US Existing Home Sales Plunge More Than ...

Sales of previously occupied homes took the largest monthly drop in more than 40 years last month, plunging far deeper than expected after lawmakers gave buyers extended time to use a tax credit. The National Association of Realtors says sales fell 16.7 percent to a seasonally adjusted annual rate of...

Builders Go Shopping for Land; Some More...

It’s taken sometime, but recently, the Inland Empire has been a hot spot for builders buying up land at low prices. This is the first time in more than 3 years builders have been actively shopping for land to build future communities. The landscape of these communities is not determined yet, but...

New Homes vs. Forclousure...

Everyone has heard of the “deals” out there with buying a foreclosure; are they really there? Is it that easy, buy low, rent out, or improve and sell higher? This can help explain what I am talking about “Buying Foreclosures” another article is “Why Buy New” It’s...

Rates Edge up, but still at record lows...

8/28/09-This week, the 30yr fxd mortgage rate, climbed slightly to 5.14%. Slightly higher than last week, and still near record lows. Lenders have tightened their standards for consumer loans, since the boom/bust of the industry. Though well qualified home buyers will receive the benefit of clean credit...

Orange County New Home Supply Lowest in ...

Builder Confiedence has risen 4 straight months; Why? Their inventory is at record lows, which has lead to speculation in Orange County, Ca of a possible bottom.  New home sales numbers released from the Census Buearu confirm just that, inventory has been declining drastically. Low Rates, Tax Incentives,...