News Archives - Page 18 of 61

News

Alert: Unemployment Rate Falls to 9%

The nation’s unemployment rate dropped to 9.0 percent in January, although employers added just 36,000 jobs to their payrolls, according to figures just released by the Department of Labor. The rate… Read more ⇢

Homeowners Opted to Reduce Debt in Q4

Nearly 50 percent of homeowners who refinanced their first-lien home mortgage in the fourth quarter of 2010 lowered their principal balance by paying in additional money at the closing… Read more ⇢

Ask the Expert- A Guide to Mello Roos Taxes

Q. What is a Mello-Roos District? A. A Mello-Roos District is an area where a special tax is imposed on those real property owners within a community facilities… Read more ⇢

Ask the Expert – A Guide to Mello Roos Taxes

Q. What is a Mello-Roos District? A. A Mello-Roos District is an area where a special tax is imposed on those real property owners within a community… Read more ⇢

Short Sales Explained

A short sale is when a home is sold for less than the amount owed on the mortgage and the Bank has taken less than the full amount due… Read more ⇢

Understanding Capital Gains in Real Estate

When you sell a stock, you owe taxes on your gain — the difference between what you paid for the stock and what you sold it for. The same… Read more ⇢

Ask the Expert: Timing the Bounce, Negotiating an REO, Fannie, Freddie & Ginnie: Who Are They?

Q. Is now the right time to buy a condo/ townhome or will we have additional price declines with more foreclosures surfacing in the next few months? I’m ready… Read more ⇢

Tablet Showdown

The big tech topic in the real estate field for 2011 is “Which is the best tablet.” Tablet computers are the hottest consumer electronics device on the market right… Read more ⇢

Economic Update: The Week Ahead 01.24.2011

Housing and Jobs Numbers Signal Firmer Economy U.S. home resales jumped more than expected in December and claims for new jobless claims last week posted their biggest decline in… Read more ⇢

ALERT: Bank of America Loses $2.2B in 2010

Foreclosures and short sales continue to impact the economy. The nation’s largest bank reported this morning that it lost $2.2 billion in 2010, or $0.37 per diluted share. During… Read more ⇢

New Freddie Mac Refinancing Guidelines

Freddie Macnreleased new guidelines this week with revised rules regarding mortgage refinance and underwriting requirements. The announcement said Freddie Mac will make certain changes for refinance Mortgages,… Read more ⇢

ALERT: Existing-Home Sales Soar to 7-Month High

Sales of previously owned homes surged 7 percent in December, the National Association of Realtors reports. Existing-home sales have increased five of the last six months and have now… Read more ⇢

Beverly Hills 90210 stats: Week at a Glance

In the past 7 days, there were 10 new listings, 68 price reductions and 22 foreclosures in 90210. The average listing price went up 0.85% to $5,788,988 from prior… Read more ⇢

Brentwood 90049 stats- Week at a Glance

In the past 7 days, there were 14 new listings, 89 price reductions and 41 foreclosures in 90049. The average listing price went down 3.13% to $2,513,732 from prior… Read more ⇢

Short Sale Market Update: Expect five to eight more years of short sales

The consensus of short-sale specialists at Real Estate Connect (an annual industry conference) was that negative equity will be a factor for most homeowners for five to eight more… Read more ⇢

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