Loan modification through bankruptcy.

Congressman John Conyers (Democrat – MI) wrote an opinion piece today in the Wall Street Journal explaining his belief that bankruptcy judges should be given the power to modify home loans to stop the foreclosure crisis. Read the rest of this article »

Filed under article topic: Foreclosures,The Fed & Housing policy
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House passes $7,500 first time home buyer credit

As part of the $800+ billion stimulus package passed by the House yesterday, the $7,500 first time home buyer credit was modified so that it is a true credit, and not more of a loan. Read the rest of this article »

Filed under article topic: Home buyers,The Fed & Housing policy
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January newsletter

OurĀ  January newsletter shows off the new look of our website! See how the website developed over 2008.

Filed under article topic: 2009 newsletters
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New statewide California MLS coming.

In a meeting for Association brokers yesterday afternoon that Don attended, it was announced that the California Association of Realtors (CAR) formally voted last week to create a new statewide MLS. Read the rest of this article »

Filed under article topic: Random Stuff
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Pending sales for December

Here are the pending sales for December. Pending sales are homes that have gone into escrow and are a leading indicator of market activity. Oxnard is still the sales leader with sales over 3 times the volumn of last year. The majority of those sales are distressed sales – foreclosures andĀ  short sales.

Filed under article topic: 2008 Pendings
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