So when the market TOOK OFF one of the thresholds it first encountered was the fabled $400,000 median price barrier–that was BACK in 2003. So TEN years later here we are again at another threshold? Or peak? Our median kept thundering along hitting a record $630,000 at the height of the bubble market in 2007. [...]
The Federal Housing Administration, which is the largest insurer of low-down payment mortgages, announced last week that it will raise premiums by 10 basis points, or 0.1 percent, on most of the new mortgages it insures.
(FHA makes a lot of sense for many borrowers, in some cases it’s the only option, but it’s [...]
Santa Rosa, California– RED ALERT!! On Monday, December 3, 2012 The National Association of Realtors (NAR) will launch an all member Call for Action regarding proposed changes to the Mortgage Interest Deduction.
By now you have seen numerous news reports concerning the “Fiscal Cliff.” Many of these reports speculate that a change to the long-standing [...]
Presentation on 2012 Real Estate Outlook–Leslie Appleton-Young
We discussed some of these key slides this morning on our radio show and wanted to give our listeners full acess to the presentation by CAR’s Chief Economist, Leslie Appleton-Young. Here’s the Link. Just CLICK HERE to go to the presentation. What’s REALLY startling is the [...]
Here in Sonoma County, California–Realtors every Tuesday in Santa Rosa gather to “pitch” their Haves (Properties for Sale) and Wants (Needs of their property Buyers) to their fellow Realtors/Agents with the hopes of finding a property NOT yet on the market or a special property for a BUYER who has seen EVERYTHING! As the long-time [...]
……………………………………. Federal Government & Attorneys General reach landmark settlement with major banks
Roughly $25 billion in relief for distressed borrowers, states and federal government.
From the “NationalMortgageSettlement.com” website.
After many months of negotiation, 49 state attorneys general and the federal government have reached agreement on a historic joint state-federal settlement with the country’s five largest [...]
After a bit of confusion last week, Join us THIS Sunday 2/05 as we discuss the status of the Sonoma-Marin Area Rail Transit project, better known as SMART, with General Manager, Farhad Mansourian.
Last week, SMART General Manager, Farhad Mansourian, addressed a room full of Sonoma County Realtors and affiliates. His goal was to [...]
Today, on The Real Estate Hour, we’ll be talking to a homeowner who heroically navigated the loan modification process, substantially lowered her interest rate, and saved her home.
We’ll get her take on the process, and tell you more about the Making Home Affordable Help Team at www.MakingHomeAffordable.com 1-800-300-5454. Your calls are welcome; 707-636-1350 on [...]
Are the Upcoming Mortgage Limit Changes Going to Affect Property Prices.
Watch out, on October 1st, 2011, the federal government will lower the maximum mortgage loan amounts for three very popular loan programs throughout the US. Those of us in the coastal California region will be hit hard by the changes. The question [...]
Rick May of MetlifeBank joins us on Sonoma County’s longest running real estate talk show!