Marin County is experiencing the strongest buyer’s market we’ve seen in years.
Currently, percent in contract is 15%. That’s up slightly from last week when it was at 14%.
We are getting the sense that it bottomed out. Besides the rise in the stats, we also had vastly increased traffic at our open houses last weekend. […]
We’re at a business conference in Monterey, and were reviewing some statistics yesterday morning. Of course, everyone wanted to talk about short sales and foreclosures.
Hot topics to be sure, but the leader cited a remarkable statistic:
97.4% of all mortgages in the US are current.
You don’t hear that on any of the news channels, […]
We just had our weekly sales meeting, and interest rates remain similar to last week. A 30 year conforming loan is 6 1/4%, a nonconforming five-year fixed is 6.5%, and a 30-year nonconforming is 7.5%.
As noted here a few days ago, the Fed rate cut has not affected interest rates. My good friend Rob […]
How do you pull that off, when a conforming loan is $417,000?
Simple - Seller Financing.
This is a great house, incredibly charming, great yard, and an easy walk to the Ross School.
The seller is willing to finance, for five years, at the same rate as the conforming loan. It works like this.
Sale Price: $1,199,000
20% Down: […]
Everyone expects the Fed to cut mortgage rates tomorrow.
I really, really, REALLY wish I could say that mortgage rates will come down immediately, but I doubt it.
Mortgages are usually a function of the 10-year treasury note. What has happened recently, however, is that the spread - the difference between the 10 year note and […]
