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Posted by admin in Mortgage Rates, Real Estate, Southern California Real Estate on 06 15th, 2011 | No Comments

Mortgage Applications Increase in May...

Last month, applications for Mortgage demand reached its highest point in nearly 3 months, due to falling interest rates. Surging demand to purchase and refinance homes helped fuel the biggest percentage gain in applications since March according to the Mortgage Bankers Association. The seasonally adjusted...
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Posted by admin in Housing Recovery, new homes, New Homes Magazine, Real Estate, Southern California Real Estate, US Economy on 06 8th, 2011 | No Comments

Fed Chief: Economy Slowing, but Growth A...

Federal Reserve Chairman, Ben Bernanke spoke to Congress on Tuesday noting that the job market and the overall economy has begun to weaken. Mainly due to higher energy prices, weather, the Japan crisis, and consumer confidence.  Though he also noted he expects the weakness  to be short-lived and...
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Posted by admin in Loan Modification, Mortgage Modification, new homes, New Homes Magazine, Real Estate, Southern California Real Estate on 05 10th, 2010 | No Comments

Late Mortgage Payments Show Surprising D...

Source: Associated Press/AP Online Publication date: May 10, 2010 NEW YORK – The rate of late mortgage payments dropped in the first quarter for the first time since 2006, according to credit reporting agency TransUnion. The 60-day delinquency rate slipped to 6.77 percent, from 6.89 percent in...
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Posted by admin in new homes, New Homes Magazine, Real Estate, Southern California Real Estate on 04 27th, 2010 | No Comments

Housing is Hard to Judge Now...

By: Diana Olick CNBC Real Estate Reporter AP Over the weekend, after Friday’s report on sales of newly constructed homes, I found myself in a bit of a “debate” with California-based real estate analyst Mark Hanson, for whom I have great respect. Hanson suggested...
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