Mortgage rates closed out 2012 near record lows, keeping home affordability at a significant high as the nation and housing market move towards an uncertain future in 2013. While the country’s financial issues are impacting overall confidence, mortgage rates continue… Continue Reading
Late Tuesday night, Congress reached a settlement in the “fiscal cliff” negotiations. As a result, the Mortgage Forgiveness Debt Relief Act has been extended for another year. The measure will continue to exempt from taxation mortgage debt that is forgiven… Continue Reading
California’s median price continued to register double-digit gains from year-ago levels and strong sales of higher-priced homes led to a year-over-year increase in sales in California during November, the CALIFORNIA ASSOCIATION OF REALTORS® reported this week. The statewide median price… Continue Reading
FHA has been working with Congress since the release of the audit showing the agency may need a taxpayer bailout on what changes will be made to stabilize the FHA’s financial position. This week, the FHA issued a letter to… Continue Reading
Amid rising home prices, increasing home sales, and falling delinquencies and foreclosures, more than 1 in 4 consumers (27 percent) feel more positive about homeownership than they did six months ago, compared with 19 percent who report feeling more negative,… Continue Reading
Bank of America recently added information to the agent resources section of its website saying the bank can review a short sale offer while the loan is in an active bankruptcy. To complete a short sale and issue the approval… Continue Reading
During the holidays there are several organizations requesting donations for various causes – many of them legitimate. However, consumers should take precautions and adhere to certain guidelines to stay safe and avoid being scammed. Consumers should be cautious of individuals… Continue Reading
Los Angeles Times Luxury-home flipping is heating up in affluent neighborhoods as well-heeled builders and investors seek better returns than they get on other investments. Read the full story
By properly staging a home, it is possible to sell a house during the holidays, even with the slowdown in house hunting during November and December. Homeowners should make cleaning and decluttering the house their number one priority when looking… Continue Reading
Homeowners should be wary of anyone selling home security systems door-to-door. According to the state Dept. of Consumer Affairs, the salesperson could be breaking the law and trying to scam homeowners. The department warns homeowners that anyone selling home alarm… Continue Reading