The 2010 housing market finished on a tear, and that momentum is carrying forward into 2011. Expect the spring season to show strongly, and for home prices to be on the rise.
FHA Extends Suspension of Anti Flip Rule Benefiting Investors and First Time Home Buyers
January 27, 2011 By
The Federal Housing Administration (FHA) intended to prevent mortgage fraud when it developed and “anti-flipping” rule preventing FHA borrowers from buying homes that had been owned by sellers for less than 90 days. Unfortunately, unintended consequences squelched legitimate purchases of foreclosed and damaged homes by small scale investors planning to repair and resell such homes…. Read More
Federal Reserve Stays put- A Simple Explanation Of The Federal Reserve Statement (January 26, 2011 Edition)
January 26, 2011 By
Today, the Federal Open Market Committee voted 10-to-o to leave the Fed Funds Rate unchanged within in its target range of 0.000-0.250 percent. Mortgage rates are reacting.
Trailing indicators- The Home Price Index Showing Flat For November
January 26, 2011 By
Home values were reported unchanged in November 2010, on average, according to the Federal Home Finance Agency’s Home Price Index.
Rent vs.Home Ownership- The Light Shines on Home ownership in 2011!
January 25, 2011 By
At last, the housing market is beginning to make sense again throughout California. The ownership line is finally crossing over the rental line on the great Homeownership graph. It is now more expensive to rent than to buy a home in 72% of major metropolitan areas across the US, according to the Trulia Rent vs…. Read More
Fed’s First Meeting of 2011. What It Means To Bay Area Mortgage Rates.
January 25, 2011 By
The Federal Open Market Committee begins a 2-day meeting today in Washington D.C. It’s the group’s first meeting of 2011 — one of 8 scheduled for the year.
Investors Its ok to own 10 homes again- Finance 5-10 Properties in California
January 24, 2011 By
In February 2009, Fannie Mae rolled back a rule that kept real estate investors from financing more than 4 properties at a time. The limit raised the maximum number of financed properties to 10. The program provides bona fide investors with an avenue to add to their respective real estate portfolios. Yes, You CAN Finance… Read More
What’s Ahead For Bay Area Mortgage Rates This Week : January 24, 2011
January 24, 2011 By
Mortgage markets worsened last week in a holiday-shortened trading week. For the second straight week, conforming and FHA mortgage rates increased.
Home Supplies Plummet, Putting Pressure On Prices To Rise in the Bay Area
January 21, 2011 By
According to the National Association of REALTORS®, seasonally-adjusted, annualized Existing Home Sales figures climbed by more than a half-million units in December as compared to November. It’s the 3rd straight month of home resale improvement nationwide.
Building Permits Surge In December; Signals A Strong Spring Housing Market
January 20, 2011 By
According to theCensus Bureau’s report, Housing Starts of single-family homes fell to 417,000 units on a seasonally-adjusted, annual basis. The figure marks a 9 percent drop-off from November, and is the lowest reading since May 2009.
