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July 2010 - Posts

Wednesday, July 28, 2010 7:03 AM

Rising Home Prices in Homes for Sale in Stockton and Lodi

Although the full story is not in yet and things change in this market rapidly it appears from the latest reports that home price are on the rise. Defaults on homeowner’s mortgages are at the lowest point in 3 years. Recent data indicates that the
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Saturday, July 24, 2010 8:04 AM

If you are Renting Consider Buying Your First Home: Get the Facts Renting Vs. Buy

The number of homes on the market has increased and home buyers are in a much better position to compete for available homes for sale in Stockton and Lodi and the San Joaquin Valley. Home prices on the multiple listing service are relatively flat but
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Thursday, July 22, 2010 10:57 AM

Mortgage Defualts have Fallen in Stockton and Lodi

Mortgage and loan defaults have fallen to a three year low for California, Stockton and Lodi homeowners. This is the fifth consecutive quarterly decline. Mortgage default notices were down 44 percent from the same period last year. In San Joaquin alone
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Tuesday, July 20, 2010 5:15 AM

What Is The Benefit of a Short Sale of Your Home

What is a Short Sale and How can it benefit you? Short sale are fast becoming the greatest source of homes for sale in Stockton and homes for sale in Lodi and fast out distancing foreclosed homes. Many distressed home owners are unable to be granted loan
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Monday, July 19, 2010 3:56 AM

Trends for Homes for sale in Stockton and Lodi

Good morning, the stats are in for the Stockton and Lodi Real Estate Market. Continued mortgage defaults, foreclosure homes are resulting in an increase in available homes for sale in California as well as homes for sale in Stockton and homes for sale
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Saturday, July 17, 2010 11:06 AM

Repeat Home Buyers and Real Estate Investors are Jumping into Stockton Real Estate

Repeat buyers and real estate investors are over taking first time buyers for the first time in over three years. Prices are trending up for a typical multiple listing in Stockton and Lodi. Homes for sale in California have shown a 13 percent increase
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Thursday, July 15, 2010 3:36 AM

Foreclosure or Short Sale

“We were at wits end and desperate, my husband had lost his job and we couldn't survive on my salary alone. John and I wanted to do the right thing and honor our commitment. We had tried mortgage refinance but we owed more on our home than we
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Monday, July 12, 2010 5:13 AM

Real Estate Market Trends for San Joaquin County, Stockton and Lodi

The month of June saw increases of available homes for sale in Stockton, Lodi and San Joaquin County because of a decline in pending home sales. The MLS database indicated there were 2105 homes for sale an increase of over 3% from the same period in 2009.
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Saturday, July 10, 2010 5:23 AM

Why is it Smarter to buy than Rent? The Rent vs. Buy Decision!

Rent vs. Buy , this has been a big question since I began my real estate career in 1986. Home buyers are not buying a just place to live they are building a future. Home ownership builds wealth in two ways: Appreciation and forced savings. Owning a home
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Friday, July 09, 2010 6:54 AM

Mortgage Rates for Home Buyers in Stockton and Lodi Have Dropped to 4.57%

Mortgage rates have dropped to their lowest rate 4.74 percent for a 30 year fixed rate mortgage down from 4.58 percent. When I first went into Real Estate in 1986 I have watched the interested rate climb to 16 and 18 percent. My parents had an interest
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Wednesday, July 07, 2010 3:33 AM

Short Sales vs. Loan Modifications in Stockton and Lodi Real Estate Market

The evidence available indicate that loan and mortgage modifications are not working for homeowners under stress. Many of those receiving loan modifications under the governments Home Affordable Modification Program (HAMP) are re-defaulting. It is estimated
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Saturday, July 03, 2010 8:04 AM

Qualifing for FHA Loans and Mortgages

We have seen a great deal of interest in FHA loans and mortgages, in the Stockton and Lodi area. Homebuyers are turning to these government backed loans. FHA loans are mortgages issued by qualified lenders and insured by the Federal Housing Administration.
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Thursday, July 01, 2010 4:14 AM

Short Sales Foreclosures Bank Owned Homes In Stockton

This has not been the greatest week for news about the American economy with the latest economic indicators on employment and the stock market losing ground. The most important economic indicators are those in our own community, Stockton and Lodi. With
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments