About Long Beach's Alamitos Beach

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Units Currently for sale

Total # of Listings 5

1. 850 East Ocean 410
2. 850 East Ocean 209
3. 850 East Ocean 611
4. 850 East Ocean 906
5. 850 East Ocean 1401

Lowest Price $478,000

Highest Price $1,199,000

Average Price $791,200

Avg. Price/SqFt $597.91

Avg DOM 61

Total # of Listings 2

1. 850 East Ocean 1408

2. 850 East Ocean 1204

Lowest Price $599,000 (short sale)

Highest Price $829,000

Average Price $714,000

Avg. Price/SqFt $491.36

Avg DOM 2

Closed Sale Properties

Total # of Listings 10

1. 850 East O cean 413

2. 850 East Ocean 512

3. 850 East Ocean 601

4. 850 East Ocean 204

5. 850 East Ocean 711

6. 850 East Ocean 506

7. 850 East Ocean 1203

8. 850 East Ocean 1206

9. 850 East Ocean 1107

10. 850 East Ocean 1005

Lowest Price $250,000

Highest Price $880,000

Average Price $605,090

Avg. Price/SqFt $432.81

Avg DOM 87

For more details regarding the prestigious "The Pacific" please contact Rachel:

Rachelmtyndall@gmail.com

www.rtyndall.com

Backup Offer Properties

Market update for "THE PACIFIC" oceanfront high rise building on Ocean Blvd., Long Beach

Date: 8/4/2009

Long Beach, Ca. 30 Year interests rate are low, we are consistantly locking interest rates below 5% for 30 year fixed mortgages. There has been a recent buzz and flurry of loan applications from home owners attempting to advantage of current interest rates in Southern California

Unemployment rate report has come out and the statistic for last month data stands now at 7.2% and they were expecting 7.0%. Equity market is acting negative to this news as well as our bond market. Pricing opened down about .25% in price but has improved slightly, however, we have not seen investors post any changes to their opening rate sheets as of yet. Next week brings us the release of several important reports including December's Retail Sales data and two key inflation readings. There is no economic data scheduled to be posted Monday or Tuesday, but every other day of the week has important releases scheduled. Currently, the Ten Year yield is at 2.44% (2.44% yesterday).

Our mortgage pricing going forward will be affected by the ongoing purchases of mortgage backed bonds. The Federal Reserve bought $10.213 billion of mortgage securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae in the first three days of a new program to support the housing market. The central bank has pledged to buy $500 billion, or possibly more, of these bonds backed by home loans in the first half of the year, an effort that has started to drive down mortgage rates. Market participants had expected the Fed purchases to average $3 billion to $4 billion daily, which would keep it on target to complete the aggressive spending spree within the first half. So our normal rules of watching out for Friday's and coming up on Holidays will be semi on hold while the market is manipulated by the government purchases of mortgage backed bonds.

Kirk Mulhearn, a mortgage planner and real estate broker can be contacted at 562-989-4608 ext. 110 or emailed at: kirkmulhearn@gmail.com

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AVP Crocs Tour Bud Light Long Beach Open

ASSOCIATION OF VOLLEYBALL PROFESSIONALS (AVP)

July 16 - 22, 2007

AVP Pro Beach Volleyball Tour comes to Long Beach at Marina Green Park later this month. Take part in the excitement as the world's finest players 'serve up' the best of beach volleyball.

Come cheer on Gold Medalist and Cal State Long Beach Alumna, Misty May-Treanor and watch the volleyball legend, three-time Gold Medalist, Karch Kiraly play his last season. Don't miss out on the action!


150 of the sport's top players will play a series of matches and chances to win prize money, at Alamitos Beach in Downtown Long Beach. The event has become a part of the Long Beach Sea Festival.

This is the first AVP that has come to Long Beach.

Read the rest of the story and see live video coverage at Long Beach Real Estate Home

Laurie Manny Long Beach Realtor (562) 212-5420
Main Street Realtors Belmont Heights 244 Redondo Avenue Long Beach California 90803
Long Beach Real Estate Blog Long Beach Real Estate Website