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What Were The FHA Fees That Went Into Effect 2011?

“After careful consideration and analysis, we determined it was necessary to increase the annual mortgage insurance premium at this time in order to bolster the FHA’s capital reserves and help private capital return to the housing market,” said Stevens. [...]

February 16th, 2011 | Tags: , | Category: Market Update | One comment

When Should You Rent Vs. Buying A Home

One way, but by no means the only way, to decide whether you are better off financially renting or buying a single family residence (SFR) is to consider its price-to-rent ratio. This rule of thumb figure evaluates the price of a property and is more commonly referred to as the gross revenue multiplier (GRM). The GRM is calculated by dividing the asking price for a residence by the annual rent it or a comparable property commands.

A writer for the New York Times suggests the GRM tips at 2 [...]

January 17th, 2011 | Tags: , , | Category: Buying A Home, Market Update | 15 comments

Number Of Foreclosures In Santa Barbara County 2010

Despite the constant negativity of a new foreclosure flood hitting the market it has yet to happen. Which is probably due to a number of factors one being the increasing pressure the banks are feeling not only from the govt., [...]

August 17th, 2010 | Tags: , | Category: Market Update | Leave a comment