Good Morning,
Fannie and Freddie have been taken over by the Feds. The good news rates have come down to low 6%.
Mortgage Industry and Economic News: ..(read more)
Local Market Stats
The following information is from the local MLS database, as of September 2, 2008 and is compared to (August 1, 2008). If you are interested in a little more market information feel free to give us a call, we are always happy to talk about the market.
Tracy, CA
ACTIVE Status
Total # of residential properties for sale in the city of..(read more)
Some Rental Home investors may have a Temporary Window to take advantage of a Rare Tax Law just put in place by the I.R.S.
http://realtytimes.com/rtpages/20080829_investorreport.htm(comment)
Here are NEW Government Incentives for
First-Time Home Buyers:
HOUSING AND ECONOMIC RECOVERY ACT OF 2008
First-time Homebuyer Tax Credit
FEATURE
H.R. 3221
Housing and Economic Recovery Act of 2008..(read more)
Washington Report: New Housing Bill
by Kenneth R. Harney
The massive, 600-page housing bill heading to the White House is loaded with billions of dollars of new programs, financial assistance for troubled home owners, home buyer tax credits and even a new regulatory structure to oversee Fannie Mae and Freddie Mac.
The Bill is missing things that could prove significant for certain home..(read more)
Local Market Stats
The following information is from the local MLS database, as of August 1, 2008 and is compared to (July 9, 2008). If you are interested in a little more market information feel free to give us a call, we are always happy to talk about the market.
Tracy, CA
ACTIVE Status
Total # of residential properties for..(read more)
"Finally hitting the Stockton AreaThis has been the Happening in the Tracy Market for the Last 3 months"
By Bruce Spence
Record Staff Writer
July 21, 2008 6:00 AM
The housing downturn, now permanently embossed with a "foreclosure" icon, is offering many the chance to buy when only a few years ago soaring prices had put owning a home well out of..(read more)
Here is recent changes in the law. We always want keep our clients on the cutting edge. If we can be of service please do not hesitate to e mail or call.
E-mail Tiger@bpbarringer.com
ph# 1-800-894-7282
Local 209-833-7777
FORECLOSURE RELIEF BILL BECOMES LAW
This week, the State Legislature enacted foreclosure reform law to address the adverse effects of high foreclosure rates in California...(read more)
Lee Iacocca, the man who rescued Chrysler Corporation from its deaththroes. He's now 82 years old and has new book, and here are some excerpts:
'Am I the only guy in this country who's fed up with what's happening? Where the hell is our outrage? We should be screaming bloody murder. We've got a gang of clueless bozos steering our ship of state right over a cliff, we've..(read more)
Foreclosures dip of 3.4% this month. Read this article its the first GOOD NEWS we have seen for a while. Also with the amount of buyers we are seeing coming into the market place we are hoping the inventory will be starting to go down. This will be the key in starting to see prices start heading up.
http://www.inman.com/news/2008/07/10/foreclosure-related-filings-dip-34-in-june(comment)
