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Right now home buyers are in an unprecedented situation where fear has gripped much of the nation and has even taken a bit of a foothold here in the valley as well. This is causing both buyers and seller alike to step back and take a careful look at their situation and pause a bit. This pause has resulted in fewer buyers in the market as well as fewer sellers willing to sell their home in such a climate. Mostly what we have left in the marketplace is sellers who have to sell and savvy, well-qualified buyers who are not (0 comments)
palo alto realtor: Why I believe right now is a great time to sell your home - 12/11/08 06:07 PM
Right now is a great time to sell your current home if you are also ready and willing to move up to that bigger and better home you have been wanting. The reason I say this is that the market is very slow right now and properties stay on the market longer and receive fewer offers. Surely you are asking yourself "How can this be good for me if I am selling my home?" Let me explain. Right now prices are flat or declining. This will surely result in a sales price much lower than you could have gotten a few (0 comments)
palo alto realtor: Why I believe mortgage rates will fall during the coming year - 12/11/08 06:05 PM
For one, the Fed Funds rate continues to decline and this is normally a precursor for a drop in the rates for treasury securities on which mortgage rates are loosely based. The spreads between the Fed Funds rate, treasury securities and mortgage rates typically fluctuate around their means but right now they are grossly out of sync with their statistical averages. In time, these spreads will narrow and move toward their means. What does this mean for home buyers? Well, the narrowing of these spreads can take shape in a variety of ways. All of which point to lower mortgage rates. (0 comments)
palo alto realtor: Options for buying now and selling later - 12/11/08 06:01 PM
You don't have to be made of money to own two homes for a short period of time. Ideally a buyer would be in a position to take advantage of this current market weakness by buying their new home without having to first sell their current home. There are a few reasons why this is beneficial. First, I believe we are somewhere close to a local real estate market bottom and by June of next year we should see things perk up. Why do I think this? Because I believe mortgage rates will come down and mortgage loans will be easier (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the
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. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors
to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for
the content in these profiles, that are written by the members of this community.