This week we had moderate activity and we expect sales to slow down somewhat from their summertime highs. The reason for this is summer is ending and school is starting, so more families will settle into a status quo. Prices are still low, however, and interest rates are still low, also. FHA loans, with their new higher loan amounts and liberal underwriting guidelines, are the favored choice of the majority of buyers who have less than a 10% down payment. TIP: If you are considering getting an FHA loan to purchase your home, plan for a lengthy escrow. This is also the case if you are buying a bank owned property. So when you prepare an offer to purchase these properties, it's best to write it up with a 45-60 day escrow if possible. Call me if I can answer any questions about this at 714-642-5881.