With the summer selling season in full swing, millions of Americans are finalizing real estate deals and preparing for moving day. If moving day has you feeling stressed, the following tips from the experts at GoMovers.com will help you prepare for a seamless transition. -Complete as much packing of the items you’re packing yourself by [...]
Market Snapshot Monday June 14, 2010 The mortgage market started weaker this morning with the stock market opening stronger after reversing late on Friday to close better. Industrial production data from Europe this morning was better than expected boosting Europe’s stock markets. At 9:00 this morning the DJIA futures trading +76, the bellwether 10 yr [...]
Fed Chief Cautiously Optimistic about Economy The U.S. economy is in a moderate recovery and should continue growing through next year, but the unemployment rate is expected to remain higher than usual, and it will take “a significant amount of time” to replace the jobs that have been lost in the recession, Federal Reserve Chairman [...]
Mortgage Rates Could Spike as Federal Reserve Program Expires As the spring real estate season kicks in and the tax credit deadline for sale agreements approaches, the government is ending a program that has kept interest rates low and housing-affordability levels high for months. On March 31, the Federal Reserve will stop buying mortgage-backed securities from [...]
Real Estate Q&A: How to Help Family Member Buy a Condo QUESTION: My sister wants to own a $50,000 condo in California that is under foreclosure from the U.S. Department of Housing and Urban Development. But she does not have the money. I would like to help by buying this condo outright. I am being [...]
The main rule: Don’t just look at the mortgage interest rate. Take a close look at all the terms of the mortgage program. Check with several lenders, either directly or through a mortgage broker. You also can do some comparison shopping yourself on the Web. For more, see the section on Using the Web to Find [...]
Treasuries and mortgages were hit hard yesterday with the equity markets rallying; the DJIA closed up 273 points. The 10 yr note fell 40/32 to 3.32 +14 bp, mortgage prices fell 20/32 (63 bp). The same story repeats itself; stocks rally, rates increase. This morning the stock market is opening lower on the very weak [...]
The Consumer Confidence Index is rising, a potentially double-edged sword for residents of California and for Americans, in general. According to The Conference Board, economic confidence is as high as it’s been since August 2007 — 4 months before the start of the recession. Americans are optimistic again. Confidence matters to the economy because as confidence [...]
Palm Springs: Quiet Intimate Getaway The Pool House Palm Springs Do you need some time away from the hustle and bustle of daily life? Are you looking for a quite intimate getaway? If you answered yes than the The Pool House Palm Springs is the place for you! I stumbled upon this fabulous intimate 6 [...]
Palm Springs: Blue Pear Texx Mexx Restaurant Review Definitely a fan – Nothing over $9.95 on the menu – A Palm Springs Must Eat Restaurant! When we arrived we were greeted by Donald one of the owners, welcomed us all to The Blue Pear and informed us we would have a slight wait as the [...]
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Average Home Prices Slip in Coachella Valley
I’ve been reading a lot of information lately about our current market conditions from other REALTORS® who are claiming an increase is sales price and number of homes sold. I would scratch my head and ask where they were getting their numbers. Turns out their numbers are coming from national statistics. Real estate sales are [...]
Mortgage Debt Tax Relief Program Ending Soon
The Mortgage Debt Relief Act of 2007 the IRS would not come after you for your taxable amount if you had an upside-down unpaid principle as a result of loan modification, short sale or foreclosure depending on your tax bracket, let’s say you were $100,000 short on your mortgage you could be responsible for as [...]
Is your REALTOR® connected? No, I don’t mean in the MobWives fashion, if that’s what you thought, you’re watching too much reality TV. As an active Palm Springs REALTOR® I believe it’s important to take advantage of the technology available to today’s real estate professional. Everything that required an agent to go back to the [...]
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