Consumer-Facing Real Estate Blog Network Started - 04/30/08 09:56 AM
HomeGain announces personal blogging network for real estate agents:
Early this morning we launched a free consumer-facing blogging service for our hundreds of Source4Sellers customers.
The free, bundled Agent Blogs form a part of the HomeGain Blog and are also accessible through HomeGain’s free instant home valuation tool and from HomeGain.com.
HomeGain Source4Sellers Agents … (19 comments)
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America's #1 Mortgage Rates Report: April 29, 2008 - 04/29/08 08:46 AM
No real change in my posture. I still believe that mortgage rates have room to go lower in the next 30-90 days but I'm advising clients who are closing in less than 17 days to lock. All others can float.
Mortgage-backed securities traders have "baked in" a .25% rate cut … (3 comments)
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Big Down Payments Are Risky For California Home Buyers - 04/28/08 03:09 AM
If you're thinking of buying a home in California, you might not want to sink everything you have into the down payment. In fact, it probably makes more sense to keep more money SEPARATE from the house equity, even if you have to pay private mortgage insurance or a higher interest … (5 comments)
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San Diego Foreclosure Bailout Loans: Sub-Prime Still Funding - 04/28/08 02:15 AM
Many San Diego homeowners are facing the prospect of foreclosure. That doesn't have to happen if you have plenty of equity in your home. Rising food and fuel prices, combined with a tightening credit environment left San Diego homeowners with few options when trouble came knocking at their door. The implosion … (9 comments)
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Oceanside Foreclosure Tours? - 04/26/08 10:26 PM
I'm bullish, long-term, on coastal California real estate- that's no secret. The underlying demographics are still positive for California; more people will be moving in than moving out, over the next 20 years. Aging baby boomers yearn for warm climes in retirement. While California has its share of problems, it is … (1 comments)
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Toronto Investors Buying Florida Real Estate - 04/26/08 10:11 PM
Canadians are buying American real estate in droves.The rapid descent of the dollar against the loonie (Canadian dollar), combined with the drop in American real estate prices is bringing more and more Canadian investors across our northern border in search of investment riches.
From the Globe and Mail:
You may want … (1 comments)
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When Will US Banks Stop The Bias Against Canadian Investors ? - 04/26/08 10:06 PM
Canadian investors have been enjoying the parity between the loonie and the dollar. I've written about how savvy Canadian investors are snapping up prime California real estate at a 30% discount from last year. Essentially, the 20% drop in real estate prices, combined with the strong loonie, allows a Canadian investor … (0 comments)
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Can Canadian Investors Get a Mortgage in the U.S. A. ? - 04/26/08 10:02 PM
Can a Canadian investor actually get a mortgage in America? The answer is yes. There are higher downpayment requirements and the documentation can be onerous. For Canadians who wish to buy an investment property, the downpayment requirement is usually 35%. Canadians who want a vacation home may need as little … (0 comments)
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Documentation Needed From Canadian Citizens Seeking a Mortgage in the U.S. A. - 04/26/08 10:00 PM
Canadians are looking to buy American real estate. The loonie is at parity with the dollar and American housing prices are down some 20% from 2005. That presents quite a bargain if a Canadian is looking for a vacation home in America. We've talked to over ten Canadians in the past … (0 comments)
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How Calgary Residents Get a Mortgage in the U.S.A. - 04/26/08 09:55 PM
Canadian investors have been flocking to the California coastline and Arizona desert to buy prime American real estate at a bargain. The strong Canadian dollar, while inopportune for Canadian manufacturing firms, is giving Calgary investors built in downside protection when they buy American real estate. I explain that here:
In … (0 comments)
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How Vancouver Residents Get a Mortgage in the U.S.A. - 04/26/08 09:52 PM
Canadian investors, seeking American mortgages, may be in for a shock when "shopping". The American mortgage banking and brokerage system is different than the Canadian banking system. In Canada, there are 5-7 major banks or lenders and a variety of mortgage brokers. Both lenders and mortgage brokers, in Canada, are … (0 comments)
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Arizona Properties For Calgary Investors (Financing Available) - 04/26/08 09:48 PM
Western Canadians are buying real estate in Arizona. There are four reasons for this modern day land grab:
Crude oil and minerals have led the commodities price surge, world wide. Western Canada is rich with both minerals and crude oil. While the Western United States is experiencing a housing-led recession, … (0 comments)
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Arizona Properties For Vancouver Investors - 04/26/08 09:43 PM
Canadian investors are buying Phoenix, Arizona homes faster than the mercury rises in direct Arizona sunlight. We have helped over a dozen Canadians secure mortage financing for Arizona properties.
Arizona real estate broker, Greg Swann, reports that his listed properties are being viewed by Canadian investors because of his strong … (0 comments)
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Sub-Prime Mortgage Market Alive in San Diego County - 04/21/08 10:03 AM
The sub-prime mortgage crisis has hit San Diego County especially hard. Declining housing prices and an erosion of alternative mortgage products leaves many San Diegans high and dry when looking for a "quick" loan.
Homeowners with solid equity positions can breathe a sigh of relief; sub-prime mortgages are still available, today. Some … (1 comments)
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America's #1 Mortgage Rates Report: April 14, 2008 - 04/14/08 12:00 PM
I'm still floating mortgage rates, unless my clients are closing within 14 days. I"m cautiously floating because of the volatility in the market. Fundamentally, mortgage rates shouldn't have a whole lot more room to come down; the Fed cuts are probably coming to an end. Something much more drastic than the … (0 comments)
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America's #1 Mortgage Rates Report: April 2, 2008 - 04/02/08 09:15 PM
Mortgage rates should decline, in the near term. I'm changing my recommendation from lock all loans to float all mortgage applications, if the loan is closing more than 14 days out. That means that if you're scheduled to close on your mortgage, before April 15, 2008, you should lock your … (0 comments)
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YOU ! Magazine- March 2008 Issue - 04/01/08 11:43 PM
… (1 comments)
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California or Arizona Investment Properties Needed - 04/01/08 11:34 PM
I'm looking for investment properties, in California or Arizona.
1- Existing tenants are preferred. If property isn't leased, we need hard rent figures for comparable properties, within a mile.
2- Property must be 1-4 units (no dingbats or muti-family). Condos are acceptable if complex has more than 20 units. The investor will pull … (0 comments)
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