By Don | February 25, 2009
I was just looking this morning at a new Countrywide REO listing in the McKeon condos with an asking price of $148k. It last sold in 2006 for $352,000. Investors are renting out these units for around $1,200+ a month, but what would the payments be for a Ventura homebuyer at today’s low prices and interest rates? Here are the numbers: Read the rest of this article »
By Don | February 25, 2009
I was just looking at BankRate.com to see how the FHA interest rate has changed over the last couple of months (it’s plunged), and their chart says it all:
That’s why entry level buyers are coming out of the woodwork to snap up the REO and distressed sale properties!
By Leslie | February 24, 2009
I’m searching the Camarillo MLS for my client who wants to buy an entry level home in the Mission Oaks area and boy, was I surprised! Read the rest of this article »
By Leslie | February 20, 2009
Actively working with a buyer this week, who is looking for an entry level (plus or minus $400k – preferably closer to $350k), single family home in Ventura, has brought shades of 2003 back to mind. It’s crazy out there! Read the rest of this article »
By Don | February 20, 2009
The California Association of Realtors (CAR) has just published updated links and fact sheets for the loan modification programs of the larger lenders plus government entities.
By Leslie | February 18, 2009
Our February 2009 newsletter mentions the $8,000 first time homebuyer tax credit, our upcoming first time homebuyer workshop, and a big decrease in Ventura real estate inventory.
By Don | February 18, 2009
President Obama just concluded his speech in Mesa, Arizona, and announced another leg in the stool of attempting to curtail the housing crisis. Here are the salient points of the plan.
By Leslie | February 17, 2009
When people are looking on our site at the Ventura MLS, they will frequently see a home listed not as “Active” but “Contingent back up”. Can you really buy that home? Is it really for sale? Read the rest of this article »
By Don | February 17, 2009
I just hit the “Publish” button for this article moments after Obama signed the new stimulus package – it’s now law. But how is this $8,000 different than the $7,500 deal Congress passed last year? Read the rest of this article »
By Leslie | February 13, 2009
I was just skimming an article at CNN Money and it raised a great question – should you pay points for your loan? Read the rest of this article »