We all know they story of the boy who cried wolf—if you hear something over and over again, despite how important it might be, it loses its significance the more you hear it.
This has been the case with the mortgage and real estate markets.
Filed under: Existing Home Sales, LA Area, Mortgage Rates, News, Real Estate Market, VRN, West Hollywood | No Comments »
One of the great things about working at Sotheby’s International Realty® is the truth that we are a truly international brand with a global referral network reaching dozens of countries not to mention states. So when I read this article from HSH I realized that it was totally in order to contact agents in these [...]
Filed under: Buying, Commentary, Making Home Affordable, Money-Saving, Moving, News, Real Estate Market, VRN | No Comments »
The results of RealtyTrac’s Q1 2011 U.S. Foreclosure Sales Report are taking up a lot of headlines across the web. The report, providing little encouraging news to a housing market desperate for a recovery, should however, open the eyes of some prospective homebuyers sitting on the sidelines.
Filed under: Buying, Economy, For Sale, Foreclosure, LA Area, Money-Saving, News, Real Estate Market, Short Sale, VRN | No Comments »
Despite continuing low mortgage rates, one prominent Detroit bankruptcy attorney says ARMs remain a looming danger and should be avoided.
Filed under: Finance, Loan modification, Money-Saving, Mortgage, News, Real Estate Market, Refinance, VRN | No Comments »
A chance to remodify your loan mod: If you were unsuccessful at modifying your home loan, perhaps this will sound familiar: while you were making your trial payments, your servicer simultaneously began the foreclosure process.
Due to the federal penalties against mortgage servicers and a recent court ruling in California, a new wrinkle to the foreclosure prevention effort has emerged. If you [...]
Filed under: Loan modification, Mortgage, News, Real Estate Market, Refinance, VRN | No Comments »
Two weeks ago I suggested that homebuyers be ready to act swiftly if mortgage rates dipped, since most experts are predicting that rates will remain on an upward trend as we look forward. I hope you potential homebuyers out there were listening because mortgage rates did ease last week, and current market conditions have made [...]
Filed under: Buying, Loan modification, Mortgage, Mortgage Rates, News, Real Estate Market, Refinance, VRN | No Comments »
After reading the title of this post you may be saying to yourself, “Why would I want rates to rise?” Don’t get us wrong, historically-low mortgage rates have been one of the only things keeping the housing market moving. However, these rock-bottom rates are also an indication of just how poor things are, economically speaking.
That [...]
Filed under: Mortgage Rates, News, Real Estate Market, VRN | No Comments »
I’m up to my eyeballs everyday in the latest financial and economic news because it’s my job. That said, I wasn’t surprised at all when I read (and I have read it many times before) that many economists feel that the economy would be better off if policy makers stepped aside and let the natural [...]
Filed under: News, Real Estate Market, Refinance, VRN | No Comments »
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