April 2012: $308,050 (Source: C.A.R.) Calif. highest median home price by region/county April 2012: Marin, $783,850
(Source: C.A.R.) Calif. lowest median home price by region/county April 2012: Siskiyou County, $103,330 (Source: C.A.R.) California Pending Home Sales Index:
April 2012: 128, a decrease from the revised 138.9 recorded in March.
California Traditional Housing Affordability Index:
Bank of America has launched a nationwide program that offers delinquent mortgage customers increased assistance with relocation expenses – from $2,500 to $30,000 – at the completion of a qualifying short sale.
To qualify for the enhanced relocation assistance payments under the new program: The seller must work proactively with the bank to obtain a preapproved sales price prior to submitting a purchase offer to the bank. A short sale must be initiated by the end of 2012 and close by Sept. 26, 2013, to be eligible for the payment. Qualifying short sales that (0 comments)
san bernardino county real estate: Mortgage loan delinquency rates lowest since 2009
- 05/17/12 01:20 AM
Mortgage loan delinquency rates lowest since 2009 The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) declined in the first three months of 2012 to 5.78 percent. This improvement ends two quarters of increases that began in Q3 2011, according to TransUnion. Prior to Q3 2011, 60-day mortgage delinquency rates had dropped for six consecutive quarters. This latest quarter brings the delinquency rate to its lowest point since Q1 2009. Between fourth quarter 2011 and first quarter of 2012, all but eight states experienced decreases in their mortgage delinquency rates. House prices continue to face (0 comments)
san bernardino county real estate: Website helps homeowners, buyers protect the “American Dream”
- 05/16/12 11:48 AM
Website helps homeowners, buyers protect the “American Dream” Despite the fact that Americans overwhelmingly support home-ownership, legislative and regulatory proposals now under consideration would greatly harm homeowners, home buyers, the housing market, and the nation's economy, according to the National Association of Home Builders (NAHB). To that end, NAHB has launched a new website, www.ProtectHomeownership.com, to bring attention to the threats to homeownership and inspire the public to take action to protect it. Tax, legislative, and regulatory policies currently under consideration would scale back or eliminate the mortgage interest deduction and make mortgages and small business loans unaffordable and even more (0 comments)
Housing Scorecard shows overall outlook mixed HUD and the U.S. Dept. of the Treasury released the December edition of the Obama Administration's Housing Scorecard this week. Data in the Scorecard show some subtle improvements in the market over the past year, but underscore fragility as the overall outlook remains mixed. For example, new and existing home sales rose compared with the prior month and remain higher than a year ago, and homes are more affordable than they have been since 1971. Median-income families today have nearly double the funds needed to cover the cost of the average home. However, home (0 comments)
san bernardino county real estate: Three Important Things to Consider Before Buying a Home
- 01/05/12 09:04 AM
Here's what you should consider: 1."Why should I buy now, if it’s possible that prices will continue to fall, ?" For home-owners, price is the major concern when they decide to sell a home. As a home-buyer, the cost should be your primary concern. That means you have to take into account what your mortgage's monthly payment will be, considering not only the price paid for the home but also the interest rate of your home loan. Timing the market is a mistake. Waiting for prices to hit bottom while mortgage interest rates are increasing can wind up costing more over the life of (3 comments)
We have been serving the real estate needs of the community for over twenty years; Listing and Selling Homes, Condos, Land, and Investment Properties in San Bernardino County, Riverside County and Los Angeles County, including Ontario, Montclair, Rancho Cucamonga, Upland, Fontana, Rialto and surrounding cities. It would be our pleasure to assist you in your next real estate transaction. Richard Kirchnavy Broker License # 01016593 Janine Kirchnavy Broker Associate License # 01048899 (909) 945-3662 / Janine@AtlasRE1.com / Facebook/Twitter / Free e-Newsletter / Our Web Site
san bernardino county real estate: Nationwide Foreclosures In Process Remain at Near Historic High
- 10/06/11 12:31 PM
Foreclosure starts increased twenty percent from July to August, with 1st-time foreclosure starts hitting a 2011 high, data aggregator Lending Processing Services Inc. reports. August 2011 247,957 foreclosure starts LPS tracked nationwide An estiamted 2.15 million home mortgages in the foreclosure process The average mortage delinquency 611 days 6.4 Million homes with owners who missed one or more payments 1.9 million mortgages were delinquent by 90 days or more What do all of these numbers mean? We are nowhere near a real estate recovery in the California real estate market. If you find yourself in a distress situation where you may (0 comments)
We have been assisting homeowners market and sell real estate and helping homebuyers find their dream homes since 1989. Our extensive knowledge of the Southern California real estate market and can help you find the right home for you or the right buyer for your home.
We specialize in listing and selling single-family homes, condominiums and residential income properties 1-4 units, including Standard Sales, Probate and Trust Sales, Short sales and Pre Foreclosures, REO and Bank-Owned homes and HUD properties. Serving the community's real estate needs in the Tri-County area including: San Bernardino County, Riverside County and Los Angeles County.
Providing you with comprehensive, high-quality customer service is our top priority. So when you decide to buy or sell your home, please contact us - (909) 945-3662 and let's get started!