Archive for May, 2008

FHA Expanding Programs But Tightening Guidlines. Applications Increase In Temecula & Southern California

Based on tight credit conditions, the Federal Housing Administration has been expanding its programs but tightening its guidelines. Traditional FHA Loan Applications continue to flood in before guidelines tighten further.
We have seen a noticable increase in lender requested FHA Appraisals here in Temecula, Riverside County and we have heard the same from our affiliates [...]

Inland Empire, CA Housing Market Outlook

I was browsing local Temecula Real Estate sites and came across the information below on George Harltlines Blog
More empty homes in the US in history
18.6 Million in the first quarter 2008
Vacancy: 2.3 Million
67.8 % home ownership-same as last of quarter 2007
Lowest since 2002
Most in California
All of this adds up to:
UPSIDE: lower home prices, and great [...]

Riverside County & Temecula Valley Seeing Increase In FHA Home Loan Requests

Valu-Rite Appraisers has recently extended it’s coverage to include all 50 states and 1288 counties. We have seen an increase in FHA appraisal requests lately and expect to see more and more activity. We have FHA approved appraisers nationally and new appraisers join our team daily in new geographic locations.
You may ask, why the Increase? [...]

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