Home inventories of for-sale listings continue to fall, which may help raise overall housing prices as demand picks up.Inventory of for-sale single-family homes, condos, townhouses, and co-ops dropped…
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Sales of new homes remain anemic by historic measures, but homebuilders have cut back so drastically on construction that new-home inventories are no longer bloated.New single-family homes were selling…
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Record low interest rates continue to pump up mortgage volume, as more borrowers try to take advantage. Mortgage applications increased 3.8 percent for the week ending May 18, the Mortgage Bankers Association…
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1. Research before you look. Decide what features you most want to have in a home, what neighborhoods you prefer, and how much you’d be willing to spend each month for housing. 2. Be realistic. It’s…
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5 Factors That Decide Your Credit ScoreCredit scores range between 200 and 800, with scores above 620 considered desirable for obtaining a mortgage. The following factors affect your score:1. Your payment…
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SAN DIMAS REAL ESTATE MARKET WATCH - May 12-18, 2012 Market Watch New Listing (8) Price Change (4) Back On Market (10) Backup Offer (5) Expired (0) Pending (8) Sold (6)Okay, so this is another…
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A new study estimates that 17.3 million prospects for new mortgages are being overlooked by lenders. Many of these prospects hold little credit history and, therefore, may be viewed as a risk to some lenders…
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Housing affordability conditions for all buyers reached a milestone in the first quarter, according to the National Association of REALTORS®.NAR’s composite quarterly Housing Affordability Index rose…
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Bank of America announced that for a limited time, they are offering enhanced relocation assistance payments in which qualified homeowners who initiate a short sale without an offer could be eligible to…
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How Local is Local?Okay, so after I wrote my blog this morning about real estate being local, there was an interesting post on my Twitter Feed from a mortgage company. It's to THIS LINK - an interactive…
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Late last week, President Obama said more home owners are taking advantage of government programs to refinance into ultra-low mortgage rates, but there's still more Congress can do to make refinancing…
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Real Estate Prices - Up or Down?Okay, so you all know how I try and stay on top of the real estate news whether it be local or national. And here is a great example of WHY real estate is local... extremely…
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Buying Step 3: Get Loan PreapprovalFew people can buy a home for cash. Most buyers, especially first-time purchasers, require a loan. Real estate financing is not just about getting a loan, it’s about…
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The rate of borrowers past due by 60 days or more on their mortgage payments fell in the first quarter to 5.78 percent, the lowest delinquency rate since 2009, according to TransUnion.The pace was lower…
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Linda answered:
Do you have rent or lease to own homes?
Actually they are listed as owner will carry or lease option in the MLS. Therefore, in working with a local professional Realtor it will make all the difference to your experience. Th
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Home Inspections Avert Future HeadachesSuppose you bought a house and later discovered, to your dismay, that the stucco exterior concealed a nasty case of dry rot. Or suppose that when you fired up the…
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How to Set a List Price for Your HomeSetting the list price for your home involves evaluating various market conditions and financial factors. During this phase of the home selling process, your REALTOR® will…
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Short Sales ExplainedA short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept…
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The news has been abuzz in the past few weeks about the historic Robo-Signing Settlement reached between the government and five major lenders. The settlement raises lots of questions. But for distressed…
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FACING DISTRESS, UNAWARE WHAT HAPPENS IN A FORECLOSURE, TAKE A MOMENT TO REVIEW THE VIDEO BELOW. YOU MAY AVOID FORECLSOURE, VISIT YOUR RESOURCES
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