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Apr
25


Colorado Lagoon Park - Long Beach California

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Colorado Lagoon Park - Long Beach California

 

I remember when I first moved into Long Beach and drove past Colorado Lagoon.  In my own New York way I asked my friend 'Whats with the swamp?.  It was looking pretty raggy way back then, but as they say, its come a long way baby! Yesterday I was driving by, it was such a pretty day and the park was so peaceful, I pulled over and took a few pictures. 

Colorado Lagoon Park - Long Beach California   Colorado Lagoon Park - Long Beach California

Colorado Lagoon is comprised of 41.63 acres of wetland and Marine Education Science Center and is located at 5119 E Colorado St.; they can be reached at (562) 570-1720. Colorado Lagoon Park is bounded on the West by Park Ave; on the South by E Appian Way and E Colorado St; on the North by E 6th St. and Recreation Park 9 Hole Golf Course; and on the East by Monrovia Ave, E 4th St, Haines Ave, E Vermont St., and Orlena Ave. 

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Posted on April 25, 2008 22:13:16 by Laurie.Manny
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Apr
25


Buying Your Long Beach Home - Getting Started

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Are You thinking about Buying a Home in Long Beach?

 

Buying your Long Beach HomesWhen beginning the home buying process the best place to start is by getting pre-approved by a great lender.  Being pre-approved for your home loan not only assures you that you are shopping within your price range, it also equips you with the ability to make an offer immediately when you locate the home of your choice. 



When you speak with the lender of your choice, ask them if they will be able to provide you with a lock-in letter and a written loan commitment.  These items assure you that the loan is actually in place and that both the interest rate and the terms of the loan will be intact when you are ready to close escrow. 



There are currently less Long Beach homes on the market than prior months.  Over the winter months we had more, but less desirable inventory.  Todays Long Beach Real Estate Market is providing better and more desirable choices for home buyers causing many Long Beach properties to receive multiple offers.  It has been rare for offers to go much above asking price, however sellers are making choices based on the terms offered and the strength of the offer and the loan. 

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Posted on April 25, 2008 12:33:52 by Laurie.Manny
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Apr
21


Long Beach Mortgage Rates Report: April 21, 2008

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What a wild week this past one was for Long Beach mortgage rates.  On April 14, 2008, I advised folks who were closing in the month of April to lock rates; mortgage bonds plummeted from 101 to 99.5.  If you were closing in April and didnt lock your mortgage rate, it would have cost you about 1.5% in discount points to get that same mortgage rate, on Thursday- thats $7,500 extra in closing costs for a $500,000 loan!

I also advised that all May closings float. Mortgage bond prices rebounded to 100.5 today; I still think theres room for upside in the mortgage bond market which means lower mortgage rates.  I dont have high hopes for the American economy through the summer.  The foreclosures, weak housing prices, and credit crunch have closed the consumers 'virtual ATM '.  Higher food and fuel prices are starting to take a bite out of the consumers budget.  A gallon of gas and a gallon of milk both cost in excess of $4. In past years, a homeowner would suck it up and throw the money on his HELOC.  Now, with HELOCs frozen, the consumer has to tighten his belt.

The consumer drives much of the American economy so his tightened belt means less spending.  That should hurt this economy until we see the banks loosen up a bit.

Will we see lower mortgage rates in May?  I think so but the volatility of the mortgage bonds market still compels me to advise Long Beach home buyers to lock their mortgage rates for transactions closing within 14 days.  All longer closings should float¦for now.

http://www.lauriemanny.com/002F24
Posted on April 21, 2008 08:19:20 by Brian.Brady
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Apr
19


Selling Your Home in a Slow Market

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Luke Mullins a staff writer with US News & World Report contacted me pointing out an article he wrote that he thought my readers may be interested in 5 Tips for Selling a House in a Slow Market.  While I don’t necessarily agree with all of his points, as they pertain to the Long Beach Real Estate market, it is a relatively acccurate depiction of some of the items sellers need to pay attention to when placing their homes for sale. 

 

His article covers 5 tips: 

  1. Making repairs
  2. Pricing
  3. Hire an experienced Realtor
  4. Make showings easy
  5. Counter “All” offers

 

While these are all very valid points just bringing your price down below what it would have “fetched” a couple of years ago is not enough.  Determining today’s market value and offering a price that a buyer will want to pay is more the order of the day.  Setting an asking price above market value will not just drive potential buyers away, it will set the stage for the seller for 'chasing the market down, which is the kiss of death in todays real estate market.  Agents who accept overpriced listings do so for the residual traffic the listing will provide; the buyer phone calls generated by the sign, open houses, advertising, etc¦  If they dont know that overpriced listings wont sell then they are just not experienced enough to price or sell your homes. 

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Posted on April 19, 2008 02:54:57 by Laurie.Manny
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Apr
15


Long Beach Elementary Schools Win California Distinguished School Awards in 2008

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Long Beach Elementary Schools Win California Distinguished School Awards in 2008.


State Superintendent of Public Instruction Jack OConnell today announced that 343 exemplary California public elementary schools from 189 districts in 39 counties have been selected as 2008 California Distinguished Schools.

 

County District School Grade Level
Los Angeles Long Beach Unified Cubberley Elementary Elementary
Los Angeles Long Beach Unified Emerson Parkside Academy Charter Elementary
Los Angeles Long Beach Unified James Russell Lowell Elementary Elementary
Los Angeles Long Beach Unified Juan Bautista Alvarado Elementary Elementary
Los Angeles Long Beach Unified Minnie Gant Elementary Elementary
Los Angeles Long Beach Unified Patrick Henry Elementary Elementary
Los Angeles Long Beach Unified Robert E. Lee Elementary Elementary
Los Angeles Long Beach Unified Theodore Roosevelt Elementary Elementary

The entire list may be viewed at:  California School Recognition Program.

 

Congratulations to the 5 repeat Long Beach winners for their success!

Special Congratulations to First Time Long Beach Winners of this prestigious award:

Emerson Parkside Academy

Patrick Henry Elementary

Robert E. Lee Elementary

 

 

This year, the selection criteria for the Distinguished School program were more stringent than ever. Schools wrote a substantive narrative application and then were subject to an extensive site validation.

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Posted on April 15, 2008 13:00:00 by Laurie.Manny
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