In the real estate market all the focus has been on existing homes sales. Home builders and contractors have also had major concerns over the past few years about their cancellation rates and whether or not new projects would be proposed to them. Overview of the last five years 2005 Total of 1,283 new homes […]
JohnHart Real Estate
Contributor, designer & admin for JohnHart Gazette.
Interest Rates, Housing Market and The Economy
We have been on a crazy ride with the housing market, fluctuating interest rates and the economy. S&P/ Case-Shiller • Home price index has dropped 2.5% compared with last year’s index • End of 2008, home prices had fallen 18.2%, compared to 2007 • Increase of 0.3% in home prices in December and November • […]
The Extent Lenders Are Willing to Go
Lenders and borrowers have been going through a tough battle over loan modifications. Some lenders are willing to help, while others are not as cooperative. What one lender is considering: Loan Value Group LLC is considering paying underwater homeowners, who can afford their mortgage payments, in hopes that they will keep their homes instead of […]
Those With Jumbo Loans Are Struggling
What is a jumbo loan? A jumbo loan allows for individuals to borrow over a certain amount. Amount: $417,000 from 2006 to 2008. Then the amount was increased in the beginning of 2008 to $729,750. Now back down to $417,000. What market is this type of loan aimed toward? Usually, high income families looking to […]
Whose Fault Is It? The Never Ending Argument
Since the beginning of the foreclosure crisis, two main camps developed.
Home Renovation Expected To Rise 2010
Home remodeling is expected to grow this year by 5% from 2009
Home Renovations
Improvements made to the home can help sell the property much faster.
Tax Credit Extended
On March 25, 2010 California Gov. Arnold Schwarzenegger signed a new bill… Up to $10,000 tax credit will be available.
Should you race to buy a house or take your time?
One month remains for the federal Home Buyer Tax Credit, most are racing to close their purchase by June 30 to qualify for $8k tax credit.