Tuesday, May 24, 2011

First Time Homebuyers In Short Supl

Amplify’d from www.dsnews.com

Survey Finds First-Time Buyers in Short Supply to Absorb Distress

First-time homebuyers – a segment that typically targets distressed homes – currently make up just one-third of the market. While this is what would be considered their “normal” market share, it falls short of what’s needed to offset the large volume of distressed properties coming down the line, according to the research firm Campbell Surveys.

Survey respondents in April reported that potential first-time homebuyers are having trouble finding foreclosed homes in move-in ready condition.

Fifty-five percent of damaged foreclosed properties were bought by investors in the month of April, while only 27 percent were bought by first-time homebuyers, according to the HousingPulse Survey.

Read more at www.dsnews.com

Monday, May 23, 2011

The Housing Markets Hold On Economy!

Without a healthy (at least stable), real estate market, economic uncertainty will prevail. The latest statistics show that for every home sold - Two more go into foreclosure. The only thing that can save this market is JOBS! Period!!!

Mathews Realty Group

Retirement Planning

Investment Services

Amplify’d from www.advisorone.com

Why Is Economy Faltering? Conference Board's Goldstein Explains the Drivers

The four factors most responsible for dragging down economic performance last month was a rise in new jobless claims; a decline in average weekly hours; slower delivery of manufacturing supplies; and a decline in building permits for new private housing units.

On May 17 the Commerce Department reported that construction of new homes and apartments fell 10.6% in April to an annualized rate of 523,000, down nearly 24% from the same time last year.

Housing is the last leg over the fence as far as the economy is concerned,” he said.

Read more at www.advisorone.com

Thursday, May 19, 2011

The Retirement Myth!

In 1964, a Dollar was worth a Dollar in purchasing power. Since then, personal income levels have not kept pace with inflation. For most Seniors, making up a lost decade of wealth to retire comfortably isn't in the cards, sorry to say!!!

Mathews Realty Group

Retirement Planning/Investment Services

"Self Direct IRA" Income Plans

Amplify’d from www.benefitspro.com

Seniors lost 32 percent of their buying power since 2000

A majority of those receiving Social Security depend on it for at least 50 percent of their income in retirement

Since 2000, senior citizens have lost almost one-third of their buying power, according to the Annual Survey of Senior Costs, released recently by The Senior Citizens League (TSCL), one of the nation's largest nonpartisan senior advocacy groups.

A majority of the 37 million Americans aged 65 and over who receive a Social Security check depend on it for at least 50 percent of their total income, and one in three beneficiaries rely on it for 90 percent or more of their total income.

Read more at www.benefitspro.com

Tuesday, May 17, 2011

Home Buyers Need To Know New FHA Rules!

The old days and ways of buying a home are long gone! When shopping for a Home today, buyers need to be educated and aware of all the new rules and regulations involved when purchasing a home. The most important being; "Show Me The Money" First!

Mathews Realty Group

Investment Services/Retirement Planning

Amplify’d from firsttuesdayjournal.com

Higher FHA-insured loan costs push homebuyers to prowl the market

Annual default premiums (MIPs) on 30-year Federal Housing Administration (FHA)-insured loans for homebuyers with less than 5% down payment rose to 1.1 or 1.15% of the home value from 0.85 or 0.9%, effective April 18, 2011. For a homebuyer paying the minimum 3.5% down payment on a $400,000 home, the FHA’s recent increase in MIPs adds $83 to his monthly payment to the lender. Homebuyers who make down payments of at least 5% can obtain better rates with private mortgage insurance (PMI) companies whose insurance premiums decrease for higher down payments.

In California, lenders are also required to deliver homebuyers a Department of Real Estate (DRE) mortgage loan disclosure statement (MLDS), which includes additional information on top of the GFE. [See first tuesday Form 204, 204-1 and 204-2.]

Read more at firsttuesdayjournal.com

Tuesday, May 10, 2011

Home Prices To Stabilize By Third Quarter!

Another Crystal Ball? At least this one is backed up with factual realities!

Amplify’d from www.dsnews.com

Fiserv Expects Affordability from Declining Prices to Stabilize Housing

Fiserv, Inc. on Monday released an analysis of home price trends in more than 375 U.S. markets. While residential property values are continuing to fall on a year-over-year-basis in three-quarters of the metros covered in the study, Fiserv sees signs of stabilization on the horizon.

Based on its analysis of the Fiserv Case-Shiller Indexes and data from the Federal Housing Finance Agency, the Wisconsin-based information and technology provider reports that home prices in the fourth quarter of 2010 continued the double-dip that started in the summer of last year following the expiration of the homebuyer tax credit.

Read more at www.dsnews.com

Monday, May 9, 2011

No End In Sight For HUD REO'S!

This is what happens when you take a band aid off of a wound that hasn't healed yet! All the Government Programs and all the money spent, trying to stop the bleeding in the Housing Market, has failed miserably. While the Banks and the Fat Cats on Wall Street keep getting richer, the average Joe The Plumber, Home Owner, will soon be out on the street, looking for another place to live.

Mathews Realty Group

Real Estate Investment Services

"Building Lifestyle For Life"

Amplify’d from www.dsnews.com

HUD's Inventory of REOs More Than Double a Year Ago

HUD has released a report detailing recent business activity at the Federal Housing Administration (FHA). It shows that the federal agency’s inventory of REO homes has ballooned as sales from this portfolio fell sharply during the final months of 2010 and early part of this year.

HUD manages the disposition of homes with FHA loans that have been repossessed.

The cumulative number of defaults reported on FHA-insured loans for the 2011 fiscal year, which for the federal agency began last October, stood at 619,712 as of the end of February.

Read more at www.dsnews.com

Yucaipa Ca. Still A Buyers Market!

Amplify’d from www.altosresearch.com

YUCAIPA Real Estate Market Today

Median Price of homes in YUCAIPA, CA. Measured on May 08 2011.

Price Trends

The median single family home price as of May 08 2011
for YUCAIPA is $227,627.

Explain this

YUCAIPA Condo reports and zip-code level detail
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Market Action Index of homes in YUCAIPA, CA. Measured on May 08 2011.

Market Conditions

With a Market Action Index as of May 08 2011 at 18.60, YUCAIPA is
currently a buyer's market.

Explain this
Days On Market of homes in YUCAIPA, CA. Measured on May 08 2011.

Sales and Demand Trends

The average property in YUCAIPA as of May 08 2011 has been on the market for about 150 days.

Explain this
Price Per Square Foot of homes in YUCAIPA, CA. Measured on May 08 2011.

Price Per Square Foot

The median price per square foot for homes in YUCAIPA
as of May 08 2011 is about $114.

Explain this
Inventory of homes in YUCAIPA, CA. Measured on May 08 2011.

Homes for Sale

There are about 286 properties on the
market in YUCAIPA as of May 08 2011.

Explain this
Read more at www.altosresearch.com