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27 February 2010
Economic Activity for the week
This morning's GDP revision for the 4th quarter came in a little higher or stronger than last month's previous estimate of 5.7%. Today's release showed a 5.9% rate of growth, meaning economic activity was stronger than many had thought . This Read More...
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13 September 2009
U.S. Price Gains of 7.3%..REO soften...
Market Report Clear Capital Reports 7.3% U.S. Home Price Gains, Softening REO Influences National price gains continue positive climb; real estate owned (REO) saturation rates decline; Los Angeles and Fresno markets show positive quarterly price gains Read More...
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04 August 2009
::Week in Review::August 3rd, 2009
Bonds and home loan rates definitely showed some serious energy and persistence this week, despite some serious headwinds, including additional supply flooding the market from this week's big Treasury auctions. The Treasury unloaded an enormous supply Read More...
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31 July 2009
Lender Questions-My Interview with Dean Wong at First Capital Mortgage
It is with great pleasure to post my Interview with one of my favorite Lenders Dean Wong at First Capital Mortgage. (His contact is at the end of my post). Tom: Hello Dean. How are you doing? Dean: Great Tom Tom: 1).I have heard that there are some changes 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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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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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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10 January 2009
Economist's Commentary: January 9, 2009
Quick Take on the Economy: January 9, 2009 By Lawrence Yun, NAR Chief Economist Employment Situation December 2008:Payroll jobs were cut by 524,000 and the unemployment rate rose to 7.2 percent. From the cyclical peak employment 12-months ago, a net 2.6 Read More...
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08 January 2009
Rates Fall to Record Low of 5.01%
The 30-year fixed-rate mortgage (FRM) averaged 5.01 percent with an average 0.6 point for the week ending Jan. 8, 2009, down from last week when it averaged 5.10 percent, according to Freddie Mac’s latest results of its Primary Mortgage Market Survey Read More...
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26 December 2008
Rentals:Multi-Family vs. Single Family...No Question...
Here are some of the advantages that investing in Multi-units Buildings has over Single Families. Cash flow on a multi-family is always greater than that of a single family. Simply because you have more rents coming in. The more units you have under one Read More...
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26 December 2008
Dr. Sam Chandan Video link on Multi-Family/Apt. Investments
Dr. Sam Chandan (formerly Chief Economist with REIS) speaks on the status of the Multi-Family Apartment market. I normally do not post links on my Blog, but Dr. Sam has his finger on the pulse and speaks on why now is the time to Buy! Here is the Link Read More...
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18 December 2008
Multifamily Is Bright Spot, Will Continue to Be in 2009
(Please contact me to discuss your long term Passive Income Strategy that includes the purchase of Multi-Family Property . My Team at Keller Williams will show you the benefits in this down market.) The Apartment Rental Market continues to benefit from Read More...
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14 December 2008
NAR 2009-2010 Forecast...Rates are coming DOWN
Please contact me: Thomas Ray,M.S.,Realtor Keller Williams/Marina Office:310.862.1786, Cell:310.420.1149 www.LAexclusiveProperty.com Read More...
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16 November 2008
California Home Prices DOWN 40.9 percent!--NOW is the time to BuY.
The median price of an existing, single-family detached home in California during September 2008 was $316,480, a 40.9 percent decrease from the revised $535,760 median for September 2007 . It is still too early to determine if the statewide median price Read More...
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