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Manhattan Beach Real Estate Booming In June

by on July 5, 2010 in Blog, Manhattan Beach, Market Stats Comments { 2 }

The Manhattan Beach real estate market kicked butt through the end of June! The second quarter (Q2) of 2010 saw Manhattan Beach single family residence (SFR) prices rise 8% compared to...

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Manhattan Beach Pending Sales Point To Slump

by on July 5, 2010 in Blog, Economy, Manhattan Beach Comments { 3 }

The National Association of Realtors (NAR) announced a 30% drop in pending home sales in May, as home buyer tax credits expired. Given that Manhattan Beach real estate ranks on the...

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Home Sales And Mortgage Rates Down..Huh?

by on June 23, 2010 in Blog, Economy, Manhattan Beach, Market Stats Comments { 0 }

Conventional [government] logic is that low interest rates, capital subsidies, and encouraging words of home ownership bliss will spur housing demand. While this is certainly true...

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Manhattan Beach Sales Volume

by on June 18, 2010 in Blog, Economy, Manhattan Beach, Market Stats Comments { 1 }

If you have not yet heard the news, the US is in a housing recession. The story is no different for South Bay real estate. We may be cushioned from most of the world in our luxurious...

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White House Wants To End Tax Break For Wealthy Homeowners

by on June 12, 2010 in Blog, Economy, Investing, Manhattan Beach Comments { 2 }

The White House is urging Congress to limit, or cut, the once untouchable tax break for mortgage interest. In traditional class warfare parlance, the White House cap on mortgage...

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Fannie Mae Economist: Housing Recovery In 2013

by on June 12, 2010 in Blog, Economy, Manhattan Beach Comments { 0 }

Fannie Mae’s Chief Economist, Doug Duncan, predicts national housing markets will not recover until 2013. He predicts prices will decline another 1% to 3% before bottoming in the...

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What Do Pending Home Sales Mean For The South Bay?

by on June 10, 2010 in Blog, Economy, Investing, Manhattan Beach, Market Stats, News Comments { 0 }

Pending home sales have risen for three consecutive months, according to the National Association of Realtors®. The United States index rose 6%, and the Western states index increased...

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Hedging Hyperinflation With Fixed Rate Mortgages

by on June 10, 2010 in Blog, Economy, Investing, Manhattan Beach Comments { 7 }

Now is the time for patriotism and embracing the American dream of becoming overly indebted! Consumer debt won’t cut it. If you think modern patriotism is heading to the mall and...

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A Busy May In Manhattan Beach

by on June 9, 2010 in Blog, Economy, Manhattan Beach, Market Stats Comments { 2 }

The month of May turned out to be a busy time for Manhattan Beach real estate, particularly for the single family residence (SFR) market. SFR volume increased 80% to 36 closed sales...

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Manhattan Beach Housing Market: May 2010

by on June 6, 2010 in Blog, Manhattan Beach, Market Stats Comments { 4 }

Manhattan Beach housing prices are anything but clear. Over the last 3 months (from March 1st through May 31st), 113 homes have sold in the city of Manhattan Beach. These homes spent...

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