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 [...]

FHA-Backed 203(k) Rehab Loans Can Make All The Difference.

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 [...]

Market Statistics in Albany, CA : November and December 2007 vs. 2009

Here are the Albany market statistics comparing November and December 2007 vs. 2009

Oh wow, check out the average DOM (days on market) for Dec 09- 227 days!  If you would like more information for Albany, CA, or other areas, then shoot me an email.
 

Grubb & Ellis Pick Top 10 Real Estate Markets for 2010, Oakland / East Bay Ranks #5

Grubb & Ellis have picked their top 10 Real Estate Markets for 2010.  Oakland and the East Bay rank #5, San Francisco chimes in at #10.
U.S. MULTI HOUSING MARKET STRENGTH FORECAST
Top 10 Markets 2010-2014United States Overall Score* Rank
1.     Los Angeles 64.8
2.     Washington, D.C. 60.5
3.     Orange County, Calif. 60.1
4.     San Diego 58.3
5.     Oakland/East Bay, Calif. 58.1
6.     Long [...]

Qualifying Factors For FHA and Fannie Mae Loans Are Changing Dec. 12th

I am getting many updates from my favorite mortgage brokers about the changes to the qualifying factors that are about to come on Dec. 12th to the Fannie Mae and FHA world.  I am also receiving updates from mortgage brokers I don’t have contact with, and some of the updates are inaccurate.  To spell out the [...]