Archives: December, 2006

Bob Ravasio — December 15, 2006, 5:45 pm

Marin Home Sales Still Off. Are Buyers Playing Poker?

The Marin IJ just published their monthly real estate article, and not surprisingly, the stats show sales down, but prices stable.
The source is different than mine. I use MLS statistics, the IJ refers to DataQuick, but the stories are similar, I believe. In my summary two weeks ago, I said the market was firming […]

Bob Ravasio — December 14, 2006, 4:51 pm

California Tenants Get A Break

Effective January 1, 2007, owners of residential income property in Marin County will have a new law to contend with. On that date, a new state law goes into effect that requires landlords to give tenants on periodic leases (e.g. month-to-month) who have been tenants for at least a year 60 days notice to […]

Bob Ravasio — December 12, 2006, 11:37 pm

Interest Rates Are Low. No, Really, They Are.

We had one of our key lenders ask a great question in the sales meeting the other day.
“Going back to 1971, when was the FIRST time the 30 year fixed rate hit 6.25%?”
Guesses were flying everywhere. No one was even close. The answer?
Summer 2002.
That’s right. In the 70’s, 80’s and 90’s, the 30 year […]

Bob Ravasio — December 11, 2006, 9:33 am

Hot or Not?

I don’t know if you’ve seen the website, but that’s a question no one has really been asking in Marin County real estate in the last year. The questions have usually been more like, “Is the bottom falling out?” “How long is it going to stay slow?”, and the always popular, “Is the market […]

Bob Ravasio — December 7, 2006, 8:11 pm

The Best Investment You Can Make When Buying A Home

We always recommend that when buying a home our clients perform, at a minimum, a pest inspection and a contractor’s inspection. These two inspections then help determine if further work is necessary, such as a structural engineer’s report, or even in one case - a spiritualist.
One case we had recently really brought this to […]