Kaye's Beach Cities Real Estate Info

Tuesday, September 25, 2007A Banker with a sense of humor......It's been one week since the Fed met and lowered the funds rate and the discount rate... The euphoria that followed the announcement of the action taken by the FED was good news for Wall Street but what about the housing market woes.A...

Redondo Beach: Golden HillsWhat a difference a few weeks can make. Overall sales have slowed in all the Beach Cities as buyers adjust to new lending rules and sellers grapple with how those changes will affect potential buyers for their homes. Buyers will continue to find qualifying more difficul...

Price Ranges Manhattan Beach September 15, 2007 ( click to enlarge) The graph with numbers will be posted after Market SnapshotThe last few weeks have been interesting as predictions of a market crash of 50%-60% in the Beach Cities and especially in Manhattan Beach persist. While expectations rem...

   The figures in the media on California foreclosures are astonishing. Numerous articles seem to be saying that almost every home in California and Los Angeles County is now or will be in foreclosure. Many feel that the Beach Cities.... Manhattan, Hermosa, Redondo and El Segundo will soon see pr...

 Over at the LA Times Blog by Peter Viles there is a lively discussion going on about home prices and affordability in CA. While most of the comments are from people who are waiting for home prices to crash in California and express their continued outrage about affordability issues.. one person ...

      Yep... these are my Bronze shoes... I hit the 50,000 points mark a few weeks ago but not wanting to be pushy I thought I would make my Mama proud and show my good manners... so I've been patiently waiting for a formal invitation to join  the Bronze Hall of Fame..  Yesterday I finally receiv...

 Downtown Manhattan BeachThe last three weeks have been like driving a car downhill without brakes. No one knows what will happen at the bottom of the hill but we all hope for a safe stop without anyone getting hurt. There is a lot of speculation about how the woes of the credit market will affec...

   The Daily Breeze has an article about job growth in CA and it's an eye opener that goes a long way toward explaining the South Bay real estate market. In a nutshell jobs are growing on the low and high end but not much in the middle and the gap is large.The #1 question I'm asked is how can peo...

 Manhattan Beach WalkstreetWhat a difference a week can make. Had I posted Beach Cities: Sold July 2007 figures the first week in August I would have said that rates were low and the market was chugging along although at a slow rate. That was before August 4 and the collapse of American Home Mort...