by Phyllis Rockower | Jul 2, 2013 | Housing News
The pendulum is swinging back again. After years of scrooge like actions by the banks, things are changing. Rates are up to 4.6% for a 30 year fixed. If you hear lower rates quoted its because they are charging lots of points and fees. That’s the difference between...
by Phyllis Rockower | Jun 27, 2013 | Housing News, Uncategorized
Current Mortgage rates are up a full percentage point above their recent record lows, raising costs for borrowers and questions about the housing recovery. A standard 30-year fixed-rate home mortgage rate hit an average of 4.63% on Monday before backing off just...
by Phyllis Rockower | May 25, 2013 | Housing News, Uncategorized
Many people can’t sell because they are underwater so they have to rent. 27% of homeowners are still underwater despite recent price increases. In some areas, it over 50%. These people are targets for my new idea about how to make money with these properties....
by Phyllis Rockower | May 24, 2013 | Housing News
Southland houses sold at the fastest pace in 7 years. That is a 4.1 % increase from March. The median price was $357k up 3.3% from last month. Highest number since June of 2008 when it hit $360. Wow- we are back. Median prices are rising because higher priced homes...
by Phyllis Rockower | May 14, 2013 | Housing News
An economist from Trulia states that this is not a bubble- merely a rebound- Prices are 7% undervalued because the pendulum had swung back so far in the last downturn, A housing bubble is when prices soar above their fundamental value which is based on supply and...
by Phyllis Rockower | Apr 25, 2013 | Housing News, Uncategorized
The ranking considers factors such as sales/listing activity and prices, months of remaining inventory (MRI), days on market (DOM), sold-to-list price ratio and foreclosure and REO activity. Top Metros Santa Ana-Anaheim-Irvine, California Indianapolis-Carmel, Indiana...
