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  • 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
  • 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
  • California Running Out of $10,000 Tax Credits for New Homes

    First-time home buyers wanting to take advantage of the state's $10,000 tax credit may have less time than originally expected. California set aside $100 million to help home buyers purchase newly built homes, hoping to jump start the residential-construction market. According to state officials, the tactic has worked well and is helping to ...
    Posted to Market Update (Weblog) by 278262 on June 20, 2009
  • Home Sales Jump ~ April 2009

    Pending US Home Sales Surge Pending US home sales skyrocketed to their highest number in 7 years, a sure sign that the bottom is forming and that bargain seekers have arrived.  The National Association of Realtors reported that its seasonally adjusted index of sales contracts signed (the Pending Home Sales Index) jumped 6.7% to 90.3, well ...
    Posted to Market Update (Weblog) by 278262 on June 2, 2009
  • Spring Projects to "Summerize" your home

    "Summerize" Your Home with These Spring Projects It's hard to believe, but the official start of summer is just a few weeks away! Here are some spring cleaning projects you should definitely consider tackling before the hottest days of summer descend upon us.   Air Conditioning It's important to have your air conditioner ...
    Posted to Market Update (Weblog) by 278262 on May 25, 2009