Property Conditions for FHA Mortgage Approval
March 19, 2012
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Here’s a great article written by Rosemary Rugnetta on FreeUpdate.com providing background on the FHA guidelines for properties purchased with FHA loans. Property conditions for FHA mortgage approval are an important part of the mortgage transaction. FHA property guidelines are
Continue Reading →Pasadena Real Estate Market Summary for March 2012
March 18, 2012
Pasadena real estate market summary for March 2012: Average price per square foot for Pasadena was $343, an increase of 0.9% compared to the same period last year. The median sales price for homes in Pasadena for Dec 11 to Feb 12 was $453,250 based on 326 home sales. Compared to the s
Continue Reading →Good News for Underwater California Homeowners
March 07, 2012
Refinancing options now exist for California homeowners who are underwater with their mortgages. Refinancing programs depend mainly on the type of financing on your home, but if you owe more than your home is worth, consider these options to reduce your payments by hundreds of dollar
Continue Reading →2011 seen as ‘turning point’ for home prices
More than half of economists, real estate experts and investment strategists polled by MacroMarkets LLC in June said they now expect national home prices to hit a bottom sometime in 2011 and remain stable through 2015. MacroMarkets polls more than 100 housing experts with a wide ran
Continue Reading →U.S. Home Prices: ‘Double-Dip’ Confirmed
June 01, 2011
U.S. home prices hit their lowest level since the beginning of the recession, according to the latest Standard & Poor’s/Case-Shiller National Home Price Index released today. NEW YORK (CNNMoney) — Home prices hit another new low in the first quarter, down 5.1% from a
Continue Reading →Zillow Index Shows Accelerating Price Declines
An index maintained by listings and valuation portal Zillow.com shows U.S. home-price declines accelerating during the first three months of 2011 to post a cumulative drop of 8.2 percent from a year ago that left more than one in four homes with a mortgage underwater. A 3 percent decl
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