New Forecast Hints at Recovery Next Year

Posted: 6/20/2012

Economists at UCLA have released a new report forecasting that the housing market won't begin a full-fledged recovery until next year. A large increase in sales with a small jump in values is not enough to make economists believe that the market has already turned {...}

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One Third of LA County Homes Underwater

Posted: 5/24/2012

New housing data released by the real estate website Zillow shows that nearly 1 out of 3 homes in Los Angeles County owe more on their mortgage than their home is worth. Areas further away from city hubs show a larger portion of homes, up to 60% or more, {...}

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New Laws Set to Help Short Sales

Posted: 5/03/2012

New federal rules are set to help the short sale process become quicker for buyers and sellers. An estimated 11 million homeowners are underwater on their home and in June new policies will be put into place to keep banks from delaying short sale {...}

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CA Congressional Members Against Bulk REO Sales

Posted: 4/09/2012

Eighteen members of the California State Congress signed off on a letter to the Federal Housing Finance Agency urging acting director Edward J. DeMarco to not implement a bulk REO purchasing program. The program would allow more than 600 Fannie Mae owned foreclosed homes in Los Angeles and Riverside counties to be sold to investors, who {...}

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Have We Hit Bottom?

Posted: 3/22/2012

Have we hit the bottom of the marketWhile the question "have we hit bottom?" has sneaked its way to front page of every newspaper at some point for the past three years, new signs could indicate we are near the bottom of the housing market crisis. Home sales across {...}

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Good Financial Decisions

Posted: 3/05/2012

DecisionsAs the housing market started to fall into crisis between 2005 and 2006, many homeowners stopped paying on their monthly mortgage. Some homeowners simply could not afford their payments while others, who could afford their home mortgage but chose not to {...}

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Home Prices Drop in 4th Quarter

Posted: 2/24/2012

Home prices across the US fell 2.4 percent in the fourth quarter compared from a year earlier. Home prices in California fell 4.6 percent compared to the previous year, which means the state's home prices have dropped 44 percent on average in the past five years. With continuing home value woes, California ranks 9th as the worst home {...}

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Mortgage Settlement Reached: The Good and Bad News

Posted: 2/10/2012

This week, a landmark $25 billion settlement was reached by the federal government along with 49 states and the nation's five biggest banks. The agreement will provide benefits for hundreds of thousands of homeowners who have been affected by the housing crisis. Nationwide, the impact of the settlement is meant to help take a step {...}

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Short Sale Now or Later

Posted: 1/25/2012

Housing QuestionsWith the current housing and economic woes, many people are questioning whether or not to short sale their home now versus three or four years from now. The decision at what point to short sale your home relies both on short term and long term {...}

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Home Prices at 2001 Levels

Posted: 1/06/2012

When taking into account the yearly rates of inflation, we are now seeing home prices at 2001 levels according to the S&P/Case-Shiller 10-City Composite Index. Considering the minor dip of home prices at the start of 1990 and the flat lining of home prices in the early 90's, we are close to an inflation corrected median price of a homes {...}

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