Surprise, Surprise!

Here is some additional news that reinforces the poistive leading indicators for activity that I mentioned in my last post (from the AP):
New home sales post unexpected increase
WASHINGTON (AP) — Sales of new homes recorded an unexpected increase in September as median home prices dropped to the lowest level in four years, the Commerce Department [...]

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Fannie & Freddie take a second look at fees

With all the changes going on with the GSE’s this year there needs to be a reevaluation of their fee structure among other things.
Fannie Mae and Freddie Mac are shifting their emphasis from earning the maximum return for investors to pricing their loan guarantees to provide maximum liquidity to mortgage markets while still maintaining minimum [...]

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Sales Units up 65% and Median Prices down 1/3 in September

Here’s how it breaks out:
Southern California home sales soared a record 65 percent in September from the record lows during the same month last year, according to real estate data company MDA DataQuick, with resales of foreclosure properties accounting for half of all transactions. The median home price, meanwhile, plunged 33.2 percent year-over-year in September.
DataQuick [...]

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E+R=O

We came across this article from Jack Canfield and thought it is worth sharing with you. Jack Canfield is one of our favorite authors. He is a motivational speaker, author and editor. He has written The Success Principles as well as the Chicken Soup for the Soul series. We hope that you will enjoy reading it [...]

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Signs of the Bottom?

It’s been a wild ride in Californina Real Estate this year. It seems you couldn’t get a Buyer to write a semi-reasonable contract the first six months of the year and then the resale market took off the back half of the year.
With a historic Presidential election and the Financial Markets meltdown upon us there [...]

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