Local Market News
Real Estate | Real Estate News RSS feed for this section
Tax credit can be used as down payment on FHA Loans !!
The government today gave the green light to the financing of bridge loans of up to $8,000 to first time home buyers who qualify for tax credits under the Obama Administration’s economic stimulus plan. The new mortgagee letter stipulates that government agencies, non-profits and FHA-approved lenders can give advances on the tax credits. Housing secretary [...]
Tell Us Your Thoughts...U.S. to pay off mortgage investors
28. April 2009
Treasury Department announces new mortgage incentives for lenders, which will reduce monthly payments for millions of borrowers. WASHINGTON (Reuters) — The U.S. Treasury Department will Tuesday tap a $50 billion housing rescue fund to pay off mortgage investors and reduce monthly payments for millions of borrowers, said a senior administration official. Mortgage servicers that own a small [...]
Tell Us Your Thoughts...Spring Break in Palm Springs
11. March 2009
Deprecated: Function split() is deprecated in /home/desertpr/public_html/wp-content/plugins/google-analytics-for-wordpress/googleanalytics.php on line 379
Deprecated: Function split() is deprecated in /home/desertpr/public_html/wp-content/plugins/google-analytics-for-wordpress/googleanalytics.php on line 379
Several Palm Springs hotel and motel executives say they have received responses to thousands of text messages sent last week promoting spring break in the city.
“We’ve seen quite a good growth for spring break,” said Chris Barnett, revenue manager for the Hyatt Regency Suites. “We’ve already seen decent returns.”
The hotel has booked 16 reservations since [...]
US Consumer Confidence Edges Up in March.
11. March 2009
U.S. consumer confidence rose slightly in March but remained weak overall due to worries about job losses, a moribund housing sector and ailing banks, a survey released Tuesday said. Investor’s Business Daily and TechnoMetrica Market Intelligence said their IBD/TIPP Economic Optimism Index rose to 45.3 in March from 44.6 in February. “Confidence remains weak as Americans look [...]
Tell Us Your Thoughts...My latest youtube videos
27. February 2009
This section has my latest videos on youtube.com.
Tell Us Your Thoughts...30-year fixed-rate hits at least 37-year low
19. December 2008
Deprecated: Function split() is deprecated in /home/desertpr/public_html/wp-content/plugins/google-analytics-for-wordpress/googleanalytics.php on line 379
Deprecated: Function split() is deprecated in /home/desertpr/public_html/wp-content/plugins/google-analytics-for-wordpress/googleanalytics.php on line 379
Deprecated: Function split() is deprecated in /home/desertpr/public_html/wp-content/plugins/google-analytics-for-wordpress/googleanalytics.php on line 379
Deprecated: Function split() is deprecated in /home/desertpr/public_html/wp-content/plugins/google-analytics-for-wordpress/googleanalytics.php on line 379
Deprecated: Function split() is deprecated in /home/desertpr/public_html/wp-content/plugins/google-analytics-for-wordpress/googleanalytics.php on line 379
30-year fixed-rate hits at least 37-year low
December 19, 2008 11:40 AM
By Inman News
Inman News
Rates on 30-year fixed-rate mortgages are at their lowest since Freddie Mac began tracking them in 1971, the mortgage financier said in releasing the results of its weekly primary mortgage market survey.
Frank Nothaft, Freddie Mac vice president and chief economist, attributed [...]
Low prices boost valley home sales.
20. November 2008
Foreclosure sales drive valley’s third quarter Coachella Valley home sales during the third quarter of 2008 jumped 51.5 percent compared to 2007, driven predominately by buyers nabbing foreclosures and other distressed properties that have been sharply discounted. The rise in sales is a dramatic turnaround from 2007, when third-quarter housing sales were down 23.3 percent from the [...]
Tell Us Your Thoughts...Homeowners Are Being Blamed For The Financial Mess But It Was Really The Gamblers of Wall Street…And We Still Let Them Continue To Bet
4. November 2008
Deprecated: Function split() is deprecated in /home/desertpr/public_html/wp-content/plugins/google-analytics-for-wordpress/googleanalytics.php on line 379
Homeowners Are Being Blamed For The Financial Mess But It Was Really The Gamblers of Wall Street…And We Still Let Them Continue To Bet
“60 Minutes” recently produced and aired an excellent segment on the gamblers of Wall Street who, whether they were stupid or crooked, made a fortune when their bets won, but when their [...]
Strangely, “Not My House” Sentiment Continues, Albeit a Smaller Group
30. October 2008
Deprecated: Function split() is deprecated in /home/desertpr/public_html/wp-content/plugins/google-analytics-for-wordpress/googleanalytics.php on line 379
Deprecated: Function split() is deprecated in /home/desertpr/public_html/wp-content/plugins/google-analytics-for-wordpress/googleanalytics.php on line 379
Deprecated: Function split() is deprecated in /home/desertpr/public_html/wp-content/plugins/google-analytics-for-wordpress/googleanalytics.php on line 379
Deprecated: Function split() is deprecated in /home/desertpr/public_html/wp-content/plugins/google-analytics-for-wordpress/googleanalytics.php on line 379
Deprecated: Function split() is deprecated in /home/desertpr/public_html/wp-content/plugins/google-analytics-for-wordpress/googleanalytics.php on line 379
There’s no doubt we’ve been deluged with depressing economic and housing news over the past few months. Every day is a new headline, every channel has a new pundit and the recession debate has shifted from “if” to “how long.”
Given this, when fielding our Q3 Homeowner Confidence Survey earlier this month, we expected the results [...]
Bush signs $700 billion financial bailout bill
3. October 2008
Deprecated: Function split() is deprecated in /home/desertpr/public_html/wp-content/plugins/google-analytics-for-wordpress/googleanalytics.php on line 379
Deprecated: Function split() is deprecated in /home/desertpr/public_html/wp-content/plugins/google-analytics-for-wordpress/googleanalytics.php on line 379
Deprecated: Function split() is deprecated in /home/desertpr/public_html/wp-content/plugins/google-analytics-for-wordpress/googleanalytics.php on line 379
Deprecated: Function split() is deprecated in /home/desertpr/public_html/wp-content/plugins/google-analytics-for-wordpress/googleanalytics.php on line 379
President promises quick but ‘deliberative’ action to rescue Wall Street
BREAKING NEWS
law Friday a historic $700 billion bailout of the financial services industry, promising to move swiftly to use his sweeping new authority to unlock frozen credit markets to get the economy moving again.
“It’s complicated, and we’re going to make sure whatever we do is done [...]
Additional Resources
Catch Up On Our Most Recent Articles
- Tax credit can be used as down payment on FHA Loans !!
- U.S. to pay off mortgage investors
- Spring Break in Palm Springs
- US Consumer Confidence Edges Up in March.
- My latest youtube videos
- 30-year fixed-rate hits at least 37-year low
- Low prices boost valley home sales.
- Homeowners Are Being Blamed For The Financial Mess But It Was Really The Gamblers of Wall Street…And We Still Let Them Continue To Bet
- Strangely, “Not My House” Sentiment Continues, Albeit a Smaller Group
- Palm Springs Dine Out
- Bush signs $700 billion financial bailout bill
- Donald Trump: ‘Now is the time to buy’
- Palm Springs Real Estate
14. May 2009
Leave A Comment