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...
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...
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...
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...
Will the paranoia kill us? From the California Association of Realtors: The rapid growth of COVID-19 (“Coronavirus”) cases continues to create turbulence in the global economy and in domestic financial markets. However, C.A.R. is not revising its current 2020 housing...
An update on two of the homes featured here that garnered multiple offers. As expected, they sold for well over their list price. This one got $51,000 over the top of their price range: This one had 20+ offers, and sold for a whopping $190,100 OVER LIST PRICE! The...
We noted how there aren't many of the newer one-story houses for sale. When they do hit the open market, they tend to blow out - three of the last four sales of this 2,100sf plan in Santa Fe Trails in Carlsbad have sold over list price. The previous high sale of this...
With our tight inventory and ultra-low mortgage rates, it kinda feels like Tesla stock. One minute you're in the $800s, and the next thing you know, the same house is in the $900s! What can buyers do? Buy location. Don't buy crap. Simple enough, right? But it's hard...
Mortgage Amount 30-Yr Rate Monthly Payment $540,000 9.0% $4,345 $688,000 6.5% $4,349 $810,000 5.0% $4,348 $885,000 4.25% $4,354 $1,000,000 3.25% $4,352 The same buyer who qualified for a $810,000 loan amount just 15 months ago can now borrow $1,000,000 and get the...
