Here's something you don't see very often. Jumbo mortgages are usually 1/2% higher than the rates for conforming loans (under $417,000). But with all the turbulence lately, jumbo mortgage rates are LOWER than a conforming rates at two of the big three banks: Bank...
The C.A.R. published more information on pocket listings, summarized here: http://www.mercurynews.com/saratoga/ci_23531360/realtors-share-info-off-mls-listings The real problem isn't getting addressed. The "pocket" realtors usually don't tell the sellers they are...
Hat tip to daytrip for sending in this article from money.cnn.com. An excerpt: San Diego real estate agent Jesse Zagorsky said one of his clients put in an offer on a home last Friday for $650,000, nearly $35,000 more than the home's listing price. Over the weekend,...
This is a sleeper. It's low maintenance for a Covenant property, it is right in the village, and it doesn't need anything but a dishwasher and BBQ. The street name scares people off, but the noise level is less than expected:
From bloomberg.com: http://www.bloomberg.com/news/2013-06-27/bank-of-america-said-to-send-property-reviews-to-india.html Bank of America Corp. opened a unit in India to review home-valuation reports as it seeks to rebuild share in U.S. mortgages at a lower cost, said...
The state association of realtors (C.A.R.) attempts to address the pocket-listing issue in its latest edition of California Real Estate magazine: http://www.onlinedigitalpubs.com/publication/?i=163273 They describe how agents think that pocket listings are OK, as long...
Most listing agents avoid buyer-agent calls and just pick a winner out of whatever offers trickls in. My method is like a slow-motion auction with buyers knowing what the other bids are, and making it easy for them to pay top dollar:
A mostly-obscure band out of Los Angeles from the late-1990s: http://en.wikipedia.org/wiki/New_Radicals
Talking heads discussing the impact of higher rates - one being more ARMs: The guest commentator said that we will lose 20% of the buyers if rates go over 5%, which sounded like a guess. We don't have to lose any buyers if they were just willing to look at smaller...
