Friday, November 19, 2010

New Rules From FNMA-

  Fannie Mae, who either buys or guarantees app. 28% of all of the residential loans , has some good and some bad news . Good for buyers getting part of their down payment as a gift from relatives. The bad news is for those that have gone through foreclosure or who have other revolving debt. Rea...d the NYT article at http://www.nytimes.com/2010/11/21/realestate/21mort.html?_r=2&ref=realestate

Friday, November 12, 2010

BANK OWNED HOMES SALES IN THE NORTH COUNTY

-  Wondering how many homes sales in the north county are bank owned foreclosures?   Year to date they account for 34% of the home sales in our area.    That is the same exact percentage of our sales for the same time period last year in 2009. 

Friday, November 5, 2010

OCTOBER NORTH COUNTY REAL ESTATE STATISTICS

-Numbers of closed sales in October 2010 were up 7% from September. Year to date sales for 2010 are down 8% when compared to the same time frame in 2009. Pending sales (open escrows) are only 1 escrow apart from September to October so virtually the same. The amountof listings on the market is also just 5 properties different from the same time frame in 2009.