Real Estate Investing
Number of CA Real Estate Agents Decreased In 2009
The number of people that have California real estate licenses declined by 5.5% in 2009. December’s agent total was the lowest monthly total since May 2006 and at the end of 2009 only 503,284 people still retained a California real estate license.
In the state there is still one real estate agent for every 25 households; [...]
9Feb2010 | Adam | 0 comments | Continued
Gov. Proposes New Homebuyer Tax Credit
This morning California Governor Arnold Schwarzenegger proposed the adoption of a new homebuyer tax credit for California taxpayers. The newest tax credit proposal would apply to the purchase of new homes as well as existing homes.
Congress has already extended the federal homebuyer tax credit, but the state tax credit was stopped early after 10,700 California homebuyers [...]
CA Property Taxes May Fall Next Year
Due to deflation it is expected that most Californians will see their property tax fall next year. This would mark the first property tax cut since Prop. 13 was implemented 30 years ago.
The reduction will more than likely cut revenue for cities, counties and schools by hundreds of millions of dollars – even though the [...]
6Dec2009 | Adam | 0 comments | Continued
FDIC Hit With Losses On Loans
The FDIC has assumed most of the risk on $80 billion in loans and other assets used in agreements with buyers of failed banks. The FDIC anticipates it will have to
cover about $14 billion in future losses.
The FDIC has agreed to absorb losses on more than 50 deals – referred to as “loss shares.” [...]
The Fed Appeal Decision On Releasing Bank Information
The Federal Reserve’s board of governors has asked the Manhattan Chief U.S. District Judge to delay enforcement of her August 24 decision that the identities of borrowers in 11 lending programs much be made public.
The case has now been sent to the U.S. Board of Appeals.
The Fed has appealed the judge’s ruling [...]
What Buyers Should Be Aware Of
The home-buying market is more competitive than ever for home priced below $500,000.
The sale to list price ratio for homes priced below $500,000 is 100%. That means that most homes are selling for their full asking price. The overall sales to list price ratio are 98% in Orange County.
At this point homes have already [...]
Number of Title Insurance Requests Increased by 9%
The number of requests for title insurance polices increased by 9% in the second quarter of the year according to First American Corp., but payments per policy fell. The change is very reflective of the current state of the housing market in which home sales increased while prices decreased.
The firm received 438,100 requests for [...]
Jumbo Loan Market Hit Hard
The jumbo mortgage market has been severely restricted, with climbing interest rates and limited availability, and these problems are affecting the entire housing market. loan
According to insights from National Association of Realtors research, sales of homes priced above $750,000 have stalled and inventory has climbed from 18.7 months in 2007 to 41.1 months in 2009.
While [...]
Federal Takeover Caused Rates to fall
The takeover of Fannie Mae and Freddie Mac by the US Government has caused mortgage rates to fall.
This brought the thirty year fixed rate mortgage down to it’s lowest in six months. It was brought down to about 5.5 percent which amounted to a one half percent drop in one day.
Economists had not expected rates [...]
Interest Rates Fall, No Help for Borrowers
With the recent buy out of lending giants Fannie Mae and Freddie Mac interest rates on thirty year fixed loans fell.
Rates fell from 6.29% to a modest 5.76%, but the flip side is a borrower’s credit score must now be a near perfect 740 to qualify.
Originally, a person with a median score of 580 would [...]
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Great info, thanks for sharing. Not much would be selling in Charleston SC if we did not have the FHA ...
I discovered your homepage by coincidence.
Very interesting posts and well written.
I will put your site on my blogroll.
:-) 
Nice writing style. Looking forward to reading more from you.
Chris Moran 
Congrats to Troy!
Aloha,
Keahi 
Very interesting information. It's nice to know that the banks may have a strategy rather than being completely reactive. ...
I found your blog on MSN Search. Nice writing. I will check back to read more.
Eric Hundin 
Hello Adam,
My husband and I participated in this years car show for the first time. My husband entered his ...
These are just a few of the things that should be taken into consideration when you are looking for a ...
I think one thing that many people underestimate is the time and money that goes into restoring an old house. ...
FHA loans over 95% require 2 apprisals with the new guidelines. The banks apparently value their opinion.