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first time homebuyer: "Number of Fed-backed (FHA) troubled mortgages rises" BUT road is paved with yellow bricks... - 04/02/09 11:55 AM
Yes, the Wizard is in town and is able to grant the ability to buy a home in today's market. Will you be the one to click your heels and utter "There's no place like home??"
While the below post from the LA Times indicates FHA troubled mortgages are on the rise, the fact remains that it's still going down in history as possibly one of THE BEST TIMES to be a first time homebuyer. The cost of housing is depressed, likely to bottom out in the 3rd quarter and that simply means a first time homebuyer will be able to … (0 comments)
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first time homebuyer: War Is Declared in 02/24/09 Real Estate Market Report by Mortgage Consultant Ed Bisquera - 02/25/09 08:00 PM
[For the most current issue click here] February 24, 2009 Real Estate & Economic Report from Ed Bisquera of Mortgage Express in the metro markets of Portland, Oregon & Vancouver, Washington. Featuring news for homebuyers, homeowners, realtors and the general real estate market. Watch this video below End of video War is Declared Congress and the President have declared war on the weak economy and especially on the housing market. That makes sense because it is the housing market that caused the economy to collapse and we will not have a recovery without a healthy or at least stable housing sector. … (1 comments)
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first time homebuyer: 4.875% (4.99% APR) in 02/20/09 Mortgage Market Commentary and News For Washington & Oregon - 02/20/09 12:52 PM
Ed Bisquera Mortgage Consultant Portland Oregon Vancouver Washington
Most rates improved today as mortgage bonds regain some of the losses from Thursday following the direction of Treasuries, which are busy gaining back yesterday’s losses. Up and down…up and down. The good news is mortgages, while trending in the same direction as Treasuries, have not seen the massive swings in price, thanks in part to the Fed’s intervention. Let’s hope this trend continues as massive swings in rates coupled with longer turn times due to volume creates all kinds of problems for both brokers and lenders alike. The Dow has sunk below its November … (1 comments)
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first time homebuyer: Volatility reported in 01/27/09 Real Estate Market Report by Mortgage Consultant Ed Bisquera - 01/28/09 03:12 PM
[For the most current issue click here] January 28, 2009 Real Estate & Economic Report from Ed Bisquera of Mortgage Express metro markets of Portland, Oregon & Vancouver, Washington. Featuring news for homebuyers, homeowners, realtors and the general real estate market.
Volatility
If we could sum up the markets in one word right now, the word would be "volatility." The past several days we were volatile on the downside for stocks and bonds. And up for oil. It is interesting because at least one pattern was broken. In the past few months rates and oil prices … (1 comments)
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first time homebuyer: Will recession end? 01/20/09 Real Estate Market Report for Portland, OR & Vancouver, WA - 01/21/09 03:25 PM
[For the most current issue click here] January 20, 2009 Real Estate & Economic Report from Ed Bisquera of Mortgage Express metro markets of Portland, Oregon & Vancouver, Washington. Featuring news for homebuyers, homeowners, realtors and the general real estate market. What Will Cause The Recession To End?
To understand what will cause the recession to end, we must understand what caused the recession. There were many causes, but the most visible culprit was an uncontrolled real estate boom. First it was the sub-prime crisis halting the boom. The government indicated that real estate would weather the crisis. Well, the … (0 comments)
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first time homebuyer: Top Stops For Home Buyers Shopping Are Internet, Agents and... - 01/13/09 12:38 PM
[Originally posted at my blog, click here] An overwhelming majority (87%) of recent home buyers in the US say they used the internet as an information resource during their home-buying process, and nearly one-third say they first learned about their newly purchased home from an online channel, according to a study from the National Association of Realtors (NAR).
When asked where they first learned about the home they purchased, 34% of buyers said a real-estate agent; 32% cited the internet; 15% said from yard signs; 7% said from a friend, neighbor or relative; 7% said home builders; 3% said from … (7 comments)
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first time homebuyer: How Housing Prices Performing In Long Run? in 01/06/09 Real Estate, Mortgage, Market & Economic Report - 01/06/09 12:05 PM
Below is today's Real Estate Report, Economic Commentary and Mortgage Rate Review, courtesy of blog from Ed Bisquera, Mortgage Consultant to Oregon & Washington (Vancouver, Washington & Portland, Oregon metro areas).
January 6, 2009
The Big Question - How Are Housing Prices Performing?
In the past week we gave some perspective regarding how housing prices have performed in the long run. Despite the recent precipitous drop in prices, housing as an investment performs strongly when you look at the big picture. On the other hand, we can’t ignore the fact that prices have fallen significantly in the … (0 comments)
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first time homebuyer: 2.0% Rates? in Dec 30, 2008 Real Estate Report Portland Oregon & Vancouver Washington-Economic commentary, Mortgage Rates and News - 12/30/08 06:25 PM
December 30, 2008
Happy New Year - Have a Safe Time Ringing In 2009
by Ed Bisquera
For those worried about the economy and their investments, it may not seem like a very happy New Year. However, it is times like these that we should stop and reflect upon our long-term blessings. Worried about home prices going down? Yes, median prices were down to around 180,000 last month. This drop was over 13.0% in one year and represented the largest one-year plunge since the depression. Would you like some perspective? Median home prices were approximately $80,000 in 1990. In other words, … (0 comments)
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first time homebuyer: 2.0% Mortgage Rates? in Dec 23, 2008 Real Estate Report Portland Oregon Economic commentary, Mortgage Rates and News - 12/30/08 06:14 PM
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first time homebuyer: 4.5% A Reality?: 12/16/08 Real Estate Report for Washington & Oregon - 12/17/08 12:57 PM
...from The Desk of Ed Bisquera Mortgage Express
The 4.5% Solution
Nothing gets the markets more excited than the government talking about lowering rates to record levels. Ever since the Treasury floated a plan that would have the government buying loans at 4.5%, it has caused a stir that we have not seen for some time in the real estate markets. Many questions remain. For example, who would be eligible for these loans? Preliminary information would indicate that these loans would be for purchases only. The government could also restrict these loans to those with good credit, first-time buyers and/or low-to-moderate … (0 comments)
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first time homebuyer: The 4.5% Solution and Real Estate Investing in next 5-10 years... - 12/17/08 12:08 PM
Five or 10 years from now, when the financial crisis has ended and housing prices are up smartly once more, we will look in the rearview mirror and realize that we missed a golden age for first-time home buyers. Then, everyone who sat on their down payment savings accounts for a few years too long will kick themselves for not taking advantage of what may turn out to be the buying opportunity of a lifetime for those who can qualify for a mortgage. Unfortunately, we do not know when this golden age will begin, because we will be able … (0 comments)
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Ed Bisquera
Vancouver,
WA
More about me…
Ed Bisquera | 360-597-8283 | Bond Social Media
Address: 1001 Main St Suite A, Vancouver, WA, 98660
Cell Phone: (360) 597-8283
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