sacramento real estate: Preventing Fallout: 5 Questions Every Agent Should Ask (Part IV) - 07/21/07 09:14 AM
Okay, after covering down payment, income, and credit in Parts I, II, and III, let’s move on to the fourth important question.
Question #4: Are You Pre-Qualified or Pre-Approved? When I speak with Realtors, there is inevitably some question about the difference. And lenders will frequently take advantage … (4 comments)
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sacramento real estate: Family Opportunity Mortgage program - 07/20/07 04:53 PM
Through the years, I have helped many parents purchase homes or condo’s for college bound children. Because of the high demand for housing around college campuses, this has often proven to be a great investment.
Last year, my son lived in an 8 bedroom house near San Diego … (2 comments)
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sacramento real estate: Preventing Fallout: 5 Questions Every Agent Should Ask (Part III) - 07/17/07 11:09 PM
This is the third in a series of posts designed to help prevent fallout when dealing with buyers that bring their own lenders to the deal. Part I discussed down payment, and Part II income documentation.
No one wants to start a new client relationship off with an argument … (3 comments)
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sacramento real estate: PMI Report: Sacramento Real Estate Prices to Fall for Next Two Years - 07/10/07 11:28 PM
The PMI Mortgage Insurance Company has published its Summer 2007 Economic Real Estate Trends. For Sacramento area home owners, the news is not good.
While PMI’s previous model was tuned for the rapid appreciation of the first half of the decade, the revised model gives more weight to current price … (0 comments)
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sacramento real estate: Raiding the Nursery: How Quickly Will Sacramento Real Estate Recover? - 05/21/07 07:27 PM
What will it take to shock the Sacramento real estate market back to life?
Behind the mask of false bravado and feeble optimism worn by industry insiders who think wishing can make things true, there is an undercurrent of worry. Let’s face it. The patient is ill. What will … (0 comments)
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sacramento real estate: Employment, the Housing Bubble, and the Hidden Work Force - 05/09/07 07:32 AM
I’ll apologize in advance for the length of this article. But it will enlighten you if you have the patience to finish.
Despite the bursting housing bubble and a fall in housing starts of over 30%, unemployment remains very low. How can that be? Home builders downsize crews, shrink … (8 comments)
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sacramento real estate: Sacramento Mortgage Rate Update - 04/30/07 10:39 PM
The conforming 30 year fixed rate mortgage dipped slightly last week and came to rest around 6.16 at one half point. However, tomorrow morning’s rates should be a bit better.
What’s Going On? Recent economic reports show weakness in retail sales, consumer spending, and GDP, all perhaps a reflection of the … (0 comments)
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sacramento real estate: After the Housing Bubble–Toll Bros. CEO is Optimist About Home Prices - 04/27/07 01:20 AM
How’s this for divergent thinking? Granted, home builders are looking past the housing bubble as they try to anticipate future demand and position themselves in growth markets. But, if Toll is right, those who buy now will be richly rewarded.
Daily Real Estate News / April 25, 2007
Toll … (4 comments)
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sacramento real estate: The Dark Cloud Over Sacramento Real Estate Has a Silver Lining - 04/21/07 10:56 AM
For those who missed it, the Sacramento Bee posted this article Tuesday. The 80 or so comments that follow the article make for a lively and sometimes ugly discussion. Not particularly cheery, but there is a silver lining.
Foreclosures in full boom In ominous sign of more to come, … (0 comments)
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sacramento real estate: Is California Saturated With Real Estate Agents? - 04/19/07 07:44 PM
One of my agents emailed this to me today. It’s part of a newsletter from National Realty News….
An Open Apology From The Publisher of The National Realty News
Wednesday, March 14, 2007
Last November several of our staff attended the National Association of Realtors annual convention in … (5 comments)
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sacramento real estate: Are You Working With a Part-Time Lender? - 02/26/07 06:36 PM
“I can’t talk right now, I’m at my day job,” …came the whisper from the other end of the phone.
Escrows are falling apart at an alarming rate these days. Most of the fallout—according to my agents—is caused by incompetent lenders.
On a recent visit to Keller Williams, Chris … (0 comments)
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sacramento real estate: 6 Reasons Your Next Loan May Take Longer Than It Should - 02/21/07 02:34 AM
The way the real estate market has slowed, you would think lenders would be just waiting to pounce on and approve next loan that comes through. You’d think our “turn times” would be faster for underwriting, drawing loan docs, funding and recording. You’d think loans should virtually fly through the … (17 comments)
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sacramento real estate: Appraisers Pressured to Falsify Findings - 02/15/07 02:09 AM
It’s an ugly fact of life in a declining real estate market. Real estate appraisers are under pressure from all sides. Here’s a recent article I saved.
Daily Real Estate News | February 2, 2007
Appraisers Get Pressured to Falsify Findings The pressure is on property appraisers to come … (0 comments)
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sacramento real estate: Purchasing Sacramento Short Sales–A Waste of Time? - 01/27/07 05:39 PM
I am frequently asked these days about buying “short-sales”. Seems like a good buying opportunity. After what happened this week, I’m not sure anymore.
Nearly everyone knows what a short-sale is by now. But just in case, a short-sale is a home listed for sale that, when sold, will … (1 comments)
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sacramento real estate: Creating Affordable Payments (Part IV): Pay Option ARMs - 01/16/07 01:29 AM
Okay, in our effort to create affordable payments, we laid a foundation with the 15 and 30 year fixed rate loans in Part I. We stretched the repayment term out to 40 and 50 year loans in Part II, and then looked at shorter term intermediate arms—the 3/1, 5/1 … (0 comments)
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sacramento real estate: New-Home Cancellations Distort Housing Market - 01/09/07 02:47 PM
This just out from Mark Zandi of Moody’s Economy.com. I said the same thing in my post of November 30th October New Home Sales. Inventory levels are distorted by the HUD and the Census Bureau’s methodology, overstating the decline in housing inventory. The real estate hangover ain’t over yet folks
… (2 comments)
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sacramento real estate: Sacramento Home Sales Pick Up in December - 01/05/07 02:48 PM
It’s just a gut feeling. You may not see it yet in the numbers, but industry partners agree. Real estate activity in the Sacramento region is picking up, and at the most curious time.
Normally, sales are slow through the holidays. We expect that. And the weather often discourages serious home buying … (0 comments)
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