Mike Hendrickson's Real Estate Blog

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Real Estate Agent - Premier Agent Network

ARCHIVED BLOG POSTS

2013 

      The Day Ahead:ADP Employment Reports, GDP, FOMC               ADP Employment Reports a 200,000 rise in private payroll growth for July vs June's upwardly revised 198,000 rise. Economist expectations were looking for slight slowing, to 179,000 vs ADP's initial June reading of 188,000.Second...
07/31/2013
When will the Fed. start to taper off the lower interest rates and buying of treasuries?  We have heard September and even as far out as the new year.  We expect much higher mortgage rates when this happens.  Yes, they could go as high as 5% plus.  Judging by how much the housing market has slow...
07/30/2013
   See our web site at www.myslohomefinder.com for all your SLO County real estate needs!           Rising mortgage rates together with rising home prices are cutting into sales of existing homes, according to the National Association of Realtors (NAR) whose Pending Home Sales index for June is ...
07/30/2013
  Higher interest rates are hurting home sales more than anticipated.  June pending home sale were down .4%.  This is down from May's high, which was the highest amount of sales since 2007.  My personal belief is that this mini-boom that we are experiencing in housing is due to the historic lows...
07/29/2013
  Since 2009 the Federal Loan Modification Program has a re-default rate at 46%.  What that's telling us is that the loan modifications that were made, mostly lower interest rates, were still not enough for the borrowers to make their ends meet.  I talked to one couple that had a loan modificati...
07/27/2013
Katy Perry's L.A Mansion is for sale.  It's a cool $6.925 million.  Anyone interested? The home is 8,835 sq. ft. 7 bedrooms and 4 baths She the pictures that follow- Want to buy it?  Give us a call!  
07/26/2013
We are having a great debate here on my blog about interest rates.  My point is that sales were way up due to historic, ridiculously low interest rates for the 30 year fixed rate mortgage.  Sam, an avid reader and outstanding real estate broker, thinks that we have so much demand that the Fed. wi...
07/26/2013
How do we win so many of the bidding wars for hot property?  My clients and I are very pro-active.  When we identify a property we like we have a multiple point plan.  Almost all my clients are families trying to buy a home for their family.  But I have also used the strategy to win the bid on in...
07/25/2013
Rates are up today.  We are monitoring the inflation numbers to see if inflation is back.  In June the inflation numbers were .5% and this equals a 6% yearly rate.  We'll have to see if the numbers are up for July, and if they are we will switch or strategies to a inflation environment.  This wou...
07/25/2013
Would you like to be part of the sale of a $100 million property!  Of course!  But let's look at the commission! $100 million and a 3% commission is $3 million!  Don't need many of those in a year to make ends meet! Check out this great video from CNBC about the mega properties for sale.  And by ...
07/24/2013
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Mike Hendrickson

Fine Homes, Short sales, excellent client services
local_phone(805) 459-0074
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