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South Bay Real Estate
Welcome to South Bay Real Estate by Gerry! My website is your resource for real estate information in the South Bay of LA. Create your customized search for homes in Manhattan Beach, Hermosa Beach, Redondo Beach, El Segundo, Torrance, Lomita, Hawthorne and more! Receive the monthly South Bay Real Estate Report which keeps you up-to-date on homes sales in each city. At no obligation, find out the value of your home. Search recent sales near your home.
I am a real estate professional with RE/MAX serving sellers and buyers in the South Bay of Los Angeles. I work in Manhattan Beach, Hermosa Beach, Redondo Beach, Torrance, Lomita and surrounding cities. My service is your key.
"My Service is your Key"
1720 S. Elena Avenue
Redondo Beach, CA 90277
310-413-4089 - cell
CA BRE # 01742286
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Don’t Let Your Luck Run Out [INFOGRAPHIC]
- The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time.
- Freddie Mac predicts that interest rates will increase to 4.8% by this time next year, while home prices are predicted to appreciate by 4.8% according to CoreLogic.
- Waiting until next year to buy could cost you thousands of dollars a year for the life of your mortgage!
Which Homes Have Appreciated the Most?
Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year.
A Tale of Two Markets: Inventory Mismatch Paints a More Detailed Picture
The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6-month supply according to the National Association of Realtors latest Existing Home Sales Report. Inventory is now 7.1% lower than this time last year, marking the 20th consecutive month of year-over-year drops.
Mortgage Interest Rates Went Up Again… Should I Wait to Buy?
Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.