Congress voted to restore home loan limits

by countyproperties | Nov 3, 2011 | Finance, Latest News, Real Estate news

We have great news to share with you. Last week, Congress voted to restore loan limits and the maximum cap for Federal Housing Authority (FHA) loans. Their action reinstates the loan limit of 125 percent of area median price, up to $729,750. Higher loan limits will...

Pending Home Sales Higher Than a Year Ago

by countyproperties | Oct 31, 2011 | Latest News, Real Estate news

Pending home sales declined in September, although activity remains above a year ago, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, fell 4.6 percent to 84.5 in...

Economy Grows at 2.5 Percent

by countyproperties | Oct 31, 2011 | Finance, Latest News, Real Estate news

The economy grew at an annual rate of 2.5 percent in the three months ending Sept. 30, the government reported, easing fears that the nation would fall into a second recession but still too slow a pace to cut significantly into the high unemployment rate....

September new homes sales up 5.7%

by countyproperties | Oct 31, 2011 | Latest News, Real Estate news

Sales of new single-family homes increased 5.7% in September from the prior month, topping most analysts’ estimates. The Commerce Department said the seasonally adjusted rate of 313,000 units last month rose from 296,000 for August, which was revised upward...

Rental Demands heating up

by countyproperties | Oct 21, 2011 | Latest News, Real Estate news, San Diego Investment Properties, San Diego Real Estate

Freddie Mac (OTC: FMCC) recently released its U.S. Economic and Housing Market Outlook for October showing with rental demand rising and apartment economics improving, the multifamily sector is a strong positive signal for the U.S. housing industry. Over the year...

What Drives Mortgage Interest Rates

by countyproperties | Oct 21, 2011 | Finance, Latest News, Real Estate news

Mortgage interest rates are not set by banks, lenders or brokers. Mortgage interest rates are based on mortgage-backed securities (MBS), which trade just like regular stocks and bonds. In essence, if MBS selling volume is lower, bond yields and mortgage interest rates...