Los Angeles County, CA Real Estate News

By Lisa Delzompo 951-704-4559, Experienced, Trusted, & On Your Mission: Home
(Sand to Sea Properties, Inc.)
Renting out a house with a mortgage0:00 - Intro 9 things to consider to rent out a home 0:12 - Timing of mortgage payment and tenant coming in later 0:54 - the Tenant's security deposit 1:37 - Prepare to rent; do you stage? 2:40 - Getting the rental seen by potential tenants 3:22 - How to get a potential renter to apply - don't negotiate until they've applied! 4:55 - Qualifying then tenant, both credit and background 5:40 - Negotiating terms of the lease 6:51 - Giving all required disclosures 7:11 - Tenant's duty to return the home in the same condition except for normal wear and tear 7:24 - Have a plan for emergency repairs and also regular repairs Questions? Feel free to reach out! Thank you, Lisa Delzompo Assoc Broker Sand to Sea Properties, Inc. CA DRE #s 01379811, 01799041 (951)704...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Today, we have IHS Markit PMI releasing their 2 reports, Manufacturing and Services.  The Services sector dropped down to 59.7; however, the Manufacturing sector rose to 63.1 in July.  Stocks continue their upward trend, based on Q2 Corporate Earnings Reports and keeping an eye toward next week's schedule of events (Q2 Earnings Reports for much of the High Tech Companies and FOMC).  MBS started the morning much lower, which Lenders whom release their ratesheets earlier on may have priced for the worse; however, MBS is Up 6bps.  So, Mortgage Rates should be priced now to the same pricing we found after yesterday's close.  Meanwhile, Yields are sticking around the 1.29%.Please subscribe to my YouTube Channel at MikesDailyMarketRptAlso, these videos are ...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The Initial Jobless Claims spiked last week to 419k (breaking back above the 400k level).  The good news is the Continued Claims dropped slightly.  NAR reported that Existing Home Sales increased from 5.78 million annualized units in May to 5.86 million in June.  Lastly, the Leading Indicators shows a 0.7% improvement for the month of June.  Stocks continue to rise today on continued strong Q2 Corporate Earnings releases.  MBS and Yields got a boost from the ECB's announcement today, which was very dovish and Bond friendly.  MBS is Up 19bps, which brings us back to same levels on Monday/Tuesday; whereas, Mortgage Rates improved back to those same levels.  Yields slid down to 1.26%, which is still a little higher than Monday/Tuesday levels.Please subsc...
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By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
Breakwater Village Redondo Beach UpdateBreakwater Village Redondo Beach 55+ community is the popular and sought after resort like community designed for active, over 55 seniors. Built in a couple of phases, starting in 2007, this beautiful community offers everything active seniors look for - great Redondo Beach location (only 3 miles to the beach), close to dining, shopping (walk to the Galleria mall), healthcare facilities and wonderful onsite amenities such as pool, clubhouse with fitness room, movie room, kitchen and plenty of room to enjoy your friends and neighbors. Breakwater Village condos have been selling quickly.  As of today, only one unit is listed for sale - it's a 1 bd 1 bath condo listed at $525,000. Call Krystyna at (310)918-5027 for details and showings.Breakwater Vill...
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By Tony Lewis, Summit Real Estate Santa Clarita & Aliso Viejo
(RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident)
A Realtor works for Free right up to the time there is a successful closing of the sale of the home.  Time, knowledge, training, laws, property and community information as well as calls, text, emails are all exchanged with their clients for free. Many professional Realtors feel that the best solution is a Buyers Broker Agreement that requires a client to work with them for the length of the binding agreement.  There is a reason that I have never used this agreement in my thirty-five-year career.  The reason is that I put myself in the client's shoes.  Let's say I moving to New York City form Los Angeles, California.  I have no clue as to the best neighborhoods, schools, safety, future investment and I find a Realtor to represent me on a purchase.  Let's say that I do sign a Buyer Broke...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  There are no economic data to report today.  Stocks are continuing upward trend on more good Q2 Earnings Reports.  The ECB announced a bit of a dovish signal on their stance with inflation, which sounds similar to that of our Fed's current stance.  This set a tone for the Bond/Treasury Market.  MBS is currently Down 19bps, as Mortgage Rates worsen a bit today.  Yields jumped Up to 1.29%.Please subscribe to my YouTube Channel at MikesDailyMarketRptAlso, these videos are base on my views and not represented by any other entity, but my own.  I work as a Loan Officer, and if you'd like information on Mortgages, or how I can assist you, then please direct message me. 
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Housing Starts increased from (lower revision) of 1.546 million annualized units in May to 1.643 million, or up 6.3%, in June.  However, Building Permits declined by 5.1%, from 1.683 million annualized units in May to 1.598 million in June.  These, of course, are future Housing Starts.  We have seen a little bit of a pullback in Home Builders sentiment recently, so this isn't too surprising.  Stocks are rebounding after yesterday's big selloff.  Investors are buying back in, as sentiment is Monday's actions were a bit overblown.  MBS are off it's earlier highs, which better pricing was very short-lived.  Mortgage Rates are currently Unchanged from yesterday's close.  We're also seeing signs of a possible trend reversal, as candlesticks show some uncer...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The NAHB Home Builder Sentiment dropped one point to 80 for June.  This index gauges the confidence with Home Builders.  This week will mostly be about housing data.  Stocks are WAY Down today (comparable to last October).  Investors are concerned that the Markets may have Peaked and the rising Delta variant cases globally.  Along with that, Investors are watching tensions rise between the US and China.  MBS Is Up 31bps, as Mortgage Rates improve from Friday's close.  Yields plunged all the way down to just under 1.19%.Please subscribe to my YouTube Channel at MikesDailyMarketRptAlso, these videos are base on my views and not represented by any other entity, but my own.  I work as a Loan Officer, and if you'd like information on Mortgages, or how I ca...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
In July 2021, Realtor.com reported that in La Canada Flintridge, California median list price was $1,949,000 in June of 2021 down from $2,070,000 in May of 2021, and fell 10.0% from $2,144,000 in June of 2020. While, median sales price for a home and a condo was $2,100,000 in June of 2021, jumped 12.0% from June of 2020 in La Canada Flintridge, California.Houses stayed 48.00 days in the market in June of 2021 unchanged from 48.00 days in May of 2021, but lower from 62.00 days in June of 2020 in La Canada Flintridge, California.The median listing price per square foot of a home and a condo was $754.00 in June of 2021 gained from $734.00 in May of 2021, and rose 7.0% from $698.00 in June of 2010 in La Canada Flintridge, California according to Realtor.For complete more detailed informatio...
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By Lisa Delzompo 951-704-4559, Experienced, Trusted, & On Your Mission: Home
(Sand to Sea Properties, Inc.)
Palos Verdes View Point - Alternative! View of Homes up the Hill on the Palos Verdes PeninsulaYou may know we moved our mom over to Rancho Palos Verdes - she wanted to go! So today's walk of the dogs took us around a loop to the corner of Beachview Dr and Seahill Dr. This video shows the lovely views and also is a chance to talk about how some homes here have lots of open space around them, and others are more master-planned with uniformity of home facades. Then the view from Terranea Resort east, and last to the ocean! You might want to check out my video on the Pros and Cons of living on the Palos Verdes Peninsula.Questions? Lisa DelzompoSand to Sea Properties, Inc.CA DRE #s 01799041, 01379811(951)704-4559lisa@sand2sea.us
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
A Beverly  Hills International Realtor in action: check it out!The international buyer and seller is highly active in Beverly Hills and the surrounding vicinity;  a successful realtor knows that it is important  to reach out to them and work with them.As an example,  I am currently in escrow with a seller who lives in London, one who is in Italy, and one  who lives in  Budapest, Hungary. Next week, I am closing on an escrow with a  buyer who lives in Canada. Last week, I was negotiating a property where the buyer is from Taiwan. Needless to say,  these are all vacant lots spanning the greater Los Angeles area.My best advice to potential buyers and sellers who do not live in the U.S. is that they find a seasoned Realtor who understands their wants and needs and can guide them to a succes...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On July 16, 2021, California Association of Realtors (C.A.R) reported that there were 41 homes sold in June of 2021, jumped 57.7% from June of 2020, and medium existing home price was $1,08 Million in June of 2021, gained 8.0% from June of 2020 in Burbank, California.There were 42 active listing homes in June of 2021, declined 10.6% from June of 2020; while home stayed 11 median days on the market in Burbank, California.For complete more information about the California Association of Realtors’ June of 2021 Burbank, California homes sales and value report, please click HERE
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The Philly Fed dropped from 30.7 in June to 21.9 in July.  This is still a great number; however, the size of the drop is a bit alarming.  Jobless Claims continue to improve, as 360k applied for first time benefits last week.  This is a new low, not seen since last March.  Also, we're seeing improvement with Continued Claims, as more people are going back to work.  The Empire State Index rose to an all time high in July, as it jumped from 17.4 in June to 43.0 in July.  Lastly, Industrial Productions came in below estimates (0.6%) in June at 0.4%.  We're still receiving Q2 Earnings Reports, but they're not having as big of an impact today with stocks, as Fed Chair Powell's 2nd day of testimony (this time with the Senate Banking Committee).  Stocks are ...
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By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
Rancho Palos Verdes Real Estate Report for 2nd Qtr '21Total of 129 single family homes were sold in Rancho Palos Verdes in last quarter. Average sold price was $2,122,288; average list price for sold homes was $2, 057, 952; average DOM (days on market) was 20 days; average price per sq ft was $771.This data shows that Rancho Palos Verdes is a strong sellers’ market – it took on average only 20 days to sell a house; average sold price was higher than a list price. Low inventory, low interest rates contributed to the current real estate market situation, where listings attract multiple offers, pushing prices up.Below is the full Rancho Palos Verdes real estate report (single family homes only, all data based on CRMLS). Use this link to view recent (last 3 months) home sales as well as cur...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Almost Wordless Wednesday Post: will this qualify for Rocky Dickerson  Challenge? Inquiring minds want to know:)) Either way it is intended to be a light fun dinner on a hot summer night and at the same time a fun post to write:))If you had to guess it is really easy to make, Persian Cucumbers,  Baby San Marzano Tomatoes, Fresh Avocado, baby  bell peppers, radishes diced, baby mozzarella cheese balls,  romaine lettuce  and some shredded Parmesan cheese sprinkled on top.Grilled lobster tails about two or three ounces not a lot of effort to make with a bit of soy sauce, a bit of lemon juice on top and grill 6-10 minutes and you are done. Easy summer dinner:)) Wishing you a safe Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable,...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Both the Producer Price Index headline number (PPI) and it's Core PPI (excludes food and energy) rose 1.0% MoM in June.  The Core PPI is now up to 5.6% YoY, which brings us to inflationary levels last seen in 2008 when price of a barrel of oil reached all time highs of $150/barrel.  Stocks are back in Positive Territory after yesterday's losses.  We will receive more Q2 Corporate Earnings Reports today; and Fed Chair Powell has testified before the House Finance Committee today.  Nothing has changed, but the Investors like hearing the message repeated.  MBS is regaining it's losses yesterday; and is Up 16bps thus far.  Yesterday, after the disappointing 30 year Bond Auction, the Market reversed and dropped.  Lenders repriced for the worse yesterday; h...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Both the Consumer Price Index (CPI) and the Core CPI (excludes food & energy) rose 0.9% in June.  The CPI rose from 5.0% in May to 5.4% in June; while, the Core CPI rose from 3.8% in May to 4.5% in June.  This is the highest spike we've seen in 30 years (Sept, 1991).  Markets initially reacted negatively, but has since subsided.  Currently, only the DOW is in Negative Territory.  Q2 Corporate Earnings Reports are beginning to be released, as several of the Major financial institutions (like Chase and Goldman Sachs) released their reports today.  Mortgage Rates remain Unchanged, as MBS is currently Up 2bps.  Yields are sitting just under 1.36% currently.Please subscribe to my YouTube Channel at MikesDailyMarketRptAlso, these videos are base on my views...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Nothing really on the Economic Calendar; however, there are some Treasury Auctions this morning (3yr and 10yr).  The 3yr didn't go as well as hoped and did negatively affect the Markets (usually it doesn't impact); and the 10yr came in rather decent, which wiped out the negative movement caused by the 3yr.  Stocks are Mixed today, as NASDAQ is the lone index in the Red.  Investors are primarily looking ahead for this week's data.  This week, we have the beginning of Q2 Corporate Earnings Reports, Fed Chair Powell's semi-annual Testimony and a new look at Inflation data (CPI and PPI).  The G20 is going on with Finance Ministers meeting to discuss a Global Tax.  The Global Tax is for Multi-National Corporations whom position themselves to avoid paying t...
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By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
South Bay Real Estate Market Update - 2nd Qtr 2021Below are selected real estate market reports for major markets in South Bay CA and Beach Cities. Click on provided links to see current listings and sold homes in last 3 months (all info is based on CRMLS; single family homes only), all in real time. You may create your own market report, save and receive email update. Contact us for your Free Home Evaluation and your local market report.  Call (310)918-5027 today!REDONDO BEACH122 single family were sold in Redondo Beach in the last quarter. Average listing price was $2, 565,206; average selling price was $1,653,228; avg price per sq foot was $890; homes stayed on the market 16 days on average.Redondo Beach Market ReportTORRANCE257 single family homes were sold in Torrance in last 3 mon...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Speechless Sunday: Don't Grow UP!!!  Wishing you a safe Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly! If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 ( ...
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Los Angeles County, CA Real Estate Professionals