The skinny on the housing crisis
Posted on 15. Jun, 2010 by Joseph Hollak in Financing, Home Buyers
From 2000 – 2006, according to The Skinny on the Housing Crisis by attorney and business writer Jim Randel: “Home prices across the United States increased by 15 percent per year and 3 million new households became new homeowners. During that same period, mortgage debt rose from $6 trillion in 2000 to $13 trillion in [...]
Previous Fresno homeowners could owe ‘tens of thousands of dollars’ to their lenders
Posted on 03. Jun, 2010 by Joseph Hollak in Financing, Home Buyers
Since the 1930s, California law has protected California homeowners from thousands of dollars in liability if the homeowner should default on their original mortgage loan. However, if you have lost your home to foreclosure in California you could be in danger of a large lawsuit from your previous lender for the deficiency amount because of [...]
Low mortgage rates may not last
Posted on 02. Jun, 2010 by Joseph Hollak in Financing, Home Buyers
A few days ago I wrote about how missing the tax-credit deadline could save you money in part because of the low interest rates we’re seeing right now in mortgage loans. True, Fresno mortgage interest rates are near record lows and rates haven fallen since the tax-credit deadline expired. But, don’t delay in locking in [...]
Missing the tax credit deadline could save you money
Posted on 31. May, 2010 by Joseph Hollak in Financing, Home Buyers
MISS THE TAX-CREDIT DEADLINE? If you were one of the thousands of Americans that purchased a home ahead of the tax-credit deadline this year, congratulations. Welcome to home ownership, take care of your investment and enjoy. If you missed the real estate tax-credit deadline and you’re feeling bad about it, maybe you shouldn’t be so [...]
Fresno mortgage rates fall
Posted on 20. Apr, 2010 by Joseph Hollak in Financing, Home Buyers
If you are in the market for a new home and you need a strong recommendation for a local lender, let us know. We only work with the most professional lenders in Fresno and we can recommend a few for you to talk with. This will take a lot of time, trouble and effort away from you and make the home buying process easier.
Consumers at it again
Posted on 01. Apr, 2010 by Joseph Hollak in Financing
CONSUMER SPENDING INCREASES Consumer spending increased 0.3 percent in February, while personal income and real disposable income were nearly unchanged, according to the U.S. Commerce Dept.’s Bureau of Economic Analysis. “Today’s data indicate that, as the administration’s economic recovery efforts have pulled us back from the brink and taken hold, American families have been able [...]
Debt-to-income ratio defined
Posted on 12. Feb, 2010 by Joseph Hollak in Financing, Home Buyers
I had a client contact me recently that wanted to buy Fresno real estate. She is currently renting, divorced within the past four years and was wondering if she could move to the next step of owning her own home. The buyer knew enough to check her finances before taking time to look and become [...]
This Month in Real Estate (US) : February 2010
Posted on 10. Feb, 2010 by Joseph Hollak in Financing, Home Buyers, Home Sellers
Joseph Hollak, Realtor with Keller Williams Realty TC, welcomes your comments below. You can contact Joseph to discuss your specific real estate needs.
Monday mortgage bonds unmoved
Posted on 08. Feb, 2010 by Joseph Hollak in Financing
Mortgage bonds are starting the week near an unchanged level. So far, so good on the rate watch. THE WEEK AHEAD Not much to get excited about on this week’s horizon. There are no economic reports set for release today and the coming week’s calendar is light overall. Another round of Treasury auctions could add [...]
January jobs worse than expected
Posted on 05. Feb, 2010 by Joseph Hollak in Financing
Do you someone who has lost there job since the beginning of the year? So far 2010 is off to a negative job start. The Labor Department reported today that there were 20,000 jobs lost in January. This was worse than the economists expectations of 15,000 jobs gained. The Unemployment Rate came in lower to [...]