David Ethridge's (davidethridge) Blog

Thanks to my friends Christy Van and Robert Strausas from USA National Title Co. in Huntington Beach for providing the report with this information: Long Beach Sales by ZIP Code, Month of April 2009 SINGLE FAMILY HOMES 90802 - 2 homes sold, median price $190k90803 - 12 homes sold, median price $7...

It's been a while since I did one of my "What will my payment be?" blogs, so I thought it was high time I did. People always want to know what their payment will be. Of course, your credit as well as the amount you have for down payment both play a major role in determining your final payment, bu...

  Here's the latest update I got from Steve Hageman at Bank of America on current mortgage rates. They show about a half point jump from just last week (see : Interest rates take a beating this week ) when they had already made a big jump. Buyers should take note and get the ball rolling if they ...

This is a great post from James Downing's blog today:As we all know - in years past; just about anyone could get a mortgage.  Of course there were standards; but they pretty darn loose.  A mediocre credit score; very little cash and even shaky job history - would get you qualified for a mortgage....

Website Resources:   Making Home Affordable The Making Home Affordable Program announced on March 4 , 2009  includes Fannie Mae Affordable Refinance options and the Home Affordable Modification Program.  The information can be obtained at https://www.efanniemae.com/sf/mha/index.jsp or http://www....

Here's an email I got from one of my main loan officers this weekend:   Hello!   It's been a bumpy ride for Lending this week! We had 5 pricing increases in a single day (May 27)! This was due to a massive run on the Bond Market stemmed by inflation fears. The market did settle down and produced ...

This is the sort of thing that I would normally just let go as one of those things that happens during the day-to-day business of real estate. But since it happened to me TWICE today, I thought it deserved a little air time on my blog. I was showing condos to my client. The MLS listing said to Go...

Even though my dad was a veteran, he was out of the service before I was born and never talked much about it. This Memorial Day though, I've really spent some time remembering that part of his life. You see, my dad passed away two months ago yesterday, so these past few weeks have been filled wit...

  Some of you may have heard about the back-and-forth going on over the $8000 tax credit for first time buyers. They want first time buyers to be able to use the credit towards their downpayment, but current FHA rules prevent this. However, good news is coming down the road. Here's a message I go...

  If you were wondering just how many foreclosures there are in Long Beach, then here's some stats for you. This shows how many foreclosed homes are currently listed for sale on the MLS for each ZIP code in Long Beach.   90802  1790803  690804  1090805  46 (yep, more than twice as many as the nex...