Palos Verdes Blog

June 18, 2021

Luxury home sales defy gravity — and the recession

Luxury home sales defy gravity — and the recession

What tier of home sales has seen the largest increase in demand so far this spring?

  • Mid-tier home sales. (40%, 48 Votes)
  • High-tier home sales. (34%, 41 Votes)
  • Each tier has seen an equal increase in demand. (20%, 24 Votes)
  • Low-tier home sales. (6%, 7 Votes ...
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June 16, 2021

Consumers expect home prices to continue rising in 2021

Consumers expect home prices to continue rising in 2021

With rapidly rising prices transpiring throughout the beginning of 2021, consumers overwhelmingly anticipate the trend to continue for the next year.

Consumer opinions and sentiments may not always be the most accurate assessments, as they mostly mirror past experiences. However, they are useful because they gauge how likely consumers are ...

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June 14, 2021

Home Prices In Palos Verdes Area Increased Recently: See How Much

PALOS VERDES, CA — The rise in home prices showed no signs of abating in early 2021 across most of the country.

Prices increased 2.50 percent from February to March in the Los Angeles-Long Beach-Glendale CA Metropolitan Division, according to the CoreLogic Case-Shiller Index, one of the leading ...

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June 11, 2021

How California landlords may deal with unauthorized pets

How California landlords may deal with unauthorized pets

Although California law allows landlords to enforce a specific pet policy in rental properties, it is not uncommon for tenants to attempt to sneak in unauthorized pets. With the recent spike in pet ownership during the COVID-19 pandemic, unauthorized pets may become an even more frequent issue for property owners ...

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June 9, 2021

Luxury home sales defy gravity — and the recession

Luxury home sales defy gravity — and the recession

What tier of home sales has seen the largest increase in demand so far this spring?

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View Results

The housing market continues to surpass records in 2021, with ...

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June 7, 2021

National Market Update

 

NATIONAL MARKET UPDATE

 

 

Overall Construction Spending rose in April. But since some commercial sectors were down for the month, it was all due to the big increase in home building, up 1.0% over March, growing at a 12.0% annual rate.

A database reports for the ...

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June 2, 2021

Pricing crash or near miss? The factors different from the last recession

Pricing crash or near miss? The factors different from the last recession

Rapidly rising home prices are igniting fears of a home price bubble, reminiscent of the Great Recession. Are these fears founded?

Some forecast a markedly different real estate market than the one that occurred when prices peaked in 2006 and began plummeting in 2007, bottoming in 2009 during the Great ...

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May 31, 2021

A Brief History of Memorial Day

Many of us look forward to Memorial Day because it means a day off work or school and time spent sitting by the pool while enjoying a barbecue with friends and family. However, the historical reason for this holiday marks something much more important than a three-day weekend.

Currently, Memorial ...

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May 28, 2021

4 Key Questions About Mortgage Points

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When you buy a home, you tend to encounter a lot of financial jargon.

Whether you’re buying your first home, a move-up space or an investment property, there are countless new phrases that you might not recognize throughout your journey.

One of the most common may be mortgage (or discount ...

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May 26, 2021

REAL ESTATE Homebuyers are applying for ever bigger mortgages as home prices soar

KEY POINTS

  • Mortgage applications to purchase a home fell 4% last week from the previous week.
  • The average purchase application size hit $411,400 — the highest since February.
  • The average rate for 30-year fixed-rate mortgages increased to 3.15% from 3.11%
  • A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York on April 18, 2021.A real estate agent stands in the ...
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