Monthly Archives: November 2008

Rate Drops Motivate Buyers to Buy

  By Pete Carey Mercury News Posted: 11/26/2008 05:47:05 PM PST   Borrowers descended on the home loan industry Wednesday after the federal government’s latest move to shore up the financial system sparked a sharp drop in interest rates. Valley brokers … Continue reading

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Lenders Working to Work it Out

By BOB TEDESCHI - NY Times Published: November 28, 2008 A YEAR ago, most home foreclosures were concentrated in depressed manufacturing areas of the Midwest and the speculative real estate zones of Florida, Arizona and California. Most other regions were experiencing … Continue reading

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Thousand Oaks Mortgage Rates Down in California

LA Times – By Peter Y. Hong November 27, 2008 The biggest savings for shoppers this holiday season may be in home mortgages, thanks to a decline in interest rates spurred at least in part by the latest federal financial … Continue reading

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California Sales Up – Prices Down Today

SIGNONSANDIEGO NEWS SERVICES  11:13 a.m. November 25, 2008  RIVERSIDE – Home sales skyrocketed 254.9 percent in the Riverside/San Bernardino area in October, compared with the same period a year ago, while the median home price fell 39.7 percent to $209,990, … Continue reading

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Indian Wells Buyers Enjoy Price Decline

INDIAN WELLS (Calif.) — Entry-level first-time home buyers will continue to fuel the rise in Coachella Valley home sales, largely because of a decline in the median price, says the chief economist for the California Association of REALTORS. Distressed bank-forced … Continue reading

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