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Ron Henderson

Very Few Foreclosures in the System

A client the other day asked "how about a deal on foreclosures?". The quantity of foreclosures, or distress sales in the system are at historic lows. Back during the recession 10 years ago, foreclosures and short sales were a combined 70% of the real estate sales transactions. Now they're only a ... » Learn More about Very Few Foreclosures in the System

Filed Under: Market Updates, Mortgage Rates Tagged With: California Real Estate market, economics, foreclosures, housing affordability, Loan Modifications, refinance, short sales

Federal Reserve Goes Dovish, Fed Rate to Stay Neutral Through 2019, Mortgage Rates drop

The Federal Reserve went dovish today with their announcement after the FOMC March meeting, conveying employment and economic conditions are historically solid, but slowing. The highlights: No Fed Funds rate increases through 2019-2020. We’ll see, as they were predicting 3 or 4 increases ... » Learn More about Federal Reserve Goes Dovish, Fed Rate to Stay Neutral Through 2019, Mortgage Rates drop

Filed Under: Mortgage Rates Tagged With: ARM vs. fixed-rate mortgages, economics, fed funds rates, mortgage rates

Three Repairs to Help Save a Home Sale

If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me. Ron Henderson GRI, RECS, CIAS President/Broker Multi Real Estate Services, Inc. Gov’t Affairs Chair – California Association of Mortgage Professionals BRE #00905793 NMLS ... » Learn More about Three Repairs to Help Save a Home Sale

Filed Under: Uncategorized

Federal Reserve’s New Keyword is Patience – No More Hikes for a While

The Federal Reserve has reversed their previously conveyed interest rate plan. Fed Chair Jay Powell indicated there are too many crosscurrents , and the appropriate policy will be to stay pat on the present Fed Funds Rate of 2.25-2.5% for a undetermined period. Only 6 weeks ago the perceived Fed ... » Learn More about Federal Reserve’s New Keyword is Patience – No More Hikes for a While

Filed Under: Mortgage Rates, Regulations and Laws Tagged With: ARM vs. fixed-rate mortgages, economics, mortgage rates

California Housing Market at a Glance

Based on the California state housing market statistics, year over year pricing is up 1.5%, sales are down 11.6%, inventory is up 40% to 3.5 months (note 5 months is considered normal), and the time on the market is up 28%. Overall the state statistics reflect a slowing, but fairly normalized ... » Learn More about California Housing Market at a Glance

Filed Under: Market Updates Tagged With: California Real Estate market, economics, housing affordability

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