What’s one way to tell the Palos Verdes Homes and South Bay Real Estate market is getting BETTER?

Ask any stock broker or commodity broker adept at using technical indicators to “time” trades, and one of the tools they use is to study “VOLUME” changes relating to resistance and support trend lines.

Real estate, being a commodity like gold, silver, grain futures etc, can also be “predicted” by studying volume changes.

Look at what’s happening with Palos Verdes home sales as a partial component to this chart for the South Bay real estate market… for the first time in THREE YEARS we see resistance broken to the upside. 

Of course no one has a crystal ball and fortunes have been won and lost trying to time “bottoms” and “tops”, but clearly this is a positive development.

For more information on other real estate trends for Palos Verdes real estate and South Bay home trends, follow the link in the yellow tab below.

If you’re reading a blog in which the yellow tab doesn’t appear, just go to my website at www.homeispalosverdes.com scroll down to the section of my website beneath the section that says “More Free Services”.  It’s about three quarters of the way down the page.

Home prices rise in Half of U.S. Cities as Markets Stabilize

There was an interesting article in Bloomberg today that I read as reported by the National Association of Realtors in which it was represented that home prices rose in half of U.S. cities in the the first quarter of 2012.

However as you read further into the article and not just the headline, you see that experts said “The housing market is still depressed but it had a good quarter,” Patrick Newport, an economist at IHS Global Insight in Lexington, Massachusetts, said in a telephone interview today. “We’re on the mend but it’s still something that will take two or three years before we’re back to normal.”  To read the full article, follow this link – http://www.bloomberg.com/news/2012-05-09/home-prices-rise-in-half-of-u-s-cities-as-markets-stabilize.html

There’s an old saying in real estate; no, not the “location, location, location” saying, but one just as old and it goes like this: “REAL ESTATE IS ALL LOCAL”  When it comes down to it, who cares what is happening in Des Moines, Iowa.  We really want to know what’s happening HERE, for Palos Verdes homes.

Here’s the latest information in chart form; it shows Palos Verdes home sale prices (on a dollar per square foot basis) since the peak of our market in the 3rd/4th quarter of 2006 through today.

You are welcome to visit my website for more Palos Verdes real estate trends.