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prospect mortgage pleasanton ca: Timing the Real Estate Market? Don't forget the impact of rising interest rates. - 01/30/11 06:12 PM
This is a great post I found today by a local realtor in my neck of the woods. So often buyers forget about the balance between the decision to purchase now even though they question if the housing prices are rock bottom and the fact that mortgage rates are going up.....
Great post Wendy Cutrufelli!!!
Via Wendy Cutrufelli, Contra Costa Realtor (Alain Pinel Realtors):
Are you trying to time the real estate market? Don't forget the impact of rising interest rates. Many home buyers are struggling with the decision to purchase. Are home prices at the bottom? Will they decline further? … (4 comments)
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prospect mortgage pleasanton ca: Looking for a home? Take your search to the next level - 01/21/11 04:36 PM
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prospect mortgage pleasanton ca: FHA 203(k) Rehab Loans - 01/16/11 12:46 PM
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prospect mortgage pleasanton ca: Economic Update - Re-cap In Plain English ~ 08/08/2010 - 08/09/10 09:51 AM
Last Week in the News
The Institute for Supply Management reported that the monthly composite index of manufacturing activity was 55.5 in July after reaching 56.2 in June. A reading above 50 signals expansion. It was the 12th straight month of expansion.
Total construction spending rose 0.1% to $836 billion in June, following a downwardly revised $834.8 billion in May. Economists had anticipated a drop of 0.8% in June.
Factory orders fell 1.2% in June to a seasonally adjusted $406.4 billion. The decline was more than double the 0.5% economists had anticipated and follows a revised decrease of 1.8% in May.
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prospect mortgage pleasanton ca: Making Good Use of Renovation Loans - 07/28/10 09:00 AM
Making Good Use of Renovation Loans
When showing your clients a home that needs repair, give them some information on our Federal Housing Administration (FHA) 203K renovation loans. These loans are perfect for a bargain hunter who has spotted a fixer-upper or a foreclosure in need of immediate repair, or a client who has found a home that would be ideal if only there were a third bedroom and a second bathroom.
Our renovation loans provide the money to both purchase the home and finance the homeís renovation. With one loan, there is only one application, one set of fees, one … (2 comments)
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prospect mortgage pleasanton ca: Economic Update - Re-cap In Plain English ~ 07/12/2010 - 07/12/10 08:16 AM
Last Week in the News
The Institute for Supply Management reported that the monthly composite index of non-manufacturing activity fell to 53.8 in June from 55.4 in May. A reading above 50 signals expansion. It was the sixth consecutive month of growth. Economists had anticipated a reading of 55. The index hit a high of 67.7 in January 2004.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending July 2 increased 6.7%. Refinancing applications rose 9.2%. Purchase volume fell 2%.
According to the ICSC-Goldman Sachs index, retail sales rose 1% for the week … (0 comments)
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prospect mortgage pleasanton ca: Economic Update - Re-cap In Plain English ~ 06/07/2010 - 06/07/10 09:26 AM
Last Week in the News
The Institute for Supply Management reported that the monthly composite index of manufacturing activity was 59.7 in May, after reaching 60.4 in April. A reading above 50 signals expansion. It was the 10th straight month of expansion.
Total construction spending rose 2.7% to $869 billion in April, following an upwardly revised 0.4% rise in March. April's gain was the biggest since August 2000.
The National Association of Realtors reported that its pending home sales index, a forward-looking indicator based on signed contracts, rose 6% in April, after a revised 7.1% increase in March. On a year-over-year … (1 comments)
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prospect mortgage pleasanton ca: California Passes Large Tax Credit for Homebuyers - 04/02/10 06:57 AM
California Passes Large Tax Credit for Homebuyers
California has initiated its own homebuyer tax credit. The bill — AB183 — was signed last week by Governor Schwarzenegger. The credit is for 5% of the purchase price, with a maximum credit of $10,000. That’s a dollar-for-dollar reduction against income tax payments that would otherwise be due. Homebuyers must claim the tax credit in equal installments over three consecutive years, beginning with the year of purchase. Purchasers are required to live in the home as their primary residence for two years or forfeit the credit.
To be eligible, first-time homebuyers can … (0 comments)
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prospect mortgage pleasanton ca: The Best Housing Markets of 2010 - 03/10/10 06:17 AM
The Best Housing Markets of 2010
Some U.S. housing markets have faired quite well regardless of the economic turmoil of recent years. These markets share a few things in common: modestly appreciating home prices, a high affordability rating, better-than-average economic activity and a low foreclosure rate.
RealtyTrac, an online marketplace of foreclosure listings, estimates that 4.5 million foreclosure filings are expected in 2010, up from 2.8 million in 2009. This weighs heavily on the housing market. Foreclosures supply an excess of inventory that destabilizes home prices. Louisville, Kentucky, is fairing well partially because it has a 1.15% foreclosure rate, the lowest … (3 comments)
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prospect mortgage pleasanton ca: Interpreting Housing Economic Indicators - 02/24/10 09:20 AM
Analysts, policy makers and investors closely follow economic indicators that track the condition of the housing market. Here's some background information on these important indicators.
Housing StartsHousing starts is considered the most important report on the housing sector due to its large ripple effect in the economy when buyers purchase appliances and household furnishings. Construction of single-family homes accounts for about 85% of the industry. Work on multi-family units makes up the rest of the market and is considered highly volatile.
Home SalesNew homes sales account for less than 10% of the market. They are tabulated when the contract is … (1 comments)
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prospect mortgage pleasanton ca: Economic Update - Re-cap In Plain English ~ 02/22/2010 - 02/22/10 08:57 AM
Last Week in the News
The National Association of Home Builders/Wells Fargo housing market index rose two points in February to 17. It was the first gain in five months. Economists had anticipated a dip to 14. An index reading below 50 indicates negative sentiment about the housing market.
The combined construction of new single-family homes and apartments in January rose 2.8% to a seasonally adjusted annual rate of 591,000 units. However, applications for new building permits, seen as an indicator of future activity, fell 4.9% to 621,000 units.
Industrial production at the nation’s factories, mines and utilities increased 0.9% in … (1 comments)
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prospect mortgage pleasanton ca: Home Improvement Tax Benefits for 2010 - 02/19/10 08:01 AM
For your clients, going green pays and saves. According to a study by the Joint Center for Housing Studies of Harvard University, for every dollar decrease in annual home energy expenditures, house values increase between $11.63 and $20.73.
Also, going green can lower the tax bill. New federal tax credits are now available for green home improvements on a principal residence. Qualifying modifications must meet a certain energy efficiency level to be eligible for the credit.
The credits are available for improvements purchased and in service from January 1, 2009, through December 31, 2010. The amount of the credit is … (2 comments)
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prospect mortgage pleasanton ca: Economic Update - Re-Cap in Plain English ~ 01/25/10 - 01/26/10 12:29 AM
Last Week in the News
The index of leading economic indicators — designed to forecast economic activity in the next three to six months — rose a better-than-expected 1.1% in December after a revised 1% gain in November. It was the ninth straight monthly increase.
The Commerce Department reported that the combined construction of new single-family homes and apartments in December fell 4% to a seasonally adjusted annual rate of 557,000 units. However, applications for new building permits, seen as an indicator of future activity, jumped 10.9% to 653,000 units, the highest level since October 2008.
The Mortgage Bankers … (0 comments)
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prospect mortgage pleasanton ca: FHA 90 Day Flip Rule is Waived until Feb 1, 2011 - 01/19/10 10:54 PM
90 Day Flip Rule Waived for All Sellers
Great News!!! The 90 day flip rule has been temporarily waived for all sellers effective February 1, 2010 and the waiver shall expire one year from February 1, 2010 FHA finds that eliminating the 90 day flip restriction for buyers will give FHA a greater opportunity to dispose of it's single family REO properties in a way that maximizes return to the FHA mortgage insurance fund and also permitting buyers to use FHA financing to purchase properties sold through private sales for resale, will help create market conditions that will allow homes to … (3 comments)
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prospect mortgage pleasanton ca: Economic Update - Re-Cap in Plain English ~ 01/18/10 - 01/18/10 10:13 AM
Last Week in the News
The Commerce Department reported the trade deficit grew 9.7% to $36.4 billion in November from a revised $33.2 billion in October. Economists had expected the trade deficit to widen to $34.5 billion. Exports increased 0.9%, the seventh consecutive monthly gain. The growth in U.S. exports is an indication the global economy is beginning to rebound.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications for the week ending January 8 rose 14% to 528.1. Purchase volume increased 0.8% to 213.7. Refinancing applications jumped 21.8% to 2,407.2.
Retail sales unexpectedly fell 0.3% in … (3 comments)
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prospect mortgage pleasanton ca: Economic Update - Re-Cap in Plain English ~ 01/04/10 - 01/04/10 11:59 PM
Last Week in the News
U.S. retail sales rose 3.6% from November 1 through December 24, according to MasterCard Advisors’ SpendingPulse, which estimates all forms of payment including cash. Online sales jumped 18%, consumer electronics increased 5.9% and jewelry sales rose 5.6%. Economists had anticipated overall retail sales to remain flat.
The Standard & Poor’s/Case-Shiller 20-city housing price index rose a seasonally adjusted 0.4% in October. It was the fifth consecutive monthly gain and follows a 0.2% increase in September. The index is now up 3.4% from its bottom in May. On a year-over-year basis, the gauge was down 7.3% … (0 comments)
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prospect mortgage pleasanton ca: Economic Update - Re-Cap in Plain English ~ 12/21/09 - 12/21/09 11:32 AM
Last Week in the News
The Commerce Department reported that the combined construction of new single-family homes and apartments in November rose 8.9% to a seasonally adjusted annual rate of 574,000 units. Applications for new building permits, seen as an indicator of future activity, rose 6%, the highest level since November 2008.
The producer price index, which tracks wholesale prices, rose 1.8% in November, following a 0.3% increase in October. Economists had expected a gain of 0.8%.
Industrial production at the nation’s factories, mines and utilities rose 0.8% in November, following a revised 0.1% increase in October. The overall factory-operating … (0 comments)
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prospect mortgage pleasanton ca: Economic Update - Re-Cap in Plain English ~ 12/14/09 - 12/14/09 10:27 PM
Last Week in the News
Retail sales increased 1.3% in November, following a downwardly revised 1.1% increase in October. Excluding automobiles, retail sales rose 1.2%, the largest gain since January. Sales of building materials increased 1.5%, the biggest gain since April 2008.
According to the Federal Reserve, consumer credit debt fell in October by $3.51 billion, an annual rate of 1.7%. Economists had forecast that consumer debt would drop $9.3 billion. That’s a sign the financial crisis is easing as more households cautiously increase their purchasing activity.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications for the … (0 comments)
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prospect mortgage pleasanton ca: Economic Update - Re-Cap in Plain English ~ 11/16/09 - 11/18/09 09:23 AM
Last Week in the News
According to the ICSC-Goldman Sachs index, retail sales fell 0.1% in the week ending November 7. On a year-over-year basis, retailers saw sales increase 2.9%, the best showing since August 2008.
Initial claims for unemployment benefits fell by 12,000 to 502,000 in the week ending November 7. It was the lowest level since January and the figure was lower than the 510,000 that economists had forecast. Continuing claims for the week ending October 31 fell by 139,000 to 5.63 million.
The Reuters/University of Michigan consumer sentiment index for November fell to 66 from 70.6 in October. … (1 comments)
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prospect mortgage pleasanton ca: RainCamp is Coming To San Francisco - 11/06/09 08:24 AM
Via Brad Andersohn ~ Community Manager (ActiveRain):
RainCamp is Coming To San Francisco
The ActiveRain RainCamp Tour is Official! Our first ever RainCamp in Seattle was sold out in just two weeks. Now there's a demand by many of our members and non members to bring RainCamp to cities all across the Country. As you can imagine, this is a huge undertaking for our staff and team. There are so many details that go into setting up this event, but our members and guests are not only worth it, they deserve it.
The "Rainergy" and "Buzz" that comes from a RainCamp … (2 comments)
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Julie Chroust, NMLS# 249458, Direct Lender & Mortgage Banker
Walnut Creek,
CA
More about me…
Julie Chroust, Prospect Mortgage, Walnut Creek, CA
Address: 1910 Olympic Blvd,, Suite 120, Walnut Creek, CA, 94596
Office Phone: (925) 516-5809
Cell Phone: (925) 381-1481
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