New Listing in So. Redondo coming soon

Located in South Redondo Beach. It will go on the MLS on Monday, September 28th. Very nice two on a lot, rear unit. Convenient to shopping and ocean.

Good News: Possible Tax Credit Extension

Bills to extend the maximum $8,000 tax credit for first-time home buyers, which expires Nov. 30, are pending in both the U.S. House and the Senate.
Sen. Christopher J. Dodd, a Connecticut Democrat and chairman of the Senate Banking, Housing, and Urban Affairs Committee, is co-sponsor of a bill with Georgia Republican Sen. Johnny Isakson that [...]

Beat The Tax Credit Deadline

http://www.realtor.org/RMODaily.nsf/pages/News2009081701?OpenDocument
Time is running out for first time buyers to take advantage of the $8,000  Tax Credit.
See link.

WSJ – Fed Suggests Economy Is Stabilizing

Fed Suggests Economy Is Stabilizing.
U.S. Federal Reserve officials on Wednesday left official interest rates near zero but suggested the economy is on more stable ground, more confirmation that the severe recession is either already over or will be very soon.
Information received since policy makers met in June “suggests that economic activity is leveling out,” they [...]

This is the Townhome you have been looking for in North Redondo!

SOLD
This is a big, 2931 sq.ft townhome with 3 BR, 3.5 Bath, Loft for only $725,000. 
(Note: The 4th Bedroom was converted to a master bedroom closet and could be converted back)

My Most Recent Sale…

I represented the buyer in this transaction that closed Feb. 13th, 2009.
Call me to help you buy or sell too. Jack McSweeney/ REMAX Palos Verdes Realty / 310 346-0391

Stimulus in regards to Housing

The legislation resets the conforming loan limit cap at $729,750, up from $625,500. Numerous counties in California experienced a marked decrease in their conforming loan and FHA limits on Jan. 1, and the stimulus bill reinstates 2008 loan limits through Dec. 31, 2009.
The bill also increases the first-time home buyer credit from $7,500 to $8,000, [...]

Watch out for this Scam.

PROPERTY TAX REDUCTION SCAM ALERT
The Los Angeles County Assessor’s office is alerting homeowners that various private companies are sending mailings to property owners offering their services to pursue a reduction in the owner’s property taxes. The companies may charge hundreds of dollars to file for a reduction in value on behalf of the property owner. [...]

Real Estate Stats 12/23/08

Redondo Beach is divided into 2 area’s as far as real estate is concerned. You have South Redondo which is then subdivided into 3 more sections and North Redondo Beach which is subdivided into 4 more sections.
South Redondo Beach includes area’s 155 (North of Torrance Blvd), 156 (South of Torrance Blvd.) and 157 (South of PCH). There [...]

Redondo Beach is proposing oversized vehicle ordinance.

Redondo Beach seems to be following the lead of Torrance and trying to come up with an ordinance to get Recreational vehicles, trailers and campers off the city streets.
Of course eveybody who owns one will be against it, naturally. Those of you that don’t own them will be all for a strict ordinance of some [...]