6/27/2009 9:54:00 PM
Rates edge up June 24,2009
The benchmark 30-year, fixed-rate mortgage edged up 4 basis points, to 5.8 percent , according to a national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week's survey had an average total of 45 discount ...
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6/27/2009 9:26:00 PM
Homebuyer Tax Credit of $15,000 Proposed
Congress once again is considering new tax credits intended to lure wary homebuyers into the nation's sagging housing market. Washington lawmakers have proposed several separate bills laced with housing incentives. The plans differ, but key elements include: ...
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6/15/2009 1:26:00 PM
:June 15, 2009::Forecast for the Week
Tuesday and Wednesday should also bring us a clearer picture of where things stand on the inflation front. Tuesday brings the wholesale price inflation measuring Producer Price Index (PPI) Report, while Wednesday delivers the inflation news on the retail level, ...
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6/15/2009 1:16:00 PM
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 ...
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6/8/2009 9:58:00 PM
Twitter Me...on the twitter page at...
You can now find me: http://www.twitter.com/Realtor_SoCal Thanks! Tom
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6/8/2009 9:52:00 AM
Forecast for the week June 08,2009
In terms of economic reports, Thursday will be the big day this coming week. We'll learn more about the health of the retail sector via the Retail Sales Report for May . April's Retail Sales Report was worse than expected and marked the eighth decline ...
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6/8/2009 8:30:00 AM
Will it Appraise??
An appraisal of a home is always supposed to be a fair, impartial and professional evaluation of a property's true value and not under pressure from special interests. Unfortunately, during the height of the housing boom, appraisers were pressured to up ...
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5/18/2009 9:43:00 AM
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 ...
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4/15/2009 7:53:00 AM
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 the ...
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2/13/2009 8:30:00 PM
Auction Opportunities and Foreclosure Numbers
Auction investment opportunities continue to increase. January brought an unexpected, across the board drop, in the total Notices of Default, Notices of Trustee Sale, and sales at auction, not only from the prior month, but year over year as well. Even after ...
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