In these uncertain times there is plenty of information and unfortunately, misinformation, about the current state of the housing market. The misleading predictions and status updates about the market apply both here locally in Los Angeles and the country as a whole. Given the potential for ambiguity and confusion, I want to set the record […]
How Real Estate Prices Change Real estate prices are determined through much the same mechanisms as other purchasable items. In short, real estate prices are based on both the number of people capable and interested in purchasing real estate and the pieces of real estate that can be purchased on the real estate market.
Before we begin I am going to ask that all of you do as I did when sitting down to write this article: clear your mind of political affiliation/bias, and look at the facts as objectively as possible. Whether you are a fan of President Barrack Obama, or absolutely loathe him, is neither here nor […]
A bit of good news for the condominium buyers out there; the Federal Housing Finance Administration (FHA) recently revised its condominium certification rules, making it easier to qualify condominiums for FHA financing.
As we approach the deadline to file a lawsuit against the “big” banks for their alleged fraudulent behavior and activity, with regards to their involvement in the housing market crash, we are starting to see a new round of promises for retribution from government “heads” across the country; but are the promises sincere or […]