Bill Gross's (wjgross) Blog

Who's at the event? What do you think? I have been coming here for 15 years or so on and off, and he is really on his game. I need this every 3 months or so to help re-focus. I take notes on my Blackberry, email me if you are interested.  

A loan officer I have worked with tried to get their client a loan modification, but after months of effort, was going to give up. He called me and asked if we could help the seller avoid foreclosure as they wanted to be able to re-establish credit in a few years to buy another home. I met the ho...

You may be aware that the federal tax credit of $8,000 for each first time home buyer expired on April 30. While it was widely anticipated that it would be extended by Congress, it is at this time expired. The tax credit was a major factor increase the demand for houses and may be responsible for...

Great article explaining why the now is the market of a generation for buyers at the entry level. Buyers generally look to pay more than the same property would rent for, as it makes sense given the tax advantages of owning and the ability to lock a rate in for 30 years. The differential is near ...

A colleague of mine from San Diego wrote a great blog article on what it takes to be successful in this market. While the link is below, here are the major points: 1. Buy now, when everyone else isn’t. Many buyers are going to take off for the holidays, and many agents. Catch the competition napp...

Los Angeles Times article details how political forces are trying to extend the deadline for the $8,000 tax credit to first time home buyers that is set to EXPIRE November 30, 2009. This is a little over 90 days from now, leaving 30 days or so to shop for a 60 day escrow. Considering that many fi...

My continuing saga. Every buyer that does not buy believes the market is going to continue to decrease under the weight of all the bank-owned properties that are said to be coming to the market. Every seller that does not sell now is expecting the market to get better in the next year or two for ...

The million dollar question. I get asked every day by buyers and sellers. I get told every day by buyers and sellers, buyers that the market is going to go down further when the "hidden" foreclosures come to the market, and sellers that the market will be up next year as long as they can rent the...

As of July 3, 2009, the state of California is no longer accepting new home credit applications. They have received over $100 million in new home credit applications and more than 12,000 applications. They planned to receive 12,000 applications since many are duplicates, revised, or invalid. This...

Awesome news, home buyers that qualify can actually use the credit at the close of escrow, limiting the required down payment. Details are being worked on by lenders. You can read more here: http://www.realtor.org/press_room/news_releases/2009/05/re_summit