Jeff's Blog

 September 2009 Market Update for Placer County  Hi Neighbors,  Another discussion of the current market in Placer County.  There are currently 2060 homes on the market in Placer County as listed on MLS (Single Family Detached Homes). This number has stayed pretty constant throughout the summer. ...

Hi Neighbors, Here's a report from the Pittsburgh Post-Gazette.  "Long-term mortgage rates remain near record lows, despite rising slightly this week. Freddie Mac reported that average interest on a 30-year fixed loan was 5.14 percent, up from 5.12 percent a week ago. Rates for 15-year home loans...

Hi Neighbors, Just a reminder that you should always check with a tax consultant when doing a short sale to validate the tax implications of your transaction.  A recent article in the SF Chronicle (read article here).  The article states "Californians who lose their homes in a foreclosure, short-...

 The California Association of Realtors published a great article originally from the LA Times that I would like to share with my neighbors. What to do if your mortgage is sold to another lender Approximately half of all mortgage loans are sold from one lender to another, often because the origin...

 The San Gabriel Valley Times is reporting: Home sales increased 12 percent in July in California compared with the same period a year ago, while the median price of an existing home declined 19.6 percent, according to the latest sales and price report released by the CALIFORNIA ASSOCIATION OF RE...

Hello Neighbors, More evidence that sanity is returning to Real Estate! Freddie Mac has thrown its weight behind helping us in the industry. Thank you NAR (National Association of Realtors) for posting this update. Short Sale transactions are the hardest escrow to conclude. Even when we have a Wi...

Hello Neighbors, The recovery is upon us! (Note to self though - the rumored zillions of foreclosures still to hit the market could drive things down again... but when will those homes hit the market? I've been told "next month" for 11 months now...) Thank you NAR (National Association of Realtor...

Hi Neighbors, Many economists and other experts are now saying pretty consistently that the housing market is stabilizing with additional relatively small decreases of housing prices depending on the location and the price range.  In some areas and price ranges there are already moderate price in...

  The Los Angeles Times has a great article about the first time home buyer credit.  Although extension and expansion of the current bill is being considered, it's important to note that these changes may not be passed or may not take the proposed form.  Here's the article summary: First-time hom...

Hello Neighbors,  The Wall Street Journal reported today that a bill in congress would allow discounting the mortgage rate for home buyers implementing energy improvements for Fannie Mae and Freddie Mac insured loans.  It's not indicated whether this is in addition to the FHA Energy Efficient Mor...