Find Current California Home Sales Information and Real Estate Market Statistics Updated Monthly for California

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The Federal Housing Administration shook up Washington’s mortgage and real estate leaders last week by announcing that it’s shifting its entire production line to risk-based pricing — starting this summer.

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It’s more crazymaking news. Consumer sentiment in May is down to its lowest level since 1980, says a University of Michigan/Reuters survey, likely due to depressed home values and runaway fuel costs.

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To be an effective salesperson, you have to understand people. You have to understand that people buy and sell for a set of reasons. They also make decisions on whom they do that with based on their reasons, not ours. Being able to read people and ask the right questions is essential to success. Let me share the rules of reading people.

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New Mexico remained among the top states enjoying home price appreciation in the fourth quarter last year.

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Over the years all of us have accumulated an enormous amount of stuff — some of it is near and dear to our heart and the rest, well, we might classify it as just cumbersome stuff. But somehow when we downsize from, say, a 3,600 square foot home to a 1,700 square foot home, as one reader who telephoned me is doing, figuring out what to take and what to leave behind can be a painful process.

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As economic stimulus checks arrive, relieved households are spending them on gas, food and bills, thwarting the government’s intention.

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Over the years all of us have accumulated an enormous amount of stuff — some of it is near and dear to our heart and the rest, well, we might classify it as just cumbersome stuff. But somehow when we downsize from, say, a 3,600 square foot home to a 1,700 square foot home, as one reader who telephoned me is doing, figuring out what to take and what to leave behind can be a painful process.

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McLEAN, VA — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.01 percent with an average 0.6 point for the week ending May 15, 2008, down from last week when it averaged 6.05 percent. Last year at this time, the 30-year FRM averaged 6.15 percent.

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Trick #1: Get Briefed in 100 Words

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