Quite a few years ago, I had dinner with my Great Uncle. His professional career was spent in Real Estate. He was involved in the sale of many tracts throughout L.A. Co. and had done quite well purchasing Real Estate. So when he proclaimed, “It is time to buy”, during our early 1996 dinner, I […]
Long Beach Real Estate Market Returns to Normal
July 29, 2004 By
Starting about 3 months ago, the real estate market started to change significantly. Inventory started to climb, albeit above abnormally low levels. Multiple offers became a thing of the past, and buyers calls dropped off significantly. One month does not make a trend, but three months later, we have the same lackluster market. I have […]
Spring Prices Explode to Upside
April 29, 2004 By
Every December and January the Real Estate market slows with holiday glee. Buyers are busy with holiday shopping and parties, and sellers aren’t excited about being on the market during the holidays. With a 2 month seasonal hiatus, I often wonder what the spring will bring. This year I have been blown away at the […]
The Anatomy of a Market Turn
January 28, 2004 By
Recently I have met with quite a few prospective customers who are planning to sell in the near future. They are anxious because they don’t want to miss the opportunity that currently exists with high sales prices. Not being quite ready to sell, they are asking me, if they don’t sell for 3-6 months will […]
Trading Up in Long Beach
November 28, 2003 By
Tom & Susan have lived in their Los Altos home since 1991. Like most homeowners during the early 90’s they watched their homes value decline to about the loan amount. Simply holding on to their home during this unsettling period was the best strategy. 12 years later, they have two pre-school aged children, several hundred […]
Building a Custom Home in Long Beach
September 28, 2003 By
In the process of building a custom home, I’ve learned a few things, uncovered some myths, and confirmed some of my original beliefs. Most importantly, I have learned that a good team of specialists is the solution to most every problem. I correctly anticipated the level of complexity in building our first custom home. Yet […]
Creative Lending, A Sign of Trouble?
April 28, 2003 By
I was interviewing lenders today to get a pulse on their business. It was a trip down memory lane. One lendernd I, were reminiscing about the creative financing tools we had in the early 90’s. Then the market was at it’s top and affordability was a big issue. Here are two creative ways we helped […]
Is There a Real Estate Bubble?
September 1, 2002 By
As a prospective buyer, if I knew prices were rising rapidly, then I might bid more for a home than it was worth. However if I knew that prices were dropping, then I might bid lower or I might just wait. But buyers don’t know what the future holds, they only think they know based […]