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  • It Is Getting Harder to Buy a House

    FHA to toughen rules for borrowers The Federal Housing Administration (FHA) is proposing raising minimum credit scores for borrowers who receive FHA-backed mortgages, increasing down payment requirements, and limiting the amount of money sellers can provide toward closing costs. The proposed changes are part of an effort to shore up the ...
    Posted to Market Update (Weblog) by 278262 on December 8, 2009
  • One in Four Borrowers is Underwater on their Home

    One in four borrowers is underwater Despite recent indicators that the housing market is improving,a new report shows that one in four mortgage borrowers are underwater, meaning they owe more on their mortgage than their home currently is worth. According to First American CoreLogic, nearly 10.7 million households had negative equity in ...
    Posted to Market Update (Weblog) by 278262 on November 29, 2009
  • 2 Story For Sale in Sierra del Oro

    [photo:listing:7083075] • 3,031 sq. ft., 3 bath, 5 bdrm 2 story - $550,000 - Priced To Sell Fast! Sierra del Oro, Corona  -  Luxury Living Orange County Close! You must see this highly upgraded Sierra del Oro, Corona Pool Home! The elegance starts at the gated courtyard ...
    Posted to Market Update (Weblog) by 278262 on November 8, 2009
  • June 2009 California Housing Market Fast Facts

    Calif. median home price - June 09: $274,740 (Source: C.A.R.) Calif. highest median home price by C.A.R. region June 09: Santa Barbara So. Coast $850,000 (Source: C.A.R.) Calif. lowest median home price by C.A.R. region June 09: High Desert $108,600 (Source: C.A.R.) Calif. First-time Buyer Affordability Index - First Quarter 2009: 69 percent ...
    Posted to Market Update (Weblog) by 278262 on August 2, 2009
  • 2 Story For Sale in Horsethief Canyon Ranch, Corona 3 Bedrooms

    [photo:listing:3794180] • 1,439 sq. ft., 3 bath, 3 bdrm 2 story - MLS® $220,000 - Priced to Sell! Horsethief Canyon Ranch, Corona  -  Nestled in the foothills of the Cleveland National Forest is Horsethief Canyon Ranch, a beautiful, master planned community of 1,962 single family homes. This is your chance to beat the ...
    Posted to Market Update (Weblog) by 278262 on July 30, 2009
  • Avoid Foreclosure

    Home owners who are facing foreclosure often dread dealing with the facts that got them to that place. If they think back to when they first bought that home, losing their home was probably the furthest thing from their mind. Few home owners actually plan to go into foreclosure.Reasons For Pending ForeclosureApart from those who knowingly ...
    Posted to Market Update (Weblog) by 278262 on July 26, 2009
  • May 2009 California Housing Fast Facts

    Calif. median home price - May 09: $267,570 (Source: C.A.R.) Calif. highest median home price by C.A.R. region May 09: Santa Barbara So. Coast $875,000 (Source: C.A.R.) Calif. lowest median home price by C.A.R. region May 09: High Desert $106,210 (Source: C.A.R.) Calif. First-time Buyer Affordability Index - First Quarter 2009: 69 percent (Source: ...
    Posted to Market Update (Weblog) by 278262 on July 16, 2009
  • Do YOU Want $8000?

    Would You Like $8,000? Buy a Home. Soon! To stimulate the economy, Washington juiced up the stimulus plan passed last year in February. Two benefits for FTHBs (First Time Home Buyers) were that the amount of the tax credit was increased from up to $7,500 to $8,000. And, more importantly, the amount of the credit does not have to be ...
    Posted to Market Update (Weblog) by 278262 on July 14, 2009
  • CNN Says Housing Market may be Stabilizing!

    CNN is searching for a bottom in the housing market With consumer confidence rising in May to its highest level in eight months, housing starts increasing more than 17 percent in May compared with the previous month, and sales of existing homes climbing 2.9 percent in April nationwide, it appears that the housing market may be stabilizing. So ...
    Posted to Market Update (Weblog) by 278262 on July 5, 2009
  • New 90 Day Foreclosure Rule in California

    Recent news headlines have caused confusion by mischaracterizing the new California Foreclosure Prevention Act as a 90-day moratorium and incorrectly stating that the lender must modify delinquent loans before it begins foreclosure. In reality, the foreclosure process for certain owner-occupied residential first trust deeds has been extended by 90 ...
    Posted to Market Update (Weblog) by 278262 on June 17, 2009
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