So for single family homes, here's what happened in Q3 ' 08 (July, Aug, Sep) in a handful of Peninsula cities: Current Inventory Closed Sales Avg. CDOM Median Price % LP Rec'd. Belmont 57 51 42 900,000 98.6% Menlo Park 116 77 53 1,340,000 98.9% Palo Alto 92 99 32 1,700,000 101.1% Redwood City [...]
Props again to Adam O. No, this ain't no shill, just some good info to have. So, Ben Bernanke and the Fed brought financial aid to the streets last week, lowering the Federal Funds Rate and Discount Rate by 0.50%. In an unprecedented emergency move, central banks across the globe joined in lowering interest rates. Huzzah! [...]
Oh, ok, so it wasn't PERSONALLY to me — more of an automated email sent to constituents expressing concern over the government's bailout package..it's a pretty interesting read, actually. Whether you like her or not, the facts she lays out on the gravity of all the financial failures is pretty astounding…read on: Dear Mr. Gory: [...]
An article today on MSBNC.com purports that nearly 1 in 6 US homeowners owes more on their mortgage than their home is worth. I imagine, like all real estate statements, it should be predicated with “Depending on where you live…”. In other words, your mileage may vary. I imagine that the ratio in Stockton is [...]
This month: Special Financial Meltdown Episode and 2-Year Anniversary Episode On this, the two year anniversary of the Gory Details Podcast….the longest running real estate podcast here in San Mateo County, we are covering the oh-so-relevant topic of today's economic situation and how it's affecting the mortgage and real estate market And joining us today [...]
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