Mike Hendrickson's Real Estate Blog

 Here is a super article that caught my eye about the percentage of Californians that are paying more than 50% of the money they make for housing.  This is not just for mortgages but also rents.  The following article is from the Orange County Register.   High housing payments the new 'American n...

I was shocked at how much more new housing starts went up!  We really need the inventory, especially in the moderate priced properties.  I talk with developers all the time, and they still are saying that it is hard to get financing and go through the bureaucratic nightmare of modern day Californ...

I don't know if anyone feels the same about the lower rates that I do, but is our economy shrinking that much!  Where are the jobs!  Are you better off now or 4 years ago? This really disturbs me!  I see housing picking up, but eventually this will become numbing!  Should our clients buy now, or ...

I have not been one of those that complained about taxes here in the U.S.  I had the  luxury of traveling when I was younger!  I recall the VAT tax in Europe and how expensive everything was.  I remember riding a train between Italy and France and seeing one middle aged woman arrested at the boar...

Here is a great article about the shadow inventory and the rising of home prices.  Thank you Dr. Housing Bubble for the information and the great charts. At the core of QE3 and every other program aimed at saving the financial system is the ultimate mission of stunting the natural market process....

I have been calling around to all the seasoned bankers and investors that I know to see if any of them have seen mortgage interest rates this low and attractive in their histoy!  Not one of them have seen anything like it!  One old friend Duane, who is a hard money guy, said everyone should be "l...

Good morning to all!  Here is today's mortgage rate update brought to us by Bob Franklin at Wells Fargo Home Mortgage in Pismo Beach California.  Use my web site at www.myslohomefinder.com for all your home search needs. The Day Ahead: Consumer Spending, Consumer Sentiment Index         August wa...

Good morning to all!  Here are today's record low interest rates. The updates are brought to us by Bob Franklin at Wells Fargo Home Mortgage in Pismo Beach. Go to my web site at www.myslohomefinder.com for all housing search needs in San Luis Obispo County. The Day Ahead:New Home Sales       A ju...

I have to agree with what the polls say.  There is too much regulation on the local front, county, state and federal governments.  I was at my local supermarket yesterday and I saw a sign the said the county had "banned" plastic bags and you had to bring in your own bags effective in October.  It...

Here is the update for 9/25/2012.  Mortgage rates are at record lows 3.125% for a 30 year mortgage. The update is from Bob Franklin at Wells Fargo Home Mortgage in Pismo Beach California. The Day Ahead:  S&P Case-Shiller data, Consumer Sentiment        Home prices continued to trend higher in Jul...