Buyers came out this Spring to take advantage of low rates and relative low prices in the neighborhoods they wanted to buy in. Now it is late Summer and a lot of home buyers still have not been able to buy a home. Home buyers have become demoralized by the lack of inventory and intense […]
Tag: Housing Market
Consumer attitudes towards the current real estate market seem to look up. Even so the ecomony seems to not have the positive outlook housing does. With the sentiment that interest rates will rise, home buyers have flocked into the real estate market to buy while rates remain low. These were some of the views of […]
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 […]
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 […]
Mortage Rates July 24th 2012 Mortgage Rates are on an undisputed tear, moving more today than any day in the past 3 weeks of progressive movement into new all-time lows. The week began much like the previous week ended, with concerns over the European financial system pulling all manner of ‘safe-haven’ bond yields lower, among […]
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 […]