Real Estate News
By Michael Edlen The Palisadian-Post Home sales volume and prices fluctuate in somewhat predictable cycles in many areas. For example, an 8- to 10-year period has separated Westside market highs and lows in the 1970s, 1980s, 1990s, and the decade of 1997-2007. The current down market shows 25 to 35 percent price declines on the [...]
Filed under: Economic Recovery, Home Buying, Home Prices, Housing Market Trends on November 25th, 2009 | Comments Off
Their willingness to ‘strategically default’ on loans depends largely on how far underwater they are. By Lew Sichelman The Los Angeles Times Sunday November 22, 2009 That some underwater owners – whose houses are worth less than they owe – are walking away from their homes even though they can still afford to make their [...]
Filed under: Economic Recovery, Foreclosures and Short Sales, loan modification, Mortgage News, National Real Estate News on November 23rd, 2009 | Comments Off
Mortgage bankers group, blaming job losses, sees a continued surge through 2010 By Scott Reckard The Los Angeles Times Home foreclosures are likely to keep climbing through all of next year despite stabilizing housing prices in some areas, a major lender group said Thursday as it reported that the level of delinquencies and repossessed homes [...]
Filed under: Economic Recovery, Foreclosures and Short Sales, Home Prices, loan modification, Mortgage News, National Real Estate News, Refinancing on November 20th, 2009 | Comments Off
The median sales price in Southern California rises 1.8% in October By Alejandro Lazo The Los Angeles Times Southern California’s housing market showed fresh signs of a comeback last month as first-time buyers took advantage of a federal tax credit aimed at keeping the fragile recovery on track. And the tax credit program, which was [...]
Filed under: California Real Estate News, Economic Recovery, First-Time Homebuyer Tax Credit, First-Time Homebuyers, Foreclosures and Short Sales, Home Buying, Home Prices, Market Update, National Real Estate News on November 18th, 2009 | Comments Off
Lower Prices Have Spurred Home Sales, but Looming Foreclosures and High Unemployment Are Clouding the Outlook The U.S. housing market has been in a slump for the past four years. When will it ever end? In recent years, real estate has proven as jittery and unreliable as any other market. The average U.S. home price [...]
Filed under: Economic Recovery, First-Time Homebuyer Tax Credit, First-Time Homebuyers, Foreclosures and Short Sales, Home Buying, Home Prices, Jumbo Home Loans, Market Update, National Real Estate News on November 18th, 2009 | Comments Off
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Filed under: Uncategorized on November 17th, 2009 | Comments Off
If you fit the criteria and are considering buying another house in the coming year, you might want to speed up the process and close by the June 30 expiration date. By Kenneth R. Harney The LA Times Take a close, hard look at the new $6,500 federal tax credit for so-called move-up home buyers [...]
Filed under: Economic Recovery, First-Time Homebuyer Tax Credit, First-Time Homebuyers, Home Buying, National Real Estate News, Tax Issues on November 16th, 2009 | Comments Off
Knowing the age of your house will give you a rough idea of what kind of upkeep problems to expect. By Lew Sichelman The LA Times The typical American house is 34 years old. And given that households move every seven years or so, the average house is now just about ready for its fifth [...]
Filed under: Consumer Protection, Home Buying, Home Inspections, Problem Solving on November 16th, 2009 | Comments Off
By Michael Johnston, The Palisadian-Post People are still asking me if the availability of jumbo mortgage loans is getting any better. The answer is: “Somewhat better, but not a lot.” For example, over the last several weeks I’ve seen two or three new sources of jumbo loans surface. These sources are large established banks that [...]
Filed under: Economic Recovery, Home Buying, Jumbo Home Loans, Lending Info, Mortgage News on November 13th, 2009 | Comments Off
By Marco Rufo, The Palisadian-Post By next year, Generation Y (birth dates ranging from about 1976 to th elate 1990s) will outnumber Baby Boomers (birth dates ranging from about 1947 through the early 1960s). Ninety-six percent of Generation Y has joined a social network. If Facebook were a country, it would be the fourth largest [...]
Filed under: Social Networking on November 13th, 2009 | Comments Off
