Friday, October 29, 2010

Palos Verdes Palm Tree Sunset

   

 

Another Glorious Palos Verdes Sunset brought to you by PV Brokers Residential Real Estate and the PV Brokers Live CAM !

 

 

 

 

 

 

                                 Bart Cleveland
                                       Broker
                      Registered Investment Advisor
                                310.872.0778  cell 
                                310.684.3156  office       

 

              

                Where Integrity Meets Experience tm
                              www.pvbrokers.net
                        www.palosverdesrealtors.net
                           www.pvbrokerscam.com

Thursday, October 28, 2010

Palos Verdes Sunset

In case you missed it, here are a couple of photos taken from the LIVE PV Brokers Cam !  You can view it live every night at www.pvbrokerscam.com.  We will update with whale information and other exciting events off the coast of Palos Verdes.  Stay tuned !!
 
 

 

 

 

 

 

 

 

                                 Bart Cleveland
                                       Broker
                      Registered Investment Advisor
                                310.872.0778  cell 
                                310.684.3156  office       

 

              

                Where Integrity Meets Experience tm
                              www.pvbrokers.net
                        www.palosverdesrealtors.net
                           www.pvbrokerscam.com

Live Sunset

    Spectacular Live Sunset at http://www.pvbrokerscam.com !!

 

 

 

 

 

 

                                 Bart Cleveland
                                       Broker
                      Registered Investment Advisor
                                310.872.0778  cell 
                                310.684.3156  office       

 

              

                Where Integrity Meets Experience tm
                              www.pvbrokers.net
                        www.palosverdesrealtors.net
                           www.pvbrokerscam.com

Wednesday, October 27, 2010

Real Estate Home Sales Survey

 

One Government Agency Says Up, While an Independent Agency Says Down

Who Do You Believe? Or Are Both Somehow Right?

Fred Yager
ConsumerAffairs.com

October 27, 2010

 Mortgage Crisis? Act Now to Avoid Foreclosure

Talk about confusion in the housing market. Standard & Poor's/Case Shiller monthly survey of 20 major housing markets came out today showing that home prices continued to fall in August, posting their first decline in five months. It was only a few minutes earlier that the Federal Housing Finance Agency had released its report on how home prices rose in August a mere 0.4%, indicating an improving but still weak housing market.

Now, who's right? Case Shiller or the federal government? Would you believe both?

How can that be you ask? Well, read carefully because when it comes to data like this, sometimes the numbers get lost in the weeds, or in the weed-like equivalent of what's known as "seasonal adjusted-basis." That's government speak for we got it wrong the first time and need to fix it.

As for the government's data on home prices in August, they rose 0.4% on a seasonally adjusted basis from July's revised figure, according to the Federal Housing Finance Agency's home price index.

Still confused? Not to worry. Here comes Standard & Poor and Case-Shiller to explain it all. According to them, home prices continued to lose steam in August, falling by 0.2% percent from the previous month. But then they say that more significantly, the annual rate of change, considered a more reliable indicator of ongoing trends, continued to shrink, with August home prices actually showing only a 1.7% increase from one year before.

Get it? No. How about this then? The annual rate of change has been cooling off over the past three months, ever since the 20-city index peaked in May at a 4.6 percent annual rate of growth. Increases or reductions in the S&P indices' annual rate of growth often signal changes in momentum in the housing market.   

Still baffled? The S&P Index shows home prices declining in August in 15 of the 20 cities as compared to July. This decline ended a string of monthly increases, according to the S&P Case-Shiller home-price indexes, as effects from the expiration of a government tax credit continued to wear off.

Prices had been climbing since April, boosted by the expiration of the government's first-time home-buyer tax credit that lured waves of people to purchase homes before it expired. Growth had slowed in recent months as its effects waned. Before prices had started rising, they had fallen sequentially for six straight months.

Recent data suggest a standoff between home buyers and sellers may be easing slightly, as the annual rate of sales of previously owned homes climbed 10% in September from a month earlier, according to data released Monday by the National Association of Realtors.

 Then come the government figures to muck everything up. The Federal Housing Finance Agency's (FHFA) home price index showed home prices in August rose 0.4% on a seasonally adjusted basis from July's revised figure. Here's where it really gets tricky. See, index had fallen the previous two months following the expiration of a tax credit for first-time home buyers at the end of April. The government's data showed prices month-on-month rose in five of nine regions, with the strongest performance in Oklahoma, Arkansas, Texas, and Louisiana.

Here's where the difference in these two reports becomes more understanding. The FHFA's index is calculated by using the prices of houses purchased with mortgages backed by Fannie Mae and Freddie Mac. The S&P Case-Shiller home-price index of 20-cities looked at all home values in those 20 cities not just those bought with help from Freddie and Fannie.

Now, if only they had told us this in the beginning we wouldn't have been so confused.

Read more: http://www.consumeraffairs.com/news04/2010/10/one-government-agency-says-up-while-an-independent-agency-says-down.html#ixzz13aZY8MnD

 

 

 

 

 

 

 

                                 Bart Cleveland
                                       Broker
                      Registered Investment Advisor
                                310.872.0778  cell 
                                310.684.3156  office       

 

              

                Where Integrity Meets Experience tm
                              www.pvbrokers.net
                        www.palosverdesrealtors.net
                           www.pvbrokerscam.com

Friday, October 22, 2010

PV Brokers Palos Verdes Real Estate

Chosen Best Palos Verdes Real Estate Agent Realtors

 

Market Comment

There are many cross currents in the Palos Verdes Real Estate Market.  It is important that your real estate AGENT keep up with the volatile mortgage market.

Mortgage bond prices ended the week higher pushing mortgage interest rates lower. We had a week of very mixed data. Industrial production data was weaker than expected which was generally bond friendly to start the week. Stronger than expected housing starts data Tuesday was not what the bond market was looking for but the reaction was muted. Significant stock weakness Wednesday helped mortgage bonds finish the day in positive territory. This was followed by lower than expected weekly jobless claims Thursday. Fortunately mortgage bonds were positive overall for the week. Rates finished the week generally about 1/4 of a discount point lower.

The Treasury auctions will be carefully watched this week. If foreign demand remains solid rates should hold steady.

Forecast

Economic
Indicator

Release
Date & Time

Consensus
Estimate


Analysis

Existing Home Sales

Monday, Oct. 25,
10:00 am, et

4.23m

Low importance. An indication of mortgage credit demand. Significant weakness may lead to lower rates.

Consumer Confidence

Tuesday, Oct. 26,
10:00 am, et

50

Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.

2-year Treasury Note Auction

Tuesday, Oct. 26,
1:15 pm, et

None

Important. $35 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.

Durable Goods Orders

Wednesday, Oct. 27,
8:30 am, et

Up 0.8%

Important. An indication of the demand for "big ticket" items. Weakness may lead to lower rates.

New Home Sales

Wednesday, Oct. 27,
10:00 am, et

300k

Important. An indication of economic strength and credit demand. Weakness may lead to lower rates.

5-year Treasury Note Auction

Wednesday, Oct. 27,
1:15 pm, et

None

Important. $35 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.

Q3 Advanced GDP

Thursday, Oct. 28,
8:30 am, et

Up 2.4%

Very important. The aggregate measure of US economic production. Weakness may lead to lower rates.

7-year Treasury Note Auction

Thursday, Oct. 28,
1:15 pm, et

None

Important. $29 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.

Q3 Employment Cost Index

Friday, Oct. 29,
8:30 am, et

Up 0.5%

Very important. A measure of wage inflation. Weakness may lead to lower rates.

U of Michigan Consumer Sentiment

Friday, Oct. 29,
10:00 am, et

68.5

Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.

Employment Cost Index

The employment cost index is a quarterly report issued by the Department of Labor. The report measures the growth of wages, salaries, and benefits costs over a certain period of time. Though ECI figures are usually weeks old, the data remains the best indicator of employment price pressures considering it factors employees' total compensation.

If wage pressures become evident, higher expectations of inflation also tend to arise. However, increasing compensation does not necessarily lead to increased inflationary pressures. Oftentimes, increased productivity enables employers to increase compensation without increasing the costs of their goods or services. Be cautious heading into this release.


Copyright 2010. All Rights Reserved. Mortgage Market Information Services, Inc.

www.ratelink.com The information contained herein is believed to be accurate, however no representation or warranties are written or implied.

 

PV Brokers Residential Real Estate Mortgage Update

Picked Best Palos Verdes  Realtors  Agents Palos Verdes Residential Brokers      

 

http://www.pvbrokers.net

Market Comment

Mortgage bond prices ended the week higher pushing mortgage interest rates lower. We had a week of very mixed data. Industrial production data was weaker than expected which was generally bond friendly to start the week. Stronger than expected housing starts data Tuesday was not what the bond market was looking for but the reaction was muted. Significant stock weakness Wednesday helped mortgage bonds finish the day in positive territory. This was followed by lower than expected weekly jobless claims Thursday. Fortunately mortgage bonds were positive overall for the week. Rates finished the week generally about 1/4 of a discount point lower.

The Treasury auctions will be carefully watched this week. If foreign demand remains solid rates should hold steady.

LOOKING AHEAD

Economic
Indicator

Release
Date & Time

Consensus
Estimate


Analysis

Existing Home Sales

Monday, Oct. 25,
10:00 am, et

4.23m

Low importance. An indication of mortgage credit demand. Significant weakness may lead to lower rates.

Consumer Confidence

Tuesday, Oct. 26,
10:00 am, et

50

Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.

2-year Treasury Note Auction

Tuesday, Oct. 26,
1:15 pm, et

None

Important. $35 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.

Durable Goods Orders

Wednesday, Oct. 27,
8:30 am, et

Up 0.8%

Important. An indication of the demand for "big ticket" items. Weakness may lead to lower rates.

New Home Sales

Wednesday, Oct. 27,
10:00 am, et

300k

Important. An indication of economic strength and credit demand. Weakness may lead to lower rates.

5-year Treasury Note Auction

Wednesday, Oct. 27,
1:15 pm, et

None

Important. $35 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.

Q3 Advanced GDP

Thursday, Oct. 28,
8:30 am, et

Up 2.4%

Very important. The aggregate measure of US economic production. Weakness may lead to lower rates.

7-year Treasury Note Auction

Thursday, Oct. 28,
1:15 pm, et

None

Important. $29 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.

Q3 Employment Cost Index

Friday, Oct. 29,
8:30 am, et

Up 0.5%

Very important. A measure of wage inflation. Weakness may lead to lower rates.

U of Michigan Consumer Sentiment

Friday, Oct. 29,
10:00 am, et

68.5

Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.

Employment Cost Index

The employment cost index is a quarterly report issued by the Department of Labor. The report measures the growth of wages, salaries, and benefits costs over a certain period of time. Though ECI figures are usually weeks old, the data remains the best indicator of employment price pressures considering it factors employees' total compensation.

If wage pressures become evident, higher expectations of inflation also tend to arise. However, increasing compensation does not necessarily lead to increased inflationary pressures. Oftentimes, increased productivity enables employers to increase compensation without increasing the costs of their goods or services. Be cautious heading into this release.


Copyright 2010. All Rights Reserved. Mortgage Market Information Services, Inc.

www.ratelink.com The information contained herein is believed to be accurate, however no representation or warranties are written or implied

 

 

 

 

 

 

                                 Bart Cleveland
                                       Broker
                      Registered Investment Advisor
                                310.872.0778  cell 
                                310.684.3156  office       

 

              

                Where Integrity Meets Experience tm
                              www.pvbrokers.net
                        www.palosverdesrealtors.net
                           www.pvbrokerscam.com

Thursday, October 21, 2010

PV Brokers Palos Verdes Residential Real Estate Local Forecast

 

PV Brokers Real Estate: Your local forecast

By 2012, the national median home price is expected to rise by about 4%. Check the predictions for your city.
1. Select your state:
2. Select your city/market:
Los Angeles-Long Beach-Glendale, CA
SEE ANOTHER MARKET
Forecast change: first quarter, 2010 – first quarter, 2011
-8.1%
Forecast change: first quarter, 2011 – first quarter, 2012
+7.5%

Market fundamentals
Median Family Income
(2008)
$59,800
Median Home Price
(Third quarter 2009)
$335,000
Change in Home Prices
(From third quarter 2008 thru third quarter 2009)
-6.6%
Worst 1-Year Home Price Change
(1980-2009)
-26.9%
(Third quarter 2008)
Source: FiServ

 

 

 

 

 

 

 

                                 Bart Cleveland
                                       Broker
                      Registered Investment Advisor
                                310.872.0778  cell 
                                310.684.3156  office       

 

              

                Where Integrity Meets Experience tm
                              www.pvbrokers.net
                        www.palosverdesrealtors.net
                           www.pvbrokerscam.com

Tuesday, October 19, 2010

PV Brokers Residential Real Estate

Palos Verdes Web Cam Is Up And Running  !!

 
PV Brokers has established a live web cam on our website to capture the scenic views of the Palos Verdes Peninsula.  You can tie into out Twitter and Facebook pages to receive updates.  Updates will include the spectacular Palos Verdes sunsets,as well as, whale sightings and many other unique views of the Palos Verdes coastline.  Please visit our camera website at www.pvbrokerscam.com or our main website at www.pvbrokers.net .  You can always give us a call any time at (310)684-3156 for any of your Real Estate needs. We are very excited about showing our customers and friends live footage of beautiful Palos Verdes.

                                 Bart Cleveland
                                       Broker
                      Registered Investment Advisor
                                310.872.0778  cell 
                                310.684.3156  office       

              

                Where Integrity Meets Experience tm
                              www.pvbrokers.net
                        www.palosverdesrealtors.net
                           www.pvbrokerscam.com

Silver Spur Family Night-PV Brokers Residential Real Estate

The Silver Spur Family Night was a great success.  It was very well organized with great food and fantastic movie choice.  PV Brokers was honored to be a part of this great event.

                                   Bart Cleveland
                                         Broker
                          Registered Investment Advisor
                                  310.872.0778  cell 
                                  310.684.3156  office       

              

                Where Integrity Meets Experience tm

                                  DRE #01858787

Palos Verdes Estates Market Data

Market Data

At [b]PV Brokers Residential Real Estate[/b], we can provide you with accurate market data as well as a highly personalized home buying experience.  Below is some market data for [b]Palos Verdes[/b] Estates.  As you can see, there have been declining home sales after the May Government Tax credits expired.  We expect to see a rebound in home sales in the coming months as inventory has grown.  New bank loan programs appear to be coming on line which may help to spurn home sales.  Please give us a call at 310 684-3156 for any real estate concerns or visit our website at http://www.pvbrokers.net.

                                   Bart Cleveland
                                         Broker
                          Registered Investment Advisor
                                  310.872.0778  cell 
                                  310.684.3156  office       

              

                Where Integrity Meets Experience tm

                                  DRE #01858787

PV Brokers Residential Real Estate

Silver Spur Fall Fundraiser

PV Brokers Residential Real Estate will be a sponsor at the Silver Spur Fall Fundraiser on Nov. 5th at Trump International.  PV Brokers Realtor, Cathy Cleveland, is a Co-Chair for the silent auction.  We are looking forward to participating in this annual event which always has a great impact on the school and its students.

Picked Best Palos Verdes Real Estate Realtors Palos Verdes Residential Brokers

                                   Bart Cleveland
                                         Broker
                          Registered Investment Advisor
                                  310.872.0778  cell 
                                  310.684.3156  office       

              

                Where Integrity Meets Experience tm

                                  DRE #01858787

Picked Best Palos Verdes Real Estate Realtors Palos Verdes Residential Brokers

PV Brokers Residential Real Estate

Picked Best Palos Verdes Real Estate Realtors Palos Verdes Residential Brokers !!  Give us a call at 310 684-3156 or visit our website at www.pvbrokers.net  !!

                                   Bart Cleveland
                                         Broker
                          Registered Investment Advisor
                                  310.872.0778  cell 
                                  310.684.3156  office       

              

                Where Integrity Meets Experience tm

                                  DRE #01858787

Silver Spur School Family Social

PV Brokers Residential Real Estate will be a sponsor for the Silver Spur Elementary Family Social Event and will provide bottled water to all guests  The event is this friday and we hope to have a large turnout to support the children.  Should be fun !

                             Bart Cleveland
                                   Broker
                    Registered Investment Advisor
                            310.872.0778  cell 
                            310.684.3156  office       
            
                        Residential Real Estate 

            Where Integrity Meets Experience tm

                              DRE #01858787

Monday, October 18, 2010

PV Brokers Market News

PV Brokers Residential Real Estate -- Market Forecast  

NEWS RELEASE: A Recent Study by Deutsche Bank shows nearly half of all US Home Owners will be underwater by 2011 and it could be 2020 or beyond before the housing market turns up. Contrary to some Government statements, the housing recession is far from over. Hundreds of Thousands of agents who have seen the conventional market dissipate and are thinking a recovery is around the bend, should think again. Many have turned their focus to Distress Sales (REO's, short sales, etc.) but are running into fierce competition in securing and selling listings. At the same time, asset managers and loss mitigators for lending institutions are becoming more and more hard-pressed to find enough qualified agents to provide them with what they need to approve short sales as well as list and sell their REO's.

 
At PV Brokers, our approach to real estate sales and marketing begins with integrity and experience. These founding principles ensure that our clients receive ethical, personalized attention from our knowledgeable representatives. We strongly believe in long-term relationships with our clients resulting in a fair and enjoyable home buying experience. We understand the emotion and importance attached to the purchase of your new home. As such, we carefully listen to the needs of our clients and only then apply our expertise and experience to meet their expectations. At all times, we operate with the utmost integrity and professionalism, remembering that our practice is client-centered and client-driven. Simply, at PV Brokers, we listen.
 

 

 

 

 

 

 

                                 Bart Cleveland
                                       Broker
                      Registered Investment Advisor
                                310.872.0778  cell 
                                310.684.3156  office       

 

              

                Where Integrity Meets Experience tm
                              www.pvbrokers.net
                        www.palosverdesrealtors.net
                           www.pvbrokerscam.com

PV Brokers Market News

PV Brokers Residential Real Estate -- Market Forecast  

NEWS RELEASE: A Recent Study by Deutsche Bank shows nearly half of all US Home Owners will be underwater by 2011 and it could be 2020 or beyond before the housing market turns up. Contrary to some Government statements, the housing recession is far from over. Hundreds of Thousands of agents who have seen the conventional market dissipate and are thinking a recovery is around the bend, should think again. Many have turned their focus to Distress Sales (REO's, short sales, etc.) but are running into fierce competition in securing and selling listings. At the same time, asset managers and loss mitigators for lending institutions are becoming more and more hard-pressed to find enough qualified agents to provide them with what they need to approve short sales as well as list and sell their REO's.

 
At PV Brokers, our approach to real estate sales and marketing begins with integrity and experience. These founding principles ensure that our clients receive ethical, personalized attention from our knowledgeable representatives. We strongly believe in long-term relationships with our clients resulting in a fair and enjoyable home buying experience. We understand the emotion and importance attached to the purchase of your new home. As such, we carefully listen to the needs of our clients and only then apply our expertise and experience to meet their expectations. At all times, we operate with the utmost integrity and professionalism, remembering that our practice is client-centered and client-driven. Simply, at PV Brokers, we listen.
 

 

 

 

 

 

 

                                 Bart Cleveland
                                       Broker
                      Registered Investment Advisor
                                310.872.0778  cell 
                                310.684.3156  office       

 

              

                Where Integrity Meets Experience tm
                              www.pvbrokers.net
                        www.palosverdesrealtors.net
                           www.pvbrokerscam.com

Monday, October 11, 2010

Picked Best Palos Verdes Real Estate Realtors Palos Verdes Residential Brokers

 
Picked Best Palos Verdes Real Estate Realtors Palos Verdes Residential Brokers Picked Best Palos Verdes Real Estate Realtors Palos Verdes Residential Brokers Picked Best Palos Verdes Real Estate Realtors Palos Verdes Residential Brokers

You and the Seller Must Agree

Buying a home does not occur in a vacuum, involving only you and the seller. There are all kinds of people and services involved behind the scenes to make it happen. Since some of these services affect both you and the seller, there will have to be be agreement on which companies you will use for them.  When you make your offer, you should request your favorites for these services.  If you are unfamiliar with these service providers, you can get recommendations from your agent.

Escrow and Settlement

For example, you are going to need an escrow or settlement company to act as an "independent third party" between you and the seller. Without having a third party involved, how do you know that when you fork over the money, you are going to get the deed? This is the type of service provided by escrow and settlement. They will hold your deposit and coordinate much of the activity that goes on during the escrow period.
Since this third party is very important to both you and the seller and both of you will pay fees to this company, it is important to agree on which service to use. Therefore, your choice should be part of the offer. Since you do not buy a home every other week or so, you are probably unfamiliar with companies that provide this service. Your agent will make a recommendation. You have the authority to accept this recommendation and include it in your offer, or make your own choice.
Keep in mind that the seller will also have a preference and this may be a point of negotiation in a counter-offer. It has become customary that one side will choose the escrow/settlement agent and one side chooses the title insurance company. Even so, everything in real estate is negotiable.

 

 

 

 

 

 

                                 Bart Cleveland
                                       Broker
                      Registered Investment Advisor
                                310.872.0778  cell 
                                310.684.3156  office       

 

              

                Where Integrity Meets Experience tm
                              www.pvbrokers.net
                        www.palosverdesrealtors.net
                           www.pvbrokerscam.com

Thursday, October 7, 2010

School Charity Event

<a href="http://rss.icerocket.com/xmlfeed?id=108784"><img src=" " height="14" width="36" /></a>
 
The Silver Spur School Fall Fundraiser is fast approaching.  PV Brokers Residential Real Estate will be donating several items for the live and sient auctions.  Donations will include sports tickets and memorabilia.  We very much look forward to this event on November 5th at Trump International.

 

 

 

 

 

 

 

                                 Bart Cleveland
                                       Broker
                      Registered Investment Advisor
                                310.872.0778  cell 
                                310.684.3156  office       

 

              

                Where Integrity Meets Experience tm
                              www.pvbrokers.net
                        www.palosverdesrealtors.net
                           www.pvbrokerscam.com

PV Brokers Residential Real Estate

 

Palos Verdes Web Cam Is Up And Running  !!

 
PV Brokers has established a live web cam on our website to capture the scenic views of the Palos Verdes Peninsula.  You can tie into out Twitter and Facebook pages to receive updates.  Updates will include the spectacular Palos Verdes sunsets,as well as, whale sightings and many other unique views of the Palos Verdes coastline.  Please visit our camera website at www.pvbrokerscam.com or our main website at www.pvbrokers.net .  You can always give us a call any time at (310)684-3156 for any of your Real Estate needs. We are very excited about showing our customers and friends live footage of beautiful Palos Verdes.

 

 

 

                                 Bart Cleveland
                                       Broker
                      Registered Investment Advisor
                                310.872.0778  cell 
                                310.684.3156  office       

 

              

                Where Integrity Meets Experience tm
                              www.pvbrokers.net
                        www.palosverdesrealtors.net
                           www.pvbrokerscam.com