The Market continues it's touchy-feely stance, no rationale behind it's current positions (just emotions). The economic releases today, don't bode too well. The Producer Price Index (the Wholesalers) remained the same; but when you exclude the volatile food and energy, then it's a negative. Industrial Production remained the same. The Home Builder's Index is still in depressed levels. On the Technical side, there are Global concerns. These concerns lie with China still pushing to slow it's economy by raising their interest rates and more Bailouts in Europe. The Stock Market is way Down today and the Bond Market opened higher (after a blood bath sale for the past week), but had closed the Gap lower. Mortgage Rates have gone Up, as a result of all these Sell offs during the past week. Do... 11/16/2010

A few pieces of Economic News Releases today, which starts with the Retail Sales. Retail Sales showed a high increase (with Autos), but you really need to view it without the Autos, which came in at the estimates. You need to view the exclusion of Autos because of the volatility and higher prices that skewers the overall numbers. Also, the Empire State Index came in with a disappointingly negative number; and the Inventories came in at estimates. As a result, the Stock Market is Up today; and the Bond Market opened with a a large gap to the negative, but currently Up for the day. Right now, the Bond Market has taken a beating for the past week based on emotion in the Market (without any foundational support for the sell-off). I'd expect to see it correct to the positive side soon. Toda... 11/15/2010

Trends Complete Real Estate Report for Beach Cities Detached Homes by Month 2009 vs. 2010. Median Sold Price, Median For Sale vs. Median Sold and More. Properties from Manhattan Beach to Hermosa Beach and Redondo Beach. Prepared by Realty Source, South Bay - Palos Verdes, Kim Jones. For more detailed city specific reports visit www.SoBayRealtySource.com Download this Report Beach Cities Detached Home Trends                                           Download this Report 11/14/2010

Happy Friday, everyone. Only one piece of economic news release today, which the Michigan Consumer Sentiment was Up slightly. The rest of the technical news lie with more concerns about Ireland possibly needing a EU Bailout and China raising interest rates to slow it's economy further (so what will that do for us?). The Finance Ministers are concluding their G20 Summit in Korea. Talk is about policing Currency manipulation to create disadvantaged trade deficits and those with Surpluses to focus more domestically and those with deficits work to cut them. Always difficult to get everybody on same page and agreeing. We'll see what happens. The Stock Market and Bond Market are both currently Down for the morning (PST), which Mortgage Rates have worsened again. I do anticipate see improveme... 11/12/2010

Redondo Beach Real Estate Statistics Homes for sale in Redondo Beach Get this widget Redondo Beach Real Estate Statistics Homes for sale in Redondo Beach Get this widget Redondo Beach Real Estate Statistics Homes for sale in Redondo Beach Get this widget Redondo Beach Real Estate Statistics Homes for sale in Redondo Beach Get this widget Redondo Beach Real Estate Statistics Homes for sale in Redondo Beach Get this widget Josh Toering Norma Toering & Team RE/MAX Palos Verdes Realty 310-831-0800 CA Realtor #01296388 Find Norma on: Facebook - Twitter - LinkedIn - Email Norma Homes In Palos Verdes - Palos Verdes Realtor Home Palos Verdes Horse Property - Palos Verdes Realtor Blog Boitano Palms Lots for Sale - Homes with Views in Palos Verdes Palos Verdes Coastal Homes - Palos Verdes Homes ... 11/10/2010

      Sorry folks, I made an oversight yesterday. There was a Bond Rollover, which I wasn't aware, and is what created the large opening Gap. However, there was a large Sell-off after the opening, which was due to a very large Hedge Manager positioning a large stake on the 10 year bond, that created a negative reaction and resulted a Sell-off on Automatic Selling. The economic news releases for today include an early reporting (because tomorrow is Veteran's Day) of Initial Jobless Claims, which dropped a little bit. The Trade Deficit showed some improvement too. Export Prices rose a bit, while Import prices remain relatively low. Meanwhile, the Stock Market is a bit Mixed again today and the Bond Market is Down currently. I say, currently, because I believe you'll find it will correct ... 11/10/2010

Only a few minor economic news releases today. The NFIB Small Business Index, which is the survey of the confidence of the Small Businesses, increased a little bit, but still stuck in recessionary levels. The Wholesale Inventories were Up a little bit too, but again, still low overall. Job Openings did drop a little bit too. On the technical side of the news, China is upset with the Fed for their QE2 announcement, as they feel the US is now flooding the Market with too much liquidity and vow to cap their Market. Ireland is in the news because of concerns of them being able to repay their debt, and Portugal is under the Microscope, as well. The Stock Market is Down, as well as, the Bond Market (more dramatically). The Traders are taking a step back to digest everything that happened las... 11/09/2010

Sorry, my computer is still under repair. I hope to be back to normal very soon. I will keep this short and sweet today, as the day is primarily over, as while I'm finally completing the video today. There were no economic news releases today. The Stock Market closed Mixed and the Bond Market was Down, which included a price change for the Worse (about 19 bps). As a result, the day started the same as we left off on Friday, but Mortgage Rates worsened throughout the day. There's not a lot of high impact news releases scheduled for this week, so expect the Market to follow the technicals for the most part. 11/08/2010

The Redondo Beach average home sale price in October 2010 was $756,162 which translates into the 2.7 percent increase over a year ago.  We experienced a drastic decrease in traffic and sales - number of sales dropped by 44%. It also took longer to sell - average DOM (days on the market) went up from 45 to 81 days last month compared to October '09 Redondo Beach        Number of Sold Homes Average Sale Price Average Days on Market October '10 45  $756,162 100 October '09 81  $735,937 68  All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed. For your Free home evaluation report, including a list of comparable sales in your area, current listings, detailed market analysis and more, please contact Krystyna Baty, Redondo B... 11/06/2010

Sorry, again (feel a bit lost without my normal computer -still being worked on) for the format of the video. The economic releases today showed some positive vibe, starting with the Non-farm Payrolls exceeding everybody's expectations by almost double the estimates; the Unemployment Rate remained the same; Hourly Earnings went up a little; and Average Work week went Up a little bit. The Stock Market is a bit Mixed this morning. Unfortunately, this is not good enough, so the Market is shrugging it off (mostly because the population growth is exceeding job growth). We need to add a lot more jobs to make a difference. The Bond Market opened with a big gap to the Worse, with it edging down further this morning; which this means that Mortgage Rates are higher than yesterday's pricing. Have... 11/05/2010

Sorry for the presentation, my computer is on the fritz today. I hope to have it back in running asap. Both the Stock Market and Bond Market are Up today. The Traders digested the information from the Fed's announcement yesterday and it's carrying forward today. The Fed basically said they'll be purchasing about $75 bln Treasuries per month until June, 2011. While they're purchasing Treasuries, they're also, re-investing money into the MBS (Mortgage Backed Securities), which brings that total to over $100 bln threshold. So, the Bond Market opens with a large gap (about 44bps), even though it's down a little bit for the day; Mortgage Rates are definitely much improved. Expect some volatility over the near term, as Traders still digest what all of this means. Basically, while the Governm... 11/04/2010

      The Big Day is here, but the FOMC Announcement will take place later today (11:15am PST). The economic news releases were more positive, as the ISM Services, ADP Payroll and Factory Orders were Up a bit today; and the Challenger Job Cuts dropped. All positive news. But the Stock Market is currently Down and the Bond Market is Up. So, expect a volatile trading day today. Both Markets are building their pricing in anticipation of the Fed's announcement. If the Fed commits more than $500 bln in Purchases, then you will most likely see more of a rally with the Bond Market. If it remains at the $500 bln level, then it will probably remain within it's current trading range. Lower than $500 bln will disappoint the Market and see a sell off. Currently, the Mortgage Rates are in better sh... 11/03/2010

No Economic News releases scheduled for today. Mostly the Markets are gearing up for the Election results and the announcement by the Fed regarding the QE2. Currently, both the Stock Market and Bond Market is Up. Currently, the Mortgage Rates are better than yesterday's close. Today, may have some swings, so be prepared. As mentioned, tomorrow will be the big day, as in the Fed's announcement, as the FOMC concludes it's meeting. Have a great day!!! 11/02/2010

Mixed Bag of Economic News today. We have the Personal Income, Personal Spending and Core PCE all down; but the ISM and Construction Spending both Up. The Stock Market is Up a bit today. The Bond Market started Up, but now is Trading at the Lower Range. It will probably hold this level until after the Fed Meeting on Wednesday (we don't have any economic new releases tomorrow, just the election). Interesting article that I found on MarketWatch.com, here's the link http://www.marketwatch.com/story/feds-bond-buys-seen-500-billion-to-750-billion-2010-11-01, which have most Economists projecting the Fed to purchase between $500 bln - $750 bln and their Quantitative Easing will only be a "Modest Boost" to the economy. As for Mortgage Rates, they're down from Friday's pricing. 11/01/2010

I thought that this may be good idea to create a thread for all to view and add to the list of Lenders, whom didn't follow suit with Bank of America's step to increasing the minimum fico score to obtain an FHA loan.  As many of you may have heard, Bank of America (NOT FHA) raised their minimum fico score to 640 for anybody wishing to obtain an FHA loan, and many Lenders followed suit. I believe there are other Lenders, besides my company, whom didn't follow suit, so I encourage other Lenders to feel free to leave their Fico requirements below and contact information.  I believe there will be a number of potential borrowers whom may be affected by this change and hopefully this post will provide them a point of reference to potential Lenders whom may be able to assist them with their hom... 10/29/2010

The GDP shows growth, but at an extremely slow pace. Not enough to help with the Unemployment issue. Of course, this is just first release, which there will be 2 additional revisions to this release. The Cost of Employment shows that costs for Labor are under control. The Chicago PMI and UofM Consumer Sentiment remain essentially the same as the prior month. These economic news releases have the Stock Market a bit Mixed today. I think the Traders are still chewing on all of this information and contemplating what the Fed will be doing on Wednesday (obviously, that will be our biggest impact day next week). Meanwhile, the Bond Market jumped Up, leaving a big starting gap from yesterday's close. It's trading at the high end of this Trading range and just below the 10 day Moving Average. ... 10/29/2010

It appears to be a correction day, as the Stock Market ended Mixed. The Initial Jobless Claims improved, even though it's still a concern. Earnings reports were decent (in general). The Bond Market benefited with a nice rally and closed out with Mortgage Rates comparable to Tuesday's pricing. Tomorrow will be a key day with the GDP, which we know that Bernanke will be watching before their meeting next week; UofM study and the Chicago PMI. Stay tuned. Sorry for the delay with this, but it took forever for YouTube to process the video 10/28/2010

Fixer in South Redondo Beach The web address for this property is: http://isellsouthbay.com/listnow/property/9e507fbc-8ee4-47fe-9485-fca27f9feedb.html Location: 434 Avenue E, Redondo Beach, California 90277 Type: Single Family Bedrooms: 3 Bathrooms: 2.00 Square Feet: 1418.0 Price: $699,000 Description: Quiet, tree-lined street on the 'avenues' in much desired of South Redondo. Walking distance to Tulita Elementary School. Close to Parras Middle School, and Redondo High. Also within walking distance of St. Lawrence and other churches and Riviera Village and the beach. Just a VERY desireable neighborhood. Hillside views and easy access to major streets. Has been a rental for many years. Some problems. Owner anxious and will look at all offers. Contact Information: Krystyna Baty Address: ... 10/27/2010

Another miserable day for Bonds, and the Stock Market joined it today. Reports are starting to trickle out now that the Fed isn't going to do as much as most anticipated. Some are thinking their Quantitative Easing measure will be in the neighborhood of $250 bln for 3 months, which many believed they will do another round of "Shock and Awe" and buy in the neighborhood of approximately $100 bln/month. We won't know for sure until November 3rd when they finally make their announcement. As for the economic news releases for today, the Durable Goods Orders were very nice; but if you take out the volatile Transportation, then it was negative. New Home Sales were Up, so we had Existing and New Home Sales Up this week. It's a good start. As you may have guessed it by the way the Bond Market i... 10/27/2010

The Stock Market is a bit Mixed at the moment. The Case-Shiller Home Index was Down, while the Federal Home Finance Adm. Index is Up. Consumer Confidence finally went Up a little bit. Something to ponder is why the Consumer Confidence is Up -Is it because Election Day is around the corner? Just food for thought. These economic news releases coupled with what NY Fed Chair, Mr. Dudley, made comments regarding the Quantitative Easing (QE2). He suggested that maybe the Fed should only make Tweaks, instead of the Major Changes, as many projected. This seems to have affected both the Bond and Treasury Markets today, as the Bond Market started the day much lower than yesterday's close (creating a large opening gap). As a result, Mortgage Rates are Worse than yesterday's rates. Hopefully, we'l... 10/26/2010