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Foreclosures & Short Sales
Overdue Mortgages Number 6+million
According to DSNews.com and Lender Processing Services (LPS), by the end of January there were 6,082,000 mortgages in the U.S. going unpaid. That tally includes loans that are 30 or more days delinquent and loans in foreclosure. The national mortgage delinquency rate as of January month-end was 7.97 percent. The delinquency rate registered a decline, [...]
East Bay Real Estate Predictions for 2012
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 [...]
Real Estate’s Double Dip and the Catfish Recovery
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 Makes a Huge Move : Principal Forgiveness
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 [...]
So Much for the Move-Up Tax Credit
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 [...]
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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…
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Berkeley Hills Realty
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