Nationwide Open House - June 4th & 5th Don't miss it!

http://www.realtor.org/topics/nationwideopenhouse

Housing Forecast for Spring 2011

April showing signs of a pick-up in home sales beginning this spring driven by the recent encouraging employment reports, low mortgage rates and continued high homebuyer affordability.

Outlook Highlights:

• Unemployment declined for the fourth straight month to 8.8 percent, and net employment increased by 216,000 jobs.
• A projected 5 percent increase in 2011 home sales over 2010, on a calendar year basis.
• Despite weak and inconsistent monthly job gains for the real estate sector, real estate employment was up by 10,000 jobs since last November.
• Refinancing is likely to account for a much smaller share of loan applications later this year as borrowers who are "in-the-money" decrease and mortgage rates begin inching up.
• The share of adjustable-rate mortgages loans is projected to be 7 percent in 2011, compared to the 5 percent 2010 average in part because the level of fixed-rate mortgages rates are expected to rise relative to short-term interest rates.

Search the MLS for free with a free listingbook account.  Access via my secure site at http://www.foreclosures4sale.listingbook.com/ where you can gain access to the entire MLS in real time.

Greg Wilcox: Housing market unlikely to face double dip - LA Daily News

Greg Wilcox: Housing market unlikely to face double dip - LA Daily News In more local news ~ less than 20 foreclosure units in Downtown San Diego & less than 60 short sales!!! www.downtownREOs.com for a list!

Greg Wilcox: Housing market unlikely to face double dip - LA Daily News

Greg Wilcox: Housing market unlikely to face double dip - LA Daily News In more local news ~ less than 20 foreclosure units in Downtown San Diego & less than 60 short sales!!! www.downtownREOs.com for a list!

For Sale: 4BR/2+1BA Single Family House in Oceanside, CA, $349,900

RECENTLY REDUCED! For Sale: 4BR/2+1BA Single Family House in Oceanside, CA, $349,900

Nonbank lenders staging a comeback

Mortgage lenders that are not banks acquired a bad reputation during the housing crisis, when now-defunct players like Countrywide Financial and Ameriquest Mortgage came to light as purveyors of risky, high-priced loans, often to subprime borrowers with less-than-stellar credit.
Read the Full Story:  http://www.nytimes.com/2011/04/03/realestate/03mortages.html?_r=1&ref=realestate

Want a vacation home? Prices are falling!

Been dreaming of a vacation home? Somewhere warm to get away? Or maybe a cabin in the woods? Prices are right if you can afford it.

Search online at:
http://www.foreclosures4sale.listingbook.com/

Full Story:  http://money.cnn.com/2011/03/30/real_estate/second_home_sales/index.htm