Sunday, February 9, 2014
Friday, February 7, 2014
Leopard Point of View
Several of my art followers have asked if my "original" oil painting is for sale; no, but now I have a Limited Time Promotion for those who would like a Signed Artist Proof.
Friday, December 6, 2013
Negative Equity: A New Way of Life in the Recovery
Negative Equity
While 4.9 million homeowners have risen from underwater since the negative equity peak in 2011, one in five homeowners with a mortgage remains underwater today, according to Zillow’s data.
That’s about 10.8 million homeowners currently in a negative equity position.
The “effective” negative equity rate is even higher at 39.2 percent in the third quarter, according to Zillow.
The “effective” rate includes all homeowners who have less than 20 percent equity in their homes. This rate is significant because selling a home and purchasing a new one “requires equity of 20 percent or more to comfortably meet related expenses,” according to Zillow.
More than half of underwater homeowners are underwater by at least 20 percent, Zillow stated. Assuming Zillow’s estimate for home price growth at 3.8 percent over the next year, it will take a homeowner with 20 percent negative equity five years to rise to the surface.
Wednesday, November 6, 2013
Aftermath of Government Shutdown...!!!
Homebuyers shook off their fears and returned to the market in force following the re-opening of the government in October, according to data presented by Redfin’s Research Center.
he Seattle-based online brokerage reported a 58 percent annual increase in the number of interested buyers reaching out to its agents in the week immediately following the resolution of the partial federal government shutdown, up from a 41 percent year-over-year increase recorded the prior week.
Monday, November 4, 2013
Monday, October 28, 2013
Need For FHA Reform... That's An Understatement...!!!
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The agency grew from a portfolio of about $400 billion before the housing crisis to about $1.1 trillion since, all while its capital reserves fell to -1.44 percent in 2012 despite a mandated minimum of 2 percent.
FHA reported a projected capital reserve of -0.4 percent for this year before a rise to 0.2 percent in 2014.
Meanwhile, the agency has upped its premiums and received $1.7 billion from the Treasury to bolster its financial status and keep the agency viable.
Saturday, October 26, 2013
Phillip Allen Fine Art Slideshow
I have always been able to depict subjects as they appear; I consider myself a 'realist'; an artist who believes in the ideology of ‘objective reality’. Realism has always been my strength; I excelled in higher education to obtain my Arts and Science degrees; schools in industrial arts, drafting, and graphic design; as my focus began to narrow I devoted my efforts in the study of medical illustration while attending San Diego State University.
Wednesday, October 23, 2013
Rising Rates Pose Greater Threat Than Initial Indications
While maintaining that tight credit conditions and rapid price gains present the greatest threats to the housing recovery,Capital Economics is ready to acknowledge that rising mortgage rates may provide more drag than the firm’s analysts first thought.
Wednesday, October 16, 2013
Tuesday, October 15, 2013
YES, We Closed Another Short Sale...!
Seal Beach, CA - Troy House / Coldwell Banker - Coastal Alliance
TEAM ShortSale - We get approvals... YOU Get Paid...!
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