Blessing of the Animals - St. Francis Day - Long Beach CaliforniaBlessing of the Animals 2009 at Marine Stadium in Long Beach CaliforniaLong Beach California - Blessing of the Animals - St. Francis Day
Saturday, October 3, 2009 10:00 AM - 2:30 PM Marine Stadium Marine Stadium, Long Beach | MAP 5225 Paoli Way @ Eliot Avenue Long Beach, CA 90803
View photos of 2008 Blessing of the Animals in Long Beach Vendors: $50/commercial space or $25/adoption/nonprofit space.
http://www.longbeachrealestatehome.com/009D75 Posted on September 26, 2009 21:11:03 by Laurie Manny
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Long Beach Real Estate Market Update - California Statewide Sales StatisticsLong Beach Real Estate Market Update - California Statewide Sales StatisticsLong Beach Real Estate Market
The California Association of Realtors (CAR) takes a closer look at the mix of home sales. Statewide median price in July 2009 is $285,480 which reflects an 3.9% increase over June 2009; annual decline of 19.6% which is the smallest decline in 19 months. California home sales increased 8.1% in June 2009 and 12% since June 2008, CAR reports a 43.4% increase in sales over the last year. Don't get too excited about the increase in prices or sales, it is all about how the numbers are reported. The CAR report goes on to explain what we Realtors have been saying all along.
Buyers of Long Beach homes and condos are experiencing difficulties in locating desirable properties to buy within their price range. The shear multitude of properties on the market in Long Beach are either short sales or are undesirable, many are fixer uppers. First time buyers are not in a position to finance the after purchase repairs needed to purchase a serious fixer upper. Finding what you are looking for in this market is highly competitive and often time consuming.
We are experiencing a bit of a sellers market in the middle of a buyers market, I like to call it a false sellers market. It is temporary! As the inventory increases we should swing back to a healthy buyers market. Only time will tell if that transition will be smooth or a head on collision.
If you are considering purchasing real estate in Long Beach contact Laurie for your free consultation and to begin your home search (562) 212-5420.
Read also:
Important Long Beach Home Buyer Tips
This important article highlights issues that many first time home buyers do not consider, that being the remaining life of the existing systems currently in the home and the cost of future replacement:
http://www.longbeachrealestatehome.com/009CAD Posted on September 12, 2009 17:30:00 by Laurie Manny
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Long Beach Home Owners Can Deduct PMILong Beach Home Owners Can Deduct PMI-If you have purchased a Long Beach home or condo after January of 2007 don't forget to take advantage of the deduction.Private Mortgage Insurance (PMI) is deductible under certain circumstances for buyers of Long Beach Homes and Condos.
To qualify for the PMI related deduction you must have purchased your Long Beach Home or Condo after January 1, 2007. The deduction is only available for PMI premiums paid on the original loan for homes and condos purchased between 2007 and 2010. You can deduct the PMI as mortgage insurance but must deduct it evenly over 84 months.
Home owners with an adjusted gross income of up to $100,000 can deduct all 100% of the PMI, the deduction is phased out to an adjusted gross income of $110,000.
PMI premiums usually run about $750 per year for every $100,000 owed.
If you have purchased a Long Beach home or condo after January of 2007 don't forget to take advantage of the deduction. Every little bit helps.
Important Long Beach Home Buyer Tips
This article highlights issues that many first time home buyers do not consider, that being the remaining life of the existing systems currently in the home and the cost of future replacement:
http://www.longbeachrealestatehome.com/009CAA Posted on September 11, 2009 15:45:00 by Laurie Manny
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Private Mortgage Insurance/PMI is usually required for home loans with less than 20% down payment. Buyers with less than 20% down are considered to be a higher risk to lenders, PMI protects lenders against potential buyer defaults. Long Beach Real Estate 2009 State of the Market Update - Long Beach Homes and Condos SalesLong Beach Real Estate 2009 State of the Market Update - Long Beach Homes and Condos SalesLong Beach Real Estate State of the Market Update
Homes and Condo Sales 2009
Everybody wants to know where the bottom of the market is and when it is going to happen. While nobody can pinpoint that exactly, its always smart to know what is going on in your local real estate market and to be able to make some assessments for yourself. The news reports real estate market information that is very general, not specific to your Long Beach neighborhood or Long Beach real estate market, which can be very misleading to buyers. Many local real estate markets have been hit very hard, and some not quite as badly. Reporting nationwide statistics doesn't really give a buyer a good snapshot of their market. Real estate is local. There is little that is more pertinent to your home search and determining when is the right time to buy, than solid local sales statistics.
If you are in the market to buy real estate in Long Beach then you are in the right place, right now. Below you will find charts comparing 2009 real estate sales in Long Beach to those of 2008. These statistics were pulled directly from the local SoCalMLS, your local Long Beach real estate market sales statistics. While reviewing these charts you will see that sales are up, prices are down dramatically and days on market is shorter, when comparing the first half of 2008 and 2009. Does that make this a good time to buy? We think so!
Currently the Long Beach real estate market is experiencing low inventory for the types of homes and condos that are in the highest demand. Long Beach condos under $350,000 and Long Beach homes under $500,000 are in short stock and great demand. We have more buyers than we have suitable properties to sell, this has caused multiple offers on just about everything that is in reasonable condition. Many buyers want to be close to the beach, there is even less inventory available there.
Current conditions have caused a false or temporary sellers market in the middle of a real buyers market. Sellers are currently enjoying holding out for higher prices and granting less concessions on homes and condos for sale at this time. Low inventory will do that; it is the law of supply and demand. While this usually would indicate that the bottom of the market has arrived we must consider that the banks are sitting on a mountain of foreclosed homes and condos that have not yet hit the market. Once these properties are released for sale, many of the buyers searching unsuccessfully for homes and condos now should be able to find what they are searching for and take some of the pressure off. This should swing the market back to a true buyers market. Rumor has it that these bank properties are going to be released in the very near future, we are all looking forward to that day.
When the banks finally begin to release the foreclosed properties will that drive prices down yet again? If the banks release large amounts of inventory onto the market that would definitely happen. If the banks let the properties trickle out then prices should hold or just drop a bit. Do banks have a habit of acting responsibly? Well the sub-prime problems didn't cause themselves! You can be pretty certain that the stockholders of the banks are placing considerable pressure on the banks to turn that inventory into cold hard cash. There are many buyers waiting to make that happen. We are all looking forward to that happening. The Long Beach Real Estate Market has seen some rather large changes in 2009. Never is it more apparent than when you have the numbers right in front of you. So without further ado:
Compare Long Beach Homes and Condo Sales
2009 2nd Quarter Statistics 1/1/2009 - 6/30/2009
Long Beach Homes and Condos for sale under $500,000
525 Seaside Way 1505 - Harbor Place Luxury High Rise Condo For Sale - Downtown Long Beach Real Estate
Laurie Manny
Important Long Beach Home Buyer Tips
Long Beach Homes For Sale
Long Beach Condos For Sale
Long Beach Income Properties For Sale
http://www.longbeachrealestatehome.com/009B5D Posted on August 20, 2009 20:50:00 by Laurie Manny
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Future Plan Your Southern California Home PurchaseFuture Plan Your Southern California Home Purchase - Advice on the steps to preparing for your first home purchase, from college graduation to the front door of your new home.
My email box is very busy, every day there are many hundreds of emails to deal with. The email from buyers and sellers is expected, that is my business. Sometimes there are emails from people who just want information on neighborhoods, condo complexes or the market and once in a while a student will ask how to break into the real estate business. Today I received a great email from a student who is smart enough to be future planning and asking for the best advice on how to attain their future goal of home ownership.
Hello Ms. Manny,
Sasha
Hi Sasha,
Thank you so much for the kind words about my site. Having worked so hard on it for so long I always love hearing that it is being received well and that readers find it useful and easy to navigate. It is so refreshing to hear from young people who are taking an active roll in planning their future. You are already on the right road! I hope that you are entering a profession that will provide nicely for you as you progress in your career. You didn't mention what profession you will be pursuing, so I will keep this a bit general.
The first thing you should do is save up as much money as you can and pay off those student loans. Invest and grow your earnings wisely. Build your reserves and do not use all of them to purchase your home, condo or townhouse. You should always have reserves to cover unexpected expenses. Yes this will take some time, do not be discouraged, the best things in life are worth waiting and planning for.
Keeping your credit in tip top shape and your credit scores high will always net you the best loan terms when it comes time to purchase your home. Good loan terms can net large differences in your monthly payments. This article will help you to understand those scores a little better:
Homes and condos can be purchased with as little as 3.5% down payment with an FHA loan at this time. This may or may not still be true in a few years when you are ready to begin your home search. Conventional loans require larger down payments. You should examine the terms of the loans available when you are ready and make your decision based on a long term financial plan. A very good lender should be able to assist you with your long term plan. Often when buyers purchase their first home they have a plan to sell it in 5 to 7 years and trade up. If you decide to do this then you may decide on a different loan product than somebody purchasing a home they plan on living in for either a long time or forever. Keep in mind that the best of plans can be laid to waste by a major life change. For instance, somewhere in the middle you could fall madly in love, get married and start a family. That would change everything. One of the things that first time home buyers often don't consider initially is after purchase cash. If you buy a home or a condo that requires work, you will need to have after purchase cash reserves for this. After purchase repairs can become more costly than originally planned for and often do. If you are not careful these repairs (and upgrades) can quickly deplete your bank accounts. Read also...
If you
decide to purchase a condo, townhouse, or buy into a planned
development you should have at least a basic understanding of HOA's
(Home Owners Associations) and how they affect you and your finances
directly. This article tackles some of these issues:
I
absolutely love that you are just starting out and I have the
opportunity to educate you on several huge pitfalls most people never
consider when they purchase their first home. California is a
community property state. If you purchase your home before you get
married and handle it properly as separate property going into a
marriage, you will still own it coming out of the marriage if things
don't work out. People don't like to think about this, love is very
powerful, but the truth of the matter is that the divorce rate in
California is astronomically high and these things need to be
considered. It is in your best interest to learn about separate
property laws and how to protect your assets in the event of a divorce:
If you purchase your first home while married the home will be considered community property, as will all major items purchased during the marriage. I hope you find this information helpful and that it gets you off to a good start. Feel free to sign into my site. When you do you will find an area to leave a message. Go ahead and explain that you are future planning and do not wish to be contacted. We will honor your wishes and allow you to search freely and undisturbed. When you are ready to purchase let us know, it will be our pleasure to assist you when you are ready. In the meantime, if you have any further questions do not hesitate to contact me. Warmest Regards, Laurie Manny
Long Beach Realtor
(562) 212-5420 Posted on August 13, 2009 05:15:39 by Laurie Manny
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I am a student who just graduated from college and will be entering the
work force within a few short weeks. It has always been my dream to own
a home near the ocean and so I have been researching costs and
locations to prepare for that day when I make that investment. I've
always loved Newport Beach and hope that one day that will be the city
I dwell in.To begin your search for the perfect home or to sell your home in the Long Beach area, begin your journey by calling Laurie Manny at (562) 212-5420.
