Oct 22

Down Payments Continue to Decline in Third Quarter 2013

Source: DSNews.com Lenders appear to have more confidence to lend with less cash down from qualified borrowers, as down payment percentages for 30-year, fixed rate purchase mortgages continue to decline. A new report reveals that the average down payment has dropped 2.74 percent since Q2 2013, according to a study released by LendingTree. As home …

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Oct 22

Urban Real-Estate Prices Are Booming, but Most People Live in Suburbs

During the past year, urban real estate prices have increased faster than suburban prices, leading some to speculate there has been a Renaissance in city living. However, the suburbs continue to outpace cities in population growth in light of the fact that there is more room to build and grow in the suburbs than a …

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Oct 21

Mortgage Lenders Ease Rules for Home Buyers in Hunt for Business

As a sign of mortgage lenders’ rising confidence in the housing market, restrictive lending standards are beginning to ease, and the credit freeze is starting to thaw. Lenders have started to accept lower credit scores and to reduce down-payment requirements. Making sense of the story Lenders recognize that refinancing old mortgages will no longer be …

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Oct 21

Why Home Price Gains Aren’t Lifting the Economy

Analysis of whether housing has lived up to its true potential as a catalyst for a stronger recovery has led experts to argue that while housing stopped being a drag on the economy a few years ago, it has failed to propel strong economic growth. Professors Atif Mian of Princeton University and Amir Sufi of …

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Oct 20

Homeownership rate slips to 19-year low while rental market tightens

According to the Census Bureau, 64.8 percent of homes in the U.S. are owner-occupied, the lowest share since the second quarter of 1995, as more households rented and home sales remained low in the first quarter. Homeownership rates topped 69 percent at various times in 2004 and 2005 before the foreclosure crisis and housing crash. …

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Oct 20

Report Profiles Housing Future for Older Americans

A new report by the Mortgage Bankers Association’s Research Institute for Housing America found that older Americans who own their homes are more financially secure and generally experience fewer impediments to good health compared with their peers who rent. The new report provides a profile of the housing, functional status, and health status of the …

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Oct 19

The American Dream is Still Alive for Young Renters

Despite the financial toll the recent financial crisis has had on Americans, renters continue to hold homeownership in high esteem, and it remains a goal for the majority of them, according to C.A.R.’s “2013 Renter Survey.” Nearly three-quarters of renters rated homeownership as “important,” and more than half of renters (52 percent) said they plan …

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Oct 19

U.S. House Prices Rise in Third Quarter

Home prices nationwide rose 2 percent in the third quarter compared with the second quarter, according to the Federal Housing Finance Agency (FHFA) House Price Index. This is the ninth consecutive quarterly price increase in the purchase-only, seasonally adjusted index and marks the first time since 2009 that the national house price level is higher …

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Oct 18

What You Must Know About Home Appraisals

By: G. M. Filisko Understanding how appraisals work will help you achieve a quick and profitable refinance or sale. When you refinance or sell your home, the lender will insist that you get an appraisal–an opinion of the value of your home based on what similar homes in your area have sold for in recent …

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Oct 18

Investment Property – 3 Units in East Los Angeles

215 South Lorena Street in Los Angeles Don’t miss this one! Three Units 2 Units are 2 bedrooms, 1 bath, the 3rd . Unit is a studio move in condition. Newer Paint, Cabinets, Light Fixtures, Carpet. There is a Laundry Room.  click to download flyer $275,000 Recently Updated! 215 S Lorena Street Los Angeles, CA 90063 …

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Daniel Andrade, REALTOR® DRE #: 01849983
Century 21 My Real Estate Co
7825 Florence Avenue, Downey , CA 90240
call today 323-215-9836
daniel@mynewhouses.com

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