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 […]
Yes, it is still a Buyer’s Market in Marin County, but the trend is clearly picking up as homebuyers start to buy again.
The most telling number is this: There are now MORE homes in contract in Marin County than there were on September 15 of this year. As of December 1, there were 279 […]
Market Update: 11/15/06
Strange, the weather is getting colder, but the real estate market in Marin is actually heating up! Someone tell the IJ, quick!
Percent in contract is rising, and inventory is falling. This time of year, we usually see things in general declining, so this is a change. First the numbers:
Total Homes on Market:Â Â Â […]
We’ve been in a couple of transactions recently that have involved seller financing. It’s definitely making a comeback, as the market slows down and the rainy season begins.
But today we heard more interest rates that were, well, shocking in this environment. One of our best loan brokers is offering 30-year fixed JUMBO loans at […]
Wow, that’s a convoluted pun. But it feels like that is what’s happening out there.
First the numbers:
Total Homes on Market:Â Â Â Â Â Â Â Â Â Â Â Â Â 1,372
Marin, Percent in Contract:Â Â Â Â Â Â Â Â Â Â 21%
Under $1MM, Percent in Contract: Â Â 24%
$1-$2 MM, Percent in Contract:Â Â Â Â Â 19%
$2-$3 MM, Percent in Contract:Â Â Â Â Â Â 18%
Remember, it’s a Buyers Market when Percent in Contract […]
