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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 ...
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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 ...
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If you have been waiting for brand new homes in the Eastvale area of Corona, your wait is over! We have a few BRAND NEW, never lived in homes available.
Sizes range from 1220 sq. ft. to 2220 sq. ft., there are one and two story homes available, and feature from 3 - 5 bedrooms. They are located freeway close, and near new shopping centers, and ...
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Save the date! Here is another free event for the residents of Corona!
The Tree Lighting and Holiday Celebration is scheduled for Sunday, December 6, 2009, and will include entertainment by the Corona Symphony Jazz Band and a special performance by the world famous All American Boys Chorus. The event will also ...
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Wow! This is the one you have been waiting for! A standard sale in the Sycamore Creek community in Corona, Ca. This home is over 3000 square feet, has 4 bedrooms, 3.5 bathrooms, a 3 car tandem garage, extra large master suite, granite in the kitchen, and so much more. This home has never been lived in, and will sell fast. Not a short sale, not a ...
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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 ...
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According to the National Association of Realtors (NAR), existing home sales in June rose by 3.6% to an annual rate of 4.89 million, the highest since last October. Lawrence Yun, NAR chief economist, said: "The increase in existing-home sales occurred in all major regions of the country." Analysts say that this signals moderation in ...
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Sales of newly built, single-family homes rose 11% in June, 2009 to a
seasonally adjusted annual rate of 384,000 units, according to numbers released by the U.S. Commerce
Department. Coming on the heels of an upwardly revised number for May, the gain
marks a third consecutive month of improved sales activity.
“This is good news ...
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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: ...
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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 ...
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