Monthly Archives: July 2010

Shadow Inventory. Yes? No? Maybe?

Shadow Inventory. Yes? No? Maybe? Continue reading

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Posted in Bob Phillips, California real estate, Coto de Caza real estate, Distressed properties, Orange County California, Orange County California real estate, South Orange County California | Comments Off

30-Year Mortgage Rates Make New Lows, But Look Ready To Spike

No doubt you’ve heard that mortgage rates are low. They’re lower than they’ve ever been in history. The news is everywhere. But the low rate environment looks like it’s ending. Continue reading

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Falling Consumer Confidence Helps Drag Mortgage Rates Lower. For Now.

For the second consecutive month, U.S. consumer confidence is plunging. July’s official reading is its lowest since July of last year and the figures run in stark contrast to just two months ago, when the index touched a multi-year high. Continue reading

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Case-Shiller Shows Home Price Improvement In 95% Of Cities

Standard & Poors released its Case-Shiller Index Tuesday. On a seasonally-adjusted basis, between April and May 2010, home prices rose in 19 of Case-Shiller’s 20 tracked markets. It’s the second straight month of strong Case-Shiller findings. Continue reading

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New Homes Sales Gain in June, But Gains Are Relative

June’s New Home Sales data is a major improvement over May, but gains are relative. It’s possible that the true “new home market” may be softer than the statistics suggest. Continue reading

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What’s Ahead For Mortgage Rates This Week : July 26, 2010

Mortgage rates rose last week, but only slightly. Rate are still hovering near their lowest levels of all-time. Continue reading

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Existing Home Sales Drop In June But Hint At Support For Higher Price Tiers

Consistent with most post-home buyer tax credit housing news, Existing Home Sales eased lower last month. The 5 percent drop in sales was expected, but a closer look at the month’s data reveals some interesting trends. Continue reading

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Yes, You Can Still Get A Mortgage If You’re Pregnant

The New York Times ran an important story this week concerning pregnancy and mortgage approvals. Titled “Need a Mortgage? Don’t Get Pregnant”, the article discussed the difficulties that expecting and recently-expanded families are having with their mortgage financing. Continue reading

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Housing Starts Ease 0.7 Percent In June — 7x Better Than The Headline Data

Single-family Housing Starts eased lower last month, falling by 0.7 percent from May, or 3,000 units nationwide. Continue reading

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Housing Market Holds Its Own: Life after the Tax Credit

Housing Market Holds Its Own: Life after the Tax Credit Continue reading

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Posted in Bob Phillips, California real estate, Coto de Caza real estate, Orange County California, Orange County California real estate, South Orange County California | Comments Off