2024-05-03 17:55
(The letter below as of May 1 is running in nearly 40 local newspapers, including the Los Angeles Times, San Francisco Chronicle, Mercury News, Sacramento Bee, San Diego Union-Tribune, Orang… Read More
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Long Beach/southern California Real Estate Blog
longbeachrealestate.blogspot.com
Remarks on buying, selling, and our local area.
2024-04-30 22:32
Photo credit - C2 PaintHave you noticed that everywhere you look in the neighborhood there's a house with white exterior paint combined with black trim? It's supposedly being goi… Read More
2024-04-10 22:58
With tax day approaching, have you checked out these potential tax deductions? - Energy Efficient Upgrades, including Energy Efficiency Home Improvement Credit up to $3200; a home energ… Read More
2024-04-09 21:58
There are changes coming to the way REALTORS and all real estate licensees do business. One change has actually been discussed many many times since about 2004, or perhaps a little earl… Read More
2024-04-02 19:08
Numerous residential insurance companies have stopped writing certain policies, most recently it is State Farm cancelling the insurance of approximately 42,000 apartments. This affects anyon… Read More
2024-04-02 17:59
Long Beach February sales information For the Long Beach single family market, the months supply of inventory remains low, under 2 months. On a rolling basis over the last 12 mont… Read More
2024-03-18 18:57
Craftsman Bungalow Home in Long Beach"Every person who invests in well selected real estate in a growing section of a prosperous community adopts the surest and safest methods of becoming in… Read More
2024-03-11 23:04
Here's an abridged summary of CAR's market data report:March 4, 2024
– Recent economic reports suggest that inflation continues to cool from
last year but may remain sticky in… Read More
2024-03-05 19:47
Many times a property owner loves their colors, that deep purple wall in the living room is such a nice contrast to a golden orange kitchen. And in some countries, bright colors or ver… Read More
2024-03-05 18:43
LA County and Long Beach Housing Data, Jan. 2024 Sales growth for Long Beach in January was down by 5%, while the median price climbed upward another 8% to $886,000.Median price for all… Read More
2024-03-01 19:20
Current graph on Calif home price in 2024 In spite of fluctuating rates, going down, the back up, demand is high and supply is low. Recent data provided by CAR economist Jordan Levine t… Read More
2024-02-12 18:25
San Francisco and Kansas City home market prices!This graphic is at the end of 2023, showing median sales prices as of the 4th quarter in the Bay Area vs Kansas City.If anyone is thinking of… Read More
2024-02-09 23:19
"The Treasury Department’s Financial Crimes Enforcement Network proposed a regulation
on Wednesday that would require real estate professionals to report
information to the agency ab… Read More
2024-01-30 01:58
Seal Beach Market Update Dec. 2023Seal Beach visitors notice the shops, restaurants and local neighborhood ambience. Old Town is the center of summertime activity for beach going fun a… Read More
2024-01-24 17:22
What’s included in a home inspection may not be as important as what isn’t.
A home inspection may feel like a final exam, but it’s not quite
so cl… Read More
2024-01-17 20:17
Sales price of a property is not all there is to consider in a home purchase -- there are maintenance, insurance, property taxes, and utility bills. Utility bills may include water, central… Read More
2024-01-17 19:58
Roommates moving in to new unitThe following is meant as a summary, not an in depth explanation of current updates (provided courtesy of California Association of REALTORS), to the Tenant Pr… Read More
2024-01-16 23:15
Graphic showing 2023 market data in California The 2023 housing market had ups and downs, but buyer competition remained, and prices continued upward for the most part, in spite of infl… Read More
2024-01-05 21:29
Mediterranean duplex style New loan limits are in place for 2024, by both FHA (Federal Housting Administration) and FHFA (Federal Housing Finance Agency). FHFA is the regulator of… Read More
2023-12-28 17:47
Boat in Marine StadiumIt’s probably not a shock that the real estate market is softening. After a period of low-interest record rates, we’ve seen a significant increase in the av… Read More
2023-12-15 19:29
A REALTOR is a member of the National Association of REALTORS, and in California, a member of the California Association of REALTORS and a local Board of REALTORS. Being a REALTOR memb… Read More
2023-12-15 17:57
Julia Huntsman, REALTOR, Broker |
http://www.abodes.realestate |
562-896-2609 | California Lic. #01188996 Read More
2023-12-06 19:50
The November average sales price for a single family home continued up from November 2022 (on a monthly basis), as did the median price, by over 12%! However, the overall average decre… Read More
2023-12-06 19:02
Looking for fun things to do in December? Here's a partial list of local activities! Dec. 7-9 - Rancho Voices: A Holiday Celebration - https://www.rancholosalamitos.com/events.html &hell…Read More
2023-11-22 19:54
New ADU law now allows Californians to create and sell as a separate property, whereas previously they were only rental properties.Accessory Dwelling Units have been allowed for severa… Read More
2023-11-21 18:17
Downtown Long BeachAre you an owner of residential 1-4 units in Los Angeles County? A program is now launched to assist landlords impacted by the COVID-19 pandemic and tenants who fell… Read More
2023-11-07 17:53
Year to Date Stats September 2024 Long Beach Market, September year to date: Existing home sales total 796 (down almost 30%)Monthly average of active listings total 94… Read More
2023-11-06 22:12
Here are some of the laws pertaining to real estate (although this is not all inclusive) that parties to a sale or purchase of a home may want to know about.Property "flippers" must di… Read More
2023-10-20 22:40
Interest rates are climbing again, today they are up to 8%, the highest rate in decades. While buyers should realize there are other things to keep in mind about buying besides the int… Read More
2023-10-10 19:20
Remodeled kitchen white countersThe annual summary on cost vs. value for home projects is out for 2023. This is an interesting guideline for what homeowners might expect for return on projec… Read More
2023-10-09 22:00
Halloween Kitty and Orange MoonLocal Halloween events around town:Halloween Family Night Aquarium of the Pacific - October 20th Long Beach Festival of Flight, Long Beach Airport - Octo… Read More
2023-09-26 19:11
CAR Convention 2023 Front EntryThe annual conference was held last week in Anaheim, along with the traditional annual market prediction for the next year by the California Association of Rea… Read More
2023-09-19 22:50
Did you know that California agents must observe certain protocols or rules about holding open a property?For instance, usually the person you meet on the open house property is a licensed a… Read More
2023-09-13 16:57
July California Sales and Price ReportMarket Information - median day to sell down by 2 days; sales to list ratio is the same; price per square foot down by $2; 30-year fix… Read More
2023-08-23 17:17
Craftsman bungalow home in Long BeachIf you are contemplating selling in California and relocating, you may be able to save money on your property taxes if you are 55 years of age or older… Read More
2023-08-21 18:30
The National Association of Realtors data shows home prices increased in 60% of the nation's largest metro areas, while 30-year mortgage interest rates hover around 7 percent in the Freddie… Read More
2023-08-08 17:28
May, June and July of 2023 down 18% in Southern California sales volume for single family
homes, better than last December's volume which was down 46% (see the orange bar for Southern Cali… Read More
2023-07-31 17:40
Insurance is the Key!Several companies have stated they are not issuing new policies to new customers, and some existing customers are receiving cancellations. Below are some advisory… Read More
2023-07-17 22:22
Dark Sky Anza Borrego Desert - Credit: John Loo via Flickr (CC)Dark Sky Illumination Trend Addresses Adverse Effects of Light Pollution: Light pollution disturbs nature and can cost bil… Read More
2023-07-11 22:27
Beautiful corner lot homeThe market seems to be back to multiple offers and buyers feeling a lot of stress, unable to get into contract with a seller. It's true, there's low inventory, and h… Read More
2023-06-19 19:47
Housing affordability brightened somewhat in the 1st Quarter of 2023 since interest rates have dipped, see several areas below for comparisons. The first three columns are the percenta… Read More
2023-06-17 17:24
Many times a buyer may be searching in an area without much familiarity with it. And they're hoping their Realtor can provide them with an "orientation" to the area, and describe the n… Read More
2023-06-01 22:21
The news about State Farm not writing new policies is part of a larger story. It's not news that premiums have increased and that areas of wild fires have seen a pullback from insuranc… Read More
2023-05-31 01:11
1970s photo of an 1865 houseProperty owners of both residential and commercial properties know that it's becoming more critical to understand "green" features during a time of rising utility… Read More
2023-05-09 15:46
The Los Angeles County update forLos Angeles County Market UpdateMarch 2023. Median Price for Single Family home: $718,370Home Sales are Down - 30%Unsold Inventory - 2.2 Months down 22%… Read More
2023-05-05 19:34
The City of Long Beach has many fine homes in the luxury category currently on the market. If you're looking for historic or a more contemporary style, water views or not, Long Beach has muc… Read More
2023-04-18 22:54
December 2021, April, 2022 and December 2022 Long Beach Market Graphic 2021-2022 - Single Family Long Beach Market March 2023 - Single FamilyBuyers and sellers alike felt the s… Read More
2023-04-14 20:19
Sellers have been in a multiple offer market again this year, with buyers getting the "Buy Now" feeling in order to get a home. But buyers nevertheless want a good value, and appearanc… Read More
2023-03-28 19:06
Graphic of ant and termiteTermites often swarm at this time of year, which will expose properties to the damage they can cause.It's not surprising in my experience to find that an owne… Read More
2023-03-11 00:15
I'm sure you've seen the yellow signs with black handwritten lettering on the corners as you drive by, advertising all cash purchase, fast sale, easy sale, etc. There are also some TV… Read More
2023-03-06 18:33
Data as of 2-24-2023 - Market SummaryHousing inventory has been an issue for about 10 years, but one bright spot in the graph shows that, overall, inventory in Los Angeles County has increas… Read More
2023-02-20 20:00
The Art and Necessity of Decluttering Barcelona Chair - 1929Did you ever hear of Mies Van Der Rohe? Perhaps not, unless you have an interest in architecture. (He also des… Read More
2023-02-10 19:06
Closed Sales Graph for PWR RegionIn the region covered by the Pacific West Association of Realtors, extending over south Los Angeles County and Orange County cities, the graph clearly ill… Read More
2023-01-27 20:41
Historic Craftsman homeThe Mills Act Property Tax Abatement Program is designed to help owners who have purchased a historic property, or have high tax burden due to transfer or property rea… Read More
2023-01-17 19:13
As of mid December 2022, these are some of the conditions leading into 2023. The labor market - There are two jobs for every job seeker, which puts pressure on wages, and ultimately creates… Read More
2022-12-23 18:47
The sequence of four straight hikes of 75 basis points (.75%) in a row was capped last Wednesday Dec 14 by a rate hike of 50 basis points (.5%), all in an effort to cap inflation. Fede… Read More
2022-12-22 19:57
Amazingly, the median and average single family prices are up over the rolling calculation 12 month period by 7% and 11%, respectively. Comparing November to November, however, the median pr… Read More
2022-11-29 20:02
Greenhouse effect around EarthA law signed in 2018, AB3232, mandates a 40% reduction in greenhouse gas emission by 40% by 2045. Greenhouse gas emissions (GHG) from buildings account for abou… Read More
2022-11-23 19:49
Horn of Plenty Happy ThanksgivingWe're constantly reading about the shortage of housing units, in California and nationwide, and its effect in creating rising prices (still), yet the actual… Read More
2022-11-08 17:37
As long as an owner lives on the site, an HOA may not ban the rental or leasing of a portion of the home. Assembly Bill 1410.Clarification of existing laws to make it easier to build A… Read More
2022-11-04 18:54
September So Calif Sales and PriceFor Southern California as a region, inventory has come up to 3 months, but is still not considered a "normal" amount of housing on the market. Compared to… Read More
2022-10-19 23:03
According to California Association of Realtors report on current sales and pricing for September, the existing home price in September for Southern California was $783,380, a year to… Read More
2022-10-05 16:23
The "More Homes on the Market Act" was introduced on September 29th by Jimmy Panetta (D-CA) and Mike Kelly (R-PA), proposing increases in the capital gain exclusion amounts. Under this… Read More
2022-09-24 20:26
Best of this Wrigley neighborhood in Long Beach, this lovely home at 861 W 21st St is ideally located for those who need to commute to Los Angeles areas for work, or just want a very comfort… Read More
2022-09-16 18:56
Calif August sales and price reportStatewide, California inventory reached highest level since 2019, but at 2.9 months of supply is still well under the norm of 6 months. Both time on… Read More
2022-08-17 19:03
Mortgage interest rates have been volatile, going up and down on a daily basis--today's rate (August 17) is at 5.22% per https://thefinancials.com for a 30-year mortgage, but recently it was… Read More
2022-08-08 22:54
Should empty homes be taxed?The City of Los Angeles, and many other cities, have been looking into this issue for years. The Alliance of Californians for Community Empowerment (ACCE)… Read More
2022-08-05 18:38
View toward downtown Long BeachThe following cities sold statistics for single family homes for the last 90 days:Cypress, average sale price of 56 homes: $1,055,946, 15 days on market.Long B… Read More
2022-08-05 17:59
Interest rates and inflation are issues right now, not just here but globally. Older populations in some other countries are problematic, without replacement population the consumer co… Read More
2022-06-27 19:25
According to market research by National Association of Realtors, on a national level May 2022 brought 5.41 million in sales, a median sales price of $407,600, and 2.6 months of inventory… Read More
2022-06-03 21:38
The 2021 Profile of Homebuyers and Sellers is the 40th anniversary of the first National Association of Realtors report. The 2021 report is unusual because it is the first full year in whi… Read More
2022-06-02 23:28
Buyers in 1981 vs. 2021The 2021 Profile of Homebuyers and Sellers is the 40th anniversary of the first National Association of Realtors report. The 2021 report is unusual because it is the f… Read More
2022-05-31 23:19
Fair housing issues are coming to the forefront of the real estate profession and being addressed at all national, state and local levels of the industry for REALTORS. Problems with ra… Read More
2022-04-30 19:31
Long Beach bungalow houseAre you a possible candidate for a Proposition 19 tax transfer? California's Proposition 19 was passed in November of 2020 and made changes to property tax ben… Read More
2022-04-18 17:58
According to a recent survey discussed in the Scotsman Guide, 70% of a poll of 1600 recent homebuyers had one major regret in their buying experience: reasons tied to "cost-based remor… Read More
2022-03-30 18:14
Did you know ...?There continues to be a demand for Long Beach residential rental housing, and rents are at a premium. The average sold price for a 4 unit property in 2021 was $1,321,209, wh… Read More
2022-03-29 22:35
Currently there are 62 active condo listings in across Long Beach, with the overall average price being $562,469 per MLS data. This is a lower number than the 90 current house li… Read More
2022-03-24 22:58
If you watched 60 Minutes on March 20th, you probably saw the segment with Lesley Stahl about the rental market, specifically the corporate rental market. While Gary Berman of Tricon… Read More
2022-03-10 16:22
3400 Julian Ave.OPEN HOUSE SATURDAY AND SUNDAY,MARCH 12 AND 13 -- 12 PM TO 4 PM.3400 JULIAN AVE, LONG BEACH 90808 Beautiful two-story corner lot home with numerous upgrades. Large fiv… Read More
2022-03-07 23:01
If you are in escrow for a California residential property that you're buying, and if you don't know it already, there are lots of documents to read, understand and sign--within a deadline n… Read More
2022-02-16 23:29
Single family house median price is up 13.6% since January 2021. For 24 months there has been less than 4 months of housing supply, for the last year there's been less than 2 months sup… Read More
2022-02-14 20:00
Long Beach house built 1922Some aspects of climate change have brought more catastrophic events to different regions--in California earthquakes especially have long been present due to geolo… Read More
2022-02-04 21:09
Almost every day there is an article posted about the shortage of inventory, and I personally hear stories of fellow Realtors with buyers who are in heavy competition with others to find the… Read More
2022-02-01 21:45
Naples CanalEvery year many new bills are signed into California law, and this year is no exception. Not all have to do directly with real estate, but here are some of the ones that do… Read More
2022-01-05 23:30
According to Tian Liu, Chief Economist at Enact, remote work is still driving the housing market buyer preferances. COVID-19 has shaped the choices and home desires, and will continue… Read More
2021-12-31 21:37
Willmore, Long BeachBest wishes for a Happy New Year!In spite of the lowest inventory ever (at end of November Long Beach was at .8 months, meaning inventory had about 3 weeks of life at tha… Read More
2021-12-15 18:28
First, the inventory for single family homes and condominiums remains low, but now it's "extremely" low.Long Beach November stats-2021 In November, the inventory for houses decreased&nb&hell…Read More
2021-12-14 00:08
Every year a plethora of new laws comes into effect, the following are some of them which should be of interest to the consumer and professional in the real estate industry:Appraisals - &nbs&hell…Read More
2021-12-07 21:24
“With California’s home prices climbing so significantly during the pandemic, C.A.R. (California Association of Realtors) commends the FHFA (Federal Housing Finance Agency… Read More
2021-11-15 18:16
No housing market crash for 2022, at least not in terms of price (believe it or not!).But there is a huge continuing problem between supply and demand-- very limited supply and huge demand b… Read More
2021-11-06 18:46
If you're currently thinking of buying, you're probably think a lot about the current interest rates and your monthly mortgage bill.But there's more.It's realistic in the Long Beach area mar… Read More
2021-11-04 22:54
The real estate industry news has lately had quite a few stories about Zillow's "pause" in buying homes. As the days went by, the "pause" was just another word for Zillow's decision to… Read More
2021-11-01 22:19
All these average prices are for single family homes for the month of October, 2021, based on data from CRMLS Infosparks: Graph also includes Riverside County. As the market move… Read More
2021-10-11 18:56
California Association of Realtor Annual Market Report was presented at the annual trade conference last week, held online for the 2nd year--and here are some of the highlights. Takeaways:As… Read More
2021-09-28 19:00
A survey of just over 1,000 Americans, conducted by Cinch Home Services, a home warranty firm, shows what some people are willing to do in order to afford a home purchase. Homes are ex… Read More
2021-09-18 01:31
A while back California passed a law allowing accessory dwelling units (ADUs) throughout the state as part of the work to alleviate a housing shortage. There is now Senate Bill 9, the… Read More
2021-09-14 21:53
Rents increase in 93% of metro areasThe national multifamily is surging ahead this year in many markets, over 10% to $1539 monthly rent nationwide. August, according to Yardi Matrix's… Read More
2021-09-10 19:23
Median listing prices for active properties in Long Beach range from $425,000 to $1.4 million in July, 2021. The least number of properties on the market are in the lower price… Read More
2021-08-10 18:46
In his July 28, 2021 Report, California Association of Realtors economist Jordan Levine recapped what's going on the real estate market so far this year:1. The share of first time buyers is… Read More
2021-08-07 19:13
In a highly competitive market, what serious buyer doesn't want his/her/their offer accepted? A growing practice starting on an occasional basis, say, in the 1990s, to an almost… Read More
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