"Home prices increase from April to May"

This trend is a simmer coming to a slow boil...

2 hrs 5 mins ago
NEW YORK – A widely watched index shows home prices posted their first monthly increase since the summer of 2006, indicating prices are finally stabilizing.

The Standard & Poor's/Case-Shiller home price index of 20 major cities released Tuesday rose 0.5 percent from April, but was still 17.1 percent below May a year ago.

The 10-city index rose 0.4 percent from April, but was off 16.8 percent from May last year. It was the fourth consecutive month both indexes didn't post record annual decline. Home prices are now at levels not seen since mid-2003.

This NAR (the National Association of Realtors)..is flexing it's muscle...

but numbers dont lie....cough,,,why are there more fore closures than ever....something is just not adding up..oh well good news is better than bad news.

Rates are going DOWN..DOWN...

Bad news equals low rates, and good news for struggling homeowners.
Mortgage rates slipped lower for the second week in a row thanks to concerns about the direction of the economy after the release of the June jobs report, according to mortgage financier Freddie Mac.
The classic 30-year fixed-rate mortgage averaged 5.20 percent during the week ending July 9, down from 5.32 percent a week ago and 6.37 percent a year earlier.
It’s still a bit higher than its record low of 4.78 percent set back in April when the refinance boom was in full swing, but not by much.
The 15-year fixed rung in at 4.69 percent, down from 4.77 percent a week earlier and 5.91 percent a year ago.
The five-year ARM averaged 4.82 percent, down from 4.88 percent a week ago and 5.82 percent this time last year.
The one-year ARM dipped to 4.82 percent from 4.94 percent, and remains below its year-ago average of 5.17 percent.
The rates above are good for conforming loan amounts with at least a 20 percent down payment.
Rates on jumbo loans continue to price higher, around 6.50 percent for a 30-year fixed.
The lower rates are encouraging, and may signal a return to a lending bonanza, though it’s too early to tell if rates will continue to fall.


"see.....this is where we're at and when the banks release that second wave of foreclosures..wow...BUY BUY BUY!!!!"

Affordability in Norwalk, you bet!!!

I can show them to you..call 818 422 2040 Mike J/Keller Williams for Updated list.

then get prequalified call Angelica...1 310 665 8688...then let's write an offer...

I'm re thinking why people buy a home ...

I believe the only reason people buy a home is because they feel a grounding in life is very important..whether it's a milestone like a mark in life.. a decision has been made to initiate a significate change. I want to stand, sleep, eat, bathe, have a family and protect my possessions in my house. This is mine. The house will represent stability, security and the investment for the future. Most importantly we all need to have a home, a roof over our heads to shelter us. A door to a home that within has peace of mind when it is closed and when it is open, lets in opportunity and hope.

I want everyone in this life to experience those feelings and I hope I will be the realtor that helps to bring that important moment in your life to reality.

Are you getting ready or standing on the sidelines?

Looking at the nation as a whole, today through the spring of 2011 may be the window for those looking to buy a house at the bottom of the market, says Gary Hager, president and founder of Integrated Wealth Management, a New Jersey-based financial planning company.

Are you getting ready or standing on the sidelines?

the preceding annoucement is probably the best advice I would say to anyone interested in buying a home.

let's break it down..

The nation as a whole.......pretty self exclaimatory...yelling through a megaphone....

today..... that means right now!!

through the spring of 2011.....what that means as if you wait too long...it will be over..

what are you going to lose.....?

Affordability.

Call me 818 422 2040 or

Angelica @ 310 665 8689

thank you!