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LA South Bay Market Forecast -December 2010

LA South Bay Market Forecast -December 2010

Posted on24. Dec, 2010 by .

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Summary of November's Data LA South Bay Home Affordability increased again in November to the highest level for the current up market surpassing the previous high obtained last month and January 2009. This was due mainly to a  drop in the LA South Bay median home price even though interest rates were higher for the [...]

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LA South Bay Market Forecast – Nov. 2010

LA South Bay Market Forecast – Nov. 2010

Posted on25. Nov, 2010 by .

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Summary of October's Data LA South Bay Home affordability increased to the highest level for the current up market surpassing the previous high obtained in January 2009. This was due mainly to a large drop in the LA South Bay median home price. The median price fell 9.1% from the previous months price. The rather [...]

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LA South Bay Forecast – July 2010

LA South Bay Forecast – July 2010

Posted on19. Jul, 2010 by .

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Summary of June’s Data June’s sold data has given us some conflicting data. On the positive side sales volume was the highest in four years. That was very refreshing news as sales volume has had a hard time pushing through the average of 502 units per month for quite some time. The Unsold Index remains [...]

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Which is more important; Average Price or Median Price?

Which is more important; Average Price or Median Price?

Posted on18. Jul, 2010 by .

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Median Home Prices vs. Average Home Prices What is more meaningful in analyzing home prices, Median Home Prices or Average Home Prices? The media relies very heavily on Median Prices, almost entirely, Average home prices are rarely mentioned. On the LA South Bay Real Estate blog we include both on the home price graph this [...]

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Mortgage Rates At All time Historical low

Mortgage Rates At All time Historical low

Posted on03. Jul, 2010 by .

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In a press release from today Freddie Mac Federal Home Loan Mortgage Corporation)released the results of its Primary Mortgage Market Survey® (PMMS®) in which “the 30-year fixed-rate mortgage (FRM) averaged 4.58 percent with an average 0.7 point for the week ending July 1, 2010, down from last week when it averaged 4.69 percent. Last year [...]

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Los Angeles South Bay Prices Up 28.1% from Jan. 2009

Los Angeles South Bay Prices Up 28.1% from Jan. 2009

Posted on30. Jun, 2010 by .

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LA South Bay Average Home Prices have sharply in increased since January 2009. As the chart below indicates, since January 2009 Average Home Prices have increased 28.1 % in the LA South Bay. Median home prices have also increased. The Average Home price was $532,358 in January 2009, for May 2010 the Average Home price [...]

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Market Forecast – May 2010

Market Forecast – May 2010

Posted on19. May, 2010 by .

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LA South Bay Real Estate Market Forecast May 19, 2010 Volume 7, issue 5 Summary of April’s Data The Federal Home-buyer rebate Incentive program ended at the end of April. The question that now remains on everyone’s mind is can the current up trend continue absent this additional assist. April’s sales volume came in slightly [...]

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What to Know About Homeowners Insurance for Condos

Posted on06. May, 2010 by .

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Buying homeowners insurance is always a strenuous process that can truly take its toll on new homebuyers by the time they are finished with the process. However, the fact that the process is frustrating aside, its absolutely crucial for you to make sure you take your time to get the best package possible for you [...]

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Market Forecast – April 2010

Market Forecast – April 2010

Posted on15. Apr, 2010 by .

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HTML clipboard LAsouthbayRealEstate.comBest viewed with Microsoft Internet Explorer View the Graphs and Indicators Summary of March’s Data A seasonal surge in sales volume that was hoped for after the seasonal low sales volume of December and January came into fruition. The increase in sales volume resulted in a drop in the Unsold Index even though [...]

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Market Forecast – February 2010

Market Forecast – February 2010

Posted on16. Feb, 2010 by .

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Best viewed with Microsoft Internet Explorer View the Graphs and Indicators Summary of January 2010 Data The sales volume in January was down to 348 units sold in the LA South Bay below its 502 average monthly value. This is mostly due to seasonsal effects in January and February as shown in the sales volume [...]

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