Nef's Blog

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Real Estate Agent - RE/MAX Realty 100
RECENT BLOG POSTS
According to a California Association of Realtors article, home sales decreased 38.9 percent in September in California compared with the same period a year ago, while the median price of an existing home fell 4.7 percent, the California Association of Realtors® (C.A.R.) reported October 24th. "...
10/30/2007
As homeowners observe the falling sales prices on their homes, or their neighbor’s, many fear that foreclosure may be around the corner or that homes in foreclosure may be more widespread than their local neighborhood.  However, according to a Reuter’s article, although the risk of foreclosure c...
10/26/2007
According to a recent USA Today online article, home foreclosure filings nationwide fell 8% in September from a 32-month peak in August, but they were still nearly double year-ago levels, real estate information company said Thursday. “A total of 223,538 foreclosure filings were reported in Sept...
10/16/2007
The California legislature last week passed, and Governor Arnold Schwarzenegger signed, three laws affecting real estate transactions. Two of these laws are specifically targeted to protect the homeowner as a result of some of the excesses in the sub-prime lending debacle. The following are summ...
10/11/2007
The following is an excerpt of Thomas J. Donohue, President and CEO, U.S. Chamber of Commerce comments wherein he gives a summarized view of what happened in the subprime market and its effect on the larger housing market.  His comments are right on the money, so to speak.  “…Then something unfo...
10/03/2007
Although a bill is making its way through Congress that would change the Internal Revenue service code that makes mortgage forgiveness in foreclosure taxable, until this law passes, debt cancellation can cost a former home owner both ordinary and capital gains taxes. The bill was addressed in th...
10/03/2007
In a previous article, we addressed the changes in the local housing market. During the week, senior policy makers were busy addressing the current housing market’s woes before Congress.  Reporting last week, in an online Reuters article “The top two U.S. economic policymakers told Congress on T...
10/03/2007
Anyone following the media reports and newspaper articles on the national housing market is probably experiencing frustration in trying to assess how the reported numbers apply to the local real estate market. Well, we have done the number crunching for you.  According to information gathered fr...
09/18/2007
While there has been no lack of negative media articles detailing the results of the tightening housing market, very few have covered those effects on city and state budgets.   According to the a Wall Street Journal article, “the housing downturn is putting a dent in state and local government b...
09/18/2007
With the sales of existing homes hitting the slowest pace in five years, tightening credit standards by lenders and the stock market reflecting the housing market’s troubles, housing prices and values are becoming dinner table conversation.  Throw in the media’s focused attention on the housing ...
08/28/2007
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Nef Cortez

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