Real Property Report – California, January 2014

Market Activity California single-family home and condominium sales fell 18.7 percent in January 2014 from December 2013, and were down 11.8 percent from a year ago. Taking a longer-term view, in the past 12 months (February 2013 through January 2014), sales are down 6.5 percent compared with the same 12-month period (February 2012 through January…

Understanding FHA Loans

One of the few blessings to come out of the Great Depression was the FHA-insured loan. Although, contrary to what many think, it wasn’t created to help low-income buyers get into homeownership. Just as during our recent Great Recession, during the Depression foreclosure rates skyrocketed, leaving lenders in the lurch. The FHA-insured loan was created…

Successful Location Hunting Tips

The moment you decide to buy your very own home, you are bound to be faced with several underlying questions and concerns. To make the journey towards your dream home a hassle free one, take a look at the basic questions you need to ask yourself during this process. 1) Do I need a big house?…