Monthly Archives: February 2010

This, from Jon Lansner, in today's Orange County Register: For the 22 business days ending February 5 - freshest numbers from DataQuick - our region-by-region analysis of homebuying shows Orange County slices up geographically speaking this way DataQuick identified 570 … Continue reading →

This, from Jon Lansner, in today's Orange County Register: For the 22 business days ending February 5 - freshest numbers from DataQuick - our region-by-region analysis of homebuying shows Orange County slices up geographically speaking this way DataQuick identified 570 … Continue reading →

Earlier this week, the private-sector Case-Shiller Index showed home prices slightly lower between November and December. Thursday, the public-sector Home Price Index showed the same. Publishing on a 2-month lag, the Federal Home Finance Agency said home prices fell by … Continue reading →

The meltdown sent interest rates soaring and availability shrinking, but rates are declining and lenders are more willing to make loans that top the limits for Freddie Mac, Fannie Mae and the FHA. By E. Scott Reckard The Los Angeles … Continue reading →

Saving Face, If Not the House ( From Tuesday's American Banker Internet.) After years of talking about “preserving homeownership,” the mortgage servicing industry has a new buzzword: finding a “graceful exit” for seriously delinquent homeowners who do not qualify for … Continue reading →

The housing recovery showed particular weakness in the New Homes Sales category last month — good news for homebuyers around the country. A “new home” is a home for which there’s no previous owner. New Home Sales fell 11 percent … Continue reading →

I learned something interesting from my preferred lender this morning. About a year ago, enterprising people started a new phenomenon which later became known as a 'Buy and Bail'. Some, who were increasingly upside down in their present home, saw … Continue reading →

Using data compiled in December, Standard & Poors released its Case-Shiller Index Tuesday. The report shows home prices down just 2.5% on an annual basis, a figure much lower than the 8.7% annual drop reported after Q3. According to Case-Shiller … Continue reading →

You can’t get your mortgage rates from the newspaper. Last week proved it. Again. Friday morning, headlines and around the country read that mortgage rates were down 0.04 percent, on average, since the week prior. A sampling of said headlines … Continue reading →

Here is the latest Orange County Market Report from my friend Steven Thomas, the President of Altera Real Estate: “Short sales, sales of homes for less than what is owed on the mortgage, are creating a backlog of pending sales … Continue reading →