Yes, it’s FINALLY back – the first and longest running real estate podcast in the SF Bay Area – the Gory Details, is back again for its first monthly installment of 2010. In this episode, I interview the always entertaining, highly regarded speaker Carole Rodoni, to discuss the current state of affairs in today’s real [...]
It’s safe to say that mortgage interest rates have been at historic lows since the summer of ’09, mostly around and sometimes even under 5%. Currently, they’ve been floating around the 5 & 1/8% range. Part of the reason for these low rates has been because the Fed has been on a buying binge of [...]
Ok, so obviously there’s nothing in Les Propheties that I can think of that predicts any real estate market. But if I was Nostradamus, here’s what I’d predict: “ Your local housing market will be one of the following; up, down or the same.” Whoah, Ed….prolific yet prescient. How can you be so sure? Ok, [...]
Be forewarned — no, this is not about kidney harvesting, Nigerian Lottery winnings, or Bill Gates giving everyone lots of money for forwarding an email — there is an email making the rounds titled “HR 2454: CAP AND TRADE ENERGY BILL”, which purports that new legislation will require all homes to retroactively pass new energy [...]
One thing for sure about this difficult market for us agents — in pure Darwinian fashion, the cream has risen to the top and the strongest are surviving. It’s also unfortunately elevated many agents that in previous years were at the “bottom of the barrel”…to high levels of production that they’d never been accustomed to. [...]
Good article in the WSJ about how lenders might actually be checking your credit on closing day, hence advising would-be benefactors of the $8000 first time homebuyer tax credit to NOT buy stuff until after you close. Here’s some more of the good snippets from the article: With the deadline on the first-time home buyer [...]
Indeed…sometimes, there’s just TOO much truth in advertising. (note: this pic has made its way across many RE blogs, so props to whoever it was that found it first)
Because the FHA loan is becoming more and more popular in today’s changed market, I’m presenting a quick little article, courtesy of Brandon over at MortgageLoanPlace. So, first off, the FHA (Federal Housing Administration) does not loan a home buyer money; it insures the loan. This means that if the borrower is unable to [...]
So there’s this new law affecting the real estate and mortgage industry, called the HVCC – short for “Home Valuation Code of Conduct”, which went into effect last month, and is the byproduct of a legal settlement between NY attorney general Andrew Cuomo and Fannie Mae & Freddie Mac. Here’s how it was “supposed” to [...]
Anyone trying to buy a home in San Jose, roughly around the $200-230K price range, knows this and knows it well. The word “foreclosure” on a listing almost guarantees double-digit multiple offers. And not low-value double digit numbers like 10 or 11. Pfft! Child's play! In the last week, while pursuing homes for some of [...]
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