Archive for June, 2012

UCLA Forecasts California Housing Recovery Next Year

Despite quickening home sales and rising prices in some parts of California, the state’s housing market won’t begin a full-fledged recovery until next year, economists at UCLA predict.

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Taking Advantage of Low Rates

Mortgage rates continue to set new record lows, leaving many home buyers and refinancers wondering how low rates can go and how to capture the best rates now. Making sense of the story: Many economists are forecasting that mortgage rates will rise again later this…

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Speeding Up Short Sales

Beginning June 15, the Federal Housing Finance Agency, which regulates Fannie Mae and Freddie Mac, will require both agencies to give short-sale buyers a final decision within 60 days. Making sense of the story: Under this same guideline, Fannie Mae and Freddie Mac also must…

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Recent Posts

Aug
17

Study Says Housing Crisis Did Not Damage Homeownership Perceptions

In a recent study done by Harvard University’s Joint Center of Housing Studies, titled “Reexamining the Social Benefits of Homeownership After the Crisis”, it concluded that the impact of the housing crisis seems to have been short lived—even among those who have either direct or…

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Jul
8

2106 Expenses – Borrower Beware!

As tax season has come and gone I am always amazed at the frequency and the amount of 2106 expenses clients show on their income tax returns.  Also known as the infamous unreimbursed employee expenses, the most common deduction being made is for mileage on…

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