An answer to one of my buyer’s questions, on what the market’s doing. I think it’s more relevant than ever right now, with the impending higher conforming loan limit increase. There’s certainly plenty of inventory in various price ranges to pick from right now all over San Mateo and Santa Clara Counties. In my opinion [...]
Back as a guest speaker on the Gory Details Podcast, is the illustrious Dave Fabian of Diversified Capital. In today’s podcast, Dave talks about some critical topics that buyers (and sellers) should be concerned about — what the impact of the proposed new conforming loan limit (from $417,000 to almost $730,000) could have on our [...]
I’m privileged to have a guest writer making an appearance here at the Gory Details – Mike Colyer, from Countrywide. Rather than try and extol the virtues of what kind of loans are currently available, let me rely on an expert here to be the “myth-buster” You see, in a perfect world (or is it [...]
The California economy is being strangled by limited access to mortgage credit, according to California Gov. Arnold Schwarzenegger, who wants Congress to raise the Fannie Mae and Freddie Mac lending limit from $417,000 to $625,000 as part of an economic stimulus package. "Raising these limits would do more than anything else to pump badly needed [...]
Though I’m no speedster when it comes to running, I’m a sucker for human endurance, and the affiliate pain and suffering that comes with it. I had the pleasure of running the Pacifica Trail Run at San Pedro Valley Park this past weekend. While the race boasted a 9K, 21K, 30K, and 50K courses, I [...]
So I get the occasional question from buyers, "I think I want to buy a foreclosure because they’re probably a good deal — how can I do this easily and pain-free?" I guess there’s no real easy answer to this one, because it will obviously depend on the property being foreclosed, as well as your [...]
Here’s a stat that made my jaw drop. Just got this from our monthly San Mateo County Association of Realtors board meeting that we have every week. There are 3,701 licensed realtors in San Mateo County. In 2007: 58% of them sold 0-1 homes 27% sold 2-5 homes 8% sold 6-10 homes 7% sold 11+ [...]
Just did my usual check of inventory in Redwood City, my hometown of 16 years. Back in September there was roughly 215 single family detached homes for sale in this city dubbed "climate best by government test". As the holidays approached, some homes would sell, some would expire, and others were wisely taken off the [...]
Realtor, Marathon Man, "Man of a Thousand Voices".
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