ARCHIVED BLOG POSTS
2010
In the same week that the National Association of REALTORS reported home resales up 10 percent in September, the U.S. Census Bureau reported similarly strong results for the new construction market. After improving 1 percent in August, New Home Sales popped another 7 percent in September. It's n...
10/28/2010
Many sellers don’t realize just how important the first few weeks their home in on the market can be. The first impression of their home to potential buyers and Realtors representing those buyers must be a positive one!
Why is this time so essential? Realtors who are working with buyers don’t ...
10/28/2010
Property type: Four-bedroom, five bath in Tiburon Appraised value: $2,500,000 Loan amount: $420,000 Loan type: 5/1 ARM to 5/1 Interest Only Rate: 3.875% Back story: The goal of this refinance was to be able to free more liquid cash on a monthly basis for my clients. Living on a fixed income in a...
10/26/2010
Existing home sales jumped 10 percent in September, the biggest monthly jump on record and a signal that the housing market may be returning to a normal sales pattern post-$8,000 federal tax credit. Existing Home Sales counts home resales (i.e. not new construction) and 80 percent of home resales...
10/26/2010
Mortgage markets improved last week overall, but barely. After making a sizable move lower through Monday, Tuesday and Wednesday, mortgage pricing jumped Thursday and Friday. Nearly all of the early-week gains were erased. Conforming mortgage rates ended the week slightly improved. There wasn't m...
10/25/2010
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Tax expenditures are spending programs disguised as tax cuts that are directed to “help” specific groups. They cost an estimated $1.1 trillion this year and are the largest single part of the federal budget. They equal nearly as much as the $1.3 trillion deficit. They range from subsidies for ho...
10/25/2010
30-year fixed mortgage rates rose last week, marking the first time in a month that rates failed to fall week-to-week. The data sources from Freddie Mac, one of the government's major mortgage securitizers and a sister entity to Fannie Mae. Each week, Freddie Mac collects mortgage rate data from...
10/23/2010
The company behind the popular FICO scoring model has published a "What If?" series for common, specific credit missteps. If you've ever wondered how your credit score would be affected by a missed payment or a maxed-out credit card, now you can use a look-up guide to assess the probable damage....
10/21/2010
According to the Commerce Department, the number of single-family Housing Starts increased to 452,000 units in September, a 19,000 improvement over August. A "housing start" is a new home on which construction has started. Housing Starts data is surveyed and broken-down by housing type: Single-Fa...
10/21/2010
As the "pulse of the single-family housing market", the Housing Market Index is a monthly product of the National Association of Homebuilders. Its scores range from 1-100, with a reading a 50 or better suggesting "favorable conditions" for builders. Because of its methodology, the Housing Market...
10/19/2010
Rainmaker
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111,167
Michael Haigh
Production Manager/Top Producing Sr. Loan Officer