From the UT: Jonny Blue, a 33-year-old physical therapist and avid surfer from Encinitas, was seriously bummed Friday night. He saw reports across the country of people hoarding toilet paper in the wake of the coronavirus outbreak, and one of his good friends had a...
Month: March 2020
Coronavirus and Home Buyers
From the National Association of Realtors: The coronavirus is having a mixed impact on the housing market. It’s decreasing buyer traffic somewhat—although in still relatively low numbers—but it’s also not deterring some home buyers and sellers from taking advantage of...
Muirlands Vista
A real-estate video company sent me this YouTube as an example of their work. They filmed during a wedding and they had night shots too which is deluxe: Maxine had it listed last year for $8,980,000 but it didn't sell. It's now for rent at $50,000/mo. [button...
Mortgage Rates Spike….Again
Rates changing from 2.875% to 4.0% in less than a week - wow! There is some hope that the Fed will throw more money at the MBS market next week. From MND: With all that in mind, some smart people are convinced the Fed will announce such a balance sheet juicing at or...
COVID-19 Expert Panel
This is a real estate blog but we need facts to make decisions with - thanks Aunt Nancy: University of California, San Francisco BioHub Panel on COVID-19 March 10, 2020 Panelists Joe DeRisi: UCSF’s top infectious disease researcher. Co-president of ChanZuckerberg...
Dakota
Coronavirus and Real Estate, Part 2
The panic ensues over the coronavirus, but people want and need to move too - especially as mortgage rates climb higher. What can we do to keep the real estate market hopping? Here's what can we do for home sellers. Those who are concerned about strangers coming into...
Don’t Worry About Payments
Statement from FHFA Director Mark Calabria on Coronavirus FOR IMMEDIATE RELEASE 3/10/2020 ?Washington, D.C. – “To meet the needs of borrowers who may be impacted by the coronavirus, last week Fannie Mae and Freddie Mac (“the Enterprises”) reminded mortgage servicers...
Coronavirus and the Real Estate Market
Everyone is wondering how the coronavirus will affect housing, so Bloomberg News decided to whip up the hysteria with this article built on speculation and guesses. Mark Zandi has had one of the most negative opinions about housing, hoping that some day he might be...
Higher Rates
Did you lock? If not, you only lost an 1/8% (or so) today. Tomorrow! Mortgage rates have exploded higher over the past day and a half as the bond market sends threatening signals about a big picture bounce off the recent lows. This is made all the more jarring by...