Oct/Nov 2011 Outlook.

■Increased caution among prospective homebuyers, together with steep financing hurdles, will continue to slow home sales, a trend that will strengthen apartment operations. In addition, the apartment sector is benefiting from tight supply conditions; stock additions over the first two quarters of 2011 marked one of the lowest 6-month totals on record. As a result, U.S. apartment vacancy retreated below the 10-year annual average of 5.9 percent in the second quarter. Although more projects are starting to move forward, the supply/demand balance will remain favorable, with vacancy to close 2011 at 5.6 percent.

Best Flip Buys

FHA Loan Secrets!
SELL THE "WORST" HOME
IN THE "BEST" NEIGHBORHOOD:Use the money for virtually anything carpet,drapes,appliances,room additions etc.
Recieve half of the money at the "close of escrow" and the other half when the repairs are completed
Hire a contractor or do the work yourself!!
FOLLOW THE EASY 6 STEP PROCESS
Buyer locates property.
Buyer creates a list improvements and schedules an inspection with a cost FHA approved "cost consultant".
Cost Consultant and Buyer prepares contactor bid package to obtain cost estimates.
Appraiser visits properties to determine "as is" value and the "improved future value". (The loan amount is based on the "improved" value)
Loan funds...escrow closes and funds are disbursed.
Construction must begin within 30 days and finish within 180 days

March 2011 Interest Rates

Rates continue at the same levels and although volatile, are moving up and down in range daily. Conforming 30 Year Fixed (under $417,000) is at 4.75%, High Balance ($417,000 to $729,750) is at 4.875 and Jumbo (over $729,750) is at 5.75%.

Remember to get your FHA buyers locked into a property and open escrow prior to April 18, 2011. After that date, the mortgage insurance rates will go from a factor of .9% to 1.15%. On a $300,000 purchase price, the monthly payment will increase $60 per month. On a $500,000 purchase price, the monthly payment will increase $100 per month.

Foreclosures For October LA to N Hollywood and inbetween!

http://socallistings.marketlinx.com/SearchDetail/Scripts/PrtBuy4/PrtBuy4.asp?emailGUID=4f128112-4004-4518-a590-b97d00ce9453&AgentId=HCOLONMI

October 2010 Rates

Rates are still volatile but trending lower after the Federal Reserve announcement last week that they may resort to further means to ease rates. They have not announce exactly what that would be but the bond markets are reacting favorably in anticipation.

Conforming 30 Year Fixed (under $417,000) are at 4% with High Balance ($417,000 to $729,750) at 4.375% and Jumbo at 5.5%. 15 Year Fixed Conforming is at 3.75%, High Balance is at 3.875% and Jumbo is at 5%.

This is an excellent time for buyers to get into a house as the affordability index is high due to these lower rates!

Click Below for Zip Codes and Find Properties for Sept 2010

http://idx-lite.diversesolutions.com/Default.aspx?MasterAccountID=2697&SearchSetupID=64

July Loan Rate Update

Rates continue at low levels as concerns have grown that the economic recovery could falter in the second half of the year. The economy continues a slow recovery evidenced by the unfavorable jobs report, auto sales and manufacturing activity decreases, drop in home sales due to the end of the Federal Tax Credit and stocks down 10% for the second quarter, all causing low consumer confidence.

Now for the good news...rates are at the lowest level in over 50 years!

Conforming 30 Year Fixed (under $417,000) are at 4.375%, High Balance ($417,000 to $729,750) are at 4.5% and Jumbo at 6%. Conforming 15 Year Fixed are especially low at 3.75%, 4.0% and 5.75%, respectively.