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13 March 2008
Multi Family Bldgs. - Investors Buying in Los Angeles CA
*Updated March 11, 2008 Investors (Foreign and Domestic): There are some very real investment opportunities in the Los Angeles CA area involving Multi-Unit Residential properties. As a Buyer , if you are not ready to make a home purchase, you can still 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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16 January 2008
94% Chance of Price Decline?
Riverside, CA just outside of Los Angeles, is on target to see continued Home Price declines for the next 2 years. The odds that this will come true are 94% based on a statistical model by PMI Mortgage Insurance Co. This same model applied to the Los Read More...
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23 December 2007
Market downturn - Where is the bottom?
One of the main reasons for the housing market downturn is the unprecedented run up in home prices (since 2003) which proved to be out of line with inflation and other "fundamentals". When will we see the BOTTOM? When Builders cease with their 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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22 December 2007
Home Prices in SoCal down 29% plus
My clients that are putting in offers now (April 2008), are starting at 5% to 8% UNDER the list price on homes that have been on the market for at least 45 days with no price reductions. This seems to be working and Sellers have been responsive. For homes Read More...
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