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 ... » Learn More about California Real Estate Market at a Glance
Home Prices
California Housing Market at a Glance
The California month over month home sales jumped almost 10%. That was to be expected because the November sales dropped due to the new Truth in Lending, RESPA, Integrated Disclosures (TRID) delaying closings. The Affordability Index has been hanging in there and not being affected by the 8% ... » Learn More about California Housing Market at a Glance
Good and Bad News for Short Sales and Loan Modifications
The appropriations bill, which is a $600 billion bipartisan spending bill signed off by the President last week includes a provision allowing homeowners to exclude forgiven mortgage debt (the remaining mortgage loan balance when a borrower’s principal residence is sold in a “short sale” to avoid ... » Learn More about Good and Bad News for Short Sales and Loan Modifications
California Real Estate Market at a Glance
The California real estate market stayed stable through October. The quantity of sales, and the median home prices dropped slightly, but that's not untypical for this time of year. The mortgage rates went up slightly over the past few weeks, and may effect the affordability index next month. If you ... » Learn More about California Real Estate Market at a Glance
Think Twice About Using a HERO Energy – Water Conservation Financing Program
HERO (Home Energy Renovation Opportunity) is a PACE (Property Assessed Clean Energy) program that allows homeowners to finance energy-efficient and water-saving home upgrades, with payments made through their property tax bill. The government is aggressively marketing this program to homeowners, and ... » Learn More about Think Twice About Using a HERO Energy – Water Conservation Financing Program