ARCHIVED BLOG POSTS
2011
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In seismically active California there are many homeowners with no earthquake insurance. Homeowners can buy policies from the California Earthquake Authority, an independent government agency created by the state Legislature in 1996 which is the largest of a handful of insurers that sell earthqu...
03/30/2011
Interest rates impact the share of paid off mortgages. From 1971 to 2007, mortgage interest rates as reported on Freddie Mac’s Primary Mortgage Market Survey ranged from a low of 5.21 percent to a high of 18.63 percent. Today’s mortgage rates—which have between 4.19 and 5.21 percent in the last ...
03/30/2011
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For the last couple of years all we heard was that consumers in U.S. are not interested in larger homes anymore and are opting to buy smaller more affordable and manageable homes. Forget what you've heard about the incredible shrinking house. New homes are getting bigger, not smaller. And they w...
03/30/2011
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Knowing the state of the local real estate market can give you an edge while negotiating on a property. The British Columbia Real Estate Association’s web site at www.bcrea.bc.ca has statistics for the entire province. For any Real Estate professional working with international buyers/Selles, her...
03/30/2011
Despite the fact that a big portion of real estate transactions are focused on distressed and short sale properties, many of the short sales don’t close! Here is an interesting article worth a few minutes of your time: C.A.R. Newsline Fewer than three of five short sales close in California...
03/29/2011
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Despite efforts to the contrary, there still is a major gap between homeowners in danger of losing their homes and the resources available to help them avoid foreclosure. Many homeowners facing foreclosure don't know about federal and state programs aimed at helping them. Here is an interesting ...
03/29/2011
The median price of a new home in the United States is now about 48 percent higher than that of a home being resold, more than three times the gap in a healthy housing market. Many buyers in hardly hit areas are turning away from buying new homes and are considering purchasing a resale to take a...
03/29/2011
Borrowers should be advised to monitor home-lending rates. Every Thursday, Freddie Mac officials calculate average mortgage rates by compiling rates from lenders across the U.S. on Monday through Wednesday. Rates can be found at freddiemac.com/pmms. Here is an interesting article worth a few min...
03/28/2011
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The total share of all distressed property types sold statewide increased in February to 56 percent, up from 54 percent in January and up from 55 percent in February 2010. Non-distressed sales made up the remaining share at 44 percent in February, down from 46 percent in January and down from 45...
03/25/2011
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Current government modification programs are largely voluntary, and there are few rules governing servicers' practices. But recently, the nation's largest banks, including Wells Fargo & Co., Bank of America Corp., and Citigroup Inc., received a detailed 27-page proposal from state attorneys gener...
03/25/2011
Rainmaker
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Frank Farahbakhsh Moham
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Top Producer Southern California Real Estate with focus on Orange County Market
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