South Bay Digs • July 17, 2015

The Hollywood Riviera and Redondo Beach areas have experienced solid median sale price gains over the last four years, with South Redondo Beach leading the way with a 46.58% price increase since 2011. The local housing market remains strong with little headwinds, although the second half of the year will tell the real story.
digs, south bay digs, magazine, issue 112, July 17, 2015

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Home sales in the U.S. during the first four months of 2015 are the highest in eight years, according CoreLogic’s Chief Economist, Frank Nothaft. Sales jumped 9%, (relative to the same period one year ago,) helped by a drop of fixed mortgage rates of almost one-half a percentage point. Of note, however, is the lack of participation from foreign buyers.

The National Association of Realtors reports that the number of U.S. homebuyers who identified as international dropped to 2% during the first four months of 2015 from 2.5% a year earlier — a 19% decline. Interestingly, the U.S. dollar has strengthened against currencies used by many foreign homebuyers in U.S. A stronger U.S. dollar makes property more expensive for foreign buyers whose currencies have been weakened, which consequently, has a direct impact on purchases.

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digs, south bay digs, magazine, issue 94, September 12, 2014
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South Bay Digs • September 12, 2014

Our COVER home this issue is a dramatic contemporary estate in Rancho Palos Verdes designed by noted American architect Richard Landry. This spacious home has over 10,000 square feet of living space with 6 bedrooms, 9 bathrooms and is situated on a 21,464 square foot lot. With immaculate attention to detail throughout, the home blends modern lines and state-of-the-art amenities with warm and relaxed Southern California style. Offered by Rick Edler, Edler | DeRenzis, Vista Sotheby’s International Realty.