New Home Sales Stage Impressive Rebound in June

Dramatically recovering from May’s record lows, new home sales surged in June, bringing the inventory of homes on the market to a 42-year low.

June figures were contrasted by downward revisions to April and May sales estimates, tempering perceptions of second quarter economic growth and substantiating concerns of a persistent weak housing market.

The percentage increase in new home sales in June was the largest seen since May 1980, and rivaled that year’s memorable 36.7 percent drop spurred as by a wildly popular tax credit that bolstered sales.

June’s impressive surge in sales saw the supply of new homes on the market plummet from 9.6 months’ worth in May to 7.6 months’ worth. Reaching their lowest levels since the third quarter of 1968, the number of new homes on the market fell 1.4 percent to 210,000 homes.

Despite June’s undoubtedly positive growth, analysts cautioned that an importunate high jobless rate threatens to stall a return to a healthy housing market.

Rancho Palos Verdes Real Estate Market Report

While a certain bellwether, new home sales make up only a fraction to the total U.S. housing market. Analysts polled last month forecasted nearly a 7 percent uptick in new home sales, predicting sales of 320,000 homes in June up from May numbers of 300,000 homes.

At the same time that new homes sales rebounded, sales of existing homes hit three month lows.
The housing report came on the heels of an announcement by FedEx Corp. that the logistics and package delivery giant had upgraded its quarterly and annual earnings forecasts, together sparking a rally on Wall Street. FedEx also said that air and ground package deliveries were up, signaling positive overall economic growth.

All three major U.S. stocked indexes staged a 1 percent rally, each gaining 1 percent on the day. The Nasdaq, already narrowly in positive territory for the year, closed at 1.2 percent up for the year. The Standard & Poor’s 500 closed just shy of breaking even for the year, while the Dow Jones industrial average has also regained positive ground.
While all signs signal a relative lull in the U.S. economy’s recovery from the most extended and far reaching recession since the 1930s, economists do not anticipate a double-dip recession.

Numbers set to be released this week are expected to show a slow in gross domestic product growth, with a growth rate 2.5 percent in the second quarter of this year, down from a growth rate of 2.7 percent in the year’s first quarter.

Manufacturing, regarded as a principal engine of growth, continued its decline into July. A weak housing market is expected to continue to hamper growth through much of the remainder of the year, but the housing sector is not expected to trigger a renewed downturn.

About the Author:
Eric Bramlett is the broker & co-owner of One Source Realty, a boutique Austin real estate brokerage. Eric currently manages his agents, and works with select buyers & sellers. Eric manages a Austin condo website, and specializes in Steiner Ranch Homes for Sale. Eric has worked in central & west Austin for 7+ years, and is considered an expert in online marketing.

A Quick Guide to Hiring the Right Mover

By Daniel Taft, contributor

Rancho Palos Verdes Moving Company

Finding and purchasing the home that meets all of your requirements and specifications is a fantastic feeling, one that is matched only by the excitement of moving, but it can also bring about a lot of stress. With a whole list of things to do during the moving process, you could be forgiven for cutting some corners but an element that should never be taken lightly is the choice of mover. You need to find the right moving company for you and one you feel comfortable with because you need to be able to trust them with your possessions. You also need to be able to trust that your belongings will get to your new home in one piece. As such, you need to consider several points and factors. Five of them are outlined below for your consideration.

Ask Your Broker or Agent for a Recommendation
As they are in the business of moving, real estate agents and brokers have seen it all and are also able to recount various stories and experiences as told by previous clients. As such, they are well placed to make recommendations on companies that can be trusted to move you as well as providing you with excellent knowledge and ideas about local companies should you need it.

The License, Experience and Insurance
No matter which mover you ultimately choose to go with, it should have all of the above three elements in place. Recommendations count for nothing if your belongings are not insured by the mover. In addition movers must have the licenses that are required by law to even do the job. Although they do not need experience, it is recommended that they have it for your own peace of mind.

Research, Research, Research
Researching the moving companies that you consider to move your possessions when you are moving house is an absolute must. You should thoroughly check that each one is legitimate, ensure that they have plenty of past clients that are happy and are respected in the industry. Although there are not many around, falling victim to a scam is not the best way to start moving day. The Internet and real estate agents are valuable resources for this point.

Contact Your Mover
No matter which mover you choose, it is important to speak to them before moving day. First impressions count and they should be able to impress you with a friendly but professional service. They should offer you guidance, advice and maybe even different packages but above all else they should offer peace of mind.

Considering Your Budget
This point ties in with the previous one. You need to speak with the mover to clarify any extra charges they levy during the move, what is included in the service and how much it is likely to cost overall. Make sure that you have everything agreed in writing and have read the small print before signing it.

As you can see, there really is nothing to hiring the right moving company when you know how. These five points will stand you in good stead and will eliminate the stress of the decision. Choosing a good mover will further reduce that stress, enhance your peace of mind and make your moving day run as smoothly as possible so take your time and make the decision that you feel comfortable with.

About our special contributor:
Dylan Taft is an experienced Hudson Valley real estate professional working in home sales and purchases. Visit Dylan’s professionally optimized website for more information on property taxes, and details on the Ulster County real estate area.

At long last new information on this Website! Today I finally got around to recording a new video of our new home search software available – for free – to you, dear online home-hunter! In the video I create a search for Rancho Palos Verdes Homes. But the same goes for any city you wish. Enjoy and hopefully you will see many more in the coming months.

Ryan

P.S. Enjoy another featured article by local Palos Verdes students!

When you want to find real estate you will know that you might need to know some ways to locate the information that you want. However, your going to find that it can be challenging to find Rancho Palos Verdes for sale if you do not know the ways that you can find this information at.

One method that you can use will be to conduct your own research by harnessing the far reaching power of the search engines. By using them you could find that you will be able to locate a great home on your own, but you might be able to find out information about the area you are looking at moving to.

Real estate agents can be a great resource to use as well since they will know about all the homes that are for sale in the area. Then you can see the homes that you might not even know about or could be going onto the market soon, but have not made it to it yet.

If you have any friends that live near here you might want to talk to them and tell them what you are looking for. By doing that they could keep there eyes open for you on any homes near them that are coming up for sale soon.

You could also browse through the newspaper to look for places that are for sale. The newspaper is a great place to look for people that are selling the home by owner. By looking here you could find that some of them will be listed here and you could get the home of your dreams by reading the ads.

When you want to buy a new house know the ways that are available to help you find the home that you dream of. Once you know of those ways you can find it much easier to locate the Rancho Palos Verdes for sale home that you have been dreaming of for years.

Rancho Palos Verdes for sale notices list residences that are the latest in convenience. Put your family in one of the attractive and stylish Rancho Palos Verdes homes and you will have a home you can be proud of.

Unreal Redondo Beach prices

I’m dreaming. No I’m not dreaming. Yes I am. No I am not.

3508 Rindge, Redondo Beach, CA is priced to move at $450,000! Lot is R3.

Interested but not ready to make your move? Well then this property is NOT for you, my good friend. This sucker is gone.

Call me this very moment and we will negotiate so hard on your behalf the seller may cry like a little girl. (Phone number on the right).

Here is my data dump:

We're sorry, but we couldn't find MLS # S10023107 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Real estate tip:

A mere 11-days on the market 1807 Carnegie Lane 1, Redondo Beach, CA 90278 is pummeled by no less than 7 super eager buyers.

Intrigued and encouraged by the completely reasonable list price of $399.000? Too bad, so sad. Insiders say this puppy is already pushing $425,000. Don’t expect this baby to close escrow for too much less than $450,000 (IMHO). Of course, that should just push it to the brink of appraised value. Sorry Mr. Real Estate Appraiser. Sucks to be you.

For more info and to jump into the fray yourself call me this very minute!

Here is my data dump on the home in question!

We're sorry, but we couldn't find MLS # S10017660 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Insider tip!

Remember that sweet 2nd St Hermosa Beach Ocean-view home for under $950K? Word is that escrow has crashed and burned and burned some more.

Keep your eyes peeled for the reemergence of this listing at the refreshing price of under $900K. (That’s after nearly 200 days of price pummeling from buyers – resulting in a list price drop of almost $300-thousand bucks). Oh my gawd! Imagine the owner’s pain?!? Better keep her away from sharp objects.

Interested in inflicting some more misery on these (or other) homeowners? Give me a call. My number is can be found in the top right sidebar.

Ryan Rockwood

We're sorry, but we couldn't find MLS # S10021525 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Word on the street (specifically Monterey Ave) is sellers are no longer enjoying the glorious process of selling the family home in a lousy housing market.

Interested in putting them out of their misery? Call me and buy their house this very minute! Be a House-manitarian.

Here’s the info. Should go for $1.4 tops.

We're sorry, but we couldn't find MLS # S10001911 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Why don’t I live in Hermosa Beach? Why don’t I go there more often?

Who knows, but looking at the the pics of this house it’s a mistake. Here is an interesting multi-media tour. The whole thing is a little busy for my taste. But if you are in the market presumably you are willing to overcome the 30 second learning curve (including 5-seconds to figure out how to turn off the music. Hint: upper right!).

This tour has all kind of semi-confusing (but cool) features. If you click on a camera icon on the floorplan you get a photo from that perspective.

Lovely home, huh? Sure, it’ll set you back a few bucks. But if you’re shopping in this price range you’ll appreciate the sqft, view and location.

Interactive FloorPlan Presentation

And for those that prefer a more classical data display, check out my my data dump on the same property, below.

We're sorry, but we couldn't find MLS # S10017794 in our database. This property may be a new listing or possibly taken off the market. Please check back again.