27 June 2009
Rates edge up June 24,2009
The benchmark 30-year, fixed-rate mortgage edged up 4 basis points, to 5.8 percent , according to a national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week's survey had an average total of Read More...
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27 June 2009
Homebuyer Tax Credit of $15,000 Proposed
Congress once again is considering new tax credits intended to lure wary homebuyers into the nation's sagging housing market. Washington lawmakers have proposed several separate bills laced with housing incentives. The plans differ, but key elements Read More...
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15 June 2009
:June 15, 2009::Forecast for the Week
Tuesday and Wednesday should also bring us a clearer picture of where things stand on the inflation front. Tuesday brings the wholesale price inflation measuring Producer Price Index (PPI) Report, while Wednesday delivers the inflation news on the retail Read More...
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15 June 2009
Rates move higher in past 2 weeks after their bottom in May
As I mentioned before, added supply has been one of the main culprits behind the recent sell-off in Bonds and corresponding climb in home loan rates . So where is that supply coming from? First, all those refinances you've heard about lately are actually Read More...
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08 June 2009
Twitter Me...on the twitter page at...
You can now find me: http://www.twitter.com/Realtor_SoCal Thanks! Tom Read More...
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08 June 2009
Forecast for the week June 08,2009
In terms of economic reports, Thursday will be the big day this coming week. We'll learn more about the health of the retail sector via the Retail Sales Report for May . April's Retail Sales Report was worse than expected and marked the eighth Read More...
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08 June 2009
Will it Appraise??
An appraisal of a home is always supposed to be a fair, impartial and professional evaluation of a property's true value and not under pressure from special interests. Unfortunately, during the height of the housing boom, appraisers were pressured Read More...
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18 May 2009
May 18, 2009-Real Estate News This Week
(Remember, inflation is the archenemy of Bonds and home loan rates, so I will be keeping a close eye on this in the coming months.) The Department of Housing and Urban Development's Federal Housing Administration making a very interesting announcement Read More...
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15 April 2009
March California Foreclosure Report
Notices of Default , the first step in the foreclosure process , reached a record level – nearly 26 percent higher than the previous historic peak in April 2008. Notices of Trustee sale , which set the auction date and time, rose 82.3 percent from Read More...
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13 February 2009
Auction Opportunities and Foreclosure Numbers
Auction investment opportunities continue to increase. January brought an unexpected, across the board drop, in the total Notices of Default, Notices of Trustee Sale, and sales at auction, not only from the prior month, but year over year as well. Even Read More...
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10 February 2009
5 Reasons to Buy a Home Now
1. Affordability is better than ever According to the National Association of Realtors' housing affordability index, homes were more affordable in December than at any other point since the group started the index in 1970. The affordability index Read More...
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10 February 2009
This Month in Real Estate-February 2009
Please click on the link (below) to see the Power Point. You do not need Power Point to view the presentation. The information here is data driven and speaks to those Buyers that may still be wondering when to buy. As always, please contact me for any Read More...
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Attachment(s):PowerPoint_Click_Here.ppt
10 February 2009
$7,500 15-year interest free loan from the government-Get yours!!
Tax credit offered to new homebuyers Expires June 30, 2009! Who is eligible? First-time homebuyers or any homebuyers who have not owned a principal residence in the last three years How does it work? Eligible purchasers can claim the $7,500 credit on Read More...
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08 February 2009
Home Prices to Bottom in 2009..New Report!
House prices in much of the U.S. will bottom out in this year's fourth quarter, Moody's Economy.com says in a new report. The report projects that peak-to-trough declines for metro areas will be 53% in Los Angeles. In some of the hardest hit markets, Read More...
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24 January 2009
Eight steps to selling your home
1. Define your needs. Write down all the reasons for selling your home. Ask yourself, “Why do I want to sell and what do I expect to accomplish with the sale?” For example, a growing family may prompt your need for a larger home, or a job Read More...
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