Brand New...From The Ground Up!

Check out our new listing...

6266 Metz St.
4 BR / 5 BA / 3,350 SQFT / Lot = 8,450 SQFT
$839,000

For more info click here

Updated Facts from the California Association of Realtors

Fast Facts

Calif. median home price - June 09: $274,740 (Source: C.A.R.)

Calif. First-time Buyer Affordability Index - First Quarter 2009: 69 percent (Source: C.A.R.)

Mortgage rates - week ending 7/23/09 30-yr. fixed: 5.2% Fees/points: 0.7% 15-yr. fixed: 4.68% Fees/points: 0.7% 1-yr. adjustable: 4.77% Fees/points: 0.6% (Source: Freddie Mac)

News From the California Association of Realtors

Fast Facts:

Calif. median home price - May 09: $267,570 (Source: C.A.R.)

Calif. highest median home price by C.A.R. region May 09: Santa Barbara So. Coast

$875,000 (Source: C.A.R.)

Calif. lowest median home price by C.A.R. region May 09: High Desert

$106,210 (Source: C.A.R.)

Calif. First-time Buyer Affordability Index - First Quarter 2009: 69 percent (Source: C.A.R.)

Mortgage rates - week ending 7/16/09 30-yr. fixed: 5.14% Fees/points: 0.7% 15-yr. fixed: 4.63% Fees/points: 0.7% 1-yr. adjustable: 4.76% Fees/points: 0.5% (Source: Freddie Mac)

If you have any questions or comments please add them below...

The Market Continues To Improve

Like we have been mentioning here, the real estate market is improving and finally the media is beginning to report the good news. Here is a recent front page article from the LA Times...

"Southern California median home sales price surges in June and prices may have finally hit bottom."

Southern California home prices may have finally hit bottom, with median values rising last month for the first significant increase in two years, new data show.

Along with the 6.4% rise in prices from May, fewer than half of the sales were foreclosures -- the first time that has happened in nine months.

Read the full article here

Update On The Numbers

Watching the number of homes both for sale and in escrow in East Long Beach gives us a barometer on what is happening in our local real estate market. Obviously, a rising number of homes in escrow is a good sign of things. On the other hand, a rising number of homes currently for sale can have a depressing result on prices. We will be constantly watching these numbers and posting them here. As of today the numbers stand at:

Date	Homes On Market	Homes In Escrow
July 14	107	93
July1	69	98
June 13	77	105
June 8	69	106
May 30	66	102
May 18	59	102
May 10	78	88

Please add your comments and questions below...

Taking A Look At The Numbers

Watching the number of homes both for sale and in escrow in East Long Beach gives us a barometer on what is happening in our local real estate market. Obviously, a rising number of homes in escrow is a good sign of things. On the other hand, a rising number of homes currently for sale can have a depressing result on prices. We will be constantly watching these numbers and posting them here. As of today the numbers stand at:

Date	Homes On Market	Homes In Escrow
July1	69	98
June 13	77	105
June 8	69	106
May 30	66	102
May 18	59	102
May 10	78	88

Please add your comments and questions below...

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