Monthly Archives: February 2008

New Building Permits Down 66% in Sacramento

New-home building permits plummeted 66 percent last month in the Sacramento region, compared to January 2007, the latest evidence of a still-struggling housing market. Only 224 single-family building permits were issued last month in Placer and Sacramento counties, down from … Continue reading

Posted in California Home Loan Rates, City of Valley Village | 1 Comment

Wells Fargo Tightens Loan Mortgage Parameters

In a move that could have far-reaching ramifications for home buyers in the Golden State and elsewhere, Wells Fargo & Co. is tightening its mortgage lending guidelines in more than 200 markets across the country, including more than 30 markets … Continue reading

Posted in California Home Loan Rates, City of Valley Village | Leave a comment

House Prices Down Throughout USA – Hang Tight!

Feb. 26 (Bloomberg) — U.S. home prices plummeted at the end of last year and bank seizures of property almost doubled in January, indicating the housing slump is deepening. Home prices had their biggest fourth-quarter drop since 1991, the Office … Continue reading

Posted in California Home Loan Rates, City of Valley Village | Leave a comment

Bay Area Home Sales Down 39.9%

Existing home sales in the Bay Area declined 39.3 percent in January compared with a year ago, and the area’s median price dropped 3.9 percent year to year, the California Association of Realtors reported Monday. Statewide, home sales decreased 29.8 … Continue reading

Posted in California Home Loan Rates, City of Valley Village | 1 Comment

Over 65: Reverse Mortgage Back in Fashion

IMAGINE a scenario in which, instead of struggling to come up with the money for a mortgage payment that’s resetting to a higher level, you could tap the unused equity in your home not only to pay off that loan … Continue reading

Posted in California Home Loan Rates, City of Valley Village | Leave a comment