California Median Home Price, $373,000: Maximum federal government loan limit of $729,500. Does that Make Sense?
One of the flip sides of the major reversal in housing fortune is how quickly the market deteriorated. As many of you know, the new federal government loan limit enacted in March of this year raising loan caps to a new $729,500 ceiling was designed to help jolt the market in higher priced areas including […]
California Mortgage Rates Still High: Examining Actual Mortgage Products in Today’s Market and the Family Budget Impact.
As the housing market continues to slump forward, there are many unintended consequences cropping up all over the country. For one, the intent of the Federal Reserve to inject liquidity into the markets was to bring back confidence in an environment that is cautious about credit. As we are approaching another 1 percent interest rate […]
Worst Ever Housing Market in California: The Numbers Revealed.
It is clearly no surprise to anyone that housing is in a major slump across the country. What seems to be taking people by surprise is the rapidity of how quickly the market is retracting all the gains that it had made during the previous years. California faced many of the benefits during the peak […]
Housing Market: Case-Shiller 10 City Index Worst Drop Since 1987.
The Case-Shiller Index, which tracks same home sales over a period of time instead of aggregate median prices per month, has dropped nearly 10.7 percent on a year over year basis. Â Most analyst favor the Case-Shiller Index because it looks at a single home and tracks it historically over time giving a better and more […]