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Showing posts from May, 2011

Mountain House Music in The Park !

MUSIC IN THE PARK THIS SATURDAY 5/24/2011 This Saturday, May 28, is the first Music in the Park community event in 2011 . Bring your lawn chairs, blankets, and picnic baskets to Central Community Park and plan on a pleasant evening filled with music and fun. Pizza and Indian cuisine will be available for purchase at the park. Evolution , a Journey Tribute Band, will be performing onstage and there will be plenty of room to sway to the beat! The event is scheduled for 5pm - 8pm. Central Community Park is located at 25 E. Central Parkway, Mountain House, CA 95391. Enjoy the music!

Real estate affordability sets record in Q1

Homes are now more affordable than ever! Let's go home shopping! Housing affordability hit a new record high in the first quarter, surpassing the previous high set in fourth-quarter 2010, according to an index released by the National Association of Home Builders and Wells Fargo today. The Housing Opportunity Index found that 74.6 percent of new and existing homes sold in the first quarter were affordable to families earning the national median income of $64,400. That's up from 73.9 percent in the fourth quarter of 2010, and it's the highest level recorded in the more than 20 years the index has been measured. "With interest rates remaining at historically low levels, today's report indicates that homeownership is within reach of more households than it has been for more than two decades," said Bob Nielsen, chairman of the NAHB, in a statement. "While this is good news for consumers, homebuyers and builders continue to confront extremely t

Mortgage rates slide for 5th week in a row

Mortgage rates fell for the fifth week in a row as economic uncertainty continues to make bonds that fund most mortgage loans attractive to investors. Rates on 30-year fixed-rate mortgages hit a new low for the year, averaging 4.61 percent with an average 0.7 point for the week ending May 19, Freddie Mac said in releasing the results of its latest Primary Mortgage Market Survey . That's down from 4.68 percent last week and 4.84 percent a year ago. Rates on 30-year fixed-rate mortgages hit an all-time low in Freddie Mac records dating to 1971 of 4.17 percent during the week ending Nov. 11, 2010, before climbing to a 2011 high of 5.05 percent in February. Rates on 15-year fixed-rate mortgages averaged 3.8 percent with an average 0.7 point, down from 3.82 percent last week and 4.24 percent a year ago. Rates on 15-year mortgages hit an all-time low in records dating back to 1991 of 3.57 percent in November. For 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans,

Foreclosure activity slows in April

Foreclosure activity slows in April Foreclosure activity slowed in April, and foreclosure filings decreased in Arizona, California, Nevada, and Washington, according to ForeclosureRadar’s latest report. Foreclosure filings in California fell to lows not seen since fall of 2008. Notice of Default filings declined 25.8 percent, and Notice of Trustee Sale filings decreased 10.9 percent compared with March. On a year-over-year basis, foreclosure filings were down as well, with Notice of Default filings down 28 percent and Notice of Trustee Sale filings falling 31.2 percent from April 2010. Foreclosure sale cancellations rose 27 percent compared with March, and activity on the courthouse steps slowed. The average time to foreclose continued to climb, increasing 3.3 percent to 312 days.

Mountain House Short Sale - Home For Sale in Mountain House !

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Interested in this Home? To Make an Offer CALL: 408-203-3596 100% Federal Financing Available Gevon Polgar | Open Access | (408) 203-3596 539 W Viento St, Mountain House, CA Eligible for 100% USDA Financing ! 5BR/3+1BA Single Family House offered at $335,000 Year Built 2006 Sq Footage 3,072 Bedrooms 5 Bathrooms 3 full, 1 partial Floors 2 Parking 3 Car garage Lot Size 5,227 sqft HOA/Maint $0 per month DESCRIPTION Beautiful home in Move-In condition. Desirable floorplan with formal separate living and dining areas. Large family room and kitchen. Agent is CDPE Certified and Short Sale Specialist. Hurry and get your offers in! see additional photos below PROPERTY FEATURES - Central A/C - Central heat - Fireplace - Walk-in closet - Tile floor - Family room - Living room - Office/Den - Dining room - Breakfast nook - Dishwasher - Stove/Oven - Microwave - Granite countert

New Mountain House Homes For Sale

Let's go look at some NEW Homes For Sale in Mountain House !! THE ADVANTAGES OF BUYING A NEW HOME In this economic atmosphere, the prospects of getting a good deal may lure your clients toward buying a short sale or REO. But while up-front costs may seem lower on an REO or short-sale, buyers often end up paying in other ways. Here are five advantages of buying a new home to think about: 1. NO REPAIRS. With a short sale or REO, the previous owner may have stopped maintaining their property. That means your client could end up with expensive repair bills. But new home purchases often include builder warranties for workmanship, materials, and structural problems to help protect your client against large out-of-pocket repair expenses. 2. NO SURPRISES. With a new home, what you see is what you get. With an REO or short sale, what you might not see is what you get. New home purchases often come with many disclosures from the seller, though in reality, very lit

April Housing Scorecard Shows Growing Evidence of Economic Progress

RISMEDIA, May 10, 2011—The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury recently released the April edition of the Obama Administration’s Housing Scorecard—a comprehensive report on the nation’s housing market. Officials caution that the latest housing figures underscore fragility in the housing market and highlight the importance of the Administration’s foreclosure-prevention programs, which continue to help tens of thousands of struggling homeowners each month and play a critical role in setting standards for the mortgage industry. “The housing data in this month’s Scorecard offer continued mixed signals and some signs of weakness in the market—despite growing evidence of progress in the broader economy,” says HUD Assistant Secretary Raphael Bostic. “The Administration has been consistently committed to helping American homeowners and borrowers who have been hit hard by the economic recession and housing crisis, and our efforts have