mybudget360.com has written a piece outlining why housing rates could remain flat for the next 10 years. There are six main arguments: 1) Dual Income Households are Peaking: Housing is generally the biggest expense for a household, and if the trend is to return to a single income home then purchasing power is diminished. 2) According [...]
Filed under: Industry and Economic News on April 11th, 2011 | No Comments »
In it’s FY 2011 budget the Obama Administration has proposed changing the Mortgage Interest Deduction for taxpayers in the 33% and 35% tax brackets to a 28% tax credit. While this is projected to raise $318b over 10 years for the Federal Government, this change could affect housing values and any recovery of the already [...]
Filed under: Industry and Economic News on April 7th, 2011 | No Comments »
Today the Wall Street Journal published a list of reasons why now is a good time to buy a home. It’s a refreshing piece of writing in a time when the majority of real estate news is negative. Here are some of their reasons: You can get a good deal Mortgages are Cheap You’ll Save [...]
Filed under: Industry and Economic News on September 16th, 2010 | No Comments »
In a recent article, Inman News attempted to answer that very question with the help of an analysis prepared by The PMI Group. From the Article: “Two leading indicators — applications for purchase mortgages and the number of homebuyers entering into contracts to purchase homes — suggest sales of resale homes hit bottom in July [...]
Filed under: Industry and Economic News on September 16th, 2010 | No Comments »
The Southland’s housing recovery held its ground in June as home sales rose, fueled by government tax incentives, but the median home price dropped a notch from May. The median price for all new and resale single-family homes, condominiums and town homes was $300,000 in June, according to research firm MDA DataQuick of San Diego. [...]
Filed under: Industry and Economic News on July 14th, 2010 | No Comments »
A critically acclaimed contemporary home designed by Eric Owen Moss has come on the market for the first time in Brentwood. Featured in books, magazines and television shows, the Lawson/Westen House is a geometric amalgamation of concrete, steel, glass and wood highlighted by a three-story truncated cone that rises over the kitchen. Continue Reading the [...]
Filed under: Industry and Economic News on June 29th, 2010 | No Comments »
How low can they go? 15-year fixed rates set new record May 27, 2010 | 9:56 am Anyone out there still have the old-fashioned notion to retire their mortgage sooner rather than later? Homeowners able to refinance were finding lenders offering 15-year fixed-rate mortgages at an average of 4.21% this week, according to Freddie Mac — [...]
Filed under: Industry and Economic News on May 27th, 2010 | No Comments »
Lenders likely to order second, last-minute credit report before closing on a mortgage Changes taking effect June 1 are part of Fannie Mae’s ‘loan quality initiative’ to cut down on slipshod underwriting and fraud by borrowers. By Kenneth R. HarneyMay 16, 2010 Reporting from Washington If you’re thinking about applying for a home mortgage this [...]
Filed under: Industry and Economic News on May 19th, 2010 | No Comments »
Press Release May 2010 Beverly Hills, CA Teles Properties Presents Eric Hass—Negotiating Powerhouse Eric Hass brings a lifetime of real estate experience to every transaction. In fact, with Realtors as parents, Eric absorbed the language and skills of the profession long before he thought of pursuing it himself. A California native raised in the San [...]
Filed under: Industry and Economic News on May 14th, 2010 | No Comments »
The Standard & Poor’s/Case-Shiller index of 20 metropolitan areas falls 0.1% overall for February. But San Diego, San Francisco and Los Angeles post gains. By Alejandro Lazo, Los Angeles Times April 28, 2010 A trio of California cities bucked a nationwide home price decline in February while most of the other metro areas posted losses [...]
Filed under: Industry and Economic News on April 29th, 2010 | No Comments »
