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Tag Archives: Bay Area Real Estate
The Trump Presidency What Will It Mean for the Housing Market?
A lot has changed since we last wrote. The election is over and Trump is the president elect. No matter your political leanings or beliefs, Trump has laid out some very different ideas and promises that are in contrast to … Continue reading
Bay Area adds more than 15,000 jobs as employment surges
George Avalos of the Oakland Tribune reported that the Bay Area economy created 15,400 jobs in February, raising total employment in the region to the highest level in three years, the state’s Employment Development Department reported Friday. For the 7th … Continue reading
Bay Area Home Sales at 5 year high in February
If you are currently looking to buy a home in the Bay Area, you may already know that things seemed to have shifted in the real estate market. Many buyers are looking at multiple offer situations and many homes are … Continue reading
San Francisco Apartment Vacancies—Lows Not Seen Since the .Com Bubble
The San Francisco Business Times reports what many locals already know-rentals are hard to find in San Francisco. The vacancy rate according to the report from Cassidy Turley indicates that the vacancy rate is just a paltry 3.2%. It … Continue reading
Bay Area Homes Sales Up, but Median Price Down From a Year ago
According to DataQuick the San Francisco Bay Area real estate market saw an increase in the number of homes sold, but a decrease in the average price. “As interesting as today’s market is, what’s more interesting is what’s not happening. … Continue reading
FHA to toughen rules for borrowers
<img title=”Lisa Cartolano2″ src=”http://crockerhighlands-oakland.ca.housingstorm.com/files/2009/10/Lisa-Cartolano2.jpg” alt=”Lisa Cartolano2″ width=”140″ height=”140″ />The Federal Housing Administration (FHA) is proposing raising minimum credit scores for borrowers who receive FHA-backed mortgages, increasing down payment requirements, and limiting the amount of money sellers can provide toward closing … Continue reading
One in four borrowers is underwater
A recent article in the Wall Street Journal reports that despite recent indicators that the housing market is improving, a new report shows that one in four mortgage borrowers are underwater, meaning they owe more on their mortgage than their … Continue reading
Mortgage Rates Remain Below 5%
The Sacromento Bee Reports rates on 30-year mortgages stayed below 5 percent this week but remained above the record set earlier this year, Freddie Mac said Thursday. The average rate for a 30-year fixed mortgage fell to 4.83 percent, down … Continue reading
A Mixed Market For CA Real Estate in 2010
CAR President Jame Liptak recently reported that California’s housing market continued its strong sales rebound this year, resulting from the continued pace of distressed properties coming to market. This follows two years of double-digit sales declines in 2006 and 2007. … Continue reading
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