From Mortgage News Daily. A new Gallup survey seems to indicate that Americans are falling in love with real estate again. The poll, conducted among over a thousand respondents this month, shows that 56 percent of Americans think the average price of a home in their local area will increase compared to only one-third who… Read more
Articles Categorized: News
Home Prices on the Rise in California
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Buying A Home Is Now 38% Cheaper Than Renting
From Forbes.com. Is renting or buying a better financial bet? Every six months, Trulia’s chief economist Jed Kolko runs the numbers to answer that question and help you stay on top of the trends. So what does Trulia’s Winter 2014 Rent vs. Buy Report tell us? Although the gap between renting and buying is narrowing across the U.S., homeownership… Read more
California’s Distressed Housing Market has Almost Disapppeared
From Mortgage News Daily. Relatively speaking, one might say that the distressed housing market in California has virtually evaporated. The California Association of Realtors® (C.A.R.) said today that more than two-thirds of home sales in the state five years ago were short sales and bank owned real estate (REO). Those properties now make up only… Read more
Cash Incentives for Home Buyers
Fannie Mae is offering cash incentives to some home buyers in an effort to reduce it’s inventory of foreclosed homes. It is offering qualified owner-occupant purchasers cash incentives toward closing costs of 3.5% of the purchase price on Home Path properties. … Read more »
Loan Programs to Suit Your Needs
Interest rates are expected to continue to stay low in the near term. Don’t delay, contact us to learn more about the many home financing programs we offer, including fixed rate, interest only and adjustable rate mortgages for: Conforming (up to $417,000) High Balance (up to $625,500) Jumbo FHA FHA Back to Work VA HARP… Read more
Arcadia Realtors Welcome in Chinese New Year
Leslie Villavicencio and realtors, Kelly Bennett and Al Luna from Keller Williams Realty (pictured above), helped welcome in the Year of the Horse at the Arcadia Realtors Association meeting this week. Happy New Year to All.
Helping Home Ownership Happen One Family At a Time
It was a pleasure to meet with one of our latest clients, Javier Gutierrez at escrow in Northridge for the signing of his loan documents. He is purchasing his first home and was delighted and nervous about the close to final step in the home buying process. We reassured him that everything had proceeded efficiently… Read more
Don’t Miss Out on Historically Low Interest Rates
According to Bloomberg.com, “If you are in the game for a mortgage, or if you have been on the cusp of jumping in, it’s a good idea to capture these dips if you can,”… After the temporary decline, rates are “more likely to be higher as we go forward then they are to be lower.”… Read more
Predictions for 2014 Economy
As 2013 draws to a close, analysts across the United States are drawing up economic predictions for 2014. Below are five predictions from the Christian Science Monitor.