The price of an existing single-family home in the Bakersfield area rose 5.6 percent to $133,000 from April to May, which could be a sign that Bakersfield will escape the double dip housing recession that has befallen much of the nation.
“I don’t want to put another nail in the Bakersfield housing market coffin just yet,” said Gary Crabtree, author of Affiliated Appraisers’ monthly Preliminary Crabtree Report. “We’re not dead yet.
“We managed to survive the winter without going into a double dip, and now we’re going into the peak buying season when parents are trying to get deals closed before kids return to school.
Single-family homes that are maintained by an association offer privacy and convenience. Although they’re aimed at baby boomers, builders are discovering that they appeal to young singles and families, too.
Harrison Watt, 3, was playfully chased by his grandmother, Mary Pat Myss, during a visit from Myss’ daughter, Allison Watt and her two sons, at Myss’ home in Pioneer Point. Myss’ home is part of a Pulte development of single family homes that are association maintained, meaning things like maintaining the lawn and shoveling the snow are not her responsibility.
With today’s historically low mortgage rates, many homeowners are refinancing their mortgages to save on monthly payments or pay off their homes faster. However, even though average home loan rates are near record lows, not every lender offers competitive interest rates. That’s why when you are looking for a lender to refinance your mortgage, choosing Quicken Loans will ensure you are guided to the best possible decision to save you money today and tomorrow.
The Rate Drop Advantage
Quicken Loans wants to help you get the most affordable home loan possible now and still be able to take advantage of any rate drops in the future, which is why they offer the Rate Drop Advantage. If
Mortgage lenders have continued to tighten consumer credit over the past year, although not as aggressively as in the past three years.
A survey of the nation’s largest banks, reported today by the Office of the Comptroller of Currency, found that 40 percent of those reporting tightened their credit standards for mortgage loans over the past year. Eight percent said they loosened their mortgage credit standards, while the rest are unchanged. That compares to over half of all banks that tightened their underwriting standards for mortgages in each of the previous three years, including nearly three-quarters in 2009. The survey covered the nation’s 54 largest banks, with 48 of them reporting on mortgage activity. Tr Read full post…
Wishing all Dads a very Happy Fathers Day.
