Banks Tighten Standards For Real Estate Loans The preliminary results of C.A.R.’s June 2012 Broker Confidence Survey indicate that bank lending standards have not eased recently. When asked how underwriting standards in May compared to the prior six months, the majority of brokers indicated that access to credit was harder for clients (39 percent) or unchanged (44 percent); only 17 percent […]
Tag: Housing Market 2012
Brea Local Market Update for June 2012 The market update is for June 2012 for the city of Brea, CA. Real estate statistics are taken June 2012 and comparing them how they were at the same time last year, June 2011. New listings fell 20.7% for the month of June. There were only 28 new […]
EXTRA EXTRA – Mortgage Rates at Record Lows for Friday July 6th, 2012 Record-low mortgage rates stuck around for another week, allowing home buyers and homeowners looking to refinance to lock-in super low financing. Both the 30-year and 15-year fixed-rate mortgages matched their all-time lows. “Mortgage rates were virtually unchanged this week hovering at or […]
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Brea Local Market Update for May 2012
This market update is for May 2012 for the city of Brea, CA. Real estate statistics are taken from May 2012 and comparing them how they were at the same time last year, May 2011. New listings fell 10.7% for the month of May. There were only 25 new listings. On the flip side pending […]
Diamond Bar home prices. They’re everyone’s favorite indicator, and the headlines focus almost exclusively on this one metric. But prices leave much to be desired. They tell nothing about the market’s balance – whether overly saturated or in a competitive bidding environment. Historically-low mortgage rates, rising rents and strong investor activity have helped nudge certain […]
Home prices. They’re everyone’s favorite indicator, and the headlines focus almost exclusively on this one metric. But prices leave much to be desired. They tell nothing about the market’s balance – whether overly saturated or in a competitive bidding environment. Historically-low mortgage rates, rising rents and strong investor activity have helped nudge certain areas and […]