From Inman News:
Stage is set for recovery: A Harvard University report released today states that while conditions that could support a housing recovery are taking shape now, the current job losses, falling home prices, and tight lending standards mean demand for housing remains remarkably low. How buyers respond when home prices stabilize and the economy [...]
Archive for June, 2009
Today’s Real Estate News
Posted in Real Estate Explained, tagged financial, harvard report, home owners, housing recovery, Kerin Cantwell, mortgage, pasadena real estate, Real Estate, vanilla loans on June 24, 2009 | Leave a Comment »
Deal of the Week
Posted in housing deals, tagged 515 grand, descanso gardens, homes for sale, Kerin Cantwell, pasadena pops, pasadena real estate, Real Estate, South Pasadena on June 4, 2009 | 3 Comments »
515 Grand Avenue in South Pasadena is a 4 bedroom, 2 bath English Revival listed for $1,248,000. This is a great price for this beautifully updated home with great schools.
This Week in Pasadena:
(From Pasadena Now)
Pasadena POPS presents an evening of free music by Music Director Rachael Worby, Tony Award-winning vocalist Valarie Pettiford, and the All [...]
Fed Clarifies Mortgage-Backed Securities
Posted in Mortgage Rates, Pasadena, tagged homeless services, Kerin Cantwell, mortgage, mortgage backed securities, Mortgage Rates, old town pasadena, Real Estate, union station, union station homeless services on June 1, 2009 | Leave a Comment »
From Al Rivera, Mortgage Consultant:
As the pressure for higher mortgage rates has increased in recent weeks, investors have speculated that the Fed would step in to “defend” certain interest rate levels, but that hasn’t happened. This week, Fed officials explained that their mortgage-backed securities (MBS) purchases are designed to support the mortgage market and not [...]
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