Tag Archives: market update

24 Oct
Beverly Hills Market Update

The Rick Beck Real Estate team brings you a market update for Beverly Hills. The average 30-year mortgage rate continues to drop, being offered at an average of 3.92%. 15-year loans followed as well, dropping to 3.1%. Median List Price: $3,895,000 Average Age of Listing: 53 years Average Days on Market: 153 days Number of Properties

10 Feb
Rick Beck’s January Real Estate Market Update

So far 2014 has brought a much needed and anticipated stock market correction, a new Federal Reserve Chairwoman, Janet Yellen (the first woman to hold the position in history), and lower interest rates for the real estate market. All of these changes are potentially good for the economy and real estate. After seeing record gains