Monthly Archives: September 2012

Home prices increase again in July

Home Prices Increase Again in July 2012 According to the S&P/Case-Shiller Home Price Indices(PDF) NEW YORK (CNNMoney) — In another sign of a turnaround in the long-battered real estate market, average home prices rebounded in July to the same level … Continue reading

Posted in Uncategorized | Comments Off on Home prices increase again in July

FHA eases condo financing rules

FHA eases burdensome condo financing rules By Kenneth R. Harney September 23, 2012 WASHINGTON ― Here’s some encouraging news for condominium unit owners, sellers and buyers: The biggest source of funding for low-down-payment condo mortgages, the Federal Housing Administration, has … Continue reading

Posted in Uncategorized | Comments Off on FHA eases condo financing rules

Mortgage Rates Back to Record Lows

Mortgage Rates Back To Record Lows MCLEAN, Va., Sept. 20, 2012 /PRNewswire/ — Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates at or near their all-time record lows helping … Continue reading

Posted in Uncategorized | Comments Off on Mortgage Rates Back to Record Lows

August Sales & Prices Rise

August Existing-Home Sales and Prices Rise – NAR September 19, 2012 WASHINGTON (September 19, 2012) – Existing-home sales continued to improve in August and the national median price rose on a year-over-year basis for the sixth straight month, according to … Continue reading

Posted in Uncategorized | Comments Off on August Sales & Prices Rise

Home Sales & Job Creation Prospects

Home Sales and Job Creation would Rise with Sensible Lending Standards September 17, 2012 New survey findings, combined with an analysis of historic credit scores and loan performance, show home sales could be notably higher by returning to reasonably safe … Continue reading

Posted in Uncategorized | Comments Off on Home Sales & Job Creation Prospects

Mortgage Rates Hold Steady

Mortgage Rates Hold Steady as Markets Speculate Further Stimulus MCLEAN, Va., Sept. 13, 2012 /PRNewswire/ — Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates holding steady from the previous … Continue reading

Posted in Uncategorized | Comments Off on Mortgage Rates Hold Steady

Buying is cheaper than renting

Buying A Home Is 45% Cheaper than Renting You can save hundreds of dollars a month by buying a home instead of renting ­ especially if you can get today’s low mortgage rates, itemize your tax deductions and plan to … Continue reading

Posted in Uncategorized | Comments Off on Buying is cheaper than renting

Santa Barbara Real Estate Summary

Santa Barbara Real Estate through the end of August ‘12 for Montecito, Hope Ranch, Santa Barbara, Goleta, Carpinteria and Summerland By Gary Woods   This is an analysis of the Santa Barbara Real Estate market including Carpinteria/Summerland, Montecito, Hope Ranch, … Continue reading

Posted in Uncategorized | Comments Off on Santa Barbara Real Estate Summary

Fannie-Freddie Short-Sale Program & Credit Scores

Fannie-Freddie short-sale program may hurt sellers’ credit scores By Kenneth R. Harney September 9, 2012 WASHINGTON ― With generous new guidelines from Fannie Mae and Freddie Mac likely to stimulate large numbers of short sales by underwater homeowners, what effect … Continue reading

Posted in Uncategorized | Comments Off on Fannie-Freddie Short-Sale Program & Credit Scores

Homes Selling More Quickly

Homes Selling More Quickly, Time on Market Down with Tighter Supplies WASHINGTON (September 5, 2012) – A new measure shows the typical amount of time it takes to sell a home is shrinking, and for traditional sellers is now in … Continue reading

Posted in Uncategorized | Comments Off on Homes Selling More Quickly