Lending standards easing as banks seek to maintain market share

| Harlan Griswold III

CREDIT LOOSENS UP I often hear from buyer and sellers the idea that obtaining a home loan is very difficult, and that’s why the real estate market has not recovered more quickly.   My perception is that we’ve returned to traditional lending practices, which was the goal of regulators, after the Great Recession.   The article below […]       [Read More]

CREDIT LOOSENS UP I often hear from buyer and sellers the idea that obtaining a home loan is very difficult, and that’s why the real estate market has not recovered more quickly.   My perception is that we’ve returned to traditional lending practices, which was the goal of regulators, after the Great Recession.   The article below […]

FHA insurance rates too high – borrowers going elsewhere.

| Harlan Griswold III

Blog Posting – FHA insurance rates too high As creative financing disappeared with the Great Recession, the FHA (HUD insured) loans became the go-to loan for many of our clients.  At that time, the loan terms were easy – no minimum FICO score, and monthly mortgage insurance was .55% annually, ending five years after origination […]       [Read More]

Blog Posting – FHA insurance rates too high As creative financing disappeared with the Great Recession, the FHA (HUD insured) loans became the go-to loan for many of our clients.  At that time, the loan terms were easy – no minimum FICO score, and monthly mortgage insurance was .55% annually, ending five years after origination […]

WATER USEAGE CHART

| Harlan Griswold III

We’ve been hearing a lot about the drought in California this year, and the recent rain has not done much to resolve the problem.   The chart below shows where the water is used in a typical home.   Note how much of the usage is for landscaping!   It seems like the obvious place to begin to […]       [Read More]

We’ve been hearing a lot about the drought in California this year, and the recent rain has not done much to resolve the problem.   The chart below shows where the water is used in a typical home.   Note how much of the usage is for landscaping!   It seems like the obvious place to begin to […]

CA real estate – Distressed markets shrinks dramatically

| Harlan Griswold III

Distressed housing market shrinks dramatically since housing downturn of Great Recession LOS ANGELES (March 10) – Vastly improved home prices over the past five years have changed the landscape of California’s distressed housing market, which is now just a fraction of what it was during the Great Recession, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said […]       [Read More]

Distressed housing market shrinks dramatically since housing downturn of Great Recession LOS ANGELES (March 10) – Vastly improved home prices over the past five years have changed the landscape of California’s distressed housing market, which is now just a fraction of what it was during the Great Recession, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said […]

Market slowdown?

| Harlan Griswold III

Why slowdown may be temporary I’ve been writing lately about market conditions, and wondering why we have statistics that seem contradictory.   The question seems to be: why are we seeing signs of a slowdown, and yet inventory is very low and prices keep climbing? We’ve been hearing about weather being a major factor in the […]       [Read More]

Why slowdown may be temporary I’ve been writing lately about market conditions, and wondering why we have statistics that seem contradictory.   The question seems to be: why are we seeing signs of a slowdown, and yet inventory is very low and prices keep climbing? We’ve been hearing about weather being a major factor in the […]