A new RM incentive that troubled Consumers? Union
Published Thursday, May 18, 2006 by Real Estate Pro.Sec. 6014 does contain the phrase out of the House bill that encourage reverse mortgages: “Nothing in this subsection shall be construed as preventing an individual from using a reverse mortgage or home equity loan to reduce the individual’s total equity interest in the home.” | | So, yes, there it is in the law.
Tagged: California
A new RM incentive that troubled Consumers? Union
Organize Your Investment Records
Published Wednesday, May 17, 2006 by Real Estate Pro.You should meet with your Quarterback at least once a year to doublecheck the binder?s contents.
Now that you are organized with the intention of?disaster management? and not just being able to find a record, it is a very simple thing to meet with your?Quarterback? once or twice a year to just make sure all of the information is current and accurate.
Tagged: California
Organize Your Investment Records
Questions for America (and how can anyone be long the stock market in this environment?)
Published Tuesday, May 16, 2006 by Real Estate Pro.* Who has more buyer's remorse - the 50.7% of people who voted for George Bush in 2004, or the couple who bought that Toll Brothers house in Phoenix in July 2005? * Will the Democrats win the House in 2006? The Senate too? * Will they censure Bush? Will they impeach him? Who in his administration will be shown the door soon? * Are there a "Pentagon Papers" or "Nixon Tapes" out there? What will they be? * Will there be the Rapture this year? Will Ford?
Tagged: California
Questions for America (and how can anyone be long the stock market in this environment?)
Let The Good Times Average Out Nicely
Published Saturday, May 13, 2006 by Real Estate Pro.In fact, take the number of homes in California that sold for more than $1 million last year, and this is what you get: You get 48,666 million dollar homes. That's 47% more million dollar homes sold in 2005 than in 2004, according to the Los Angeles Times. A multitude of million dollar home sales is an amazing thing. The only thing more amazing than the number of million dollar homes in California is what you get for that kind of money.
Tagged: California
Let The Good Times Average Out Nicely
Slowing Home Market to Ripple Through Job Market
Published Friday, May 12, 2006 by Real Estate Pro."You saw it - there were dollar signs in their eyes," recalls Nick Vayonis, a former real estate agent in Los Angeles, where median home prices rose 145% in four years. As the housing market slows, there will likely be a lot of stories of people who are bailing out of their real estate jobs and other professions related to housing - appraisers, mortgage brokers and home construction workers - and many not by choice.
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Slowing Home Market to Ripple Through Job Market
What would the Queen say?
Published by Real Estate Pro.In the past, We have posted some butt-ugly real estate on this blog. However, this wreck is right up there with the worst of them. First, let us start with facts. However, the realtor.com listing went with "single family home".
A single family home? There are always the skeptics out there, who say "it is not about the house, it's the land value". Look what comes out: For tax purposes, the land is valued at just over $4.5k.
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What would the Queen say?
California bill names practices to watch out for
Published by Real Estate Pro.One of the winners, fair lending specialist Shirley Hochhausen, made proposals that led Simitian to propose SB 1609. The bill would prohibit a lender from offering an annuity prior to the closing of the reverse mortgage or before the expiration of the right of the borrower to rescind the agreement. The bill would require an applicant to meet with an independent loan counselor before a finalizing reverse mortgage.
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California bill names practices to watch out for
L.A. Median Home Price Tops Half A Million!
Published by Real Estate Pro.They use an increase in the median home price to argue that the bubble isn't popping? If only two houses sold and one was $1 million and the other $2 million, the median price would be $1.5 million, but so what? With Los Angeles' median home price doubling in such a short period? giving homeowners more equity than they imagined a few years ago? it's no wonder that Los Angeles appears on many lists of the nation's most overvalued housing markets.
Tagged: California
L.A. Median Home Price Tops Half A Million!
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Published Thursday, May 11, 2006 by Real Estate Pro.March 21, 2006 To: All Agents and local property owners of the Central Coast From: James Molnar and the POPR Committee I am writing this letter to assure that everyone is informed of the recent proposal from a small group of citizens in Cayucos. This view shed ordinance almost made it past the Supervisors last November, and would have if not for some quick action by an opposition group called POPR (Protect Our Property Rights).
Tagged: California
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Published by Real Estate Pro.Consider the tax burden. When deciding where to live, or possibly where to retire, you might want to look at the tax burden. First, the U.S. Census Bureau has recently published an interesting chart: States Ranked by Total Taxes and Per Capita Amount: 2005. The Tax Foundation publishes an interesting study, ranking states by the amount of taxes one pays in that state: State and Local Tax Burdens Compared to Other U.S. States, 1970-2005.
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Los Angeles and California Are Cooling Quickly
Published by Real Estate Pro.Inman News reports on a cooling trend in California real estate: "There is no justification for the prices we're seeing now," Christopher Thornberg, chief economist at UCLA's Anderson School of Business, said when issuing the school's gloomy quarterly economic forecast last week. Thornberg predicts that the downturn now under way will cost the state a staggering 200,000 jobs in the real estate and construction industries alone.
Tagged: California
Los Angeles and California Are Cooling Quickly
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- A new RM incentive that troubled Consumers? Union
- Organize Your Investment Records
- Questions for America (and how can anyone be long the stock market in this environment?)
- Let The Good Times Average Out Nicely
- Slowing Home Market to Ripple Through Job Market
- What would the Queen say?
- California bill names practices to watch out for
- L.A. Median Home Price Tops Half A Million!
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