ARCHIVED BLOG POSTS
2010
San Marcos real estate market snapshot. The foreign investment market is picking up again. Lower home prices and interest rates have made the United States an attractive place for foreign investors to park their money and Canada is one of the largest contributors. If you are considering selling y...
09/30/2010
Vista home sale market. Welcome back, The new FHA Mortgage Insurance Premium (MIP) fee changes take effect October 4th 2010. Up front MIP will decrease from 2.25% to 1% and annual MIP will increase from .50/.55 to .85/.90 for terms greater than 15 years. Locally, the key metrics below will provid...
09/28/2010
Scripps Ranch real estate market Statistics. In August housing starts increased 10.5% month over month to 598,000 annual rate, well ahead of the expected 550,000 number. Building permits, which reflect builder sentiment for the future, only grew a more modest 1.8% month over month to a slightly ...
09/27/2010
Rancho Penasquitos Ca. real estate market review. Homes are now more affordable then they have been in years and with mortgage interest rates being at all time low make monthly payments more palatable to work into the family budget. On the local front, the key metrics below will provide some insi...
09/26/2010
Rancho Bernardo California real estate home statistics. 30 Year fixed rate mortgages averaged 4.37 percent with an average .7 point for the week ending September 23, 2010, unchanged from last week when it averaged 4.37 percent. Last year at this time, the 30 year fixed rate averaged 5.04 percent....
09/24/2010
Poway home and townhouse sales market report. Recent data gathered by staistical reporting agencies show that one in ten CA. homeowners is 60 days late on their mortgage and approximately 2,500,000 CA. homeowners are upside down, owe more on their home than it's worth The Federal Housing Administ...
09/23/2010
Mira Mesa California real estate market snapshop. Fannie Mae released a survey report showing 70% of those polled in June and July feel now is a good time to buy. Homes are now more affordable then they have been in years and with mortgage interest rates being at all time low make monthly paymen...
09/21/2010
Oceanside real estate maket snapshot. Greetings, Recently the Federal Housing Administration (FHA) introduced the "Short Refinance" program designed to help home owners refinance their existing homes if they owe more money than it's worth. The goal of this process is to refinance your existing mo...
09/20/2010
Greetings, If you are in the market to purchase a home and find a property that needs repairs but you are a little short on funds, this loan may be for you. FHA's Streamlined 203(k) program permits homebuyers to finance up to an additional $35,000 into their mortgage to improve or upgrade their h...
09/19/2010
Welcome back, A recent study revealed that nearly 2,500,000 California homeowners have a negative equity condition and upwards of 30% of homeowners are now consumed by the negative equity trend which inverted the value of their home. Consequently the number of individuals choosing to walk away fr...
09/18/2010
Rainmaker
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Stephen MacLeod
Arizona and California Broker and Property Manager