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long beach home values: Real Estate Sales Information for Long Beach, April 2009 - 06/10/09 01:38 PM
Thanks to my friends Christy Van and Robert Strausas from USA National Title Co. in Huntington Beach for providing the report with this information:
Long Beach Sales by ZIP Code, Month of April 2009
SINGLE FAMILY HOMES
90802 - 2 homes sold, median price $190k90803 - 12 homes sold, median price $723k90804 - 11 homes sold, median price $419k90805 - 52 homes sold, median price $218k90806 - 18 homes sold, median price $325k90807 - 18 homes sold, median price $385k90808 - 26 homes sold, median price $475k90810 - 17 homes sold, median price $260k90813 - 11 homes sold, median price $172k90814 … (5 comments)

long beach home values: What will my payment be? The cost of home-ownership in today's market... - 06/08/09 06:31 PM
It's been a while since I did one of my "What will my payment be?" blogs, so I thought it was high time I did. People always want to know what their payment will be. Of course, your credit as well as the amount you have for down payment both play a major role in determining your final payment, but here are a few examples to get you in the ballpark. Keep in mind that interest rates just went up about .5% this past week, so these are based on current rates.
If you have any questions about rates, mortgages, first-time … (0 comments)

long beach home values: Interest rates take a beating this week - 06/01/09 12:47 PM
Here's an email I got from one of my main loan officers this weekend:
  Hello!   It's been a bumpy ride for Lending this week! We had 5 pricing increases in a single day (May 27)! This was due to a massive run on the Bond Market stemmed by inflation fears. The market did settle down and produced some rate decreases on Friday. All "fence sitting" buyers should wake up and take notice that our low interest rates should not be taken for granted! Rates are still excellent, as you can see below. FHA rates are at 5.00%, at approximately 1% … (0 comments)

long beach home values: Long Beach California Foreclosed Homes by ZIP Code - 05/22/09 04:42 PM
 

If you were wondering just how many foreclosures there are in Long Beach, then here's some stats for you. This shows how many foreclosed homes are currently listed for sale on the MLS for each ZIP code in Long Beach.
 
90802  1790803  690804  1090805  46 (yep, more than twice as many as the next highest LB ZIP!)90806  990807  1090808  390810  1490814  390815  1
Total    119
So 119 total foreclosed homes currently for sale in Long Beach, with more than 1/3 of them in ZIP Code 90805. Email me for my free list of foreclosures if you'd like details on any of … (3 comments)

long beach home values: Long Beach Foreclosures By ZIP Code - 11/25/08 04:43 PM
If you were wondering just how many foreclosures there are in Long Beach, then here's some stats for you. This shows how many foreclosed homes are currently listed for sale on the MLS for each ZIP code in Long Beach.
90802  5190803  990804  3090805  109 (yep, more than twice as many as the next highest LB ZIP!)90806  1990807  2090808  490810  2890811  2890814  790815  8
Total    313
So 313 total foreclosed homes currently for sale in Long Beach, with more than 1/3 of them in ZIP Code 90805. Email me for my free list of foreclosures if you'd like details on any of … (2 comments)

long beach home values: What you get for your money .... - 10/21/08 04:11 PM
In my last blog entry, I showed you how to figure out how much you can afford to spend based on what you are comfortable with as a monthly payment. Now let's talk about what you can actually get for those prices.
Monthly Payment Home Price (approx)$650-750 $100,000Properties under $100k are typically studio and one bedroom condos. Sometwo bedroom condos can also be found in this price range in some areas.$1000-1200 $150,000You'll find more small condos, studio and one bedroom, in this pricerange. Your options for two bedroom condos is also expanded a bit. You'llalso start to see some small single … (0 comments)

long beach home values: What can I afford to pay for a home? - 10/10/08 12:44 PM
What can I afford?First, come up with a number that represents a monthly payment that you are comfortable making. The amount you pay for rent is a good place to start, but remember that owning a home is typically a bit more expensive than renting in terms of your monthly payment. The tax benefits that come with home ownership, though, help to offset that additional cost. Next, determine if there are any expenses that you can cut from your monthly budget to help increase the amount you have for your house payment. Could you give up a $3 cup of Starbucks … (0 comments)

 

David Ethridge

Long Beach, CA

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Sea Lion Real Estate

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