by ILGM Ninjas | Jan 16, 2014 | Real Estate Market Update
If you’re interested in seeing the general trend in prices, here’s the latest from DQ News, comparing prices from October 2013 to October 2012 in the South Bay: Average Sales Price City October 2013 ...
by ILGM Ninjas | Jan 13, 2014 | Lending, Real Estate Market Update
Qualified Mortgage (QM) standards kicked in as of January 10, 2014. Under the Dodd Frank Reform Act, lenders will need to meet more stringent guidelines in order to fall under the QM safe harbor, be protected from liability. Otherwise, they may be held liable for...
by ILGM Ninjas | Sep 19, 2013 | Buyers, Home Sales Stats, Real Estate Market Update, Redondo Beach, Redondo Beach Home Sales
North Redondo Homes Sales August 2013 Seventeen homes sold in August 2013 in Area 151 in North Redondo. This is 2 less than the number of homes sold in July, and 4 homes less than sold one year ago in August 2012. In most cases, it has continued to be a sellers’...
by ILGM Ninjas | Jul 24, 2013 | Buyers, Negotiations, Real Estate Advice, Real Estate Market Update
Typically when Realtors talk about “chasing the market”, we are referring to a seller who has priced his home to high. The property sits on the market for some time without offers, and then the seller decides to reduce the price. This new price may have...
by ILGM Ninjas | Jul 20, 2013 | Foreclosures, Real Estate Market Update
The Obama administration has extended the Making Home Affordable Program until December 2015 in an effort to still help homeowners who are in danger of losing their homes to foreclosure. This also includes the Home Affordable Modification Program (HAMP) and Home...
by ILGM Ninjas | Jun 15, 2013 | Hermosa Beach, Manhattan Beach, Real Estate Market Update, Redondo Beach, Sales Stats
Here are some recent facts pertaining to the real estate market: 1. In May, 40% of Americans said it was a good time to sell a home, up from 30% in April and 16% a year before, according to a survey from mortgage giant Fannie Mae. 2. U.S. home prices jumped 12.1% in...