Tuesday, February 23, 2010

Housing Prices Have Best Improvement Within Last Three Years

From CNNMoney.com- After 2009, housing prices are no longer on the decline.   Could be the best time to purchase your first home now!  To read the rest of the article, click here.



NEW YORK (CNNMoney.com) -- Home prices fell just 2.5% during the last three months of 2009 compared with the fourth quarter of 2008, according to a closely watched gauge of home price movement. That was a big improvement over the past three years.

National prices peaked during the second quarter of 2006, according to the S&P/Case-Shiller Home Price Index, then dropped a total of 32% before bottoming out during the first quarter of 2009.

Tuesday, February 16, 2010

Home Purchase Within Reach for 64 Percent in California

Given the very low mortgage rates and the buyers market in real estate, almost 2/3 of California residents can afford an entry level home.  Here is a short article from CA Real Estate Journal.  It is time to purchase your home and start building equity!  Don"t settle for renting any more!

LOS ANGELES - During the fourth quarter of 2009, 64 percent of California households could afford to buy an entry-level home. This affordability rate is only slightly higher than the 61 percent for the same period in 2008, according to the California Association of Realtors.

The minimum household income needed by first-time buyers to purchase an entry-level home of about $257,940 was $44,100. The average monthly payment including taxes and insurance was $1,470.

Monday, February 8, 2010

Property Investment upbeat for 2010- A Great Time to Invest in Your First Home, or Many Homes in the Los Angeles Area

A very positive outlook for the housing industry.  There is a great demand due to market conditions- a great time to give Bill Rayman a call at 310-295-2900 ext 113 to capitalize on and purchase your first home or several investment properties!  To read the full story to this very informative article, simply click here.

"Managers at property investment companies are optimistic that the upturn in property seen at the end of last year will continue."

"A spokeswoman for the AIC says: “It is encouraging to see property investment companies experiencing a rebound after the lows from 2007 to mid-2009." 

“The unprecedented growth in the past six months clearly cannot be maintained but for investors that take a long-term view, property is an important asset to hold as part of a diversified portfolio.”

Thursday, February 4, 2010

Los Angeles Mortgage Broker, Bill Rayman Explains FHA Financing

Bill Rayman at Mortgage Capital Partners, the largest mortgage lender in Los Angeles discusses the First Time Home Buyers tax rebate that ends April 31.  This is a great opportunity to get into the housing market with 3.5% down, a super low interest rate, and housing prices that will never be seen again.   Here is a video about the FHA mortgage loan opportunity.

Learn more about Bill Rayman and fill out an instant mortgage application at http://www.MortgageHelpLosAngeles.com or call Bill (direct) at 310-295-6213.

Tuesday, February 2, 2010

Los Angeles Mortgage - Top 10 Tips on Mortgages Loans for 2010

I found this article.  Thought you might find it useful.

10 tips on mortgages for 2010

   Give me a call if you have further questions.  Remember, I am here to help you.  There is no cost for your first 99 questions.  Seriously, call me about your own mortgage needs or if you have a friend or relative who needs help.   Bill Rayman at 310-295-2900 x 113 or email directly to BRayman@Mortgcap.com.   To read this full article, simply click here.


The article discusses the following ten mortgage areas and tips:
Lending Standards
Down Payments
Credit Scores
FHA-backed Mortgages
FHA Requirements
Mortgage Rates
Jumbo Mortgages
Fed Rate Hike
Economic Recovery
Future of Fannie and Freddie


By U.S. News & World Report


More than three years into a painful housing crash, the real-estate market has sent recent -- albeit tentative -- signs of stabilization. Home sales have increased, inventory levels are down, and price declines have become less precipitous.

Along with more-affordable home prices and a tax perk from Uncle Sam, attractive mortgage rates -- which remained near 5% as of late December -- have been a driving force behind this development. The availability of low mortgage rates will play a decisive role in the performance of the 2010 housing market as well.