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Mortgage Rates Are Rising! Or Are They Falling?
When mortgage rates began to rise in January, it caught the attention of a lot of future local homebuyers. If they had been enticed by the record-breaking low mortgage rates that had been headline news...
View ArticleCongressman Gary Miller’s Visit!
Check it out, Congressman Gary Miller visited our Redlands office on Friday. Powerful stuff folks. He has his finger on the pulse of the Real Estate Industry. Watch this video!
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Sophisticated Local Foreclosure Funding Strategies
The mortgage industry has changed substantially since 2007, when the opportunities for “house flipping” as an investment strategy were widespread. Today, for investors seeking to take advantage of...
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A Bank-Owned Home is Not a Foreclosure!
The difference between a ‘Foreclosure’ and a ‘Bank-Owned Home’ may be technical, but important to understand. Foreclosures are properties that are auctioned off in a court process. A bank-owned home,...
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First-Time Buyers: Line Up Those Ducks!
It can happen when you least expect it: an opportunity unexpectedly opens up – and you suddenly realize that the time to become a homeowner is here! It may happen when the landlord of the local home...
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Bankers’ POV on Buying Homes in Town
Sometimes, even after your mortgage application has been approved, you have to scratch your head at apparent non-sequiturs that attach to the process (for instance, when a loan is made contingent upon...
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Local Real Estate in Your IRA?
In case you missed it, there is at least one widely overlooked local real estate investment possibility that can be available to active IRA holders. Especially if you are among those who look at the...
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A Different World: Buying Bank Owned Properties
Yes, foreclosure rates across the country continue to drop, yet local bargain-hunters can take heart: there still remain a goodly number of bank owned properties in our area. According to the National...
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Buying a Home … With a $0 Down Payment?
Some of the area’s wealthiest buyers may be getting a mortgage without putting a single dollar down. And we aren’t talking about single-bedroom fixer-uppers, either! It’s called 100% financing, and, at...
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Basics of Buying Foreclosed Homes
You may have seen the reports — and they are correct — that the number of new foreclosures has dropped almost everywhere throughout the country. Although the Mortgage Bankers Association’s report about...
View ArticleFirst-Timers Needn’t Shy Away from Their First Home Purchase
They really ought to teach this stuff in school: real-life, day-to-day economics. Youngsters out on their own for the first time are usually left to trial and error when it comes to mastering things...
View ArticleElders Challenge Logic behind Paying Off that Mortgage
Last week,The Wall Street Journal ran an article about personal finances that mortgage payers who are at or near retirement age should find thought-provoking. It centered on the idea that today’s...
View ArticleThe Two Differing Situations for Comparables
There are two kinds of situations that homeowners looking at comparables run into: THE SIMPLE COMPS: Your home is part of an area that’s more uniform than not, in a neighborhood where there are a...
View ArticleBeyond Back-of-the-Envelope: New Home Affordability
You want your approach to finding a new home to be at least somewhat hard-headed and businesslike. The financial stakes are certainly major, and to some extent, much of what your future lifestyle will...
View ArticleApparent Mortgage Rate Contradiction does Make Perfect Sense
If you’ve ever had the kind of neighbor who is apt to borrow something (like your hedge trimmer), only to later complain about how it performed, you know how much patience it takes to hold your tongue....
View ArticleHeads-Up: Mortgage Rates aren’t Standing Still
In case you set your alarm clock to go off when it was time to buy a home, that clang you may be hearing from somewhere in the distance could be it (figuratively speaking, of course). The reason has to...
View ArticleMortgage Rates Projected to Rise Sooner Rather than Later
Now that we are deep into July, with summer in full swing, there might be vague thoughts running through your mind about some potential real estate moves—but certainly not until the fall. Right now all...
View ArticleU.S. Housing Sales Prices Top Previous All-time High
For homeowners, the news was a long time coming. The bounce back from last decade’s dizzying plummet in the nation’s residential housing values has been underway for quite a while now—but those values...
View ArticleReal Estate Watchers Piece Together Week’s News
Last week was a head-swiveling version of a follow-the-dots puzzle for those who keep tabs national news related to real estate. Children like following the numbered dots to reveal a picture. You can’t...
View ArticleAgent Investigates Home Prices ‘Starting at $115 Million’
I’ll admit it: the tease was irresistible. There was no good reason why I should take the time to read on, even though it was near the top of the Wall Street Journal’s Real Estate section. This was not...
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