Multiple Offers: How Home Sellers are Responding to Offers
Here’s a short video giving you a snapshot of the market in 2013. How does this data help you? Leave your questions or comments below! Source: California Association of REALTORS
Sonoma County Home Values for February 2014
Sonoma County Median Home Prices for February 2014 (Single Family Homes)
How Lenders Calculate Your Rental Income
There’s no doubt about it. Cash flow is a good thing.
This article will explain how a mortgage lender or bank may view your rental income when you are applying for a new mortgage loan.
To keep things simple, I am using an example of a rental property with a monthly gross rental income of $1,000.
(Rental income before any expenses.)
Sonoma County Home Values for January 2014
Median Home Prices for January 2014 (Single Family Homes)
Top 5 Reasons Ex-Homeowners are Choosing to Rent in 2014
From Around the Web…
Here’s a great article from Real Estate Economy Watch, Nearly Half of All Renters are Ex-Homeowners
Sonoma County Foreclosures Go Down, Home Values Go Up
The Press Democrat published a new article on their blog regarding our local real estate market in 2013: Sonoma County Foreclosures Drop to Lowest Level in Seven Years.
As you can see in the Market Snapshot from GreatHomes.org, the median home prices showed a big increase from January 2013 to December 2013.
Sonoma County Home Values for December 2013
Median Home Prices for December 2013 (Single Family Homes)
The History of Mortgage Rates: Why Now is a Good Time to Refinance
“Those who cannot remember the past are condemned to repeat it”
– George Santayana
Can you remember the interest rate on your mortgage when you purchased your first home?
I asked this question on facebook a while ago and I received a wide range of answers. Most rates were over 6%. I now hear people in our industry talking about how rates are going up and the activity of refinance loans will dry up.