Author Archives: Bob Phillips

About Bob Phillips

Serving Coto de Caza and South Orange County, in Southern California, since 1976 - over 35 years! I am now affiliated with Realty ONE Group, in Mission Viejo. I am experienced and highly trained, in today's distressed property situations, including loan modifications, and short sales - holding both the CDPE and the SFR designations. If you're looking to buy, sell, or lease property in South Orange County, California, I am thoroughly prepared to help you succeed in your goals. My California DRE license # is 00581357

Is More Fed-Led Stimulus On Its Way?

Posted on May 18, 2012 by Bob Phillips

The Federal Open Market Committee released its April 2012 meeting minutes this week, revealing a Federal Reserve in the ready for additional monetary stimulus. Continue reading →

Posted in Federal Reserve | Tagged Fed Funds Rate, Fed Minutes, FOMC | Leave a comment

Single-Family Housing Starts Powers Ahead

Posted on May 17, 2012 by Bob Phillips

The new construction housing market continues to improve. Continue reading →

Posted in Housing Analysis | Tagged Building Permits, Census Bureau, Housing Starts | Leave a comment

Homebuilder Confidence Moves To 5-Year High

Posted on May 16, 2012 by Bob Phillips

After a brief dip in April, the National Association of Homebuilders reports that the Housing Market Index rose 5 points in May to 29. Continue reading →

Posted in Housing Analysis | Tagged HMI, Homebuilder Confidence, NAHB | Leave a comment

Home Affordability Getting A Springtime Boost From Greece

Posted on May 15, 2012 by Bob Phillips

Home affordability is receiving a boost from across the Atlantic Ocean this spring. Continue reading →

Posted in Mortgage Rates | Tagged Austerity, Eurozone, Greece | Leave a comment

What’s Ahead For Mortgage Rates This Week : May 14, 2012

Posted on May 14, 2012 by Bob Phillips

Conforming mortgage rates edged higher last week. Continue reading →

Posted in Mortgage Rates | Tagged Eurozone, Jobs, Spain | Leave a comment

Is This Market ‘Bottom’ a True One That Will Stick?

Posted on May 11, 2012 by Bob Phillips

From Friday’s DSNews.com, written by Esther Cho: “During a CoreLogic economic webinar Thursday, the company’s chief economist, Mark Fleming, Ph.D., was asked if the housing market has hit bottom and will it stick, as reports seem to be speculating. Apparently, the market … Continue reading →

Posted in California real estate, Consumer Confidence, Coto de Caza real estate, Home Values, Orange County California real estate | Leave a comment

Mortgage Rates Make New All-Time Lows (Again)

Posted on May 11, 2012 by Bob Phillips

Conforming mortgage rates continue to drop. Continue reading →

Posted in Mortgage Rates | Tagged Discount Points, Freddie Mac, PMMS | Leave a comment

8-Fold Increase In “Improving Markets” Since September

Posted on May 10, 2012 by Bob Phillips

The economic and housing recovery continues nationwide, but the recovery is an uneven one. Continue reading →

Posted in Housing Analysis | Tagged IMI, Improving Market Index, NAHB | Leave a comment

B of A to Offer Principal Writedowns to 200,000 Delinquent Borrowers

Posted on May 9, 2012 by Bob Phillips

From this morning’s DSNews.com, written by Carrie Bay: “Bank of America began mailing out more than 200,000 letters this week targeting borrowers thought to be eligible for principal-reducing modifications under terms of the recent settlement the company and four other servicers … Continue reading →

Posted in California real estate, Coto de Caza real estate, Distressed properties, Household Finances, Loan modifications, Orange County California real estate, Personal Finance | Leave a comment

With LIBOR Low, Don’t Rush To Refinance Your ARM