Real Estate Blog LA

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 same home today (which might be $380K-due to the softened market) at current interest rates (which ...

*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 own a piece of the dream in Los Angeles through an investment strategy. Los Angeles ...

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, Buyers are waiting, but should they? With interest rates low, supply up, and ...

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 Angeles area predicts a 79% chance that home price will decline for the next 2 years. With ...

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 concessions on new home sales.When we see a surge in foreclosures (we are ...

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 prices in the city, located south of Los Angeles, rose last year to $500,000 for a "typical ...

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 compelled, either by law or by government arm-twisting, to change the terms of their mortgage ...

For  agents who represent RELECTANT FIRST TIME BUYERS there is some interesting research from the Federal Reserve. Between 1995 and 2004, the average renter accumulated $4,000 in wealth. In contrast, the average homeowner accumulated $184,400. Furthermore, the typical homeowner holds their property for six years. Within this ...

Jan. 2008 Stats:  The 30-year fixed-rate average sank to 5.66 percent, and the 15-year fixed rate slid to 5.17 percent. The 1-year adjustable rate was down at 5.4 percent. My #1 Ranked Real Estate Site: www.LAexclusiveProperty.com  

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 years, the IRS won't count as income debt forgiven by lenders when troubled borrowers ...