During tour today my colleagues and I were discussing what we thought the market would do in 2012. One said she felt that the Berkeley market, specifically, would see an increase in appreciation of 2% – 3% due to a lack of inventory. ”There are so many buyers looking for homes and without inventory, we [...]
DQ News reported a few days ago about the current status of the double dip, and uses a little humor while doing so. http://www.dsnews.com/articles/double-dip-altos-says-prices-have-been-steadily-rising-since-then-2011-06-02 What I find completely hilarious (and true!) is that the article deems the ebb and flow of home prices as the “Catfish Recovery.” You laugh, but think about it. As the [...]
Bank of America announced today that it will introduce “principal forgiveness” program designed to help some troubled mortgage borrowers relief from the possibility of foreclosure. The program will look to reduce loan balances of qualifying distressed homeowners with adjustable rate mortgages or subprime loans in an effort to make their payments more affordable. The homeowners [...]
There is so much mixed feelings about the market right now. In the Berkeley and surrounding areas, one street is seeing multiple offers and the next isn’t. The number of foreclosures has gone down drastically, although most buyers think there are buckets of bank-owned homes ready to come on the market. I don’t think this is the [...]
FHA rehab what? You mean there are still loans available to help fix up a house? S-WEET!Here is the scoop: The FHA-backed 203(k) rehab loan is an increasingly popular option in today’s market because so many available properties, especially foreclosures, are in need of repair. And let me tell you, I have been in plenty [...]
A minute in the life of Berkeley Real Estate Agent and Business Coach, Krista Miller. Hold on tight and check back often! The real estate market in the East Bay is movin’ and shakin’ and will surely keep you on your toes…