The Moeller Team Blog
As a CPA and Realtor, I provide my clients and Real Estates associates insight into both tax issues and market issues impacting our industry.
ARCHIVED BLOG POSTS
2011
2
Comments
According to a study by the senior research economist at the Federal Reserve Bank of Cleveland last week, homeownership is more sustainable for people with larger down payments. Really? We had to pay for a study to learn this? A homeowner who puts 3.5% down has 16.5% less equity than a homeowner ...
02/28/2011
Times are stressful. Many homeowners who refinanced their properties a few years back to pay off credit card debt, medical expenses or place a down payment on another home are faced with overwhelming worry and financial stress today. We've seen people tap into their 401K, run up their credit card...
02/20/2011
1
Comments
The trouble with most loan modification companies is not their fees. In fact, since October 11, 2010 it has been illegal for any company or attorney to charge up-front fees for loan modifications. As such, fees are only charged when a result is achieved. The problem with most modification compani...
02/14/2011
Okay, let's face it ... with the treat of the shadow inventory of homes hitting the market and experts stating that we may have a few more years of value declines, why is NOW a good time to buy real estate? The biggest reason to buy now is the uncertainty of interest rates. Right now they are low...
02/08/2011
2
Comments
In this market, many equity sellers do not want to compete against the banks and short sale sellers who price their properties aggressively under market to secure a fast sale. Instead of selling their home to buy a home one, they decide to rent out their current home. Let's say a married couple ...
02/06/2011
2
Comments
According to DS News today, three congressmen have proposed a bill to end the Home Affordable Modification Program (HAMP) program. One of the congressmen, Darrell Issa is the chairman of the Oversight and Government Reform Committee. Rep. Jim Jordan says, "HAMP is a colossal failure. In many cas...
02/04/2011
1
Comments
According to analysts at Standard & Poor's Rating Services this week, it may take more than four years to exhaust the "shadow inventory" of distressed homes. The shadow inventory is defined as properties with borrowers who are more than 90 days delinquent on their mortgage, in foreclosure or alre...
02/03/2011
1
Comments
According to the U.S. Department of Commerce on Monday, home ownership levels are at 66.5 percent for the fourth quarter, the lowest they have been since the fourth quarter of 1998. Not surprisingly, at 9.4% the rental vacany rate is the lowest it's been since 2003. "Further foreclosures, a conti...
02/02/2011
Service Areas
Real Estate Resources
Orange County California Market Update