My Blog | California Real Estate News 2018-03-07T16:15:48-08:00

Welcome to my blog with newest Real Estate information!

January 2019

Think You Should For Sale By Owner? Think Again! [INFOGRAPHIC]

January 25th, 2019|Tags: , , , , , |

Some Highlights: For Sale By Owner (FSBO) is the process of selling real estate without the representation of a real estate broker or real estate agent. According to the National Association of Realtors’ Profile of Home Buyers & Sellers, 36% of homeowners who decided to FSBO last year did so to avoid paying a commission or fee. But, homes sold with an agent net 6% more than those sold as a FSBO according to Collateral Analytics! Before you decide to take on the challenges of selling your house on your own, let’s get together to discuss the advantages of having [...]

3 Things You Need in a Shifting Real Estate Market

January 25th, 2019|Tags: , , , , , |

Whether you are thinking of selling your house or buying a home, today’s real estate headlines can be confusing – perhaps even concerning. What is actually happening with mortgage rates? Are home values dropping or are they just rising at a slower pace? What impact will the economy have on the housing market? If you are either a buyer or seller (or both), you need to know what it will mean to your family if you go ahead with the move. You need to understand three things: 1. What is happening in the housing market right now? Consumers must get [...]

The Importance of Homeownership to the American Dream

January 24th, 2019|Tags: , , , |

For centuries, people in this country have seen homeownership as part of the American Dream. Whether they were born here or immigrated from another country, they wanted to own a piece of America. With so many prominent societal changes over the last few decades, it is fair to ask if people in America still feel the same way about owning a home. The answer was made abundantly clear in two separate reports released earlier this month. In their market trends report, As Housing Trends Shift, So Does Renter, Buyer and Seller Sentiment, Trulia revealed that: “After two years of no [...]

Do You Prefer the Charm of an Existing Home?

January 23rd, 2019|Tags: , , , |

When homebuyers begin their research, they want to see all their available options! In many cases, they will include both new construction and existing homes in their search; but is a new construction home really the house of their dreams? According to a recent survey by Zillow, of the 38% of total buyers that added new construction to their list, only 11% ultimately purchased a newly constructed home! They added that 71% of these buyers are repeat buyers who are financially secure, with 45% using the money from the sale of their previous homes to make a purchase. Below are [...]

Sites With Amazing Deals On Things For Your Home

January 22nd, 2019|

Many people think of the holiday season as the time to shop, but real bargain hunters know the best time for shopping is AFTER the holidays. Because spending significantly drops off after the holidays (and retailers face a huge uptick in returns as a result of ill-advised holiday gifts), stores often slash prices in an effort to reduce their inventories, stimulate spending and make way for new products in the upcoming year. And that includes online retailers. If you're looking to make upgrades to your home, there's no better place to look than the internet. The sites highlighted here offer [...]

The Difference Having a Professional on Your Side Makes

January 22nd, 2019|Tags: , , , , |

In today’s fast-paced world, where answers are a Google search away, there are some who may wonder what the benefits of hiring a real estate professional to help them in their home search are. The truth is, with the addition of more information, comes more confusion. Shows like Property Brothers, Fixer Upper and the dozens more on HGTV have given many a false sense of what it’s like to buy and sell a home. Now more than ever, you need an expert on your side who is going to guide you toward your dreams and not let anything get in [...]

What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

January 18th, 2019|Tags: , , , , , |

Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by the end of 2019. CoreLogic predicts home prices to appreciate by 4.8% over the next 12 months. If you are ready and willing to buy your dream home, find out if you are able to! Simplifying the Market™

Last Chance! Homes are a Bargain Compared to Historic Norms

January 18th, 2019|Tags: , , , , , , |

A loaf of bread used to be a nickel. A movie ticket was a dime.  Not anymore. Houses were also much less expensive than they are now. Inflation raised the price of all three of those items, along with the price of almost every other item we purchase. The reason we can still afford to consume is that our wages have also risen over time. The better measure of whether an item is more expensive than it was before is what percentage of our income it takes to purchase that item today compared to earlier. Let’s look at purchasing a [...]

Selling Your Home? Make Sure the Price is Right!

January 17th, 2019|Tags: , , , , |

If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price. In today’s shifting real estate market, where more inventory is coming to market and home values are projected to appreciate at lower rates, homeowners will not be able to price their homes as aggressively as they were able to just last year. They will have to employ the same strategy: be the closest without [...]

Buying a Home Young is the Key to Building Wealth

January 16th, 2019|Tags: , , , , |

Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. The organization surveyed adults who turned 60 or 61 between 2003 and 2015 for their data set. “Today’s older adults became homeowners at a younger age than today’s young adults. Half the older adults in our sample bought their first house when they were between 25 and 34 years old, and 27 percent bought their first home before age 25.” The full breakdown is in the chart below: The study goes on to show the [...]

Buying a House This Year? This Should Be Your 1st Step!

January 15th, 2019|Tags: , , , , , |

In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search. Even if you are not in an incredibly competitive market, understanding your budget will give you the confidence of knowing whether or not your dream home is within your reach. Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ [...]

Excited About Buying A Home This Year? Here’s What to Watch

January 14th, 2019|Tags: , , , , , , , |

As we kick off the new year, many families have made resolutions to enter the housing market in 2019. Whether you are thinking of finally ditching your landlord and buying your first home or selling your starter house to move into your forever home, there are two pieces of the real estate puzzle you need to watch carefully: interest rates & inventory. Interest Rates Mortgage interest rates had been on the rise for much of 2018, but they made a welcome reversal at the end of the year. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates climbed to [...]

Belief in Homeownership as an Investment is Far from Dead

January 13th, 2019|Tags: , , , , |

Following last year’s real estate market was like riding a rollercoaster. The market started off strong in 2018 and then softened before finishing with a mild flurry. However, one thing that did not waiver was America’s belief that owning a home makes sense from a financial standpoint. An end-of-the-year survey by the Federal Reserve Bank’s Center for Microeconomic Data revealed that: “The majority of households continue to view housing as a good financial investment.” And that percentage has increased over the last three years. Bottom Line Though there is some uncertainty as to how the real estate market will perform over [...]

Top Renovations to Complete Before You Sell Your House [INFOGRAPHIC]

January 12th, 2019|Tags: , , , , , |

Some Highlights: If you are planning on listing your house for sale this year, here are the top four home improvement projects that will net you the most Return on Investment (ROI). Minor bathroom renovations can go a long way toward improving the quality of your everyday life and/or impressing potential buyers. Upgrading your landscaping or curb appeal helps get buyers in the door. These upgrades rank as the 2nd and 4th best renovations for returns on investment. Simplifying the Market™

The Cost Across Time [INFOGRAPHIC]

January 11th, 2019|Tags: , , , |

Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.0% by this time next year according to Freddie Mac. The impact your interest rate makes on your monthly mortgage cost is significant! Lock in a low rate now while you can! Simplifying the Market™

The Best Time to List Your House? TODAY!

January 10th, 2019|Tags: , , , , |

You may have heard that the housing market is softening. There is no doubt that buyer traffic has decreased. There are fewer purchasers in the market than there were last month and at this time last year. What you may not have heard, however, is that there is still a severe shortage of listing inventory in many regions of the country. In a recent interview discussing the housing market, First American’s Chief Economist Mark Fleming put it simply: “The biggest challenge is really the availability of supply.” When we look at available inventory numbers released by the National Association of [...]

Is the Recent Dip in Interest Rates Here to Stay?

January 10th, 2019|Tags: , , , , |

Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey. After the first week of 2019, rates have continued their downward trend. As Freddie Mac’s Chief Economist Sam Khater notes, this is great news for homebuyers. He states, “Mortgage rates declined to start the new year with the 30-year fixed-rate mortgage dipping to 4.51 percent. Low mortgage rates combined with decelerating home price growth should get [...]

Want to Get the Most Money from The Sale of Your Home? Use These 2 Tips!

January 9th, 2019|Tags: , , , , , , , |

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house? Here are two keys to ensure that you get the highest price possible. 1. Price it a LITTLE LOW  This may seem counterintuitive, but let’s look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below). Instead of the seller trying to ‘win’ the [...]

Buying A Vacation Property? Now Is A Good Time!

January 9th, 2019|Tags: , , , , |

Every year around this time, many homeowners begin the process of preparing their homes in case of extreme winter weather. Some others skip winter all together by escaping to their vacation homes in a warmer climate. For those homeowners staying at their first residence, AccuWeather warns: “The late-week cold shot should fade next week, but this is a warning shot for winter’s return late in the month and early February.” Given this, it’s time to go and stock up on winter weather supplies! However, if you’re tired of shoveling snow and dealing with the cold weather, maybe it’s time to [...]

February 2017

Market Report Manhattan Beach, California

February 12th, 2017|

Market Report for Manhattan Beach Homes for Sale – Wondering the Value of Your Home For a complimentary comparative market analysis, please contact us so we can discuss your home’s value. Real estate agents know how to sell homes. Successful sales balance four components: the market, price, condition of the house, and exposure. Do you need an in-depth report? Call or email us today!

Phil and Joey Levy
Berkshire Hathaway HomeServices California Properties

Sure California weather is amazing!
Yes we have beaches, beauty, culture, style, shopping, yachting, great hotels, restaurants, nightclubs, marinas, golf courses and yes, the country’s most sought after real estate!
Los Angeles, Beverly Hills, Santa Monica, Malibu are some of the world’s most well-recognized brands, synonymous with ultra-luxury, golden white beaches, fine dining and some of the most beautiful architectural landscapes in the country.

Buying, selling condos and homes, leasing retail space, looking for a great commercial space, a large multifamily, an apartment complex, strip center or office condo? Are you a foreigner and first time home buyer in search of a professional to help educate and guide you through the buying process here in the states? Interested in a sensible real estate investment for a second home or investment property? – I’m here to assist.
Looking to buy a house or condo, a luxury home, estate or flat on the waterfront with an ocean view, I’ll find you that ideal condo or elusive dream home and make it possible for you to create that perfect California lifestyle you’ve always been yearning for. Real estate is moving again and with great values there are great deals! Of course, you’ll need a great realtor you can trust. Someone to act as your California eyes and ears, to make sense of all the inventory out there and come up with a true gem of a deal! Need a knowledgeable, experienced and ethical realtor with vision? Someone that gets it and gets it done! Someone that works with common sense and that actually listens to what you want and matches your vision, your lifestyle and your budget with just the right property for YOU?
Let’s talk today!

Phil and Joey Levy
(661) 903-8522