Yesterday, President Cuomo mentioned serological testing, which could end this crisis sooner than we think. Donna and I both had a wicked run with a virus in January with symptoms that sound similar to the Covid-19, and even if it was only a cousin, maybe the...
The total number of pendings should drop off quickly as agents scramble to close their existing escrows and hunker down. Last week we had 55 new pendings, and this week it was 31 - which doesn't sound too bad. But we'll be lucky to see half that many by next Monday....
Other countries have bounced back in six weeks. Could it happen to us? BEIJING — The grocery stores were brimming with shoppers and produce. Around the corner, a line was forming outside a stall selling pillowy white steamed buns. The gray, brick-lined alleys of this...
As expected, the COVID-19 news continues to worsen. But escrows in process should have a good chance of closing, as long as buyers are satisfied, and the sales count should be fine for a week or two. Then what? Mike DelPrete offered the following data: The following...
A viewer's comment on YouTube led me to this terrific inside view of the 2008 financial crisis, and the resulting impact on the world. It rightly blames the entire fiasco on the Tan Man, who pitched his mortgages to Wall Street based on the yields generated if...
This looks like just another Friday's worth of activity! We have 29 new pendings since Monday, so we'll be a bit short of the typical 40-60 this week. The C.A.R. issued a directive today, and this should shut down regular operations:...
Happy Lockdown, with no end in sight! California Gov. Gavin Newsom's order marks the first statewide mandatory restrictions in the United States to help combat the outbreak. It went into effect at midnight Thursday, meaning Californians should not leave home except...
Federal: Congress is working through several fiscal policy proposals. It is very likely that whatever relief is passed will include tax incentives that will need to be carefully planned for. The Treasury and IRS announced on March 17 that the tax deadline will be...
They won't foreclose on you, but your credit score will be affected. From the AP: Certain borrowers nervous about missed house payments got some relief as two major government backers of mortgages have said they’re stopping foreclosure work for the next 60 days. The...
Ryan describes how to look at the comps today in less than 30 seconds (look at listings and pendings): Listen to the whole six minutes to get an appraiser's overview of Sacramento's market today.
