Cerritos, California Real Estate

All Blog Posts (66)

CalSTRS Home Loan: Buy a Home in Cerritos with Just 3% Down and No PMI

Are you a California State Teachers’ Retirement System or CalSTRS member?

Sometimes known as the California teacher's home loan, the CalSTRS 80/17 home loan program is available to employees (not just teachers) of California's Public
Schools or Community College Systems
or School districts.

The CalSTRS 80/17 loan requires a 3% down payment but only 1% is required to be the borrower's own f… Continue

Added by Michael Del Rosario on March 11, 2010 at 1:00am — No Comments

Are Home Sellers Getting More Realistic?

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Added by Michael Del Rosario on March 9, 2010 at 9:45pm — No Comments

Are Home Prices in Cerritos Still Too High?

Dr. Housing Bubble salutes Cerritos with a Real Homes of Genius Award.

A recent post on Dr. Housing Bubble:

"Your Neighbor is being foreclosed on but you don’t know it. 3 Identical Homes on the Same Street Telling us a Very Di… Continue

Added by Michael Del Rosario on February 28, 2010 at 10:30pm — No Comments

Is it Better to Sell or Rent Your House in Cerritos?

Do you own a home in Cerritos? Are you planning to sell or rent your house?

Here's a link to a simple Rent vs. Sell calculator that may help you determine which option makes more economic sense.

Click here:
http://www.forbes.com/fdc/rentorsell.shtml Continue

Added by Michael Del Rosario on February 26, 2010 at 9:30pm — No Comments

The Next Economic Storm: Commercial Real Estate

Here's a recent video from Elizabeth Warren talking about huge problems on commercial real estate loans.

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Added by Michael Del Rosario on February 23, 2010 at 11:09am — No Comments

Brent White, A Law Professor Says Homeowners Should Consider Walking Away from Their Mortgage

Whatever you decide to do with your mortgage, consult a qualified legal and tax professional first.

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Added by Michael Del Rosario on February 11, 2010 at 9:36am — No Comments

3 Million Foreclosures Expected in 2010

Here's a recent housing update from CBS Evening News:

Watch CBS News Videos Online Continue

Added by Michael Del Rosario on February 10, 2010 at 5:05am — No Comments

How to Shop for a Mortgage Using the New Good Faith Estimate

When you apply for a mortgage, always demand a Good Faith Estimate in writing from the lender. Let me emphasize the word, IN WRITING. Click Here to Download a Copy of the New Go… Continue

Added by Michael Del Rosario on January 1, 2010 at 7:00am — No Comments

Cerritos Monthly Home Price Median Report

How's the Cerritos real estate market? The price median for single family homes and condos in Cerritos and surrounding Southern California communities is published every month on DQNews. To check the Cerritos home price median for this month, please go to www.DQNews.com You can also see some charts here: http://www.cer… Continue

Added by Michael Del Rosario on December 18, 2009 at 10:30pm — No Comments

Long Beach Real Estate Radar, My New Blog Focused on the Long Beach Housing Market

I am excited to share with you my new real estate blog called Long Beach Real Estate Radar. The URL is www.longbeachrealestateradar.com Please feel free to post comments on my new… Continue

Added by Michael Del Rosario on December 16, 2009 at 2:00am — No Comments

Calculated Risk: Local Housing Inventory Observation

Housing Inventory: A Local Observation "For Sale" signs are sprouting up all over my neighborhood again. In fact it is hard to find a block without one or two homes for sale. This is a very high number, especially for December. Read more...

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Added by Michael Del Rosario on December 12, 2009 at 12:30pm — No Comments

Ten Reasons Why the California Economy and Housing Market will Face Another Challenging Year in 2010

Here's a portion of Dr. Housing Bubble's recent article: "My prognosis for California in 2010 is a continuation of a weak employment environment, continuing fiscal deficits, and a popular election that will focus on the economy. The housing market will continue to remain weak but we will see more price cuts appearing in mid to upper priced neighborhoods. Let us go through the 10 reasons why the California economy and housing market will face another challenging year in 2010."… Continue

Added by Michael Del Rosario on December 12, 2009 at 12:30pm — No Comments

Mish: Unemployment Will Be Over 10 Percent Through 2015

Even based on generous assumptions of 150,000 new jobs per month, no double-dip recession and a declining participation rate as Baby Boomers retire, "the best I can do is suggest the unemployment rate will be over 10% all the way through 2015 and never dip below 8% all the way out through the end of 2020," Mish says.… Continue

Added by Michael Del Rosario on December 11, 2009 at 10:15am — No Comments

Will a Short Sale Become Easier With the HAFA Program?

Due to the decline of home values and rising unemployment, short sale and foreclosure listings can be found in many Southern California neighborhoods, Cerritos included. Last week, the U.S. Deparment of the Treasury announced the Home Affordable Foreclosure Alternatives Program (HAFA), which provides financial incentives to servicers, borrowers, and investors for a closed short sale or a deed-in-lieu (DIL). The HAFA program intends to simplify and encourage short sales and DILs options by allo… Continue

Added by Michael Del Rosario on December 10, 2009 at 8:48am — No Comments

What Homebuyers Want from a Realtor that Home Sellers Should Know

The charts below are just parts of a report by the National Association of Realtors titled Profile of Home Buyers and Sellers 2009. These charts clearly shows why home sellers need to choose a well-trained, honest and reputable agent. When it comes to technology, having a website is the easiest part. Effective use of the web is a greater challenge especially to those agents that are not savvy enough to invest in training, marketing and technology. If you decide to sell your home with an agent,… Continue

Added by Michael Del Rosario on December 9, 2009 at 8:57am — No Comments

Karl Denninger: Loan Modifications a Joke

I just read a post on the Market Ticker by Karl Denninger. Here's the link: http://market-ticker.denninger.net/archives/1712-Loan-Modifications-A-JOKE.html And here's the testimony (pdf) of Laurie Goodman that Karl mentioned on his post: http://www.house.gov/apps/list/hearing/financialsvcs_de… Continue

Added by Michael Del Rosario on December 9, 2009 at 1:30am — No Comments

How to Sort Real Estate Listings on Cerritos Living

Want to see the newest real estate listings in Cerritos? Perhaps you want to see properties with the highest price or the homes with the largest square footage first? To search homes for sale in Cerritos or surrounding areas of Southern California, please go to: http://www.cerritosliving.com/page/cerritos-homes-for-sale-listed You can then easily sort the displayed listings to your preference. You can see the listi… Continue

Added by Michael Del Rosario on December 5, 2009 at 12:00pm — No Comments

Cerritos Home Sales Activity for November 2009

The November 2009 home sales activity report for Cerritos is now available. To view the report, please go to: http://www.cerritosliving.com/notes/Cerritos_Home_Sales_Activity_-_November_2009 Continue

Added by Michael Del Rosario on December 5, 2009 at 11:30am — No Comments

Cerritos Homebuyer Alert: Will FHA Require More Down Payment?

Homebuyers can apply for FHA financing with lower credit scores and down payment as low as 3.5% but that may change.

Here's a related LA Times article: http://www.latimes.com/business/la-fi-fha3-2009dec03,0,5834812.story Continue

Added by Michael Del Rosario on December 2, 2009 at 9:30pm — No Comments

How to Advertise Your Real Estate Listings Effectively On Craigslist

Whether you're an agent or a FSBO (for sale by owner), one of the cost-effective ways to advertise your home is using online classifieds like Craigslist. I just added a blog post on how you can make effective online classified ads that won't cost you anything. A video is also included. Please read it on my blog at www.cerritosclassifieds.com Continue

Added by Michael Del Rosario on November 28, 2009 at 11:30am — No Comments