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10 Steps For First-Time Home Buyers

It's probably the biggest purchase you've ever made. Here's exactly what to do to prepare yourself and get t . . . 10 Steps For First-Time Home Buyers

2014 Fresno Housing Market Symposium - 10/17/14

Gazarian Real Estate Center on the campus of California State University, Fresno

Selma Hepp, Senior Economist, California Association of Realtors

NATIONAL HOUSING FUNADAMENTALS ARE POSITIVE
 Low mortgage rates, lending loosening, affordability still good in our areaDistressed sales less than 10% of marketInvestors leaving creating more opportunity for buyers needing financingOverall home ownership rate has stabilizedInternational demand for housing in CA is strong from ChineseConstruction is up NATIONAL ECONOMIC FUNDAMENTALS ARE BETTER
Economic growth is acceleratingunemployment rate 5.9%Constructions jobs up in last 12 months248,000 new jobs in Sept BUT... DEMOGRAPHICS AS DESTINY?
affordability is worseninghome ownership rate for 18 to 34 yrs old still fallinghousehold formation is VERY slowUS has become a Rental NationMillenials delaying "adulthood" and staying put longer, student loans, dim job prospectsBaby boomers delaying retirement, not selling and staying longerInventory…

Property Preservation a BUST or a Monopoly?

Concentric Equity Partners to Acquire Property Preservation, Valuation Divisions of CoreLogic

Sources close to the negotiations have confirmed to DS News that Concentric Equity Partners (CEP), owners of Mortgage Contracting Services (MCS), Asset Management Specialists (AMS), and Vacant Property Specialists (VPS) has agreed in principle to purchase CoreLogic's Property Preservation and Valuation divisions.



The deal is set to be finalized in the coming days and represents the latest in a series of strategic acquisitions for CEP to expand its growing footprint in the field services sector.

In August of last year, CEP announced the formation of a holding company to bring MCS, AMS, and VPS under common ownership. In addition to her role as MCS CEO, Caroline Reaves was named CEO of the holding company.



MCS is a nationwide provider of property inspections, property preservation and real estate owned (REO) property maintenance for the financial services industry. AMS is an industry leader …

The Macro US Housing View! (Future Lab Luncheon) - 5 Star Conference 2014, Dallas TX

Rick Sharga, Exec VP, Auction.com

6.1% unemployment for the nation now.  We have just recovered since 2009.  Ironically, labor force participation is dropping off due to the aging population of baby boomers.  Also unemployment is still high.  When adding labor force participation, it creates a 10% drop in labor force.

Recipe for a Stable Housing Market
Len Kiefer, Economic Research Director & Deputy Chief Economist Freddie Mac

Due to the weak recovery, the labor force dropping, and the unemployment rates, we will have a difficult time recovering.  Jobs are still also recovering and causing the growth to stagnate.

Four indicators of a stable housing market
1. Purchase applications - solid home sales that match demographics
2. Payment to Income - Mortgage payment in line with income
3. Current on Mortgage - few defaults, less foreclosures
4. Employment - low unemployment, more jobs, rising salaries and wages

Multi Indicator of Market:
people looking to buy homespeople who can make thei…

High Negative Equity Among Gen-Xers Causing Housing Gridlock

High Negative Equity Among Gen-Xers Causing Housing Gridlock



Having a clear understanding of your assets is imperative to come up with strategies for the future of the health of your family.  Utilizing real estate with creative solutions can create cash flow and a forever kind of lifestyle!



I am a real estate solutions kind of realtor who can help you understand where one financially stands and how to get to the goal with the swiftest and most efficient focus while making the best investment possible!



Call me for a chat!  (844) 285-1999

Obama Administration Applauds Bank of America Settlement

Obama Administration Applauds Bank of America Settlement



Obama Administration Applauds Bank of America SettlementAuthor: Brian HoneaAugust 21, 20141 Obama administration officials praised Thursday's $16.65 billion settlement between Bank of America and the U.S. Department of Justice, $7 billion of which will go to provide consumer relief to assist those distressed by the collapse of the housing market in 2008. The U.S. Department of Housing and Urban Development (HUD) announced on Thursday that Bank of America will pay $800 million to FHA-related claims and $200 million to the Government National Mortgage Association (Ginnie Mae). The remaining money (nearly $16 billion) goes to settle claims related to sales of toxic residential mortgage-backed securities leading up to the housing market collapse six years ago, HUD said.



The amount of the settlement was the largest in U.S. history between a single entity and the government.



"Under the terms of this settlement, the bank has agre…

Taking Back the Appraisal Process - Cherry Creek Mortgage (4/23/13)

Brought by Scott Hamling

In this discussion Scott discusses evolution of the appraisal. 
2009 Home Valuation Code of Conduct (HVCC) changed to Dodd Frank Act

Most importantly this give the right to realtors to discuss appraisals with Appraisers!  It is important to discuss and ask questions of the appraiser and meet them upon appraising!

1. When was the last time you appraised in this area?
2. How many homes on average do you appraise in our area per year?

Bottom line we are looking for geographic competency.

According to the new rules of the Dodd Frank it is imperative for the buying and selling realtors to be a team.  They are allowed to:
1. Consider additional, appropriate property information, including the consideration of additional comparable properties to make or support an appraisal.
2. Provide further detail, substantiation, or explanation for the appraisers value conclusion.
3. Correct erros in the appraisal report.

AMC vs Local Lenders

National appraisers have rotations …