home sales: Dissecting the data - 04/17/08 09:58 AM
I read the following  brief report online:
Southern California's seasonal boost in home sales between February and March was less than half its normal level and a record low, and median prices of sales took a dive, according to a report today from data provider DataQuick Information Systems.
A total of 12,808 new and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties in March. That was up 18.8 percent from 10,777 the previous month but down 41.4 percent from 21,856 in March 2007, DataQuick reported.
On the surface this news can seem bad. … (0 comments)

home sales: FHA raises Inland Empire loan limits to stimulate housing market. - 03/07/08 03:42 AM
With the new FHA loans, home buyers can now buy more and homeowners can refinance out of unaffordable mortgages into more secure loans. The Federal Housing Administration raised the limits; these limits will only be effective for about a year. Although, there is legislation in the works to make the limits permanent.  Riverside and San Bernardino FHA loans have climbed from limits of $362,00 to $500,000.
Many mortgage brokers were pleasantly surprised with the news-many had expected Inland Southern California to receive a much smaller benefit from the new loan amounts. The new ceilings vary from county to county, and are based … (1 comments)

 

Kevin Williamson

Homes for Sale Moreno Valley

Moreno Valley, CA

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