real estate

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California quick stats

Friday, September 14th, 2007

These are the latest stats published by the California Association of Realtors:
California median home price: $586,030
California highest median home price by region: Santa Barbara Southern Coast $1,100,000
California lowest median home price by region: High Desert $296,220
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Interest rates down quite a bit

Monday, September 10th, 2007

6% interest rate for 30-year loans. The lowest we’ve seen in months!
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Thinking of buying a vacation rental?

Monday, September 10th, 2007

If you are thinking of buying a vacation rental in Nevada County or already own a property and are thinking of converting it into a vacation rental, check out tips and articles at ovrentals.com .
Not only does this website have regularly updated vacation rental news, but it also allows owners and managers of vacation rentals […]

Mortgage market update

Thursday, September 6th, 2007

This is the latest update from Susan Costello, a loan consultant with Empire Home Loans in Grass Valley, California.
Good news — conforming mortgage interest rate: 6.25%!!
Read more for other mortgage news that could impact the real estate market…
read more

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US real estate transaction costs among the lowest in the world!

Monday, August 27th, 2007

In a time of some turmoil and not much good news in the local real estate market, we shouldn’t forget, there are many good things about home ownership and investing in the US.
According to Global Property Guide, a study by the Organisation of Economic Co-operation and Development (OECD) rates real estate transaction costs in the […]

Have we overstated the impact of the subprime mortgage disaster?

Sunday, August 19th, 2007

A new survey by the National Association of Mortgage Brokers (NAMB) says subprime loans continue to account for only a small percentage of loans originated this year, despite their alleged role as the leading factor in the current housing slump.
A recent survey of more than 200 brokers across the country shows that although prime loan […]

Avoid foreclosures

Wednesday, August 15th, 2007

In today’s crazy real estate and mortgage market, some people are finding themselves in over their heads with their mortgages. Foreclosures have risen, but there are often other ways out of the mess. Here are some tips for any of you who find yourself feeling trapped.
If you’re behind on your mortgage, don’t automatically assume you’ll […]

A bit of good news for the economy

Monday, August 6th, 2007

This article was reported in the California Association of Realtors August Newsline.
The Consumer Confidence Index reached a six-year high in July after falling off in June, a rebound economists view as a sign of gathering economic momentum focused away from the slowdown in the housing market and on job growth, according to The Conference Board.
The […]