Redondo Beach Homes under $800,000
Why are you waiting... Jim Cramer says it's time to buy a house ....so it must be time to buy!
Looks as if the recent FED cuts have really stirred the pot. Jim Cramer, who just a few months ago, was telling anyone within shouting distance that buying a house was a stupid move and everyone who owned one should sell.. fast.. has had a change of heart. Not only does Cramer think it might be a good time for the general public to buy a home but he may even do it himself... WOW!
For a change, Cramer may be on the right track... If you need to buy then now might be a good time. It is definitely the time to refinance if you have a loan that will reset within 2 years. OK..so just take a deep breath and wait a minute before you start to beat up on me... If you need or want to buy a home within the next six months you should really do some homework. There are more properties available in the entry level in the Beach Cities then at any time in the last few years.
Manhattan Beach:
There are 17 properties under $1,000,000... 9 homes and 8 townhomes/condos.
Hermosa Beach:
There are 20 properties under $1,000,000...10 homes and 10 townhomes/condos
Redondo Beach:
North Redondo:
There are 54 properties under $700,000...22 homes and 32 townhomes
South Redondo:
There are 49 properties under $800,000.. 7 homes, 22 townhomes and 20 condos
El Segundo:
There are 27 properties under $800,000... 9 homes and 18 townhomes/condos.
These are much higher numbers for affordable properties then we have seen in a long time. No these are not 3000 sq ft less then 10 years old but they are the types of properties that most buyers used to buy as a first home. They are starter homes.. homes that start you on the way to your dream home. It made a lot of sense then and it still does... buyers need to get away from the idea that their first home should be bigger and better then the one that was the dream home of their parents. This is what got a lot of people into a lot of trouble.
So why does Jim Cramer think this might be a good time to buy then wait for the mythical 50% decline in price.
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Wow..that's great news!! I think more people are recognizing they have a window of opportunity to buy right now, not only at the beach, but also at the desert. We haven't seen prices this low, with more inventory, in years.. I read in the NY Times over the weekend, that long term interest rates may actually be going up.....so nows a good time to cease the moment and buy while they remain at historic low prices.
Paul Kaplan
www.RepoCaravan.net