Jeffrey Simons

Strategic Defaults Are NOT Strategic!!!

You may have already read or seen in the news or mass media about ‘strategic defaults’ as a possible foreclosure-avoidance option. Of the millions of homeowners in distress, more than 70% of homeowners proceed without seeking assistance or getting the facts about their situation. I’ve prepared a free report to explain ...

Monthly Survey of Real Estate Agents

Modestly Slower Traffic in December; Buying Likely Focused from February-April ■ Slight decline in buyer traffic in December; urgency needed as most wait until Spring. Our December survey of real estate agents showed a slight decrease in traffic with our buyer traffic index falling to 41.1 in ...

Low interest rates won’t be here forever… what does that mean?

Well... first it means that interest rates will increase... second it means that you will loose affordability, and third it means that we will start to see inflation set in which will discuss in later posts. Lets keep it simple. If you purchase a home today at a ...

It’s New Year’s Resolution Time!

Dear Friends, Here’s a quick note to let you know how I can help you or anyone you feel comfortable introducing me to. Every January, it seems like people make a New Year’s resolution to buy a home, and often they don’t know where to start. That’s why we’re offering our ...

Inventory… come out, come out where ever you are…

If you follow this blog, or any of my other media posts you probably already know that I have been stating for months that I believe there is (hidden) inventory just waiting to come to the market... and I'm increasingly curious... Where is the inventory? Every month I'm on the CDPE ...

The HAFA Program – Short Sale Modifications Continue…

You have probably already seen or heard on TV or in the mass media the state of our current market and some of the changes that are on the way... What you may not know is the specific changes set to take place for Short Sales. C.A.R. (California ...

If You Don’t Buy a House Now, You’re Stupid or Broke

A recent article in Business Week caught my eye. Please take a minute to read the following and let me know your thoughts. Interest rates are at historic lows but cyclical trends suggest they will soon rise. Home buyers may never see such a chance again, writes Marc Roth Well, you may ...

Credit Suisse – December Monthly Survey

Check out the latest facts and trends from Credit Suisse regarding the Los Angeles/Orange County Real Estate Market... Does this sound familiar to you? Los Angeles, CA – Attractive Affordability Continues to Lure Buyers (4,559 single-family permits in 2008, 21st largest market in the country) Buyers still in the market following the tax credit ...

WHAT TO EXPECT WHEN BUYING A DISTRESSED PROPERTY

Being an Informed Buyer Will Reduce the Stress and Surprises of Your Home Search and Purchase SEARCHING 1) Homes may be listed as Active, but they may have many offers or they may already be Sold. 2) Homes may be a Short Sale, even if it is not clearly identified. 3) Most ...

More good news for consumers… Tax Credit extended!

More good news for consumers, our members, and the housing market recovery. Following the Senate’s favorable vote yesterday, the U.S. House of Representatives just voted 403 to 12 to extend the home buyer tax credit, expanding the parameters to include existing homeowners and not just first-time buyers. As you may ...