Thursday, December 21, 2006

'Tis the Season!

Realty Executives Agents and their clients have collected 2 barrells full of food items to donate to Ventura County's Foodshare.
Have you been to busy to contribute to the charitable organizations you normally do? Here's an easy way to help out your neighbors right here in Ventura County. Click on the this link to Foodshare and you can virtually shop for items to contribute to the food bank that gets distributed to folks in need right here in Ventura County. If you have a Paypal account, it's even easier - just click here.

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Tuesday, December 19, 2006

New Duplex Listing!

As a follow up to the last article, here's an investment property that deserves highlighting. It's a duplex featuring 2 bedrooms and 1 bath in both units. They both have their own interior laundry. It's located on a shady, tree lined street with a creek nearby. Plenty of parking here! Asking $935,000

More information on this property and other real estate at:

Monday, December 18, 2006

Is it a Good Time to Invest?

No one has a crystal ball, so it's hard to say. However, there are signs that the Ventura and Santa Barbara County rental market is tightening and demand seems to be outpacing the supply. That usually means that rents will increase. With increasing rents, low mortgage rates, and sellers finally willing to negotiate on price and terms, we are seeing some investors return to the market here in Ventura and Santa Barbara. I should qualify that and say that solid, long term investors are considering buying, but short term flippers are still out of vogue at the moment.

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Saturday, December 16, 2006

Open House in Oxnard Pacific from 1-3pm Sunday

Come take a look at this beautiful 2 bedroom, den with 2 bathrooms mobile home. It's located in Oxnard by Pleasant Valley Road and Rice Road where Rice turns into Highway 1 (strawberry fields all around). The owners have put in new hardwood floors, low-E windows, new bathroom fixtures, painted the paneling, etc. All there is left to do is the kitchen. Come take a look this Sunday Dec. 17th from 1 to 3 pm. Call Lorraine at (805) 901-8805 for directions.

Friday, December 15, 2006

New Listing - Marina Village Townhome

Just Listed! Marina Village townhome in Port Hueneme with 2 bedrooms and 1 bath. Fresh paint and new carpet, ready for you move right in! Enjoy low homeowners dues and the nice location within a short distance to shopping, dining, and the Channel Islands Marina. Oh yeah, did I mention the price? $268,000 - one of the lowest!

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Wednesday, December 13, 2006

The Fed Speaks Again!

Fed holds key interest rate at 5.25%.
'Substantial' cooling of housing market moderating inflationary pressures.
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Friday, December 08, 2006

Is the Market Stabilizing?

"It's important to focus on where the housing market is now - it appears to be stabilizing, and comparisons with an unsustainable boom mask the fact that home sales remain historically high - they'll stay that way through 2007," said NAR Chief Economist David Lereah. "In addition, a temporary correction in prices distracts from the fact that it is primarily the number of home sales that affects the economy, and the number for this year will be the third highest on record."

It's true, when you compare this year to the past few years, it seems like doom and gloom. But, you've got to remember that the past few years was the abnormal situation. The word on the western Ventura County streets is that we are seeing buyers return in bigger numbers over the past few weeks. Many of the well priced properties in Ventura, Oxnard and Camarillo are going pending.

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Wednesday, December 06, 2006

What if You Can't Pay Your Mortgage?

A survey last year by Freddi Mac concluded that a full two thirds of home borrowers were unaware of workout options if they became unable to pay their mortgage. These options include forbearance, which temporarily delays or reduces payments, and loan modifications, which can restructure the payment terms for a fixed period. Many servicers typically describe these options in their collection letters. However, it is up to borrowers to follow-up with their servicers to learn more about these options. So, it's important to pick up the phone and communicate with your lender about all the options.

Borrowers can find a comprehensive description of workout options at the Avoiding Foreclosure page of the Freddie Mac website.

By the way, the featured picture here is lender owned. You can learn more about this property by clicking here.

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Tuesday, December 05, 2006

$80k in Down Payment Assistance

Did you know that the City of Ventura has a program that offers $80,000 in down payment assistance to those that qualify? It's a low interest, deferred payment loan that helps first time buyers get in the market. You can get more information on this program on my website at by clicking on Affordable Housing in the upper right hand corner. If you like what you see, I will put you in touch with an approved lender that can guide you through the process of qualifying for the City's program. Once approved, we can go shopping!!!

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Friday, December 01, 2006

Greenspan Thinks the Worst is Over!

There's light at the end of the tunnel! Former Federal Reserve Chairman Alan Greenspan says that the worst of the housing adjustment is over and “sales figures have stabilized.” He predicted that inventory levels will come down at a "reasonably rapid pace.”

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