Much has been written about how the new loan underwriting standards make it more difficult for buyers to qualify for mortgages.
I have two different buyer clients who are currently being impacted by these new standards.
Both are single professional woman who are looking to buy their first homes.
The first has a sales position where her compensation […]
Entries from July 2008
Current loan underwriting standards
June 30th, 2008 · No Comments
Tags: Real Estate Finance · Real Estate
Weekly Mortgage Update
June 30th, 2008 · No Comments
Linda Lunsman of Princeton Capital writes:
“I NEVER WORRY ABOUT ACTION, BUT ONLY ABOUT INACTION.” ~ Winston Churchill. These words proved especially true last week, as the big story was the Fed’s lack of action following their recent meeting, or decision to leave the Fed Funds Rate unchanged - but is the Fed’s decision a cause […]
Tags: Real Estate Finance · Real Estate
Fed leaves rate unchanged - what will happen with mortgage rates?
June 25th, 2008 · 1 Comment
CNN reports that the Federal Reserve Board leaves its key short-term interest rate unchanged. By a vote of 9-1, the Fed decided to leave the rate at 2%. The sole dissenting vote was from the Dallas Federal Reserve Bank President, Richard Fischer, who voted for an increase.
It is unclear what this decision means for real […]
Tags: Credit Information · Real Estate Finance · Real Estate Data
San Carlos Market Update
June 22nd, 2008 · No Comments
The days od inventory for single family homes has increased since 2004 (20 days of inventory) to 56 days of inventory currently but is lower than it was in 2007 (60 days of inventory).
The number of single family home sales has decreased from about 400 per year in years 2003 and 2004 to about 300 […]
Tags: San Carlos Real Estate · Real Estate Data
916 Timothy Lane, Menlo Park
June 10th, 2008 · No Comments
916 Timothy Lane Menlo Park priced at $988,000 is new on the market. Charming wood shingle home on large 7,085sf private parcel.
This property will be open Sunday June 22, 2008 1:30PM to 4:30PM.
Virtual tour
Tags: Menlo Park Real Estate · New listings
Mortgage Update
June 2nd, 2008 · No Comments
Linda Lunsman of Princeton Capital writes:
“INFLATION IS AS VIOLENT AS A MUGGER, AS FRIGHTENING AS AN ARMED ROBBER, AND AS DEADLY AS A HIT MAN.” ~ Ronald Reagan. And although you might not describe the effects of inflation in such strong terms yourself…rest assured that the effects of inflation have crept into your home, your […]
Tags: Real Estate Finance