Pending Home Sales Surge!

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Pending home sales have gone up for three consecutive months. This reflects the broad impact of the home buyer tax credit and the affordability of houses, according to the NATIONAL ASSOCIATION OF REALTORS®.

Due to the sizable number of home buyers who responded to tax credit incentives, but may not be able close on their home purchase by the settlement deadline of June 30, NAR has asked Congress to provide flexibility on the deadline for closing.

Los Angeles Real Estate Update: Surge in Pending Home Sales Continues

Surge in Pending Home Sales Continues. Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the NATIONAL …

Publish Date: 06/03/2010 15:56

http://larealestateupdate.blogspot.com/2010/06/surge-in-pending-home-sales-continues.html

How Long After Foreclosure Does It Take Before You Can Buy Again?

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How long after foreclosure does it take before you can buy again? Jay Brinkmann, chief economist for the Mortgage Bankers Association says that “It could be well over seven or eight years before walkaways are able to obtain a mortgage to buy a home again.”

For those that have either had a short sale, the time frame to qualify to buy another home can be considerably less. We encourage those home owners that are facing a foreclosure, to weigh all of their options, especially the short sale alternative.

After foreclosure: How long until you can buy again? « Rightways's …

After foreclosure: How long until you can buy again? May 28, 2010 — rightways. NEW YORK (CNNMoney.com) — Walking away from a mortgage you can still afford to pay has consequences; everyone knows that. Your credit score is shot and it …

Publish Date: 05/28/2010 3:49

http://rightways.wordpress.com/2010/05/28/after-foreclosure-how-long-until-you-can-buy-again/

Mortgage Rates To A New Low Providing Home Buying Opportunity

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Attention: Home Buyers! Mortgage rates have fallen again. This means that it’s easier to qualify for the loan and you can get more house for the money.

Mortgage rates sink to lowest this year | KVAL CBS 13 – News …

Mortgage rates have fallen to the lowest level of the year as investors poured money into the safe haven of US government securities.

Publish Date: 05/27/2010 15:53

http://www.kval.com/news/business/95029004.html

CA Real Estate Prices 5/27/2010

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Here are recently published CA real estate prices for April, 2010. Notice that the High Desert, which includes areas such as Palmdale, Lancaster, and Victorville, have the lowest median home prices in California. Palmdale and Lancaster still offer some of the most affordable housing in the State!

CA Real Estate Fast Facts 5/27/2010 | Your Desert Blog

CA Real Estate Fast Facts 5/27/2010. Posted by Judy Horn. May 27. Calif. median home price: April 2010: $306230 (Source: C.A.R.) Calif. highest median home price by C.A.R. region April 2010: Santa Barbara So. …

Publish Date: 05/27/2010 1:42

http://yourdesertblog.com/?p=1364

Repairs To Make Before Selling Your Home

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Making a few basic repairs to your home before putting it on the market, can often lead to your home selling faster, and netting you more money in your pocket. Here’s a list of repairs to consider before you sell your home.

Repairs to Make Before You Sell Your Home | Real Estate Industry Blog

These repairs are usually very visible, so even a single loose shingle can make a buyer think the roof has problem. Fix nail holes. Get some lightweight putty to fill in nail holes from old pictures or artwork. Paint your repaired spots. … Brian Kinkade is a broker and team lead with Brokers Guild – Cherry Creek Ltd, a full service Denver real estate firm. His team specializes in Denver luxury properties, equestrian homes, and International real estate sales. …

Publish Date: 05/26/2010 21:31

http://www.wannanetwork.com/2010/05/26/repairs-to-make-before-you-sell-your-home/

House Hunting Just Got Easier

Zillow just introduced new technology on their site to help Buyers find that home that they’re looking for. Watch the video below and feel free to look around Zillow’s website. For more information on homes for sale in the Palmdale/Lancaster area, contact 661-726-0696 or Click Here To Email Us

House Hunting Just Got Easier | Zillow Blog – Real Estate Market …

Hey real estate shoppers: Shopping for homes on Zillow is now quicker and easier. From larger maps and photos, to learning more details about a home you like.

Publish Date: 05/26/2010 8:29

http://www.zillow.com/blog/house-hunting-just-got-easier/2010/05/26/

Confused About Short Sale?

short sale.thumbnailCAEEGUQ3 Should I do a short sale? Do I qualify? What is HAFA?

In early April 2010, a government progam called HAFA will affect bank approved short sales. Banks and service providers who have signed on with this goverment progam will accept short sales based on the HAFA criteria.

If you are thinking of doing a short sale, don’t wait. When the HAFA program gets implemented, the process to get approved for short sale could be prolonged. Just like the HAMP program for loan modifications, the process and criteria changed once banks signed on to meet the criteria set by the government. We don’t know yet whether this program will be better than what some banks are currently accepting.

Banks are approving short sales now. In some cases, you don’t even have to be late on your mortgage. If you are late for your mortgage, then don’t wait. Do something about it now. If you want to receive more information and find out if you qualify for a short sale, give us a call for a free, no obligation consultation at 661-726-0696 or email here.