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25 September 2008
What is an FHA loan and why are they HOT???
The FHA was created in the ashes of the Great Depression to boost home buying, but over the years its influence waned. Fannie Mae and Freddie Mac took over market share in part by backing all sorts of risky products such as no-money-down, interest-only Read More...
24 September 2008
Home Sales dn 5.5% (West)..Inventory shrinks!
Sales of previously owned homes declined in August, but in a promising sign the backlog of unsold homes shrank. Nationwide, sales of existing homes fell 2.2% in August (dn. 5.5% in the West) from the previous month to an annual sales pace of 4.91 million Read More...
21 September 2008
Multi-Family is the best investment NOW!!
Multi-Family Apartment Buildings are the best investment now. This is true here in Los Angeles, CA as we see rents increasing 5% year over year. Rents have risen in each of the past 24 Quarters partly due to the Sub-Prime fallout which is forcing many Read More...
16 September 2008
Best time to buy in 35 years..Rates are low!
Money is "Dirt cheap". 5.75% on 30-yr with 0 points.. Per my Lender Dean Wong. Contact Dean Wong Thomas Ray-310-420-1149 www.LAexclusiveProperty.com www.RealEstateBlogLA.com Read More...
05 August 2008
Housing Legislation Can Help The Housing Market
National Association of Home Builders (NAHB) President Sandy Dunn praised the Housing and Economic Recovery Act of 2008 that was signed into law on July 30. “We believe this landmark legislation is vital to address the turmoil in the financial and Read More...
04 August 2008
The Housing and Economic Recovery Act
This week, President Bush signed the "Housing and Economic Recovery Act of 2008" into law. This $300 Billion rescue plan is aimed at helping struggling homeowners avoid foreclosure, as well as boost confidence in the housing market. Although Read More...
14 July 2008
Prices are Rising-for four straight months!!
Prices have risen for four straight months. The median home price has fallen from a high of $230,200 in July 2006 to a low in February 2008 at $195,600, a drop of 15%. Since February, however, it has risen steadily every month. By May the index (which Read More...
04 June 2008
Buyers Hurry!--Housing Market doing a 180
Homes are now more affordable then they have been in years. As soon as I state this, the market could turn the other way. It may be many months before we see balance in the markets, but it is coming. Price reductions have increased dramatically in the Read More...
04 May 2008
Video Lofts - Los Angeles Area Lofts - Marina del Rey,CA Lofts
Video Lofts Link :Are you looking for a home that doubles as a work space ? Lofts in the Los Angeles area have become the home of choice for Artists, Writers, and other generally creative Buyers. Downtown LA Lofts Marina del Rey Lofts Venice,CA Lofts Read More...
11 April 2008
Buyers and Renters - The Cost of Waiting
First up: The loss of tax deductions . In most cases, people who lack a mortgage pay more federal and state income taxes than those who qualify for a mortgage deduction. A Mortgage Calculator illustrates this point: Assume that a buyer is currently paying Read More...
11 April 2008
2008:The Best Year to Buy a Home in 35 Years!
In April of 1973 , mortgage rates were about the same as they are today. Since that time, we have only had mortgage rates this low during 2001 and 2002, the height of the seller's markets where there was little inventory. In the last two major buyer's Read More...
03 April 2008
Good News!..Feb. 2008 Homes Sales in a Stable Range..
Sales of existing homes increased in February and remain within a fairly stable range, according to the National Association of Realtors®. Existing-home sales - including single-family, townhomes, condominiums and co-ops - rose 2.9 percent to a seasonally Read More...
02 April 2008
What is Title Insurance?-Buyer info
What is Title Insurance? The purchase of a home is probably the single largest investment you'll make in your lifetime. It is only prudent that you want to safeguard your rights and investment. Title insurance assures that your rights and interests Read More...
02 April 2008
What Happens in Escrow?
An escrow is an arrangement in which a disinterested third party, called an escrow holder, holds legal documents and funds on behalf of a buyer and seller, and distributes them according to the buyer's and seller's instructions. People buying Read More...
02 April 2008
Tax Rebates Coming Soon... When will you get yours?
Last month, President Bush signed the Economic Stimulus Package into law - setting aside $168 billion in tax rebates and incentives to help boost the US economy. As we head into spring, those tax rebates are getting ready to hit the mail. So when should Read More...
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