News

Message from our office manager Linda Varela:

“CONGRATULATIONS! Let me brag on you all for just a moment.
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For anyone thinking about hiring a builder for custom work, here are some points to consider:
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Housing and Urban Development Secretary Shaun Donovan said Sunday on CNN’s “State of the Union” that the administration would “do everything we can” to stabilize the U.S. housing market.
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The seemingly endless run of bad housing news is discouraging some potential home buyers from considering a purchase. But the truth is that the advantages of homeownership have very little to do with investment gains. The best things about owning a home have a lot more to do with personal comfort and satisfaction.
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In Freddie Mac’s most recent interest rate survey, the 30-year fixed rate fell to 4.44%. This mark a new record low as interest rates continue to slide.
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What real estate nightmare? Home ownership remains a big part of the American dream, according to a new survey.
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More construction loans are going bad than any other kind. Percentage of loans by category that were 90 days or more past due among FDIC-insured lenders on March 31:
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With housing recovering slowly, most economists predicted in a recent survey that it would take at least five years for average home prices to climb back to the levels they commanded in 2006.
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Trend could portend fewer defaults, foreclosures down the road.A smaller percentage of U.S. homeowners were saddled with “underwater mortgages” in the second quarter as more homes entered the foreclosure process even as price declines slowed, real estate website Zillow.com said Monday.
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By Stan Luxenberg–Real estate mutual funds have been soaring. During the past year, the funds returned 39%, outpacing the S&P 500 by 25 percentage points, according to Morningstar.
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