homebuyers

The Impact of Rising Interest Rates on Housing Demand

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Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released the results of their quarterly Real Estate Sentiment Index (RESI), in which they surveyed title and real estate agents across the country …

Long Beach Area Spring Real Estate Market Update

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Nationally, the three most prominent residential real estate market trends are the ongoing lack of inventory, the steadily upward movement of home prices and year-over-year declines in home sales. Those trends are for the most part true in Long Beach as well. The inventory of houses for sale in Long Beach for the past 12 month is 1.8% below the prior year, …

housing bubble

Are We In A Housing Bubble?

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3 Reasons To Believe We’re Not In A Housing Bubble With housing prices appreciating at levels that far exceed historical norms, some are fearful that the market is heading for another housing bubble. To alleviate that fear, we just need to look back at the reasons that caused the bubble ten years ago. Last decade, demand for housing was artificially …

March Real Estate Market Update

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The start of the year ushered in a wave of good news about a hot stock market, higher wages and an active home sales environment. At the same time, housing prices have continued to rise, and the low inventory situation and affordability crunch has been particularly hard on first-time buyers struggling to get into the market. Nevertheless, buyer activity is …

Long Beach Market Update – March 2016

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Long Beach, CA Real Estate Statistics and Information Single Family Homes in Long Beach The median price of homes in Long Beach has increased substantially over the past three years. The rise has been slow and steady, reaching a peak of $567,000 in June 2015. In February 2016, the median price of homes in Long Beach was $555,500, which reflects …

Seasonality in Real Estate: How Weather and the Time of Year Affect Housing

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Thinking of buying or selling? Pay attention to the weather and time of year first. Understanding how weather and the time of year affect housing will help you make your best decision Weather and the time of year have a big impact on housing activity, and in every housing market there are times of the year when fewer homes sell. For …

90806 Market Update

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90806 Market Update: Real Estate Statistics and Information for the 90806 Areas of Long Beach, CA Includes Real Estate Information for Wrigley and Surrounding Area of 90806 The median price of homes in 90806 is the highest it has been in several years. In January 2016 the median price was $459,500. This reflects a 28.3% increase from January 2015. The number …

90807 Market Update

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90807 Market Update: Real Estate Statistics and Information for the 90807 Areas of Long Beach, CA Including the Neighborhoods of California Heights, Bixby Knolls, Bixby Terrace, and Virginia Country Club Home prices in 90807 have been very volatile over the past several years, peaking in November 2015 at $692,000 and then declining for the past two months. In January 2016, the …

90804 Market Update

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90804 Market Update: Real Estate Statistics and Information for the 90804 Areas of Long Beach, CA Including the neighborhoods of Rose Park and Traffic Circle Area With the exception of a peak of $575,000 in August 2015, home prices in 90804 are higher than they’ve been for several years. In January 2016, the median price of homes was $532,000, which …

90808 Market Update

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90808 Market Update: Real Estate Statistics and Information for the 90808 Areas of Long Beach, CA Including the Neighborhoods of Carson Park, Plaza, Lakewood Village, and Old Lakewood City Home prices in 90808 have steadily increased in recent years.  The median home price in 90808 peaked in September at $605,000 and has since decreased slightly to $595,000. However, that’s still …