General real estate market observations imply that the market should see continued price stabilization or edge up in the foreseeable future, yet there is still a lot of uncertainty about the rest of this year. For one thing, it remains to be seen how the housing market will sustain itself now that the federal Homebuyer Tax Credits have ended. View the full post through the hyper-link
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As of January 1, 2010, anyone who deliberately makes any misrepresentation or omission during the mortgage lending process with the intent of influencing that process will be guilty of mortgage fraud under California law. To read the full post, please visit: http://www.brokerforyou.com/brokerforyou/?p=1755
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The worst part of the housing decline is yet to come. Seasonality. I think that one word pretty much sums up what most optimists have mistaken for a resurgent housing market. There is the next tsunami of foreclosures just starting and have yet to peak (best guess ? Summer of 2011), bank failures have yet to peak, the dollar crises is building, the true unemployment number is somewhere north of 20%. There will be no recovery on the backs of home owners for a long time to come. It will take many
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