The 54 room hotel project in Redondo is finally under way. The project has been in the works since 2008. Cleanup of the present site is scheduled to start next month and completion is scheduled for October 1, 2014. This will be Redondo’s first major development project in 2 years and the city fathers are happy to see the project finally get off the sand, so to speak.
Tips:
#2-1 DRY OUT TOILET BOWL AND TANK:
Before I have to do any work on a toilet, I use a wet vac to suck out all of the water from the toilet bowl and tank. No more messes.
#2-2 ON RE-PLANTING GRASS SEED:
Put a window screen over a spot in your lawn that you’re reseeding and you won’t have to worry about birds eating the seeds.
#2-3 FIX A DRAIN CLOG:
The plumber couldn’t budge the clog in our upstairs bathtub drain, so he said we’d have to tear out the ceiling below in order to get at the pipe. But a contractor we know had another idea that made a lot more sense. He stuck the nozzle of a wet-dry vac into a roll of electrical tape to get a tight seal against the tub’s drain, and covered the tub’s overflow hole with a flexible rubber pad. Then he turned on the vacuum and, voilà: the clog was sucked out of the pipe, saving our ceiling—and our bank account.
#2-4 NO MORE STUCK OUTDOOR LIGHT BULBS:
Screw-in bulbs in outdoor fixtures can corrode and become stuck in their sockets over time and will often break when you try to twist them out. Rub Vaseline on the bulbs’ threads before screwing them in and you’ll never have a problem replacing the bulb when the time comes.
Watch this beautiful Video of the South Bay and you will understand why sop many reside here.
Housing sales are starting to go up, building starts are up, condo and townhome sales are setting new records in some areas. And we are seeing an upswing in South Bay real estate. Mortgage rates are still at an all time low. Lenders say they have money to lend. Lenders have tightened up their processing and underwriter guidelines, which is slowing down overall processing and funding times.
Experts say that if there is no unforeseen crisis in the near future the trend should continue with gradual increase in sales. Foreclosures and lack of inventory is affecting many markets across the country at the present time, and that should start improving gradually. One factor that is helping to fuel the gains is heavy buying by investors, many paying cash for hot properties. Flipping houses is again being advertised heavily which causes some concerns. Many experts feel that “flipping” along with other factors was a major cause of some of the real estate problems of recent years.
The pace of building is picking up as well, with housing starts in some states like Washington, Iowa, Nebraska, Texas and South Carolina are likely to near the levels last seen in the 2000-2003 period, by the end of this year. Construction industry experts are predicting a possible 17-20% increase in new housing starts. General increases in building permit applications are already being seen in some “hot market” areas.
So what’s the down side of all of this? The unknown possible tax hikes coming in January and some other possible worsening economic factors coming out of Europe and Asia that could affect more than just the real estate industry.