RECENT BLOG POSTS
According to the Associated Press, the housing market is still struggling, recording its "worst summer in more than a decade."  But the silver lining to this statistic is that because of low rates, more homeowners are choosing to refinance their home this fall.  While no one is sure how long rate...
11/11/2010
It's nice to hear some good news in this jobless recovery. Rates on 30-year mortgages matched the lowest level in decades and rates on 15-year loans dropped to their lowest point in nearly 20 years. According to the San Jose Mercury News, mortgage buyer Freddie Mac said the average rate for 30-ye...
10/05/2010
The economy is bad, that's nothing new. But, it seems to be getting better! According to the San Jose Mercury News, a survey released Thursday shows that while sales dropped in August to an 18-year low, they fell less sharply than they did in July. Prices rose year over year, although the report ...
09/23/2010
Home sales are down because of the bad economy, that's no secret. But considering the number of foreclosures in recent months, you'd think there'd be a large number of foreclosed properties available on the market. Not so. According to the San Jose Mercury News, thousands of homes in Santa Clara ...
09/17/2010
Mortgage rates are at historic lows. Really, rates haven't been this low since the very first McDonalds restaurant opened in 1955! The average rate for a 30-year fixed loan was 4.32 percent this week, down from 4.36 percent last week, mortgage buyer Freddie Mac said Thursday. That's the lowest si...
09/07/2010
Silicon Valley, like the rest of the country, has experienced a bad slowdown in the real estate market.  Home sales dipped 27.5 percent year over year last month. For the Bay Area as a whole, the number of transactions in July was at the lowest point in 15 years. The recession has put mortgage ra...
08/30/2010
Housing prices in the San Jose and San Francisco areas rose this spring as buyers took advantage of tax incentives. The overall price gains highlight the impact of the federal tax credits for homebuyers. However, this boost may be short-lived now that the incentives have expired. Tax credits were...
08/23/2010
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