Blog

  • Lenders dropping criteria

    By Escala Realty on August 19, 2014
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    A major lender recently announced reductions in minimum FICO scores to attain a loan through them.  While there are many lenders who already accept these types of FICO scores, the news is significant to me because it shows that lenders are dropping their criteria to sustain their loan activity and create more buyers in the market.  The general trend is

  • LA Housing Unaffordable?

    By Escala Realty on August 15, 2014
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    As prices go up, the key question inevitably comes up: How far can they go?  Everyone has an opinion.  A new bubble on the horizon?  Should you wait till prices drop?  In our opinion while there surely is a lot of hot air in the market, it’s not quite a bubble that will pop with a precipitous drop in home

  • Buyers have more power now when Home Shopping

    By Escala Realty on August 14, 2014
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    The Los Angeles Daily News recently wrote an article about the shifting tides of power from Seller to Buyer in this Real Estate market.  The essence of the situation lies in prices increases which, in our opinion, were based more on momentum, lack of supply and low interest rates.  Prices have without a doubt plateaued and homes with any kind

  • Credit Do’s and Don’ts

    By Escala Realty on June 23, 2014
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    It’s important to know where you stand in terms of your credit score as it is an important factor in determining your loan eligibility.  For a free credit report, you can visit www.annualcreditreport.com.  The free versions of the report will not give you your credit scores.  For that, you should come to our office for a consultation on your eligibility