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Wow! Just when you think that rates could not get much lower….They do! The Freddie Mac Survey of Rates asks lenders nationwide what they are offering to well-qualified borrowers. They have been reporting these since 1971 and NEVER in this period have they been lower than they are right now. As reported by the LA Times, the average 30-year fixed-rate loan dipped to 4.19% last Friday, and 15-year fixed rates stood at 3.62%! You have to go back to 1951 to find a comparable rate, but back then ... Read Full Post

Hello All! Thanks for checking in regarding the state of affairs in the Big Bear real estate market. In my last blog I mentioned how unexpectedly slow the summer selling season had been through July. Well, it seems that the lure of rock bottom interest rates is finally kicking in as demand is on the rise so far in August. I had two clients finance a second home purchase, fixed for thirty years, at 4.375% last week, and that is truly astounding. In fact, a client of mine I was with over the we... Read Full Post

It is time once again to check in on the happenings of the Big Bear real estate market and see what has transpired in the first half of 2010. It is hard to believe that half of this year is already in the books and the trends in Big Bear real estate sales continue to surprise. I myself was amazed at how well the momentum that we were seeing towards the end 2009 carried into the first part of this year. The first three months of any given year in the Big Bear real estate market are typically t... Read Full Post

Let us get caught up on the happenings in the Big Bear real estate market as we roll into the summer ‘selling’ season. Here in Big Bear it seems we have altogether skipped spring and gone straight into summer. On Sunday a couple weeks ago it snowed most of the day and now it is mid-eighty degrees and beautiful. At last! Looking at the Latest Market Statistics When looking at the latest numbers a couple of trends are apparent: On the supply side the inventory is growing rapidly, which is q... Read Full Post

Big Bear Real Estate: Will the market keep rolling into summer? The first quarter of 2010 is already in the books. Now that tax time is behind us, T.S. Eliot was right, April is indeed the cruelest month; will the Big Bear Real estate market keep on rolling into the summer? Let’s get into the trenches and review the state of the Big Bear real estate market to see what the first quarter numbers indicate: On the supply side, inventory remains tight as there are currently 636 active residentia... Read Full Post

Big Bear Real Estate Blog: Has the real estate market in Big Bear slowed down? Although spring will officially arrive later this month it still feels very much like winter here in Big Bear. We have had a tremendous amount of snow this season and the inclement weather has indeed had an effect on the ability of many would-be buyers to get up the mountain in order to take a look at real estate here in Big Bear. But has this slowed down the Big Bear real estate market? Let’s take a look. There ... Read Full Post

Big Bear Real Estate: Is it Really a Buyer's Market in Big Bear? I have been asked this question on a number of occasions lately and wanted to shed some light on the current state of the market for buyers interested in Big Bear real estate. Multiple offer situations are becoming more and more the norm when offering on the best-priced inventory in Big Bear. Instead of speculating on how long a new ‘hot property’ will be on the market, I now find myself wondering how many offers will be sub... Read Full Post

Big Bear Real Estate: Market Momentum Year-End 2009 Report Winter is in full effect here in Big Bear. Lots of new snow is coming down to kick off 2010. Does the rough weather make for a rough real estate market in Big Bear? I commented in my last blog about the momentum in the Big Bear real estate market heading into the New Year and the absence of signs of the usual seasonal slowdown in sales we typically see during the winter months. An interesting article yesterday in the “The LA Timesâ€... Read Full Post

Will Big Bear Real Estate Experience a Seasonal Slowdown this Year... or not? 2009 is rapidly winding down and what a year it has been so far in the Big Bear real estate market. Let’s check in with what has transpired to date, take a look at some recent trends in the market and what those indicate for Big Bear real estate sales in 2010 shall we? The abundance of early snow fall in Big Bear has the winter tourist season well underway. Normally, the busy holiday season and the prime ski seaso... Read Full Post

Is the Big Bear Real Estate Market Stabilizing? Wow, it continually amazes me how time flies. It is hard to believe summer is already winding down. Let’s get caught up on the happenings in the Big Bear real estate market shall we? Overall the real estate market in Big Bear has shown a decrease in available inventory and an increase in overall demand. We are seeing multiple offers quite often on aggressively priced listings. Most of this activity remains in the lower price ranges as financin... Read Full Post