“I think it is time that we revisit the West Side of Los Angeles. This area receives probably the most coverage in real estate circles even though 529,000 of the 10 million people in Los Angeles County live there. Glamour attracts attention. But within the Westside, there are many overpriced homes and areas. It is hard to convince people that there 700 square foot box isn’t worth $700,000 but that is due to years of HGTV and other housing love programming that has slanted perspectives on the actual value of real estate. You can’t blame the sellers, because who wouldn’t want to squeeze every penny out of their sale?”

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“One of the nation’s last sources of no money down financing for home loans appears to be making a comeback: Legislation that restores a Department of Agriculture home-buying program is headed to President Barack Obama’s desk for signature.”

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“NEW YORK (CNNMoney.com) — Stocks opened sharply lower Friday after government data showed U.S. economic growth was weaker than expected in the second quarter, adding to concerns that the recovery is waning.”

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“JACKSONVILLE, Fla. – July 29, 2010 – The June Mortgage Monitor report released today by Lender Processing Services, Inc. (NYSE: LPS) shows that overall foreclosure starts and foreclosure inventories have remained relatively stable; however, foreclosure starts for loans owned by the Government Sponsored Entities (GSEs) are at an all-time high.”

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“U.S. mortgage rates fell again in the past week, with the average rate on 30-year and 15-year fixed-rate mortgages furthering record lows, according to Freddie Mac’s weekly survey of mortgage rates.”

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