Thumbnail image for FED Pushing Creative Solutions To Strengthen Housing Sector

FED Pushing Creative Solutions To Strengthen Housing Sector

by ritasimpson January 9, 2012 Real Estate News

The Fed’s moves in the last few months suggest it may be worthwhile to pursue more aggressive actions in terms of loan modifications, mortgage refinancing and sales of foreclosed properties even if they cause greater short-term losses at Fannie and Freddie, and so by extension to taxpayers. A possible policy option would be for the …

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Big Funds Moving Into Housing

by ritasimpson January 4, 2012 How's The Market

“We believe housing is at a turning point, not just because of affordability and improving demographics,” says Darren Richman, a senior managing director at GSO. “The inventory picture has cleared meaningfully. It’s more in balance than it’s been in a long time.”

Behind the investor optimism: Pent-up housing demand, say industry observers. Record-low mortgage rates and …

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Thumbnail image for Three New & Notable Malibu Listings To Start The New Year

Three New & Notable Malibu Listings To Start The New Year

by ritasimpson January 4, 2012 How's The Market

Malibu offers good diversity of properties to choose from to suit almost every pocket. Here are three listings to start the New Year. You can sip your martini  and watch the dolphins swim by at the terrace of the lovely Victoria Point house for lease, just North of Broad Beach and spend less than 10K …

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Malibu Park Opportunity

by ritasimpson January 3, 2012 Malibu Park

Not many houses even in Malibu can compare to the charm of this Malibu home. Nestled in beautiful landscaped gardens with many entertaining but also meditative spaces, this artistic home is a treasure. The flow of the house is truly gracious and easy and the gardens weave through the living areas so naturally you will …

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Refinance your Malibu Jumbo Now and Save!

by ritasimpson January 3, 2012 Money Talk

“It’s hard to argue rates will get much lower than they are today,” says Stuart Gabriel, director of the Ziman Center for Real Estate at the University of California, Los Angeles.

Since many refinanced earlier in the year lenders are offering incentives to win new business—particularly regional and community banks, which are focusing more on jumbo …

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Thumbnail image for Five Malibu Properties Around 2 Million

Five Malibu Properties Around 2 Million

by ritasimpson January 2, 2012 Deal Of The Month

Here is a diverse selection of properties in malibu priced around $2 million each offering a different allure. One is steps from a secluded beach and is totally and very tastefully redone, another is a large estate in a gated community with great mountain views, which at one point was on the market at $6 …

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Five Malibu Beach Buys About One Million

by ritasimpson December 31, 2011 Deal Of The Month

If you are one that likes to be able to just walk down to the beach but doesn’t want to spend 5 million or more for a beach front house in Malibu, there are some great options right now on homes with easy access to the best beaches.

These are not beach homes per se but …

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5 Events That Impacted Real Estate in 2011

by ritasimpson December 30, 2011 How's The Market

In a recent Article in Times Magazine author Jed Kolko enumerated 5 events that helped shape the real estate market in 2011. Although those present a Macro view of the issues  they do affect our unique Malibu Real Estate Market.

For example, as a result of the Robot signing scandal,  2011 stalled foreclosures will pick up …

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Thumbnail image for Malibu Prices Lower This Year, But Sales Firm

Malibu Prices Lower This Year, But Sales Firm

by ritasimpson December 22, 2011 How's The Market

In Malibu  the number of sales from last year to this year was almost identical. The difference in performance was in the prices. Prices have come down mostly in the  Malibu high luxury market with sale  prices averaging a drop of 35%.  In the Median Price Market prices dropped about 14% and in the Lower …

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Six Must Haves for Loan Approval Today

by ritasimpson December 21, 2011 Money Talk

Interest rates are hovering around historical lows, and low interest rates increase affordability, making it easier for buyers to qualify. Yet stories of buyers waiting months to gain loan approval and home purchase transactions not closing on time due to lender’s strict underwriting are all too common.

Some buyers are turned down for illogical reasons. For …

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