From A Slow Crawl…To a Brisk Walk - 03/27/09 02:47 PM
I heard someone earlier this week say that the housing market has gone from a slow crawl to a brisk walk. I think that is the perfect metaphor to explain the recent changes in the real estate market.  The market is coming back.  It's not roaring, but it's coming back.
This week, according to Reuters.com, U.S. mortgage applications jumped as record low interest rates spurred a surge in demand for home refinancing loans.  The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, increased 32.2 percent to 1,159.4 for the week ended … (0 comments)

Monterey County Market Flash Report for February, 2009 - 03/20/09 08:43 PM
Home Sales Continue to Rise in FebruaryFirst of all, thank you to those of you who have referred your friends and family to us for their real estate needs here on the Monterey Peninsula!  We are extremely lucky to have so many great clients who refer us business all year!  You are truly the lifeblood of our business!  We now have the ability to find our clients top performing realtors all over the country, so if you or someone you know is looking to buy or sell real estate regardless of where they are or where they are going, we can help them … (2 comments)

Monterey, CA Home for sale - 557 Robinson Street - $499,500 - 03/03/09 09:04 PM
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Monterey, California Contemporary Home and Estate for Sale - Sundance Lane - $5,395,000 - 03/03/09 08:44 PM
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Monterey, CA Home for Sale - 855 Oak Street - $499,500 - 03/03/09 08:40 PM
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Monterey Beach House for Sale - 555 Robinson St. Monterey, CA 93940 - 03/03/09 08:36 PM
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Home Sales Slow Over the Holiday - 03/03/09 08:29 PM

With the Holidays just behind us now, the numbers for Monterey, California are a bit on the sluggish side, which is to be expected.  The number of sales in January reflects just how little was going on here in Monterey in the month of December.  With jumbo loans still very difficult to get, and with the over abundance of lower priced investment opportunities in the surrounding areas, it is no surprise we only had 3 closed transactions for the month.  But as you can see, there were only 5 sales last year in 2008 for the month of January.  Historically the month … (0 comments)

It may be time to get off the fence! - 03/03/09 03:25 PM
Now that we've passed the months of talk regarding the Economic Stimulus Package and the Foreclosure Prevention Plan, we can finally move on. I for one am relieved.It's time to get back into a position where we feel secure, where we feel confident and where we can once again make strong decisions regarding our future...and that includes decisions we make about real estate.Right now what I am finding is that many buyers are on the proverbial fence. They've been waiting to see what was going to happen to interest rates. They were waiting to see what the results of the Economic … (1 comments)