neighborhoods

The question floating around the market amoung buyers is "Is it time to buy?"
Wow, what a loaded queston. Many industry experts agree it's a great time to buy because rates are low and prices are low.

Haven't had an opportunity to write another piece but would like bloggers to note : Fed announces quarter-point rate cut
Posted (Roy McKenzie) in breaking news, news, mortgage on December-11-2007

There still remains greater than $10 trillion of untapped home equity stock. As fewer homes are sold, fewer loans are taken out to finance purchases and surviving mortgage firms are refocusing their market to getting homeowners to refinance. Lenders promote refinancing as a flexible option to reduce bills by lowering interest rates and stretching out payments. The problem with such a mortgage pitch is that it plays down or doesn’t disclose the fact that they are temporary. Critics say such an offer appeals to the same inclination that led many borrowers astray, living beyond their means.

Facing Foreclosure: general proceedings.

California is averaging 1 foreclosure out of 88 homes. Job loss, divorce and health problems are the main reasons people stop making mortgage payments. Many homeowners are also finding their fix rate near expiration or an adjustable rate payment greater then they can afford. Due to the state of the current housing market, many people are facing foreclosure. It’s all over the news, all those statistics and explanations about what happened doesn’t tell us what to do next. This series of blogs is intended to reach those who are looking for answers and common ground. Please feel free to post your own experience, questions and answers.

Condos are coming downtown in 3 years. Affordable Condos around Modesto coming in 3-5 years. Affordable Single Family Homes available now.

A General response to last night's council meeting.

Artists have various means of paying the bills, and of course you need to get around a bit, just to have something to art about. One of my part time jobs is real estate research, you get paid if a deal made, but that's ok, as its what I used to do, and you hang art in houses. So, last Sunday, i needed something to do, and my friend asked about a property for rent downtown I'd not seen, so I took a walk. Walking down the real estate, modesto downtown appraisal walk, by mercenary graphics. Realtors also use posters, flyers, for sale signs, employ artists at times. They also right ad copy for their stuff, so being a writer, sometime poet, seemed I should look for some new poetic for my myspace blog and yahoo 360, here at myspace and blue doodle, as new poem rhyme stuff, while I'm kicking up the dusty trail in mo town, apparently working while goofing off. Multi tasking parttime employed unemployment I think you'd call it.