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Thumbnail image for Buying Malibu House With FHA, Beware Of New Rule

Buying Malibu House With FHA, Beware Of New Rule

by ritasimpson April 15, 2012 Latest News

If you are considering applying for an FHA-insured mortgage to buy a house anywhere including Malibu, be aware of the new policy. Well in advance of any loan application, order your credit reports from all three national bureaus — Equifax, Experian and TransUnion — or get them free at the bureaus’ jointly run online site, http://www.annualcreditreport.com. If …

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Thumbnail image for Five Malibu Homes Offer Unique Perks

Five Malibu Homes Offer Unique Perks

by ritasimpson March 23, 2012 Latest News

It is really hard to pick “Best” home or deal in Malibu. The reason? it’s relative. Not only to the price range  but also to the preferences a buyer may have. This is why I decided I would just try to point out 5 properties that do not clamor for attention yet have some substantial …

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Thumbnail image for Real Estate Investment In Malibu Promises Higher Returns.

Real Estate Investment In Malibu Promises Higher Returns.

by ritasimpson March 20, 2012 Latest News

With the biggest names on Wall Street  lining up to become landlords to cash-strapped Americans by bidding on pools of foreclosed properties being sold by Fannie Mae.

Some prospective buyers are betting that the housing market will improve more quickly if big investors step in. “Some of these markets are very close to being stable, and this …

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Thumbnail image for First Malibu Beach Home Sales 2012

First Malibu Beach Home Sales 2012

by ritasimpson March 3, 2012 How's The Market

The year is starting with stable sales for Malibu beach homes. Last year we had three beach sales in the first two months of the year. This year the same. However the median price last year was $2,050,000, this year the median was $5,950,000. Suggesting a move towards the more expensive homes is nascent. The …

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Thumbnail image for Romantic Celebrity Malibu Retreat For Sale

Romantic Celebrity Malibu Retreat For Sale

by ritasimpson February 29, 2012 Latest News

Rare opportunity to own one of Malibu’s landmark properties.Breathtaking 360 degree views of the Pacific Ocean, Channel Islands, Boney Mountains, Serrano Valley, sunsets & city lights. A unique creation nestled atop a mountain on 22 acres  This is art as architecture at it’s finest. This truly magical retreat offers seclusion, privacy & serenity yet minutes …

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Thumbnail image for Home Resales Climbing in Malibu

Home Resales Climbing in Malibu

by ritasimpson February 23, 2012 Latest News

“We’re slowly improving for the right reasons: more jobs, more credit availability and affordability of homes,” said Stuart Hoffman, chief economist with PNC Financial Services Group.

Sales were up 8.8% in the West, 3.5% in the South, 3.4% in the Northeast and 1.0% in the Midwest.

Nationwide existing-home sales increased 4.3% in January from a month earlier …

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23% Improvement Over 2010 number Of Late Mortgage Payments

by ritasimpson February 20, 2012 Latest News

The survey, released by the Mortgage Bankers Association, showed that 7.6% of residential mortgages were at least 30 days past due on their payments at the end of 2011. That was down from 8.3% one year earlier and from a peak of 10% in early 2010, but it is still much higher than the historical …

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Investors Posed To Purchase Pool of REO’s

by ritasimpson February 2, 2012 Latest News

The Federal Housing Finance Agency (FHFA) today announced the first step of a Real-Estate Owned (REO) Initiative targeted at the hardest-hit metropolitan areas announced in August 2011. Investors interested in participating may “pre-qualify” to establish eligibility to bid on transactions in the initial pilot phase as well as subsequent phases.

The REO Initiative will allow qualified …

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FED Advocates REO Rental Program

by ritasimpson January 5, 2012 Latest News

The Federal Reserve called on lawmakers to do more to help the ailing housing market, which has been blamed for dragging down economic recovery. In a 26-page white paper, the Fed told lawmakers that more aggressive action is needed in preventing home values from falling further and handling the large supply of foreclosures that continue …

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Eviro Groups Petition for Review of Septic MOU

by ritasimpson December 22, 2011 Latest News

Environmental groups filed a petition with the State Water Resources Control Board asking it to review the Los Angeles Regional Water Quality Control Board’s Memorandum of Understanding with the City of Malibu regarding the Malibu Civic Center septic prohibition.

While the city states the Memo of Understanding is just a framework to the discussions moving froward, …

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