Good Real Estate News

Why California has Hit Bottom

California’s median price for an existing single-family house rose for the third straight month, a sign that the state’s battered real-estate market may be bottoming out. California’s real-estate market, the nation’s largest, is seen as a barometer of the U.S. economy. Housing prices soared during... 

Alabama’s home sales up 9 percent

Alabama’s home sales in May rose nearly 9 percent, as the market began to feel a favorable impact from greater affordability and first-time home buyer credits, said a recent report. According to the Alabama Center for Real Estate at the University of Alabama, 3,409 homes were sold in the state last... 

Forbes Calls L.A. 5th Best City to Buy a Home

Los Angeles is the fifth-best American city to buy a house, Forbes magazine said in a new ranking of U.S. metro areas. “While the majority of the nation’s housing markets are still working toward a bottom, some cities are boasting fundamentals that make them good places to buy a home now,” Forbes... 

Home Sales Rose in May

Home sales rose for the second straight month and inventory got trimmed. Home prices still show much lower values from a year ago, but part of that is due to more transactions on the lower-priced homes and fewer on the high-end. The rise in the national median home price should not be viewed as a genuine... 

Recovery

Recovery is creeping its head in a few metros according to The Brookings Institute: McAllen, Texas is the only metropolitan area that saw growth in both employment and output during the first quarter of 2009. Employment rose in New Haven, Conn. and Baton Rouge, while output also increased in Seattle,... 

More Good News

Multiple Offers and Sales Abound

Just got off the phone with one of my Realtor buddies and this twenty year vet tells me he has more in escrow since 2005. Multiple offers are cropping up all over Southern California as first time home... 

Stop Shoulding All Over Yourself

When I relaunched this blog in the heat of the polarization of a new leader, I was chastised by some for my calling the President’s economic initiatives as positive for the economy. One dissenter... 

Do You Suffer From the Internet Plague

Mikey Likes It My pal Mike Work of the The Real Estate Consultants in Los Angeles commented on my most recent real estate video blog The email thread went as so: Hey TO,You have typo on the landing page.... 

Realtors See Better Times Really Close/Already Here

From NAR: http://www.realtor.org/research/economists_outlook/commentaries/rci_hilights0509 The table shows a recovery in confidence about both the current market and the expected outlook in recent months.... 

American Institute of Architects: More Deals on the cusp

The American Institute of Architects, the leading trade group for the profession, said Wednesday that its index of “work on the boards” reported by architects was 42.8, down from the 43.7 mark... 

Real Estate and Mortgage News

Multiple Offers and Sales Abound

Just got off the phone with one of my Realtor buddies and this twenty year vet tells me he has more in escrow since 2005. Multiple offers are cropping up all over Southern California as first time home buyers are snapping up deals. Home sales went up in May in several States. Ground zero of the real... 

Stop Shoulding All Over Yourself

When I relaunched this blog in the heat of the polarization of a new leader, I was chastised by some for my calling the President’s economic initiatives as positive for the economy. One dissenter and a strong believer in Libertarian and Ayn Rand like views is JP Micek. I told JP I get it. But I... 

Do You Suffer From the Internet Plague

Mikey Likes It My pal Mike Work of the The Real Estate Consultants in Los Angeles commented on my most recent real estate video blog The email thread went as so: Hey TO,You have typo on the landing page. I like the fresh out of bed look…Seriously, the v blog medium has a lot of sizzle. My response... 

Realtors See Better Times Really Close/Already Here

From NAR: http://www.realtor.org/research/economists_outlook/commentaries/rci_hilights0509 The table shows a recovery in confidence about both the current market and the expected outlook in recent months. A score of less than 50 indicates relatively poor market conditions; the current score of 33.5 for... 

American Institute of Architects: More Deals on the cusp

The American Institute of Architects, the leading trade group for the profession, said Wednesday that its index of “work on the boards” reported by architects was 42.8, down from the 43.7 mark in March. This was the first time since last August and September that the index was above 40 for... 

Good Mortgage News

EXPAND HOME AFFORDABLE REFINANCE PROGRAM TO 125 PERCENT LOAN-TO-VALUE

  The Federal Housing Finance Agency has authorized Fannie Mae and Freddie Mac to... 

Monthly Payments Lowered by 67%

If you you could buy a valuable asset for what once cost 44% of your income now costs... 

Builders Take the Rates Even Lower

Some  home builders are offering lower mortgage interest interest rates than the...