Hermosa Beach walk street
As the Spring home buying rush moves into summer, the market seems to be settling down a bit from the frenzy earlier in the year. Inventory is up slightly but still at lower levels than last year at this time. Interest rates are at an all time low with conforming loans ( $729,750-) under 5% for a 30 year fixed rate loan. .. doesn't get better then that! Appraisals are coming in a market more often then they did last year as everyone adjusts to new laws and requirements. Prices seem to be on the flat side although slightly higher then last year for entry level properties in all the South Bay-Beach Cities.