New Spanish Style Listing
Our newest listing, 1818 E 8th Street in Long Beach, will be open Saturday, November 19th from 1 p.m. to 4 p.m. Situated between the Rose Park and East Village areas, this charming Spanish style home is about a mile to the beach and convenient to the shops and restaurants of 4th Street Retro Row. With fresh paint inside and out, beautiful new landscaping, and a remodeled kitchen with quartz counters and crisp white cabinets, it is move-in ready. It’s loaded with vintage details like coved tray ceilings, a fabulous arch between the living and dining rooms, and a light and bright octagonal breakfast room with built-in cabinets. And it’s priced at just $419,000. See more details and photos by clicking here.
845 Obispo in the Rose Park neighborhood, has been reduced to $524,900. This turn-of-the century home has a lovely traditional front porch, a spacious living room with beamed ceilings and a large, shaded and tranquil back yard. This home is ready for a new owner to restore it and make it their own. You might want to consider 203K financing to fund future improvements. See all the details for 845 Obispo by clicking here.
4113 E 10th Street
4113 E. 10th Street also has a new price. At $318,000, this townhome style 2 bedroom / 2 bathroom condo has hardwood floors, an upgraded kitchen, in-unit laundry, a balcony, two parking spaces plus extra storage. Situted in a small, secure complex near Recreation Park, it’s move-in ready. See all the details for 4113 E. 10th Street by clicking here.
As you may be aware, interest rates went up significantly following the election. In the long haul, what do election results mean for the real estate market and interest rates? It’s hard to say exactly. President-elect Donald Trump started his career in real estate but had little to say during the campaign about housing. If he creates more jobs and better wages, that could help drive household formation and homeownership. Changes could also occur as the Republican party pursues a number of financial reforms that could impact home buyers, including changes to Freddie Mac and Fannie Mae as well as the Dodd-Frank Wall Street Reform and Consumer Protection Act, both of which were put in place in the wake of the housing bust that plunged the nation into a recession.
The biggest challenge facing the housing market right now is a significant lack of inventory. If interest rates continued to go up, that could impact demand, which could in turn have an impact on sales and ultimately prices. But right now interest rates are still very low from a historical standpoint — just not as low as they were prior to the election.