Explore Redondo Beach, CA

By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(The Real Estate Group)
Comments 0
The Redondo Beach average home sale price in May 2010 dropped by 7.3  percent compared to the same period a year ago, bringing the average price to $681,404. The number of sales went up by 56 percent! Redondo Beach SoldListings AverageSale Price AverageDOM May 2010 86  $681,404 65 May 2009 56  $7...

By Mike Bjork
(SunWest Mortgage)
Comments 0
Stock Market received some good news today from Europe and China. Germany announced it's Courts can't block it from Europe's Aid Plan. As a result, the Euro gained a little traction this morning. China is reporting better than expected Export numbers for the month of May. As you may have heard, ...

By Mike Bjork
(SunWest Mortgage)
Comments 0
      Home Loan Rates are starting the day a little lower than yesterday's close. It could be helped later in the day when they release the Fed Beige Book and if the 10 Year Treasuries go well at the Auction today. The Stock Market is up a bit this morning (with the DJIA over the 10,000 mark). B...

By Mike Bjork
(SunWest Mortgage)
Comments 2
      No News today, just a few possible items that may affect the Market today. There is the 3 Year Treasury Auction, which I think may turn out well. A few Fed Members speaking today, including Ben Bernanke (see his remarks here). The Stock Market is a bit mixed today. Overall, Mortgage Rates ...

By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(The Real Estate Group)
Comments 1
REDUCED FOR QUICK SALE! Seller wants out! Spacious, modern, move-in ready, 3 bd/2.5 bath townhouse, almost 1800 sq ft of living space under $600,000! FREESTANDING - feels like single family home- located in great Redondo Beach neighborhood! Click below for more details -http://www.isellsouthbay.c...

By Mike Bjork
(SunWest Mortgage)
Comments 0
It's a Day of Technicals. Not a lot of impact releases today. Most Traders are still a little jittery about what's going on in Europe, with Hungary being the "new" concern. The Stock Markets are down a little bit this morning and Bond Markets are fairly even. Depending when Lenders re-priced las...

By Mike Bjork
(SunWest Mortgage)
Comments 0
      We received the news we've been waiting all week, and "wow" it made a big bang. The Jobs Report was widely disappointing, even though it showed 431,000 New Jobs being created, but 411,000 of those jobs are Temporary Census positions -Not enough to help us out of the current economic downtu...

By Mike Bjork
(SunWest Mortgage)
Comments 0
A lot of news coming in today. The ADP reports 55,000 new jobs today, but most economists were estimating about 100,000. This report hasn't been accurate, so it's taken with a grain of salt. The Initial Jobless Claims came in around the expectations (still not very good news). Productivity from ...

By Mike Bjork
(SunWest Mortgage)
Comments 0
Not a lot of news on the table today. Mortgage Interest Rates are up a little this morning, as the Stock Market is pulling some of the Money out from the Bond Market. Construction Spending and Pending Home Sales are both Up. Of course, Pending Home Sales should not be a surprise as many people w...

By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
Comments 0
As many of my clients are from out of the area or out of state, they seem to have a notion that the South Bay is simply one big city and there aren't all that many differences between Manhattan Beach, Hermosa Beach and Redondo Beach.  The reality is that even within these cities the individual ne...

By Mike Bjork
(SunWest Mortgage)
Comments 0
Manufacturing is down slightly from April's numbers, but it's still reflecting productivity. On the Technical side, the Euro is currently at a 4 year low and China's ISM Index has showed it's economy slowing down. As a result, Traders are concerned with the difficult road to our economic recover...

By Mike Bjork
(SunWest Mortgage)
Comments 0
Happy Memorial Day to everyone, especially to our Current Armed Forces and Vets. We certainly appreciate all of your sacrifices. Big day for Economic News today. Numbers show Personal Income was Up, but Spending was Nil. So people are earning more money, but not willing to spend it. Even though ...

By Mike Bjork
(SunWest Mortgage)
Comments 1
Stock Market is Rallying behind some comments by Fed Board Member Bullard and China's statement that they won't be selling off their Euro-zone based bonds (as speculation developed that they may pare their risks). This appears to be more of an Emotional Rally, as the GDP was revised lower to 3.0...

By Mike Bjork
(SunWest Mortgage)
Comments 0
Stock Market is Up Today because of the Great News on the New Home Sales. This has weakened the Bond Market a little bit today, so Home Loan Rates are down a little bit from yesterday. Durable Goods had some great readings, but if you exclude the Transportation (which can offset the real numbers...

By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(The Real Estate Group)
Comments 3
I'm often asked: "what are propositions 60 and 90?" or "is it true that I can transfer the tax base of my current property to the replacement property in California?" Below is a quick summary of Propositions 60/90 as well as quick links to more information, if needed. Propositions 60/90 are const...

By Mike Bjork
(SunWest Mortgage)
Comments 0
Credit Crisis is rearing its ugly head in Europe today, as the LIBOR moved upwards because of the concerns with Banks needing to be Bailed out and not repaying their loans. As a Result, the Euro has continued to decline vs. both the US Dollar and the Yen. Also, China is trying to slow their Econ...

By Mike Bjork
(SunWest Mortgage)
Comments 0
Some Good News today, which Existing Home Sales jumped much higher than expectations; add a 4% Year over Year increase to the National Median Home Price too. The Stock Market has been a bit shaky this morning with the DJIA down for most of the morning, while the other indices have been up. Trade...

By Mike Bjork
(SunWest Mortgage)
Comments 0
No News today, but residing more on some Technicals. The Stock Market started off a little slow, but the Bulls seemed to have come out and rake in some profit, as many of the stocks were badly beaten over the past week or two. As a result, it's pulling money out of the Bond Market and worsening ...

By Mike Bjork
(SunWest Mortgage)
Comments 0
Today, Mortgage Rates are getting a big boost from the Initial Jobless Claims. Most Economists were projecting improvement, but the numbers worsened (coming in at 479k). The Philadelphia Fed Index came in at the estimates. The Economic Leading Indicators (considered a minor report) shows some ne...

By Mike Bjork
(SunWest Mortgage)
Comments 0
The day we've been waiting for has come upon us with some good news. The Core Inflation came in at 0%. But the DJIA is down over 100 this morning, so the money from the Stock Market is pouring over into the Bond Market; thus improving Mortgage Rates for today. The Demand for Home Loans dropped t...

Redondo Beach, CA Real Estate Professionals