Category Archive: Uncategorized

September 24, 2009

Home Sales Fall in August

The NAR reported that home sales fell in August. Interest rates were lower and prices continued to fall nationwide. However, this should indicate the sales should increase. What needs to be asked is why? Many properties sold are recieving multiple offers, of course only one can be accepted and those who do not get the […]

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September 22, 2009

Predictions for the End of the Year.

Most people are very good at predicting the past but the prediction of the future is a bit more difficult. That said, I will make a try toward giving a prediction for the remainder of the year. Available homes. The market today is driven by the number of REO (bank owned) properties, both those that […]

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June 22, 2009

Real Estate Update – Summer 2009

As we move into summer, we expect some changes that may have a noticeable effect upon the real estate market in Northern California and more specifically, the East County area.   Foreclosed homes will probably be on the rise, maybe by the time that this article is published. The larger banks, those that had TARP […]

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May 29, 2009

Interest Rates Heading Up!

Week ending May 29, 2009The past week has seen a rise in mortgage rates. This is a substantial change to the past 5 months, as rates have been going down to near-historic lows. The reason for this is that one of the key index vehicles has also been going up. The 10 year Treasury note […]

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