The housing downturn and revised license-exam requirements are possible factors in the decrease.
By JEFF COLLINS
California real estate licenses dropped last month from the year before for the first time since March 1999, ending a 7 ½ upswing in which licensees increased by 81 percent.
The California Department of Real Estate reported that the state had 548,959 licensees last month. That's still the third highest number on record, and it's equal to one licensee for every 22 California households or one for every 1.4 homes sold last year.
But that's down 0.1% from the number of licensees in December 2006 and from last November.
The housing downturn and revised license-exam requirements are possible factors in the decrease. Local Realtor associations are budgeting for membership drops of up to 15 percent in 2008.
Local real estate executives say agents and mortgage brokers have left the business in droves, or taken other jobs to make ends meet as the number of sales fell to their lowest level in at least two decades. The count of licensees is slow to drop since they're good for four years before requiring renewal.
Agents have been saying for the past two years that too many people joined their ranks during the housing boom in hopes of making easy money. For the complete article see http://www.pwr.net/
Monday, February 04, 2008
Thursday, December 06, 2007
Adjustable rate mortages frozen at their current rate
Newsflash:
December 6, 2007: In an effort to provide some stability to the mortgage market, while helping homeowner’s – as many as 2 million sub-prime ARM loans made at the start of 2005, through July 30, 2007, whose interest rates are scheduled to jump to higher rates between January 1, 2008 through July 31, 2010 will be locked in at their current rate.
Being called a ‘teaser freezer’ – the rate freeze is aimed at owner-occupied homes whose monthly mortgage payments may rise as much as 30% if adjusted to current rates. Its another effort to quash the “avalanche” of foreclosures that some in the industry are predicting. For more information visit www.federalreserve.gov or www.teamresults21.com.
December 6, 2007: In an effort to provide some stability to the mortgage market, while helping homeowner’s – as many as 2 million sub-prime ARM loans made at the start of 2005, through July 30, 2007, whose interest rates are scheduled to jump to higher rates between January 1, 2008 through July 31, 2010 will be locked in at their current rate.
Being called a ‘teaser freezer’ – the rate freeze is aimed at owner-occupied homes whose monthly mortgage payments may rise as much as 30% if adjusted to current rates. Its another effort to quash the “avalanche” of foreclosures that some in the industry are predicting. For more information visit www.federalreserve.gov or www.teamresults21.com.
Monday, June 11, 2007
A fun new toy.
I just found the coolest thing. The Meade My Sky Personal Video Planetarium! Its like have a personal astronomer. It can identify 30,000
celestial objects with point-and-shoot ease. So easy and fun!
Its got an easy menu, full color LCD screen and if you have a Meade Computerized telescope, it can even control that. Fun for the whole family, this thing is a must have for any hobbyist. I think I'll get two, one for me and one for my dad! (father's day is coming up soon.)
If you order from Opticsplanet you can get free UPS shipping! (you have to spend more than $29.95)
click here
skyscout to see everything you get and menu demos.
meade my sky
celestial objects with point-and-shoot ease. So easy and fun!
Its got an easy menu, full color LCD screen and if you have a Meade Computerized telescope, it can even control that. Fun for the whole family, this thing is a must have for any hobbyist. I think I'll get two, one for me and one for my dad! (father's day is coming up soon.)
If you order from Opticsplanet you can get free UPS shipping! (you have to spend more than $29.95)
click here
skyscout to see everything you get and menu demos.
meade my sky
Subscribe to:
Posts (Atom)
