I WISH YOU ALL A HAPPY NEW YEAR
From Puerto Vallarta, Mexico
Alberto Pacheco
Monday, December 31, 2007
Tuesday, December 25, 2007
Tuesday, December 18, 2007
Long Beach Real Estate Home Sales Statistics For November 2007
New Listings: 436
Average Listing Price: $585,515
Listings Under Contract: 100
Average Listing Price: $452,184
Listings Sold:128
Average Selling Price: $503,748
% of Direfence Between Listing Price versus Selling Price: 96.21%
% Sales Price Versus Old Listing Price: 90.94%
Average Days on The Market: 79
New Listings: 436
Average Listing Price: $585,515
Listings Under Contract: 100
Average Listing Price: $452,184
Listings Sold:128
Average Selling Price: $503,748
% of Direfence Between Listing Price versus Selling Price: 96.21%
% Sales Price Versus Old Listing Price: 90.94%
Average Days on The Market: 79
Thursday, December 06, 2007
If you or someone you know is 30 days or more delinquent on their home loan, there are several option that are available to help you on them in this time of great need. Please call me as there are several solution that I may be able to recommend to you that would lessen your mortgage burden and get you on path of recovery. Some of the solutions include:
Rate Reduction and Loan Modification: If you have a reset on your loaned and your mortgage payment is going up significantly and/or you have a variable rate mortgage, some lenders allow for a note modification and rate reduction thus lowering your payment and making your payment more affordable. You could also ask for a note modification to make your loan fixed thus avoiding the surprises of your mortgage payment rising.
Forbearance: In case you have a short term crisis, such as job loss or medial illness, the lender ma allow a Forbearance thus thus suspending your payments for a period of time until you get through your crisis. At the end of forbearance, the lender may look at way to modify your payment and adjust your loan to account for the missed payments.
Short Pay or Short Sale: In the case when you simply can not afford to stay in the home and you are behind on your payments, lender may allow what is called a Short Pay or Short Sale. That is when you find a willing buyer to purchase your home for less than what is owed on the property and the lender takes a loss on the loan. Many lenders prefer this option over a foreclosure as it reduces their losses over that of a foreclosure and also gets the delinquent loan off their books sooner reducing the risk of the loan to their institution.
Finally, is you are totally satisfied with your current loan and financial situation and want to take advantage of investing in foreclosures and/or significantly reduced prices of real estate, call me to see if there will be opportunities for you to take advantage of over the next 12 months.
Investing in real estate in a down market can help you secure your retirement and financial future.
I am not speaking of flipping properties. I am speaking of investing in a rental property on a fixed rate loan to help you have an investment that will stand the rest of time and allow you many financial rewards over the long haul!
Arguably, real estate is one of the safest, most effective forms of investing for your future and build your wealth if it is done wisely and with the help of a real estate and lending professional.
Lets strategize ways to help you understand and increase the effectiveness of these investment.
Rate Reduction and Loan Modification: If you have a reset on your loaned and your mortgage payment is going up significantly and/or you have a variable rate mortgage, some lenders allow for a note modification and rate reduction thus lowering your payment and making your payment more affordable. You could also ask for a note modification to make your loan fixed thus avoiding the surprises of your mortgage payment rising.
Forbearance: In case you have a short term crisis, such as job loss or medial illness, the lender ma allow a Forbearance thus thus suspending your payments for a period of time until you get through your crisis. At the end of forbearance, the lender may look at way to modify your payment and adjust your loan to account for the missed payments.
Short Pay or Short Sale: In the case when you simply can not afford to stay in the home and you are behind on your payments, lender may allow what is called a Short Pay or Short Sale. That is when you find a willing buyer to purchase your home for less than what is owed on the property and the lender takes a loss on the loan. Many lenders prefer this option over a foreclosure as it reduces their losses over that of a foreclosure and also gets the delinquent loan off their books sooner reducing the risk of the loan to their institution.
Finally, is you are totally satisfied with your current loan and financial situation and want to take advantage of investing in foreclosures and/or significantly reduced prices of real estate, call me to see if there will be opportunities for you to take advantage of over the next 12 months.
Investing in real estate in a down market can help you secure your retirement and financial future.
I am not speaking of flipping properties. I am speaking of investing in a rental property on a fixed rate loan to help you have an investment that will stand the rest of time and allow you many financial rewards over the long haul!
Arguably, real estate is one of the safest, most effective forms of investing for your future and build your wealth if it is done wisely and with the help of a real estate and lending professional.
Lets strategize ways to help you understand and increase the effectiveness of these investment.
Tuesday, November 20, 2007
Friday, November 16, 2007
Northridge Home Sales Statistics for September 2007
Property Type: Residential
New: 138
Average Listing Price: $658,080
Under Contract: 17
Average Listing Price: $608,942
Sold: 39
Average Sold Price: $658,974
% Sales Price/Listing Price: 97.68%
% Sales PRice/Old Listing Price: 92.91%
Average Days on the Market: 70
Property Type: Residential
New: 138
Average Listing Price: $658,080
Under Contract: 17
Average Listing Price: $608,942
Sold: 39
Average Sold Price: $658,974
% Sales Price/Listing Price: 97.68%
% Sales PRice/Old Listing Price: 92.91%
Average Days on the Market: 70
Wednesday, November 07, 2007
Subprime Mortgages
If you have a mortgage loan that is going to reset this year, or on either 2008 or 2009, now is the best time to refinance since the interest rate is below 6%. You can either refinance for 30, 20 or 15 years fixed and you'll live with a peace of mind.
At least for this year and probably up to the spring of 2008, the rates are going to be the same. Refinancing from two loans into one when you have equity will be of a financial benefit to you by lowering the mortgage payment.
I hope you take advantage of the low interest rate.
If you have a mortgage loan that is going to reset this year, or on either 2008 or 2009, now is the best time to refinance since the interest rate is below 6%. You can either refinance for 30, 20 or 15 years fixed and you'll live with a peace of mind.
At least for this year and probably up to the spring of 2008, the rates are going to be the same. Refinancing from two loans into one when you have equity will be of a financial benefit to you by lowering the mortgage payment.
I hope you take advantage of the low interest rate.
Tuesday, October 30, 2007
Countrywide
The Calabasas California home based mortgage lender is bailing out a lot of their clients out of the subprime loans that are reseting this year. They are doing loan modifications, refinancing their loans to a fixed rate, in order to prevent future foreclosures.
If you have a mortgage loan with them, and you are late on your payments or unable to make them, do not put aside the letters they sent you, and don't procastinate because help is availabe, the are willing to help you in whatever way possible.
The same happens almost with every mortgage lender, they prefer to help you than ended up with a foreclosures, which cost them more money and having a repossessed property that will take months to sell.
There are also a couple on non profit foundation in Los Angeles area that are able to assist you as well, they are Acorn Housing and Naca, both have a website.
If you need help you can also approach me for guidance, I am here to help you in whatever manner I can. You can e-mail me or call me. I also post some information on my website http://www.sfvalleyhotproperties.com in regards to foreclosures.
The Calabasas California home based mortgage lender is bailing out a lot of their clients out of the subprime loans that are reseting this year. They are doing loan modifications, refinancing their loans to a fixed rate, in order to prevent future foreclosures.
If you have a mortgage loan with them, and you are late on your payments or unable to make them, do not put aside the letters they sent you, and don't procastinate because help is availabe, the are willing to help you in whatever way possible.
The same happens almost with every mortgage lender, they prefer to help you than ended up with a foreclosures, which cost them more money and having a repossessed property that will take months to sell.
There are also a couple on non profit foundation in Los Angeles area that are able to assist you as well, they are Acorn Housing and Naca, both have a website.
If you need help you can also approach me for guidance, I am here to help you in whatever manner I can. You can e-mail me or call me. I also post some information on my website http://www.sfvalleyhotproperties.com in regards to foreclosures.
Monday, October 15, 2007
Wednesday, October 10, 2007
August Home Sales in The San Fernando Valley
According to Southland Regional Association of Realtors, home sales fell an annual 33.1% to 552 transactions. Median Home price increased 5.7% to $645,000.
On the condominium side the sales plunged 40.7% to only 188 transactions and the median prices slipped 2.8% to $389,000.
We now have an inventory of 10.4 month supply, first time it broke to double digit since 1995.
Santa Clarita area condo sales plunged 40.6 % from a year ago, the median priced dipped 2.2 to $362,000 and the home listings supply climbed to 10.2 month.
According to Southland Regional Association of Realtors, home sales fell an annual 33.1% to 552 transactions. Median Home price increased 5.7% to $645,000.
On the condominium side the sales plunged 40.7% to only 188 transactions and the median prices slipped 2.8% to $389,000.
We now have an inventory of 10.4 month supply, first time it broke to double digit since 1995.
Santa Clarita area condo sales plunged 40.6 % from a year ago, the median priced dipped 2.2 to $362,000 and the home listings supply climbed to 10.2 month.
Saturday, October 06, 2007
Burbank Real Estate
Homes and Condos Sold Burbank for August 2007
ZIP CODE 91501
Homes Sold: 7 Median Price:$905,000 Price Change from Aug 2006: 15.4%
Condos Sold: 9 Median Price $415,000 Price Change from Aug 2006: -10.9%
ZIP CODE 91502
Homes Sold: 1 Median Price:$600,000 Price Change from Aug 2006: 29%
ZIP CODE 91504
Homes Sold: 13 Median Price:$829,000 Price Change from Aug 2006: 18.4%
Condos Sold: 9 Median Price $449,000 Price Change from Aug 2006: -2.9%
ZIP CODE 91505
Homes Sold: 28 Median Price:$613,000 Price Change from Aug 2006: -8.6%
Condos Sold: 5 Median Price $539,000 Price Change from Aug 2006: 12.2%
ZIP CODE 91506
Homes Sold: 10 Median Price:$649,000 Price Change from Aug 2006: 6.4%
Homes and Condos Sold Burbank for August 2007
ZIP CODE 91501
Homes Sold: 7 Median Price:$905,000 Price Change from Aug 2006: 15.4%
Condos Sold: 9 Median Price $415,000 Price Change from Aug 2006: -10.9%
ZIP CODE 91502
Homes Sold: 1 Median Price:$600,000 Price Change from Aug 2006: 29%
ZIP CODE 91504
Homes Sold: 13 Median Price:$829,000 Price Change from Aug 2006: 18.4%
Condos Sold: 9 Median Price $449,000 Price Change from Aug 2006: -2.9%
ZIP CODE 91505
Homes Sold: 28 Median Price:$613,000 Price Change from Aug 2006: -8.6%
Condos Sold: 5 Median Price $539,000 Price Change from Aug 2006: 12.2%
ZIP CODE 91506
Homes Sold: 10 Median Price:$649,000 Price Change from Aug 2006: 6.4%
Thursday, September 06, 2007
YTD Activity Report: 1/1/2007 through 8/31/2007
Property Type: Residential Granada Hills
Listings: 783
New Average Listings Price $685,119
Under Contract: 34
Average Listing Price: $645,275
Sold: 264
Average Sold Price: $639,082
% Sales Price / Listing Price: 98,22%
Sales Price / Old Listing Price: 95,97
Average Days on the Market: 64
Property Type: Residential Granada Hills
Listings: 783
New Average Listings Price $685,119
Under Contract: 34
Average Listing Price: $645,275
Sold: 264
Average Sold Price: $639,082
% Sales Price / Listing Price: 98,22%
Sales Price / Old Listing Price: 95,97
Average Days on the Market: 64
Tuesday, September 04, 2007
Homes Sold In Northridge For August 2007
Property Type: Residential
New Listings: 154
Average Listing PriceP: $756,113
Under Contract: 28
Average Listing Price: $604.670
Sold: 48
Average Sold Price: $658,579
%Sales Price/Listing Price: 97.43%
% Sales Price / Old Listing Price: 94.45%
Average Days on the Market: 71
Property Type: Residential
New Listings: 154
Average Listing PriceP: $756,113
Under Contract: 28
Average Listing Price: $604.670
Sold: 48
Average Sold Price: $658,579
%Sales Price/Listing Price: 97.43%
% Sales Price / Old Listing Price: 94.45%
Average Days on the Market: 71
Homes Sold In Granada Hills For August 2007
Property Type: Residential
New Listings: 81
Average Listing PriceP: $673,437
Under Contract: 18
Average Listing Price: $677,658
Sold: 22
Average Sold Price: $600,373
%Sales Price/Listing Price: 97.57%
%Sales Price/Listing Price: 97.57%
% Sales Price / Old Listing Price: 94.23%
Average Days on the Market: 50
Sunday, August 19, 2007
Tuesday, August 14, 2007
Tuesday, July 17, 2007
Foreclosures
7/17/07
According to real estate data provider PropertyShark.com, Foreclosures were on the rise in Los Angeles, in the second quarter,recorded 3,793 first-time trustee sales during the period, an increase of 54.6 percent from the first quarter of 2007, and a 202 percent increase compared to the first quarter of 2006.
The top five ZIP codes in Los Angeles County for trustee sales were in Lancaster and Palmdale.
7/17/07
According to real estate data provider PropertyShark.com, Foreclosures were on the rise in Los Angeles, in the second quarter,recorded 3,793 first-time trustee sales during the period, an increase of 54.6 percent from the first quarter of 2007, and a 202 percent increase compared to the first quarter of 2006.
The top five ZIP codes in Los Angeles County for trustee sales were in Lancaster and Palmdale.
Tuesday, July 10, 2007
Homes Sold on the 1st Quarter of 2007
Van Nuys Zip Code 91401
Average Price $ 510,800
Homes Sold 34
Average Days on the Market 54
% of Asking Price/Sold Listing Price 97.3 %
Van Nuys Zip Code 91402
Average Price $ 454,500
Homes Sold: 34
Average Days on Market: 89
% of Asking Price/Sold Listing Price: 98.9%
Van Nuys Zip Code 91405
Average Price $ 491,200
Homes Sold: 33
Average Days on Market: 69
% of Asking Price/Sold Listing Price: 96.2%
Van Nuys Zip Code 91406
Average Price $ 521,900
Homes Sold: 48
Average Days on The Market: 85
% of Asking Price / Sold Listing Price: 97%
Van Nuys Zip Code 91401
Average Price $ 510,800
Homes Sold 34
Average Days on the Market 54
% of Asking Price/Sold Listing Price 97.3 %
Van Nuys Zip Code 91402
Average Price $ 454,500
Homes Sold: 34
Average Days on Market: 89
% of Asking Price/Sold Listing Price: 98.9%
Van Nuys Zip Code 91405
Average Price $ 491,200
Homes Sold: 33
Average Days on Market: 69
% of Asking Price/Sold Listing Price: 96.2%
Van Nuys Zip Code 91406
Average Price $ 521,900
Homes Sold: 48
Average Days on The Market: 85
% of Asking Price / Sold Listing Price: 97%
Saturday, May 05, 2007
VIDEO
Townhome For Sale Located at 13102 1/2 Dronfield, Sylmar CA 91342n
VIDEO LISTINGAlberto Pacheco
Townhome For Sale Located at 13102 1/2 Dronfield, Sylmar CA 91342n
VIDEO LISTINGAlberto Pacheco
Realtor Calbre Lic 01200694
818 481 9211
Keller Williams Porter Ranch
Real Estate Consultant
http://www.granadahills.kwrealty.com Real Estate News, Mortgages, Trends
Wednesday, May 02, 2007
Homes Sold in Tarzana Woodland Hills and West Hills on First Quarter of 2007
1st Quarter of 2007
Tarzana
New Listings 250
Sold Listings 49
Avg Listing Price $993,161
Avg Sold Price $755,424
Days on The Market 73
Woodland Hills
New Listings 475
Sold Listings 119
Avg Listing Price $872,209
Avg Sold Price $796,217
Days on The Market 69
West Hills
New Listings 218
Sold Listings 63
Avg Listing Price $724,163
Avg Sold Price $640,853
Days on The Market 70
Tarzana
New Listings 250
Sold Listings 49
Avg Listing Price $993,161
Avg Sold Price $755,424
Days on The Market 73
Woodland Hills
New Listings 475
Sold Listings 119
Avg Listing Price $872,209
Avg Sold Price $796,217
Days on The Market 69
West Hills
New Listings 218
Sold Listings 63
Avg Listing Price $724,163
Avg Sold Price $640,853
Days on The Market 70
Alberto Pacheco
Realtor Calbre Lic 01200694
818 481 9211
Keller Williams Porter Ranch
Real Estate Consultant
http://www.granadahills.kwrealty.com Real Estate News, Mortgages, Trends
Friday, April 13, 2007
Homes Sold in Arleta Canoga Park and Encino First Quarter of 2007
San Ferndando Valley Statistics
For the 1st Quarter of 2007
ARLETA
Listings: 134
Average Listing Price $ 533,318
Homes Sold: 18
Average Sold Price $ 493,466
Average Days on The Market: 83
CANOGA PARK
Listings: 200
Average Listing Price $ 472,831
Homes Sold: 27
Average Sold Price $ 427,494
Average days on the Market: 97
ENCINO
Lisitings: 338
Average Listing Price $ 1,082,961
Homes Sold: 59
Average Sold Price $ 915,500
Average Days on the Market : 62
Alberto Pacheco
For the 1st Quarter of 2007
ARLETA
Listings: 134
Average Listing Price $ 533,318
Homes Sold: 18
Average Sold Price $ 493,466
Average Days on The Market: 83
CANOGA PARK
Listings: 200
Average Listing Price $ 472,831
Homes Sold: 27
Average Sold Price $ 427,494
Average days on the Market: 97
ENCINO
Lisitings: 338
Average Listing Price $ 1,082,961
Homes Sold: 59
Average Sold Price $ 915,500
Average Days on the Market : 62
Alberto Pacheco
Realtor Calbre Lic 01200694
818 481 9211
Keller Williams Porter Ranch
Real Estate Consultant
http://www.granadahills.kwrealty.com Real Estate News, Mortgages, Trends
Thursday, February 22, 2007
Real Estate
Rates on 30-year mortgages fell this week to the lowest level in six weeks.
The mortgage company Freddie Mac reported on Thursday that 30-year, fixed-rate mortgages averaged 6.22% this week compared with 6.30% last week.
The decline was only the second since early December. It pushed rates to the lowest level since the 30-year mortgage was at 6.21% the week of Jan. 11.
Analysts said the drop reflected in part weakness in the housing industry, shown by a 14.3% plunge in construction of new homes and apartments in January. That decline pushed the seasonally adjusted annual rate of home building down to 1.408 million units last month, the slowest pace in nearly a decade.
"Market participants were concerned over how much drag the slowing housing market may have on economic growth," said Frank Nothaft, Freddie Mac's chief economist.
Freddie Mac's survey showed that other types of mortgage rates also fell this week.
Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, were at 5.97%, down from 6.03% last week.
Five-year adjustable rate mortgages slipped to 5.96% from 6.01% last week.
One-year ARMs dropped to 5.49% from 5.52% last week.
The mortgage rates do not include add-on fees known as points. Thirty-year, 15-year and five-year mortgages all carried a nationwide average fee of 0.5 point. One-year mortgages carried an average fee of 0.7 point.
A year ago, rates on 30-year mortgages stood at 6.26% while 15-year mortgages were at 5.89%, five-year adjustable rate mortgages averaged 5.96% and one-year ARMs were at 5.32%.
Rates on 30-year mortgages fell this week to the lowest level in six weeks.
The mortgage company Freddie Mac reported on Thursday that 30-year, fixed-rate mortgages averaged 6.22% this week compared with 6.30% last week.
The decline was only the second since early December. It pushed rates to the lowest level since the 30-year mortgage was at 6.21% the week of Jan. 11.
Analysts said the drop reflected in part weakness in the housing industry, shown by a 14.3% plunge in construction of new homes and apartments in January. That decline pushed the seasonally adjusted annual rate of home building down to 1.408 million units last month, the slowest pace in nearly a decade.
"Market participants were concerned over how much drag the slowing housing market may have on economic growth," said Frank Nothaft, Freddie Mac's chief economist.
Freddie Mac's survey showed that other types of mortgage rates also fell this week.
Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, were at 5.97%, down from 6.03% last week.
Five-year adjustable rate mortgages slipped to 5.96% from 6.01% last week.
One-year ARMs dropped to 5.49% from 5.52% last week.
The mortgage rates do not include add-on fees known as points. Thirty-year, 15-year and five-year mortgages all carried a nationwide average fee of 0.5 point. One-year mortgages carried an average fee of 0.7 point.
A year ago, rates on 30-year mortgages stood at 6.26% while 15-year mortgages were at 5.89%, five-year adjustable rate mortgages averaged 5.96% and one-year ARMs were at 5.32%.
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