palos verdes: The Higher End is Coming Back
- 05/18/10 06:00 AM
Remember how I wrote the last couple of years that reports of drastic price declines were largely a product (at least in the South Bay) of a statistical anomaly whereby the lower end of the market was very hot due mostly to Fed-subsidized interest rates, while the upper end was ice cold. Well, interest rates for loans over $729,750 have come waaaay down to around 5.5% and, while you still have to qualify for them, they're much easier to get now than, say, 2 years ago. This has caused the upper end of the market to experience a rebirth. Sales over … (1 comments)
palos verdes: Is the #1 Agent the Best?
- 07/31/08 01:29 AM
Do you ever get tired of every agent claiming to be #1? When you're selling your house, you want an agent to whom the sale is as big a deal as it is to you. After all, your concern is quality of service, not quantity of sales -- why do you care that an agent sold 30 other homes that year? When I got into this business 25 years ago, I made the commitment to put quality ahead of quantity, and I still do. It is clearer to me now than it was then that an agent cannot sell even 25 … (5 comments)
Remember how I wrote the last couple of years that reports of drastic price declines were largely a product (at least in the South Bay) of a statistical anomaly whereby the lower end of the market was very hot due mostly to Fed-subsidized interest rates, while the upper end was ice cold. Well, interest rates for loans over $729,750 have come waaaay down to around 5.5% and, while you still have to qualify for them, they're much easier to get now than, say, 2 years ago.
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