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Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC]
Historically, the choice between renting or buying a home has been a close decision.
Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious.
Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!
The Impact of Homeownership on Civic Involvement
Homeowners have a much greater financial stake in their neighborhoods than renters. With the median national home price in 2015 at $223,900, even a 5% decline in home values will translate into a loss of more than $11,195 for a typical homeowner.
January 2017 Home Sales Report Riverside 92506
Real estate sales for zip code 92506, Riverside California were solid for January 2017. The biggest change is the number of homes listed for January 2017. That number increased 13.6% from 51 homes in January 2016 to 59 homes in January 2017
8 Tips To Downsize Your Parents Home – Boomers
This is an Ikea and Target generation. They live minimally, much more so than the boomers. As a result, they don’t have the emotional connection to things that earlier generations did.
Are You Stuck? Consider a Short Sale…Foreclosure Sucks!
Where do I start...there is no eloquent entree into losing your home... I say "losing" your home, but actually in today's economy that might not be an accurate statement... you may have realized that "keeping" your home is what is standing in your way of financial and...
Burt Reynolds Faces Foreclosure…Can a Short Sale Stop The Process?
Sad news for Burt Reynolds: the legendary actor is facing a foreclosure action on his Florida home after failing to make mortgage payments for more than a year, according to the Telegraph. Merrill Lynch, which owns the mortgage, filed suit against the actor in county...
Skeletons in Your Closet…or Basement? This Would entice a Bank to Short Sale
Gruesome! In this image taken in July 2011 shows the tomb and skeleton of what is believed to be an 800-year old Russian man that rests in the cellar. A Swedish real estate agent has an unusual piece of property up for sale: a five-bedroom house, complete with...
Pricing Your Home To Sell…7 Frequent Mistakes
Most experts would advise that the best way to increase your odds of a successful sale is to price your home at fair market value. But, as logical as this advice sounds, for many sellers it is still tempting to tack a few percentage points onto the price to...
Rental Nation…Unemployment…National Debt…From Short Sale To Long Term Renter?
Short Sales, Foreclosures Low Interest Rates…Why Is Renting More Desirable?
Unemployment is at an all time high for Americans, Corporate America is shrinking. Housing prices and Interest rates are at all time lows...it's cheaper to buy in many cases than to rent...Yet many Americans are choosing to RENT! Great Video from CNBC, Diana Olick on...
Interest Rates Rising Due to S&P Lowering US Credit Rating…Yes
We've not realized an immediate change however, it's likley as the smoke clears from the Standrd and Poore's Downgrade of the US credit rating from "AAA" to "AA+"; the first time since S&P began rating countries back in 1941. So, imagine if your credit rating was...
Bank of America Successfully Completes 1,873 HAFA Short Sales Since April 5, 2010
This government program Home Affordable Foreclosure Alternative initiated in April 2010 was set in motion and expectations were high. Every Real Estate Agent and Broker experienced in the Short Sale Process or lack there of, had a "spring in their step"...
New California Law Means "No Recourse" for Liens on Successful Short Sales
We've been writing about this...why? It's amazing! For many Californians, the fear of future recourse or bill collections after a short sale halted many prospective short sales from going through...well no more worries. Learn more about this new law here... CCP...
California Senate Bill 458 Passes…No More Collections on Mortgages after Successful Short Sales
Yes...it's true...Governor Brown signed into law SB 458 amending CCP 580E . That means if you're a homeowner or investor of a Single Family Residence property or a 1 to 4 unit rental property and it's not held in a corporation, LLC or other Joint...