of each prediction with data and how the market performed. Prediction Recap: Mortgage Rates Will Barely Rise Prediction: The Fed has full control over where home loan interest rates go, and my bet is there is no way they let them rise significantly as a strong housing market is key to
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As real estate in the South Bay quiets down for the holidays, I wanted to share some helpful tips to prepare you for the new year and spring selling season. There is a ton of specific, local information on every South Bay city that all buyers and sellers in the area should be aware of. In case you didn’t notice, we have updated sections of our website that include detailed neighborhood write-ups starting with Manhattan Beach, Hermosa Beach, and Redondo Beach. Palos Verdes will be up soon.  My hope is you learn something new or can refer to this when you are looking to buy or sell in a specific area. Rolling Hills If you are
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Los Angeles County Assessor The Los Angeles County Assessor published its annual report recently as its fiscal year runs from July 1st to June 30th. Not to be confused with the L.A. County Tax Collector (which collects your taxes), the Assessor’s office is in charge of assessing the value of taxable property in the county. This includes value of real estate parcels, business personal property, boats and aircraft per the report. The assessor has valuable real estate information on all 88 cities within the county along with all of the unincorporated areas of Los Angeles County which amounts to $1.416 trillion in taxable property. This year, two South Bay cities made the top 10 in cities
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I have been getting a lot of calls and texts from friends and clients about the new tax reform and how it will affect our real estate market here in the South Bay. So, I am going to blog about the topic and hopefully answer some questions. Tax Cuts and Jobs Act First and foremost, this tax reform is a PROPOSAL known as the “Tax Cuts and Jobs Act.” The proposal has barely been marked-up, the Senate is writing up its own plan, the Democrats will make amendments, and just recently there has been talk of including the repeal of the Affordable Care Act’s individual mandate in the tax bill. The proposal then has to be
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