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02 April 2008
RENTERS BEWARE!
If you are currently renting , the following might be helpful. Just for comparison: if you are currently Renting and paying $2k per month and could have bought a $400K home a year ago at last years interest rates with a mortgage of around $1800, that Read More...
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13 February 2008
Transactions #'s Down...Jan '08 Data
Are Buyers and Sellers waiting out the market? They may be, as evidenced by the latest data regarding SoCal Home Sales Transactions which fell below 10,000 in the month of January. This is the first time this has happened in around 20 years. Clearly, Read More...
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22 December 2007
Paramount,CA home prices at new low
Question :Which U.S. city has been the worst affected by this year's housing slump???? Answer:Paramount, CA In Paramount, home sales dropped 78% in the third quarter from the third quarter in 2006 , from 134 home sales to only 30 last quarter. Home Read More...
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22 December 2007
Mortgage contracts should NOT be altered
Former Federal Reserve Chairman Alan Greenspan said that compelling lenders to alter mortgage contracts would be a damaging tax on the economy and it would be less harmful to simply give the homeowners money. Greenspan's concern is if lenders are Read More...
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22 December 2007
Tax Relief for Home Owners
President Bush signed into law Thursday a bill creating a temporary tax break for homeowners who are able to persuade lenders to forgive part of their debt, and extends a tax deduction for some families with private mortgage insurance. For the next three Read More...
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