ARM Twist

Now that the market is stagnate and the rates are going up, there are a lot of people struggling to
keep up w/ the ARM. This article is an example of what is happening around the country.
The worst is sometimes people end up "upside down" meaning their homes are worth less than
what they owe in debts.

ARMS

Zillow

There is a great site for all of you out there trying to find out about home values in your area.
Also it gives you graphs on current trends, and comparable sales, not to mention its free.

Zillow.com

Plateau.

Most investors have feared it, and I think its in sight, the dreaded plateau of real estate prices. Just another indicator that the white hot real estate market is now cooled off. I've noticed lately also that the supply of homes for sale is up in neighborhoods I keep a watch in, particularly in Irvine. So everyone remember Econ. 101? More supply, stagnate demand, equals?? Lets all brace for a soft landing...hopefully. But if you are looking to get out this link may help:

CNN Article

The End of Mortgage Interest Deduction??

Well their is a new proposal rumored about, and that's is the new tax reform being debated in Washington. One of the highly debated items is the end of lofty Mortgage interest deductions and replace it with a credit worth 15% of the interest paid during the year. However, the credit portion eligibility will be limited by a formula reflecting the average regional price of housing (Cap would be around $400k in So-Cal). Mortgages for second homes and interest paid on home equity loans would not be eligible for the credit.

Fox News Article

NPR Broadcast

New Tustin Developments

With all this new building/development around Tustin Marine Base, it would be nice to know what the real plans of the development are. I've was asked the same question recently by a friend. Goto www.tustinlegacy.com to learn all about the major develoments.

Think You're Ready To Buy?

Everyone is tring own their dream house, and everyone is trying to do it with their frist home. Using that method to buy a home is so wrong, especially in this market, you may be over your head before you know it. On this page there are various articles explaining the often missed costs in calculating home ownership. Read this before you decide to purchase your next home.

Article

Big Mortgage, Little Equity

When the housing market does settle down, and I do mean when, it may not be a big pop like some expect it to be. How much the market will fizzle has to do with your location. Economist predict that in metropolitan areas where jobs are available, the backlash may not be so bad. The same applies to desirable location, near beaches and sea-sides. This article makes some interesting points, and has viewpoint from the optimists and the pessimists.

Article