Carmen Miranda's (carmenmiranda) Blog

The Fed plans to stop buying mortgage-backed securities the end of March. The general consensus among mortgage brokers is rates will have to rise to attract new buyers of MBS if the Fed does stop buying. After reaching a low last November, the rate for 30-year fixed mortgages has already risen .2...

The Real Estate Report L O C A L M A R K E T T R E N D S FOR SAN MATEO COUNTY  THIS ISSUE: Investors are back in the market, and they're paying all-cash, mostly for property under $500,000. The effect of this is to freeze out first-time home-buyers who have to get a loan. Banks are still scary ab...

  Carmen Miranda,Diamond Certified Realtor | Alain Pinel Realtors | request more info | 650 598 2800 500 Baltic Circle, Unit 538, Redwood Shores, CA   Send to Friend Just Listed~Contemporary, Top Floor, End Unit 1 Bd, plus den with 1.5 bath and 1 car garage!   Share Listing 1BR/1.5BA Condo   off...

  Carmen Miranda,Diamond Certified Realtor | Alain Pinel Realtors | request more info | 650 598 2800 1101 Vancouver Avenue, Burlingame, CA   Send to Friend DELIGHTFULLY CHARMING~Desirable, Burlingame Easton Addition Neighborhood!   Share Listing 3BR/2.5BA Single Family House   offered at $849,00...

The median price for homes turned upward last month, gaining 3.5% from August. It was down, yearover- year, by 7.5%. The average price gained 12.8%, month-over-month. Year-over-year, the average price was up 2.1%. This is the first time the average price has been higher than the year before since...

    500 BALTIC CI #538, Redwood Shores 94065 (Redwood Shores)$465,888 Beds: 1 bed(s) Baths: 1 1/2 bath(s)   DOM: 9   MLS: 80947140  Property Overview 500 BALTIC CI #538 Redwood Shores (Redwood Shores) 94065 Lighthouse Cove Etc. (Area 378) San Mateo County Condominium (Class 2) Unincorporated: No...

LESS THAN 2 MONTHS LEFT! First-Time means that the buyer has not had any ownership interest in a home in the past 3 years Home purchase must have been between January 1 and November 30, 2009 Tax Credit can be up to $8,000 This is a credit, with no repayment required, if the buyer stays in the hom...

I was conducting research for clients looking to invest in the City of San Mateo on a desirable neighborhood (west side of El Camino) and was informed that a 2bd/2ba home had received 7 offers.  I believe the offer accepted was well over the asking price and there was a back up offer.  I am seein...

Countdown LESS THAN 4 MONTHS LEFT! First-Time means that the buyer has not had any ownership interest in a home in the past 3 years Home purchase must have been between January 1 and November 30, 2009 Tax Credit can be up to $8,000 This is a credit, with no repayment required, if the buyer stays ...

I was conducting research for clients looking to invest in San Mateo County and was amazed to hear that a home priced in the low $400Ks had received over 70 (yes, seventy) offers.  I believe the offer accepted was well over the asking price.  From my 18 years of real estate experience, this is an...