Real Estate Blog LA

Rates Fall to Record Low of 5.01%

Thomas Ray L.A./exclusive/ — Fri, 09 Jan 2009 00:49:00 GMT

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)

Biggest Home Price Declines Ever

Thomas Ray L.A./exclusive/ — Fri, 02 Jan 2009 00:55:00 GMT

"The bear market continues; home prices are back to their March 2004 levels ," (Is this the Bottom????)... says David M. Blitzer, chairman of the Index Committee at Standard & Poor's. "Both composite indices and 14 of the 20 metro...(read more)

Rentals:Multi-Family vs. Single Family...No Question...

Thomas Ray L.A./exclusive/ — Sat, 27 Dec 2008 04:52:00 GMT

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)

Dr. Sam Chandan Video link on Multi-Family/Apt. Investments

Thomas Ray L.A./exclusive/ — Sat, 27 Dec 2008 04:09:00 GMT

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)

Multifamily Is Bright Spot, Will Continue to Be in 2009

Thomas Ray L.A./exclusive/ — Thu, 18 Dec 2008 15:51:00 GMT

(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)

Is Your Property Tax Bill Too High?

Thomas Ray L.A./exclusive/ — Mon, 15 Dec 2008 16:46:00 GMT

Income tax, sales tax, estate tax, excise tax, alternative minimum tax...and just when you thought you'd paid them all...along comes your property tax bill as a homeowner. But did you know that the National Taxpayers Union estimates that as many as...(read more)

Fed to Cut the Fed Funds Rate

Thomas Ray L.A./exclusive/ — Mon, 15 Dec 2008 16:36:00 GMT

This week, look for the Fed to cut the Fed Funds rate (the rate for overnight loans between banks) by a half point, to 0.50 percent. While a cut by the Fed often causes home loan rates to rise (because a Fed cut can lead to inflation, which is the arch...(read more)

Thomas Ray,Realtor,has moved to Keller Williams Realty/Marina/LA

Thomas Ray L.A./exclusive/ — Sun, 14 Dec 2008 18:28:00 GMT

I am very excited to be at Keller Williams Realty in Marina del Rey. Please go here to see why I chose Keller Williams. Thomas Ray,M.S.,Realtor Office:310.862.1786,Cell:310.420.1149...(read more)

NAR 2009-2010 Forecast...Rates are coming DOWN

Thomas Ray L.A./exclusive/ — Sun, 14 Dec 2008 17:53:00 GMT

Please contact me: Thomas Ray,M.S.,Realtor Keller Williams/Marina Office:310.862.1786, Cell:310.420.1149 www.LAexclusiveProperty.com...(read more)

REO Pre-listings NOW available on my site

Thomas Ray L.A./exclusive/ — Wed, 26 Nov 2008 06:35:00 GMT

I am now featuring REO Pre-Listings on my site. If you or your Buyers are not familiar with a Pre-Listing, you are not alone. A Pre-Listing is an REO that may not be vacant so it is not on the market. However, the Bank will accept offers on these allowing...(read more)

Save on Your Credit Score this Holiday Season

Thomas Ray L.A./exclusive/ — Mon, 24 Nov 2008 17:00:00 GMT

To help you make sure you manage your credit cards-- and your credit score --during the upcoming holiday spending season, follow these steps: Double-check your card limits. Many credit card companies today have started lowering credit limits. That means...(read more)

Pre-Listings Now Available...BUY NOW before they hit the MLS!!!

Thomas Ray L.A./exclusive/ — Sun, 23 Nov 2008 05:14:00 GMT

I now have access to "Pre-Lisitings" at my Office. These are not Auction Properties, but rather Bank Owned Homes that are about to be posted on the MLS . You can put in offers now BEFORE ANYONE ELSE!!! Areas:Compton,Inglewood,Los Angeles Please...(read more)

My Charity-Wounded Warrior Project

Thomas Ray L.A./exclusive/ — Sat, 22 Nov 2008 23:31:00 GMT

!Combat Veterans need our Support! Support the Wounded Warrior Project As a Successful Realtor here in Southern California, I have learned a lot about the needs of my clients and their families and have been blessed to be surrounded by a great clientele....(read more)

Foreclosure sales dropped by 39.1

Thomas Ray L.A./exclusive/ — Fri, 21 Nov 2008 02:08:00 GMT

Foreclosure sales dropped by 39.1 percent from the prior month, due to significant increases in cancellations and postponements. Under California law, scheduled foreclosure sales can be postponed for a period of up to one year, until they are either cancelled...(read more)

California Home Prices DOWN 40.9 percent!--NOW is the time to BuY.

Thomas Ray L.A./exclusive/ — Mon, 17 Nov 2008 04:26:00 GMT

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)