Today I was surfing the web and came across an article about homes which have been abandoned by both homeowner and bank: http://realestate.msn.com/buying/Article_busweek.aspx?cp-documentid=6015750>1=10833The article poses an interesting question.Sometimes in foreclosure a homeowner will simply
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01/28/2008
Wow, some weather we're having!You know, this is a good time to talk about rain and buying a home. Many of the finest homes in Southern California are built into, on top of, or just below hillsides. When we get large amounts of water being absorbed into ground that isn't accustomed to it, somet
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01/28/2008
The Fed just did something they haven't done since 2001 - changed the Federal funds rate between meetings! Not only that, but they dropped it from 4.25% to 3.5%.Just to put into perspective how serious this is, I should point out that the next meeting of the Fed is a mere week away. But their c
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01/22/2008
Ahh...The verdant hillsides, 70 degree temperatures, buyers calling me up and wanting to see homes... it must be spring!However, even I am surprised with the suddenness of the uptick in activity. In the last 5 days I have been contacted by 3 of my buyers, showed several homes to one, nearly wrot
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01/15/2008
It's very rare for the Fed to use such strong language like this prior to a meeting. Based on what Bernanke has to say, I'm going to anticipate a 1/2% rate cut at the next meeting in just less than 3 weeks. Here's the article:http://www.msnbc.msn.com/id/22592939/In it, he says, "We stand ready
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01/10/2008
Okay folks, the holidays are now officially behind us. As the world "gets back to work", another thing people get back to is their search for a home. This activity tends to increase as we approach the spring months. First, we expect to see some home sellers re-entering the market in hopes of a
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01/02/2008