By: CNBC Published: Tuesday, 10 Dec 2013 Home mortgage debt rose in the third quarter of this year for the first time since the end of 2008, according to a new report from the Federal Reserve. It is a healthy sign for the housing market, arguably, but it is not exactly what it seems at face value. ... » Learn More about The new mortgage landscape: What you need to know
New FHA Loan Limits Lower for 2014
Effective Jan 1st 2014 FHA Max loan limits will be reduced to $625,500 (from $725,750) per HUD Mortgagee Letter 2013-43. ... » Learn More about New FHA Loan Limits Lower for 2014
San Fernando Valley (California) Real Estate Market Update December 2013
The San Fernando Valley real estate market is presently stable, but in transition. The foreign and hedge fund investor buying frenzy has abated, leaving the local standard buyer to do the heavy lifting going forward. The upside, the local buyers can now find properties to purchase without having ... » Learn More about San Fernando Valley (California) Real Estate Market Update December 2013
Latest Housing Affordability Data
These are the latest affordability numbers from the National Association of Realtors. They don't incorporate the tightening of loan underwriting guidelines due to the new Dodd Frank regulations that are just now starting to be imposed on mortgages, but it does give a good indication on how the ... » Learn More about Latest Housing Affordability Data
Existing Home Sales Fall 3.2 Percent in October Nationally
The national drop in existing home sales volume isn't as big a concern as the anemic 28% first time home buyers. As I've conveyed for years, the housing market is not healthy. The increase in values have been driven by hedge funds, domestic and foreign investors... Watch for my blog on the upcoming ... » Learn More about Existing Home Sales Fall 3.2 Percent in October Nationally