FHA Mortgage Changes
This is important news for both buyers and sellers! The mortgage insurance is going up on April 1st and on June 3rd they are going to make the mortgage insurance premium stay for the life…
Sacramento A Seller's Market Again – Nathan Sherman on Fox 40 News
A little over a week ago Fox Dennis Shanahan of Fox 40 News interviewed me to talk about how Sacramento has become a seller’s market again. This is something that us in the industry have…
Less Foreclosures, Less Discounts
I read an interesting article in the Washington Post today. It was about the reduced number of foreclosures and the greatly reduced discount of buying a foreclosure. These have both been obvious to any agent…
Shadow Inventory
I don’t usually post about new articles that I see, but this one was very good and relevant to so many conversations that I’ve had recently. The article is titled “Now You See It, Now…
Monthly Payments of Home Buyers Almost at 1981 Levels?
OK, when I saw this headline I had to read the article. Monthly Payments for Home Buyers On October 6, 2011, in Economist Commentaries, by Lawrence Yun, Chief Economist A home buyer purchasing a typical…
Mortgage Rates Below 4%
OK, being 40 years old I know of times when rates were 18% but I wasn’t yet buying houses in those years. I’m used to 8-12% for most of my adult life and seeing rates…
Operation Twist
OK, I’m not a fan of the name of this new government plan. It will be amazing to see interest rates on mortgages go even lower than the historical lows that we are at and…