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  • Unemployment in Riverside County and San Bernardino County Rises

    March 11, 2010 Employers shed almost 20,000 more jobs in San Bernardino and Riverside counties in January, while nearly one-in-five people in the Victor Valley were classified as unemployed by the end of that month, according to state statistics released Wednesday. At more than 17 percent unemployed, the Victor Valley continued to top ...
    Posted to Corona Market Update (Weblog) by 278262 on March 11, 2010
  • Short Sale Process Will Get Easier for Corona Homeowners!

    After over 2 years of short sale mayhem, The Obama Administration is trying to speed up the process with its Home Affordable Foreclosure Alternatives Program (HAFA). This program offers financial incentives to lenders, servicers, and even borrowers to utilize a short sale to avoid a foreclosure sale. A short sale is when the lender agrees ...
    Posted to Corona Market Update (Weblog) by 278262 on December 20, 2009
  • 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 Corona Market Update (Weblog) by 278262 on December 8, 2009
  • Open House ~ Executive Home in Mockingbird Canyon, Riverside, on Sunday

    [calendar:2009-11-08 2009-11-08] Riverside County, California  -  We invite everyone to visit our open house at 14957 Old Grove Road on November 8 from 10:00 AM to 1:00 PM. Property information
    Posted to Corona Market Update (Weblog) by 278262 on November 4, 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 Corona 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 Corona Market Update (Weblog) by 278262 on June 17, 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 Corona Market Update (Weblog) by 278262 on June 2, 2009
  • Do you qualify for an FHA loan?

    So we had the joy of sitting with a really great couple over the weekend. This husband and wife were reviewing an offer that came in over the weekend on the home we are selling for them. We got to the part about the buyers loan, and they were really surprised how easy it was for this first time home buyer to finance their home. The buyer is ...
    Posted to Corona Market Update (Weblog) by 278262 on April 26, 2009
  • Breaking News! Home Sales Up in California in March 2009!

    An estimated 36,215 new and existing homes and condos sold in California last month, a 23.9% month-on-month increase from February and 47.4% year-on-year increase from March 08, according to a report published Thursday by San Diego-based MDA DataQuick Information Systems. March marked the ninth consecutive month of year-over-year sales ...
    Posted to Corona Market Update (Weblog) by 278262 on April 18, 2009
  • What is a Short Sale and do I want one?

    A short sale is when a lender accepts a discount on a mortgage to avoid a possible foreclosure. For example: A homeowner, who is facing foreclosure, has an existing first mortgage of $500,000. The market value of the home is $350,000. Long story short, the lender accepts the offer for $350,000 and the home is sold.  That's a short ...
    Posted to Corona Market Update (Weblog) by 278262 on December 26, 2008
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