Gary's Blog

California's housing is predicted to post a modest decline this coming year - but the sale of existing homes will stabilize from the precipitous decrease experienced this year, in 2007, according to C.A.R.'s "2008 California Housing Market Forecast" released today.  The Trade Show for CALIFORNIA ...

The latest UCLA Anderson Forecast quarterly report states that the U.S. will not hit a recession - but we will find it could be perceived to be close because of decline in some jobs and the national badgering daily talking about the subprime mortgage crisis.Yes, I agree that some lenders should n...

How to get the best possible mortgage for your home buying.  This is a tight and tougher market for obtaining a mortgage.  Many potential home buyers are asking this question - and also how to obtain a good mortgage if they want to refinance. If a borrower applies for an adjustable rate mortgage ...

Congress is proposing to target homes that are larger than 3,000 square feet.  Their idea is to entice people to conserve energy.  Therefore, they are talking about eliminating the mortgage-interest tax deductions for houses larger than 3,000 square feet.  Rep. John Dingell, Chairman of the House...

The President has announced new initiatives to assist borrowers who may be in trouble with mortgages that are considered to be high-risk type of loans.  Federal Housing Administration - FHA -  is planning to help the borrower/homeowners who have a good credit history, but possibly won't be able t...

The average of households that could afford to buy a home considered as an entry-level home in California is  24 percent  Last year, in the second quarter of 2006 it was at 23 percent.This Affordability Index percentage is stated from the California Association of Realtors (R).  First-time Buyer ...