Rent vs. Buy! Great Report

Great article regarding renting vs buying!

The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

The updated numbers actually show that the range is an average of 3.5% less expensive in San Jose (CA), all the way up to 50.1% less expensive in Baton Rouge (LA), and 33.1% nationwide!

Other interesting findings in the report include:

  • Interest rates have remained low and, even though home prices have appreciated around the country, they haven’t greatly outpaced rental appreciation.
  • With rents & home values moving in tandem, shifts in the ‘rent vs. buy’ decision are largely driven by changes in mortgage interest rates.
  • Nationally, rates would have to reach 9.1%, a 128% increase over today’s average of 4.0%, for renting to be cheaper than buying. Rates haven’t been that high since January of 1995, according to Freddie Mac.

Bottom Line

Buying a home makes sense socially and financially. If you are one of the many renters out there who would like to evaluate your ability to buy this year, meet with a local real estate professional who can help you find your dream home.


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https://www.keepingcurrentmatters.com/2017/06/19/buying-is-now-33-1-cheaper-than-renting-in-the-us/

SOLD! ANOTHER BEAUTY IN PALOS VERDES!

SOLD!

28320 Ella Road, Rancho Palos Verdes, CA

Listed at $1,395,000

Located at the end of a quiet cul-de-sac in the desirable Los Verdes area, this one of a kind split level home welcomes you with soaring ceilings and a wall of glass opening to the beautiful pool, spa, waterfall and outdoor living area perfect for families and entertaining. The kitchen is large enough to accommodate a table for 6 plus an island with Thermador stove top and double convection oven. Off of the kitchen is a huge family room with a wall of built ins. The lofted roof in the spacious top floor master suite greets the sun through the wall of windows with plantation shutters, peek- a- boo ocean views, and the spacious master bathroom with separate Jacuzzi tub, shower, double sinks, vanity area and walk-in closet. The lower level has 3 bedrooms and a full bath with the 3rd largest bedroom boasting French doors and windows opening to a separate private patio with pergola and entertainment area.

http://matrix.crmls.org/Matrix/Public/Portal.aspx?k=3378048XNCG5&p=DE-375360923-132#1

 

 

 

SOLD! Another Happy Client in Palos Verdes!

soldpurple

Meticulously maintained and wonderfully upgraded pool home in the desirable Los Verdes Neighborhood of Rancho Palos Verdes. After entering the beautiful, solid wood front door, you’re greeted with heated stone flooring in the hall and bathrooms. Bathrooms have been upgraded with beautiful stone, and solid wood cabinets with self-closing drawers. The kitchen is nice sized with a huge pantry, breakfast bar, 5 burner stove, double oven and opens to the dining room. Other upgrades include updated windows and sliding door, air conditioning, gutters, shutters, new carpet, and built-ins in the bedrooms and garage. The back yard has extensive stonework, a pristine pool and spa that can be controlled automatically from your phone, and a built-in BBQ and stove to prepare your meals that you can enjoy on the dining area taking in the wonderful ocean view.

http://matrix.crmls.org/Matrix/Public/Portal.aspx?k=3378048XNCG5&p=DE-355731786-991#1

BEAUTY IN LUNADA BAY SOLD!

ANOTHER WONDERFUL LISTING SOLD!!

OFFERED AT $1,515,000. SOLD AT $1,520,000!

 

sold-avenida-mirola

Great Yard

In one of the most sought after areas in Palos Verdes, this 3 bedroom 3 bath Cape Cod Ranch home has an ample set back for privacy. It features an open floorplan with soaring white washed plank wood ceilings, a formal living room with beautiful fireplace and solid hardwoods, family room with slate tile inlay floor with 3 sets of glass sliders leading to the large deck, spa and yard for entertaining. There are 3 nice sized bedrooms including the bright Master Suite featuring a walk in closet and en-suite bath. The spacious kitchen with stainless steel appliances and breakfast area is right off of the living space. Other features include a 2-car garage with additional space for boat or 3rd car , separate interior laundry room, welcoming front porch. Across from the Via Pacheco Park, and just a few blocks to the beach, it is close to award winning schools, shops, restaurants.

http://mrmlsmatrix.com/Matrix/Public/Portal.aspx?k=3378048XNCG5&p=DE-335644536-718#1

 

Hosting Open House Today Manhattan Beach Home

9th street manhattan bch

You have always dreamed of living in the prestigious Hill Section of Manhattan Beach in a grand, remodeled home w/ a large yard. You’re in luck dreams really can come true! This expansive home enjoys nearly 4,000 sf & sits on a large 7,500 flat lot. Spread out w/ 4 bed, 3 bath, formal living room/dining room, office/tv room & beautiful kitchen! This home has an ideal layout w/ 3 bedrooms upstairs including the master, plus addl bonus room that can be converted into another bedroom. Downstairs you’ll find the formal entry, living room & dining space, as well as a family room w/ wet bar, 4th bedroom & kitchen. Located in the middle of the lower level, the kitchen has black, top of the line appliances, granite counters, breakfast bar & is open to the family room/breakfast nook. The master bedroom is fit for a King & Queen w/ vaulted ceilings, private balcony overlooking the yard & custom his/hers walk-in closets. The en-suite bath is luxurious w/ double sinks, large shower, vanity & fireplace. All this, plus you get an extremely private, large yard that has a raised wood deck, lush vegetation, organic garden, apple tree & built-in BBQ under the peaceful pergola. This property is the quintessential home for entertaining & enjoying time with family & friends!

http://mrmlsmatrix.com/Matrix/Public/Portal.aspx?k=3378048XNCG5&p=DE-330732432-329#1