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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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Over Half of Americans Planning on Buying in the Next 5 Years
According to the BMO Harris Bank Home Buying Report, 52% of Americans say they are likely to buy a home in the next five years. Americans surveyed for the report said that they would be willing to pay an average of $296,000 for a home and would average a 21% down payment. The report also included other interesting revelations.
The Mortgage Process: What You Need To Know [INFOGRAPHIC]
- Many buyers are purchasing a home with a down payment as little as 3%.
- You may already qualify for a loan, even if you don’t have perfect credit.
- Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.
91.5% of Homes in the US have Positive Equity
CoreLogic’s latest Equity Report revealed that one million borrowers regained equity in their homes in 2015. The outlook for 2016 remains positive as well, as an additional 850,000 properties would regain equity if home prices rose another 5% this year.
Further Proof This Isn’t a Housing Bubble
Two weeks ago, we posted a blog which explained that current increases in home prices were the result of the well-known concept of supply & demand and should not lead to conversations of a new housing bubble. Today, we want to look at home prices as compared to current incomes.