Bob Phillips 132 connections

Housing Starts Are Down And Why It's Terrific News For Sellers

A "Housing Start" is a home on which construction has started and, for the 4th straight month, national single-family housing starts held steady last month. 
When the demand for homes grows faster than the number of homes for sale, prices increase. 
As recent home sales data confirms, buyers... more »

Orange County Housing Report: Short Sales are a Nightmare

Here is the latest Orange County, California, Housing Report from my friend Steven Thomas, the President of Altera Real Estate.
Monday, November 16, 2009
Have you ever pedaled up a steep hill on your bicycle as a kid only to wonder if you were going to ever make it? That's the same feeling that... more »

The 2010 Conforming Loan Limits

A conforming mortgage is one that, quite literally, conforms to the mortgage guidelines set forth by Fannie Mae or Freddie Mac.
Each year, the government sets the maximum allowable loan size for a conforming mortgage, based on "typical" housing costs nationwide. 
Loans in excess of this... more »