Rental market softening

Rental market softening

Not surprising since dopey hedge funds flooded the market with homes they overpaid for and putout for rent instead of re-selling.The median rent for single family homes in LA fell 4.1 %last quarter from last year at the same time. [note color=”#ffffff”]In...
13 ways to buy property with no money

13 ways to buy property with no money

13 Ways to Buy Property with Nothing Down ! ! ! Nothing down does not always mean no cash to the seller. Here are 13 creative ways to buy for cash with no cash out of your pocket.   [highlight bg=”#fc0″ color=”#000″] 1. [/highlight] Find...
Foreclosures Rise from 6yr Low

Foreclosures Rise from 6yr Low

Foreclosure activity accelerated in July [highlight bg=”#fc0″ color=”#000″]rising off of the 78 month low[/highlight] it reached in June, RealtyTrac said today. There were 130,888 foreclosure filings – including default notices, scheduled...
Southland prices flat in July

Southland prices flat in July

Southern California home prices are the same in July from June as more houses went on sale and interest rates rose.The median sales price in the six-county region was $385,000 last month, unchanged from June, DataQuick said Wednesday. The median is an amazing 25.8%...
Affordability drops again

Affordability drops again

The affordability of California homes is dropping rapidly as prices continue to soar and now higher interest rates are compounding the problem. The California Association of Realtors® (C.A.R.) reported today that its Home Affordability Index (HAI) dropped 8 percentage...