RECOVERY, BIT BY BIT
January registered a statewide rise in home sales from a year ago in some measure due to the Bay area, the highest Jan. in 5 years. Investors, again, jumped in to snap up bargains. Markets are expected to further stabilize once the gov’t/state settlement with 5 major banks kicks in, likely the second ½ of 2012. Though the agreed $ amount to modify loans or decrease principal is modest, it augments a better job market, increased manufacturing and a Greek bailout ( a first step), all recovery directed, bit by bit.
Meanwhile in the Los Angeles real estate market, PreviewLAhomes.com continues to offer you free and unlimited access to the MLS, foreclosures and short sales in this environment of low prices and historically low interest. Focus your search by entering location, price and # of bedrooms/baths and we will email daily just those criteria.
Call Mark to view Los Angeles real estate, negotiate offers and even expertly navigate escrow, should you decide to purchase.
Call Michael for your financial needs. He is affiliated with over 40 banks and will shop and obtain the best loan suited to your needs. Ask about 3.5% down FHA and no down VA loans.
As always, we wish you prosperous Los Angeles real estate hunting.
Best regards,
Mark Simon, Real Estate Representation (310) 345-9738
Mark@PreviewLAHomes.com
Michael DiVita, Mortgage Finance Support (310) 849-9124
Michael@PreviewLAHomes.com
Apocalypse? No!
The economic “glass half-empty” bears are denied by virtue of US bootstrap, though modest, growth. GDP is predicted to reach 4% in 2011’s fourth quarter and onward. Capital goods orders, industrial production and exports rise. Labor markets improve. Housing construction is reviving as the deflated bubble, time and demand show real estate stabilizing. Isn’t time to cash in? Los Angeles real estate is rife with good buys, financeable at record low interest.
PreviewLAhomes.com provides free and unlimited use of the MLS and rosters of Los Angeles real estate foreclosures and short sales. Plug in location, price and number of bedrooms/baths and our software will email you daily those criteria only.
Call Mark to view property. He will expertly negotiate offers AND escrow, if you find a proper home. Commissions are paid by the seller, of course.
Call Michael for all financial needs. Ask about no down VA and 3.5% down FHA loans. He has affiliations with over 40 financial institutions from which to shop the best loan for you.
As always, we wish you prosperous Los Angeles real estate hunting.
Best regards,
Mark Simon, Real Estate Representation (310) 345-9738
Mark@PreviewLAHomes.com
Michael DiVita, Mortgage Finance Support (310) 849-9124
Michael@PreviewLAHomes.com
Baby Steps
Signs of hiring are positive and unemployment claims fell for the 4th time in 5 weeks. Modest job gains appear in transportation, warehousing, retail trade, manufacturing, health care and mining. US innovation streams ahead as water-tight cell phones and ever slimmer tablets beckon to excite the world’s appetite for new generation technology. Meanwhile, Los Angeles real estate slumbers, but for credit worthy buyers, outstanding purchases are out there for the taking.
Research Los Angeles real estate, foreclosures and short sales at PreviewLAhomes.com free and unlimited. Input location, price and number of bedrooms and baths and we’ll email you daily with your criteria only.
Call Mark to view property, expertly negotiate offers and even navigate through escrow, if you find that “right” home to purchase. Fees are paid by the seller.
Call Michael for loan preapproval. Ask about no down VA and 3.5% down FHA loans. There are incredible interest rates available which will save tens, even hundreds, of thousands of dollars over the term of a mortgage.
As always we wish you prosperous Los Angeles real estate hunting.
Best regards,
Mark Simon, Real Estate Representation (310) 345-9738
Mark@PreviewLAHomes.com
Michael DiVita, Mortgage Finance Support (310) 849-9124
Michael@PreviewLAHomes.com
C’MON BABY, LET’S DO THE TWIST
C’MON BABY, LET’S DO THE TWIST
Last week the Fed revived a policy, “Operation Twist,” dubbed for Chubby Checker’s hit, in which $400 billion of their portfolio will convert from medium to long term bonds. This creates buying pressure, lowers interest rates and affects long term borrowing i.e. mortgages. Good news for home purchase/refinance, even as it sent Wall Street, gold and silver on a hyperbolic ride.
Without question, there’s no better time to refinance your home mortgage. Even if you have refinanced before, it may profitable to do it again. Call Michael, free and without obligation, for an analysis of the savings you may reap on your mortgage.
HOME SALES UP 8.8%
HOME SALES UP 8.8%
Home sales rose 8.8% statewide in August and 10.2% over the same month last year, a modicum of good news amidst a tepid market. 52% of those sales were in Southern California. Meanwhile, bank savings climbed 10% above all of last year despite the lowest interest rates on record. Mixed financial news here and across the pond has lowered confidence and kept many away from home ownership. Nevertheless, growing families need homes and conditions of 30+% lower prices and rock bottom interest are great incentives.
Call Michael anytime and without obligation with any financial questions regarding home purchase or refinance. He has affiliations with over 30 lending institutions. Refinance is, depending upon your loan, a risk-free move to make money. Michael will gladly crunch your numbers and tell you whether it’s right for you and what your savings would be.
