Real Estate Information Archive

Blog

Displaying blog entries 1-2 of 2

June Local Real Estate Report-Homes Holding Value

by Southern Californias Top Producing Mother & Son Te

A visusal perspective of 2008-2010

google map to real pro systems 

June Real Estate Report
We have spoken with many buyers and sellers over the past month who have been expressing to us that they are noticing some stability in home values as they have been shopping for homes the past few months.  According to the graph below and SoCal MLS reports, it is quite accurate to say that we have hit a point of stability in the market.  The average sales price for homes for the month of May was $321,288.  That is a drop of 1.1%  from the previous month.  With that decrease in home values being very minuscule, and looking back at home values for the previous months of 2010, it is looking like there is a settling in home values and the market is much more stable.  
The graph below shows a monthly average sales price history for homes located in the cities, of Downey, Lakewood, South Gate, Whittier, Pico Rivera, Montebello, Norwalk, Bell, Bellflower, Cerritos, La Mirada, La Habra and surrounding areas, from April 2008 to May of 2010.    

 

Current Competitive Loan Programs

by Southern Californias Top Producing Mother & Son Te

!Close your Escrow in 30 days !

 

Owner Occupied  FHA
3.5% down  Purchase, Condo, SFR, up to 4 Units,

620 Minimum Fico

 

Owner Occupied  VA
0
% down Purchase, Condo, SFR, up to 4 Units,

620 Minimum Fico

 

Owner Occupied  Conventional with MI 

5% down  Purchase only SFR

Up to $417,000

680 Minimum Fico

 

Owner Occupied  Conventional NO MI  

1 – 2 units 20% down 

3- 4 units 25% down

620 Minimum Fico

 

2nd Homes

10% down Purchase SFR - No Condos or Attached Housing

Up to $417,000
680 Minimum Fico
Property Must Be Located In Resort or Vacation Area

 

Agency Jumbos Up to $729,750  
10% down Owner Occupied, Purchase, Condo, SFR,
740 Minimum Fico

 

Investment Property Conventional

1 unit  20% down

2 to 4 units 25% down

SFR ,Condos, up to 4 Units

620 Minimum Fico

 

Give us a call if you would like to get pre-approved!

Displaying blog entries 1-2 of 2

Syndication

Categories

Archives

Share This Page

Contact Information

Photo of The Mother & Son Team - Maria Palacios & Chris Gon Real Estate
The Mother & Son Team - Maria Palacios & Chris Gon
Berkshire Hathaway HomeServices, California Properties
16911 Bellflower Blvd
Bellflower CA 90706
(877) 883-1003
Fax: 562-381-9113