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Los Angeles Home Prices Continue to Rise

Los Angeles Home Prices Continue to Rise

Data released by S&P Case-Shiller indices indicate that in the Los Angeles area, prices are still on the rise. Increases for Los Angeles are 2.58% which is somewhat higher than the 20-city or 10-city national composite of 2.45% and 2.48%, respectively. Interestingly enough, there are two opposing pressures on the housing market: The rise in […]

By August 5, 2013 Read More →
Sustained Recovery Projected

Sustained Recovery Projected

Case Shiller through October 2012 have been released. They show another up-tick in the price index for home sales across the nation, including higher than average increases for the California cities in the study (Los Angeles, San Francisco and San Diego.) If you look at the graph below, you will see that the past three […]

By February 16, 2013 Read More →
Making Home Affordable Program

Making Home Affordable Program

If you’re not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through MHA’s (Making Home Affordable) Home Affordable Refinance Program (HARP). HARP is designed to help you get a new, more affordable, more stable mortgage. HARP […]

By February 15, 2013 Read More →
Changing Market Conditions Affect Buyers

Changing Market Conditions Affect Buyers

What is a Buyer’s Market? How does it differ from a Seller’s Market? …So what? Buyer’s Market When there are lots of properties on the market at the same time, the buyer has lots of choices and therefore often has the upper hand in negotiations. He can always go buy another house if any particular […]

By February 15, 2013 Read More →
Mortgage Banker vs. Mortgage Lender

Mortgage Banker vs. Mortgage Lender

Back in the last century, before the banking fiasco that led to the first lending bailout, it was easy to figure out what a lender was. It was the local banker who lent money to a buyer to buy a home. It was generally lent for 20 years (or less.) The rate was fixed. Twenty […]

By January 15, 2013 Read More →
Los Angeles Area Home Prices Stable

Los Angeles Area Home Prices Stable

According to an article based on the Case Shiller index for May 2012, the property values in Los Angeles are slightly higher as of April.  The index shows that prices have adjusted to their 2003 levels and appear to be trending higher. As you can see from the chart, the so-called “bubble” has adjusted in […]

By August 15, 2012 Read More →
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