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KB Home plans to make solar power a standard home feature in nearly all of its developments in Southern California starting next year, the solar company templestowe will be in charge of doing it they announced on Monday. Wondering how long solar panel installation takes? Learn each step in the solar panel installation timeline process from consultation to activation, and discover what can affect your project timeline and efficiency. Currently, KB Home says that sales in communities with solar power as a standard are 30 percent higher than in communities […]

The conforming loan limit has been raised back to $729,950 from $625,500 for high-cost housing areas effective immediately for FHA loans that will be originated through 2013. The measure, which was approved by both the Senate and House of Representatives on November 17, 2011, was signed into law by President Obama the following day. However, the new law does not raise the loan limits for Fannie Mae or Freddie Mac-backed loans, which raised the concern of many House and Senate Republicans. Senator Bob Corker (R-Tenn.) said in an interview with […]

I am a full service residential real estate broker with additional experience originating mortgage loans and real estate investment. I count among my specialties first time home buyers as well as residential investment and multi family property. Given my locale I have significant familiarity with co-ops as well. I am an independent broker, so when you deal with my company you deal directly with the owner. My business has been a gay-friendly operation since 1998; I am a member of the National Gay & Lesbian Chamber of Commerce and have […]

Existing home sales increased 13.5% in October when compared to a year earlier and would be even higher if contract failures and cancellations plaguing the loan application process could subside, the National Association of Realtors said Monday. Total existing home sales — including single-family townhomes, condominiums and co-ops — rose to a seasonally adjusted annual rate of 4.97 million units in October, compared to 4.9 million in September and 4.38 million a year earlier. “Home sales have been stuck in a narrow range despite several improving factors that generally lead […]

The Phoenix housing market is defying conventional economic theory. Inventories of homes for sale are low, falling 41% to 21,304 in October, compared to 35,732 at the same time a year ago for Greater Phoenix, according to the Cromford Report, a market research firm in Mesa, Ariz. The number of home sales is rising—to 6,428 in October from 5,443 in same month a year ago, according to the Cromford Report. The city’s unemployment rate is inching down and is below the national average. The laws of supply and demand suggest […]

Single-family housing starts rose 3.9 percent in October with permits, a gauge for future home building, also seeing a sizable jump, the U.S. Commerce Department reports. Housing permits on single-family homes rose 5.1 percent in October to 434,000 units—its highest level since December 2010. “While we still have a long way to go toward a recovery, some signs of hope are emerging in certain markets where economic and job growth is occurring and where foreclosures have not been an overwhelming obstacle,” Bob Nielsen, chairman of the National Association of Home Builders, […]

The improving but still vulnerable economy looks more likely to avoid recession but may only push home sales slightly higher in 2012, Fannie Mae economists said Friday. The group added that by the end of 2011, home sales will have shown little improvement from 2010. According to the National Association of Realtors, existing home sales December 2010 closed at an annualized rate of 5.28 million units. In the third quarter of 2011, the rate had dropped to 4.8 million, but NAR said it was still a 17% increase from the […]

Along with a focused and detail-oriented business style, Christopher’s love of art and culture is at the heart of what he shares with his clients and brings to his work. Christopher grew up in the Bay Area of California, and moved to Portland, Oregon to attend Reed College. For many years he was co-owner of The Genoa, a remarkable Northern Italian restaurant, well known up and down the West Coast. Over 20 years ago, he moved to Santa Fe and became immersed in the vibrant arts scene, growing to richly […]

If the U.S. foreclosure crisis were a baseball game, we’d probably be in the bottom of the fourth inning. That’s roughly the message from the latest data on home foreclosures and delinquencies released by an industry association Thursday. The pace of new home foreclosures edged up again in the third quarter and the number of borrowers falling behind on their payments eased a bit, according to the Mortgage Bankers Association. The good news was that the rate of borrowers who have fallen three or more months behind on their payments has dropped to […]

This week, the federal government released more details about its revamped Home Affordable Refinance Program, which sets out to allow more home owners to refinance their mortgage and take advantage of ultra-low rates. The program is geared to those who are current on their mortgage but may be underwater, owing more on their homes than they are currently worth. Here are some more details about the changes coming to HARP: Borrowers must be current on their loan and have no delinquencies in the last six months. A borrower can be […]