Lending Standards Loosening?

Celia Chen, an economist for Moody’s Analytics, recently reported on her projections regarding mortgage standards throughout 2013.

“The housing recovery began in earnest in 2012, despite constraints placed by a still-tight mortgage lending environment. This year promises improvements as the drivers of tough credit standards reverse.

First, consumer credit ...

US Consumer Confidence at all time high in 5 Years!

This morning the Associated Press published the highest level of Consumer Confidence in almost 5 years! The rising confidence is directly related to steady improvement of hiring. 

The Conference Board says its consumer confidence index rose to 73.7 in November from 73.1 in October. Both are the best ...

San Diego Real Estate is on the Rise!

Median Home Prices Rise to $400,000

 

Can you smell it? Its the smell of real estate moving again in San Diego....and its about time! The median price of a single family home last month was $400,000, up 13 percent from October 2011, according to the San Diego ...

Are You Scaring Away Potential Buyers?

By Andrew Hill @ www.newhomesource.com

So you’re trying to sell your home, but you’re having a hard time making the transition from potential buyers to a sold home. Or maybe this is the first time you’re considering selling you home. Regardless of your situation, we have ...

Attorney Generals To Investigate Foreclosure Process

Officials in 49 of our 50 states and the District of Columbia have launched a joint investigation in the allegations that documents involved in the foreclosure process were mishandled in the foreclosures of thousands of homes throughout the US. During their investigation, the attorneys general will be verifying whether documentation ...

Banks Expanding Haults On Foreclosures

Three of the largest mortgage lenders have announced that they are halting foreclosures in the 23 states that go through the judicial process of foreclosure and require a judge's signature in to complete the foreclosure.  In the other 27 states, foreclosures were continuing as normal. 

On Friday, Bank of ...