mortgage markets: Caruso Killed It! - 10/08/11 09:49 AM

So I didn't really "kill" anything. But, Real Estate deals get killed all the time, and buyers can't relax until they have keys actually in hand.  Here are three of the most common real estate deal-killers that I have come across, and some steps buyers can take to deactivate them.Appraisal too low. Some buyers incorrectly believe that the best thing that could happen to them is for the property to appraise below the agreed-upon purchase price, expecting that a low appraisal forces the seller to bring the price down.  In fact, so many of today’s sellers are barely breaking even, … (6 comments)

mortgage markets: Are Americans Still Worried About Making Housing Payments? - 11/13/10 05:17 AM

More than half of Americans are worried about not having enough money to pay their mortgage or rent, according to a survey recently released by the Washington Post. A third of respondents were "very concerned" about their ability to make housing payments, while a fifth were "somewhat concerned," adding up to 53 percent of respondents.  This contrasts with the results of similar surveys the newspaper conducted in February 2009 and December 2008.  In the 2008 survey, 37 percent of respondents said they were at least "somewhat concerned" about making their housing payments -- by February 2009, that figure had risen … (4 comments)

mortgage markets: The History of Home Interest Deduction... - 09/21/10 06:12 AM

The Home Mortgage Interest Deduction
Ever wonder how did the home interest deduction come about? Well according to various publications;
 The First Income Tax - In 1894 Congress passed the first income tax, which was challenged and later struck down by the Supreme Court. So, government got into gear and in 1913 the Sixteenth Amendment was ratified granting Congress the power "to lay and collect taxes on incomes, from whatever source derived." The Second Income Tax - Congress quickly imposed an income tax starting at 1% and rising to 7% on incomes over $500,000. This resulted with less than 1% … (4 comments)

mortgage markets: Home Price Decline... - 06/08/10 06:50 AM

According to Freddie Mac announced on May 26, 2010 that its Conventional Mortgage Home Price Index(CMHPI) Purchase-Only Series for the United States registered a 1.1 % decline from the first quarter of 2009 to the first quarter of 2010. In the first quarter of 2010, the U.S. Index was down 2.1 percent (-8.0 percent annualized) relative to the fourth quarter, on a not-seasonally adjusted basis.
House price measures tend to show a lot of seasonality, with values lower during the slow home-selling months of autumn and winter and higher during the greater-activity months of spring and summer. Examining year-over-year home-value changes largely controls for … (3 comments)

 
Michael A. Caruso (Surterre Properties)

Michael A. Caruso

Laguna Niguel, CA

More about me…

Surterre Properties

Address: 33522 Niguel Road #100, Monarch Beach, CA, 92629

Office: (949) 495-8600

Mobile: (949) 584-2300



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