Real Estate And Mortgage Blog by Housia

Southern California Home Sales Rise Over 65%

housia — Tue, 21 Oct 2008 12:38:40 +0000

People are buying up foreclosures in southern California according to Bloomberg.com. At least that’s what the latest home sales stats tell us. Southern California home sales rose over 65% in September. This is the biggest year-over-year increase in over two decades MDA data-quick said. A total of 20,497 new and existing houses and condominiums were sold [...]

Maybe Hank Paulson should hire Warren Buffet to manage the bailout?

housia — Wed, 01 Oct 2008 19:39:54 +0000

If done right the American tax payers can end up making money on the current 700 billion bail out plan says Warren Buffet. But first… with all the current debate about the rescue plan being proposed in congress many Americans ask themselves: “How did we get into this mess?” National Public Radio has an excellent one hour [...]

The Home Equity Line Freeze - What Can You Do?

housia — Wed, 07 May 2008 15:09:46 +0000

You thought that your home equity line of credit was going to be there for you in case of an emergency, didn’t you? For many home owners this spring has arrived with a surprise letter in the mail. “Dear borrower, we decided to freeze your home equity line”. Major lenders have sent these type of letters [...]

Builders Confidence At Lowest Level Since 1991

housia — Tue, 19 Jun 2007 19:57:20 +0000

With the current real estate slow down in progress it comes as no surprise that the home builders of America have their level of confidence down a bit. On Monday the National Association of Home Builders released their latest report on their housing index. The builders that were surveyed had their lowest confidence level since [...]

Iggys House Post Your Home On The MLS For Free

housia — Mon, 18 Jun 2007 19:06:22 +0000

Good news for all experienced home sellers that are looking to sell their home by owner. A new company called Iggys House is offering free MLS listings in 20 different states covering over 65% of the United States real estate market, Inman News reports. The service is available in California, Colorado, Connecticut, Florida, Georgia, Illinois, [...]

Are 7% Mortgage Rates Here To Stay?

housia — Mon, 18 Jun 2007 14:22:55 +0000

Bad news for home borrowers and the real estate industry. Mortgage rates have gone up significantly this summer. On Friday June 15, a home buyer was quoted between 6.75% and 7.00% with 0 points for a 30 year fixed conforming mortgage depending on the broker or lender he or she was talking to. A [...]