Love DataQuick. Really. December’s numbers tell us that half of all Bay Area resales were foreclosed homes. Anyone surprised? Especially all of you out in East Contra Costa County? Also, prices are down to 2000 levels. The median price paid for a Bay Area home was $330,000 in December. That was down 5.7 percent from [...]
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Low Mortgage Rates in Bay Area Not Easy to Get Bay Area mortgages have gotten all dressed up but they have nowhere to go because many prospective borrowers can’t qualify. Average rates for home loans have plunged below 5 percent for the first time on record, Freddie Mac reported Thursday. But squeamish lenders, the credit squeeze, [...]
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I ate lunch with a coworker who informed me that the powers that be at my last job have decided to ax my baby, Property Lines. I kind of feel sad about that, but I’m happy I still have this up as part of my online portfolio. Sorry, I will write more starting Monday, the [...]
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Filed under: The Market, Uncategorized | Tagged: Biden, election, Obama, POTUS, president | Leave a Comment »
J.P Morgan Chase Says They Are Trying To “Save Mortgages” J.P. Morgan Chase & Co. says it will modify $70 billion in loans. Hopefully, that means all those people with Long Beach Mortgage (aka WaMu, once upon a time.) By the way, why is it always saving mortgages, rather than families? Duh! More Agents Selling [...]
Filed under: Uncategorized | Tagged: Ackman, Flip This House, foreclosures, JP Morgan Chase, modify, mortgage, Target | Leave a Comment »
