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Home Values In South East Los Angeles up 7% in one year

by Southern Californias Top Producing Mother & Son Te

Home values are up about 7% from exactly one year ago according to data from SoCal MLS reports.  Interest rates are still at record lows with bankrate.com tracking rates currently at 3.76% for a 30 year fixed loan.  Inventory will play a key role on where home values go in the coming months.  We are still not seeing as many homes enter the market as there were back in 2012.  Less homes on the market creates more competition with buyers.  The more competition, the higher home values will stay.  Many industry leaders are thinking that we have another good 3-4 years of a good real estate market before we see a down turn.  There will be a downturn in the market.  There always is.  The question that everyone keeps asking themselves though is whether or not that downturn is going to be as big as it was in 2007/2008.  It’s really hard to see that big of a dip in the market now that lending practices have been tightened drastically compared to years past.  The average sales price for the month of Feb was $536,086 compared to $497,779 last Feb.  Looking at the graph and going off of what we’ve seen in previous months, we can assume that we will see another rise in home values.  Only time will tell.  What is really clear at this point is that anyone that can, should take advantage of the low interest rates out there.  You can borrow money for really cheap at these low interest rates.   

 

Type is 'Single Family Residence'County is 'Los Angeles'

City is one of 'Bellflower', 'Cerritos', 'Downey', 'La Mirada', 'Lakewood', 'Long Beach', 'Montebello', 'Norwalk', 'Paramount', 'Whittier'
Results calculated from 33,929 Listings

PASSPORT FAIR | DOWNEY CA

by Southern Californias Top Producing Mother & Son Te

Hi Everyone!

Apart from being your local Real Estate Representative in Downey, CA, we also like to inform you regarding "all-things-awesome" that are happening in this Beautiful City.

Coming up in a few weeks is an event open to the Public . . .

A PASSPORT FAIR

When: Saturday April 9th, 2016 9:00am to 2:00pm

Where: Barbara J. Riley Community Center - Diane Boggs Auditorium

            7810 Quill Drive, Downey CA

NO APPOINTMENT NEEDED 

Check out the event flyer below for more information. 

This is a great time to get your new passport or renew your old one. Don't forget that summer is coming up and you may need it renewed before you fly out on summer vacation.

Rest is a great thing. A Vacation can really help you regain vision for the future of your business or your family. Maybe you haven't had a vacation in years and now that all of the kids are out of the house you can think about what that might look like. Maybe you just got back from a vacation and you realized you want a bigger back yard. Let us help you leverage that equity that you've earned to help you achieve your financial and real estate goals. We are here to serve you and make your craziest dreams come true. Call us today 562 883 1003. 

The Mother & Son Team

Interest Rates HIKE may come to a halt

by Southern Californias Top Producing Mother & Son Te

We get told all the time by potential buyers that they are going to wait because there's going to be a turn in the market.  There are worries of a recession....  That may be the case but keep in mind that if the economy shows a lot of volatility, that is all the reason more to keep interest rates low.  And we know if interest rates are low, buyers can borrow money, basically on discount... So as we've said before, this is a great market for both buyers and sellers.  

Play our weekend report above for a quick video explaining the activity on our listing inventory...

RECOMMEND us to your Friends and Family.  

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Photo of The Mother & Son Team - Maria Palacios & Chris Gon Real Estate
The Mother & Son Team - Maria Palacios & Chris Gon
Berkshire Hathaway HomeServices, California Properties
16911 Bellflower Blvd
Bellflower CA 90706
(877) 883-1003
Fax: 562-381-9113