The Next Housing Crisis?

More and more of my clients are asking me “Are we at the top of the market?”  It’s a good question.  An even better question is why they think I would know any better than any schmo on the street, but we’ll set that aside for the moment. Last year I wrote an article titled...

Mortgage Applications Plummet!

This is going to make some folks nervous. The few who are left in the mortgage industry may want to polish up their resumes and maybe take some classes. Real estate is still smoking hot, especially in the Bay Area. So you would think that those of us in the real estate industry are doing...

Home Improvement Activity Spiking

I just finished teaching a class at The College of San Mateo about financing home improvements. The experience of teaching the class confirmed what I’ve observed anecdotally – many families are considering the benefits of home improvement over “buying up” these days. Now the Joint Center for Housing Studies at Harvard University has come out...

Who Buys Homes? Homeownership by Profession

Here’s an interesting article. In today’s Marketwatch column Amy Hoak explores which professions are more likely to own homes. So, who buys homes? At first glance the list is a little surprising. While you would think that income level would be the primary driver of homeownership rates, that isn’t the case. In fact, a factor...

Guess Which State Has the Most Foreclosures!

Surprisingly, it isn’t California. From Marketwatch today: The recovery in the U.S. housing market is slowly reaching more parts of the country, but some states are experiencing a healthier recovery than others. There were 47,000 completed foreclosures nationally in May, down from 52,000 a year ago, which is a drop of 9.4%. But if you...

Vampire Foreclosures Sucking Life Out of Castle Market

OK, maybe they are just sucking the life out of the housing market.  But that sounds so much less exotic, and doesn’t fit in so neatly with our Halloween week theme. I thought you might enjoy this article from The Capitol Report via Marketwatch.com.  We can see the light at the end of the tunnel...

Will Government Shutdown Prevent Loans from Closing?

I’ve been hearing a lot about how underwriting guidelines are loosening up in response to the government shutdown. Not exactly… Nowadays lenders double-check and document every possible area where fraud occurred in the past.  Two of these areas – verifying social security numbers through the Social Security Administration and your income via IRS tax transcripts...

Buying Up is Hard to Do

I’m sure you’ve heard that the real estate market is coming back on strong right now, especially where we are in Silicon Valley.  If you bought your home before 2007 you might have thought you’d be in it for just a few years and you had planned to move up, but you didn’t because of...

Help Your Home Office Shine When Selling Your Property

A well-showcased home office can help your home sell faster, and for a higher price. Here are some tips to help your home office shine.