April Home Sales Up
Interesting article about the uptick in the nation wide market.Locally, things are changing. The sales per day is increasing and the inventories are being reduced. Mortgage rates have been ticking up since the first of the year with inflation worries. All in all, property values are down – we’ve been buying $350K houses in San [...]
Treasury Chief Says Worst May Be Over – AOL Money & Finance
<cite>Treasury Chief Says Worst May Be Over – AOL Money & Finance</cite>: “ Treasury Chief Says Worst May Be OverBy JEANNINE AVERSA and MARTIN CRUTSINGER,APPosted: 2008-05-07 15:47:35Filed Under: Recession WatchWASHINGTON (May 7) – The worst of the credit crisis may have passed, Treasury Secretary Henry Paulson said Wednesday, while acknowledging that rising gas prices will [...]
Square Feet: California builders squinting at a market bottom, trade group says
<cite>Square Feet: California builders squinting at a market bottom, trade group says</cite>: “ California builders squinting at a market bottom, trade group saysSue McAllister01:49 PM on Thu, May 15, 2008topic: Economy Home buying Homebuildingrecent related posts: � Housing construction permits dwindled in March � California building industry has ‘cautious optimism’ for 2008; Bay Area prices [...]
PMI is getting harder and harder to find
Got this notice this morning: May Mortgage Insurance Changes Due to rapid changes with the availability of Mortgage Insurance coverage, we have added a summary starting on page 5 of Private Mortgage Insurance (Doc 6102). This document has been updated to reflect the changes outlined below. It’s getting harder and harder to get PMI and [...]
Location Location Location
I was in a meeting this week when a friend came up and, in that hushed conspiratorial tone asked “How’s Real Estate?” “Gosh, I am busy!” I replied She didn’t know what to do. She literally just stared at me for about 3-4 seconds. While it’s true the money markets are off and it’s a [...]
Yes on 98, No on 99
Today is my birthday – thank you – and I got a call from an old client first thing this morning. I am thinking, “what a great person to call me on my birthday”. I pick up the phone and hear, “I have a voting question”. Hmm, guess it’s not all about me. There are [...]
Master of None?
I’ve been doing this crazy real estate thing for 20 years now [am I that old? ]and I remember being told to find my “niche”. The general argument was that you pick one thing and you do it well. Today I am questioning that philosophy. My business started off being a loan officer for my [...]
Hug Your Realtor Today
I woke up this morning to a voice mail from a Realtor friend that is getting out of the business and moving away. It’s almost like, there is so much invested in looking good that when things aren’t good they have to move away to save their delicate self worth. It’s tough out there. Most [...]
New Tenants
I have a vacancy right now so I was showing a rental to perspective renters this week. As we wandered through the house, we chatted about the house and what was going on in their lives. Turns out, they had purchased a house a couple years ago. They loved the house, put all their money [...]