Tag: South Bay Real Estate
If you are considering placing your house on the market, it is crucial that you do some work before you place it on the market. Here are some items to consider are: Does the roof need replacing? How about the windows? Upgrade the garage door? Paint the exterior? And then there is the landscaping. Trim bushes, plant flowers. repair cement. I would sagest you take a drive around your South Bay neighborhood and take note of which houses automatically attract you. Take some photos and then you go, you have instant help on improving your curb appeal. Read More
I just read this great article… 7 Banks Foreclosing on the Most Mortgages Most banks are servicing loans. This list includes the percentage of underwater loans the bank has in FORECLOSED properties portfolio. Check out this article... Read More
The Marriott Residence Inn and a Hilton Garden Inn are set to start construction on the site of the former Malibu Castle mini-golf course located at Marine Avenue and the 405 San Diego Freeway in Redondo Beach. The two hotels will take about 5 acres total of the site and will have combined 320 rooms in two new 4 story buildings. The cost will be around $60M. Everyone connected with the development is happy to see the whole thing starting to move forward after suffering a 2 year set back Read More
10 Predictions for Housing in 2013 DAILY REAL ESTATE NEWS | THURSDAY, JANUARY 17, 2013 The new year could be the best year in real estate in years, but the housing recovery still remains fragile and challenges remain, says Dave Liniger, RE/MAX co-founder and chairman. Read More
The New York Times published this … If you are considering a loan modification or a short sale, you will need to proved a HARDSHIP LETTER. Writing the “hardship letter” Homeowners having trouble paying their mortgage are often required to write a hardship letter when applying for a loan... Read More
Is GREEN POWER on your 2013 New Year Resolutions List? Learn more about being GREEN in 2013! Start the New Year GREEN! Join me and representatives from the South Coast Air Quality Management District and JPy Magazine for a presentation and discussion on how to... Read More
How many of us have often wondered about the name of The South Bay town we live in and where it came from? Well, we'll solve that problem for you. Here are some of the Origins for the names of some of the South Bay cities. As we find more, we'll let you know. * CITY OF HAWTHORNE: Named after the American novelist Nathaniel Hawthorne * CITY OF GARDENA: This one is tuff as there are many different stories as to where this name came from but most agree that it came from "Garden Spot" which one of the original founders called it because it layed in a beautiful green and lush valley. * CITY OF CARSON: Named after the son of the the developer of the South Bay who was also head of the Dominguez Water Corp., John Manuel Carson. * CITY OF EL SEGUNDO: Named by the executives of Standard Oil in 1911 when they were searching for a location for their second refinery. In Spanish, El Segundo means second. * CITY OF HERMOSA BEACH: Named in 1907, Hermosa means beautiful in Spanish. * CITY OF LAWNDALE: The founder, Charles B Hopper named it that in 1905 after a Chicago suburb as a way of attracting more settlers from the east. * CITY OF INGLEWOOD: The story says that a new resident of the area named Inglewood after the town he had just moved away from, his home town. * CITY OF MANHATTAN BEACH: Named by developer Stewart Miller after his hometown in New York * CITY OF PALOS VERDES: Means "green sticks" in Spanish, and probably named after Canada de Los Palos Verdes, a wooded area near the current day Machado Lake in Harbor Regional Park. * CITY OF REDONDO BEACH: Named after the nearby land grant 'Rancho Sausal Redondo' (“Ranch of the Round Clump of Willows”). * WILMINGTON: Named by developer Phineas Banning after his home town of Wilmington, Delaware. * SAN PEDRO: Named by Spanish explorer Sebastian Vizcaino in honor of St. Peter. Read More
Watch this beautiful Video of the South Bay and you will understand why sop many reside here. Housing sales are starting to go up, building starts are up, condo and townhome sales are setting new records in some areas. And we are seeing an upswing in South Bay real estate. Mortgage rates are still at an all time low. Lenders say they have money to lend. Lenders have tightened up their processing and underwriter guidelines, which is slowing down overall processing and funding times. Experts say that if there is no unforeseen crisis in the near future the trend should continue with gradual increase in sales. Foreclosures and lack of inventory is affecting many markets across the country at the present time, and that should start improving gradually. One factor that is helping to fuel the gains is heavy buying by investors, many paying cash for hot properties. Flipping houses is again being advertised heavily which causes some concerns. Many experts feel that “flipping” along with other factors was a major cause of some of the real estate problems of recent years. The pace of building is picking up as well, with housing starts in some states like Washington, Iowa, Nebraska, Texas and South Carolina are likely to near the levels last seen in the 2000-2003 period, by the end of this year. Construction industry experts are predicting a possible 17-20% increase in new housing starts. General increases in building permit applications are already being seen in some “hot market” areas. So what’s the down side of all of this? The unknown possible tax hikes coming in January and some other possible worsening economic factors coming out of Europe and Asia that could affect more than just the real estate industry. Read More
Ponte Vista, a planned community to be built on the old Navy Housing land on Western Av, may be coming back to life after seven years on the chopping block. A new development team is proposing 1135 or 830 housing units. They are looking for comments from the community. Read More
Can you teach an old dog new tricks? Can an older city in the heart of the south bay hit a home run with a new style standard of living and lifestyle? Yes, you can and Hawthorne has done it with the completion of the Lyons Homes complex called ‘The... Read More