huntington beach: Sellers in SoCal, GREAT NEWS! - 01/30/10 03:47 AM
I read an article in the OC Register this morning, an interview with Lawrence Yun, cheif economist for the National Association of Realtors. Read it here- ( http://lansner.freedomblogging.com/2010/01/16/realtor-economist-says-socal-now-sellers-market/52073/ )
Lawrence claims that our market has shifted to a sellers market. In reality, we have known this for some time, but it's great to see it in print. The exciting thing he points out is that "median home prices already have bottomed out in the Southern California market". We especially see this in Orange County. Although the high end market still has some time to go before seeing a recovery, we're even seeing that breaking … (1 comments)

huntington beach: HUD Eliminates 90 day flip rule beginning Feb 1. - 01/30/10 03:04 AM
Great News For some FHA Buyers
Starting Feb. 1, HUD will eliminate the 90 day flip rule, allowing more properties to be available for FHA financing.
Some Quick bullet points:- All transactions must be arms length with no identity of interestbetween buyer and seller (see further conditions on HUD's website)- If there was an increase in value of more than 20% (fromacquisition to flip), the following conditions must be met.*Lender must justify the increase in value, with supportingdocumentation and/or a second appraisal which verifies sufficientrenovations were done, justifying the increase in value, OR appraiser toadequately explain the increase in value.*Lender to … (1 comments)

 
Jeremy Lehman, Jeremy Lehman (The Boutique Real Estate Group)

Jeremy Lehman

Jeremy Lehman

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