tag:blogger.com,1999:blog-13037130.post8270361376142308188..comments2024-03-28T12:28:25.633-07:00Comments on Manhattan Beach Real Estate-Redondo Beach Townhomes: Manhattan Beach: Market Snapshot June 15, 2009Kayehttp://www.blogger.com/profile/09003331406008950614noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-13037130.post-64315447644080197952009-06-23T17:25:14.490-07:002009-06-23T17:25:14.490-07:00Anon 12:28,
Reasonable is what fits your budget. ...Anon 12:28, <br />Reasonable is what fits your budget. I'm seeing buyers seriously looking at Hermosa, Redondo and El Segundo rather then MB as there are better deals for the money.Kayehttps://www.blogger.com/profile/09003331406008950614noreply@blogger.comtag:blogger.com,1999:blog-13037130.post-6298526836247235892009-06-23T12:28:49.387-07:002009-06-23T12:28:49.387-07:00Thank you for your comments.
Entry-level invento...Thank you for your comments. <br /><br />Entry-level inventory out there has all but disappeared. These are not exactly great homes nor in the nicest neighborhoods so I am a little puzzled by the frenzy.<br /><br />I agree there is a huge pool of potential buyers who have been waiting for reasonable prices. I think most are probably financially responsible and have been waiting for a very long time. <br /><br />I guess I just have a different view of what "reasonable" is.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13037130.post-79753889033769628942009-06-20T08:48:45.483-07:002009-06-20T08:48:45.483-07:00Anon 8:11,
You are right entry level homes are mo...Anon 8:11, <br />You are right entry level homes are moving quickly... However this has been happening very quietly for the last few months. <br /><br />It has become more apparent because there are not many new listings hitting the market in the lower price ranges...so inventory is not as plentiful as it was early in the year. <br /><br />I believe the drop in rates a few months ago is the main reason buyers decided to jump back in the market in the Spring. The recent spike in rates has pushed a number of buyers to get more serious about finding a home.<br /><br />Buyers who have been waiting for the last 2-3 years are not interested in any exotic loans. They want a plain vanilla 30 year low interest rate mortgage. The ups and down of the market in the last few years have finally brought home to consumers the importance of a loan with a stable interest rate. <br /><br />Also many buyers at the entry level find prices have reached a point they consider to be reasonable. When you factor in lower rates payments are close to rental numbers. <br /><br /> They realize that the market may continue to decline but they don't think it will be a huge decline. Most that I talk with seem to feel that the entry level has come close to the bottom. They believe that a rise in rates is more of a deterrent then the possible smaller declines in value.Kayehttps://www.blogger.com/profile/09003331406008950614noreply@blogger.comtag:blogger.com,1999:blog-13037130.post-81311310442918946902009-06-20T08:11:50.179-07:002009-06-20T08:11:50.179-07:00Hi Kaye,
I have noticed that in the past two weeks...Hi Kaye,<br />I have noticed that in the past two weeks nearly EVERY lower-priced livable house in the neighborhoods I follow seems to have gone pending. (I mainly follow El Segundo, Westchester, and the Bixby Knolls/Cal Heights area of Long Beach plus some others) Have you also noticed this increase in activity in the lower (sub 650 or so) range? Or is it just my imagination?? My thinking is that potential buyers on the sidelines were spooked by the uptick in rates and decided to stop waiting to buy. Do you have any thoughts on this?<br />As always thank you.Anonymousnoreply@blogger.com