It’s been bantered around for years, finally the Federal Housing Administration announced long awaited changes to the guidelines to approving condominiums for FHA loans. This will help in several areas. FHA loans allow for low down payments, and easier borrower qualifying guidelines than ... » Learn More about FHA Makes it Easier to Get Loans on Condos – Including Reverse Mortgages
housing affordability
Los Angeles County Real Estate Market Update April 2019
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 ... » Learn More about Los Angeles County Real Estate Market Update April 2019
California State Housing Affordability Q1 2019
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 ... » Learn More about California State Housing Affordability Q1 2019
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
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