Real Estate News
Home buyers tend to want it all, especially in this age of affordability, when prices and mortgage rates are low. But this also is the age of frugality, a time of economic uncertainty when many people are not as concerned about their next pay raise as they are about the next round of layoffs. So [...]
Filed under: Home Buying, Home Selling, Housing Market Trends on April 7th, 2010 | Comments Off
Lawmakers plan to push the Obama administration to come up with an exit strategy for the troubled housing finance agencies, which have been propped up by bailout money. By Jim Puzzanghera The Los Angeles Times Reporting from Washington – It is the forgotten bailout: $125.9 billion spent by taxpayers so far to rescue housing giants [...]
Filed under: Economic Recovery, Federal Housing Regulations, Foreclosures and Short Sales, Housing Market Trends, Mortgage Rates, National Real Estate News, Problem Solving on March 24th, 2010 | Comments Off
the 0.6% drop, less than expected, follows steeper declines in January and December. It comes KB Home reports a narrower loss in its first quarter. By Alejandro Lazo The Los Angeles Times The housing market stumbled anew in February as sales of previously owned homes fell for the third consecutive month and the number of [...]
Filed under: Economic Recovery, Federal Housing Regulations, First-Time Homebuyer Tax Credit, Foreclosures and Short Sales, Home Buying, Home Prices, Home Selling, Housing Market Trends, Market Update, National Real Estate News on March 24th, 2010 | Comments Off
Analysts attribute the increase, to $249,000, to more higher-end houses and fewer bank-owned properties changing hands. By Alejandro Lazo The Los Angeles Times California’s median home price rose a robust 11.2% in February from the same period a year ago as fewer foreclosure properties sold, while the number of homes sold fell 3.8%. The median [...]
Filed under: California Real Estate News, Economic Recovery, Foreclosures and Short Sales, Home Buying, Home Prices, Home Sellers, Home Selling, Housing Market Trends, Market Update on March 19th, 2010 | Comments Off
Led by double-digit jumps in coastal areas, the median sales price for the region reaches $275,000. The number of homes sold was nearly flat, up only 0.8%. By Alejandro Lazo The Los Angeles Times Southland home prices jumped 10% in February compared with the same month last year as foreclosure sales dropped significantly. San Diego [...]
Filed under: California Real Estate News, Economic Recovery, Foreclosures and Short Sales, Home Buying, Home Prices, Home Selling, Housing Market Trends, Jumbo Home Loans, Lending Info, Market Update on March 17th, 2010 | Comments Off
The rate, which has hovered around that mark since September, fell to 4.97% this week from 5.05% last week E. Scott Reckard The Los Angeles Times The typical rate offered by lenders on 30-year mortgages slipped back below 5% this week, Freddie Mac said Thursday. The mortgage giant’s weekly survey found that the average rate [...]
Filed under: Economic Recovery, Federal Housing Regulations, Home Buying, Home Prices, Housing Market Trends, Lending Info, loan modification, Mortgage Rates, National Real Estate News on March 5th, 2010 | Comments Off
The National Assn. of Realtors index of deals under contract fell to 90.4 from 97.8 in December. It’s 12.3% higher than January 2009. By Alejandro Lazo The Los Angeles Times In another sign that the U.S. housing recovery might be on a shaky foundation, the number of homes placed under sales contract fell 7.6% in [...]
Filed under: Economic Recovery, First-Time Homebuyer Tax Credit, Home Buying, Home Prices, Home Selling, Housing Market Trends, Market Update, National Real Estate News on March 5th, 2010 | Comments Off
Brent T. White, a University of Arizona law school professor, says that it’s in the homeowners’ best financial interest to stiff their lenders and that it’s not immoral to do so. By Kenneth R. Harney The Los Angeles Times Reporting from Washington – Go ahead. Break the chains. Stop paying on your mortgage if you [...]
Filed under: Consumer Protection, Credit Scores, Economic Recovery, Federal Housing Regulations, FHA loans, Foreclosures and Short Sales, Housing Market Trends, Lending Info, loan modification, Market Update, Mortgage News, Refinancing on February 26th, 2010 | Comments Off
The meltdown sent interest rates soaring and availability shrinking, but rates are declining and lenders are more willing to make loans that top the limits for Freddie Mac, Fannie Mae and the FHA. By E. Scott Reckard The Los Angeles Times Phil Kelly had 18 more months to go before the fixed rate on his [...]
Filed under: Economic Recovery, Home Buying, Housing Market Trends, Jumbo Home Loans, Lending Info, loan modification, Mortgage News, Mortgage Rates, Refinancing on February 24th, 2010 | Comments Off
By Alejandro Lazo The Los Angeles Times But January’s year-over-year increase to $271,500 is a 6.1% drop from December. Total sales climb about 1% from a year earlier. Home sale prices in Southern California showed fresh strength in January, bouncing 8.6% from the same month one year earlier – a period when the market was [...]
Filed under: California Real Estate News, Economic Recovery, Federal Housing Regulations, Foreclosures and Short Sales, Home Buying, Home Prices, Home Selling, Housing Market Trends, Market Update on February 17th, 2010 | Comments Off
