Just in case you haven't heard, the Sacramento housing market is in a strong recovery with home prices WAY up and inventory WAY down. The most recent numbers are show a little more stability moving into pricing. I think we're still going to see things higher, though not at such an aggressive rate. If you [...]
In my last post, I mentioned Bethany McLean. I enjoyed her VF article about Fannie Mae and then saw her on PBS' Now. While the interview questions lean left, her replies are amazingly fair and balanced. The interview really helped me gain a broader and deeper view of the Banking Bonus scandal. Enjoy!
Good news coming from DC! Or potentially good news.... Both the House and Senate versions of the newest stimulous bill propose improvements to the previously enacted $7500 tax credit (from last summers Housing Recovery Act) for new home buyers. If either version of the new bills pass they will make the $7500 a tax credit [...]
Bethany McLean contributes an interesting article to this months Vanity Fair magazine that you can read online. I found it to be incredibly informative. In 2003 she co-wrote a book about the scandal that led to the energy company’s collapse, The Smartest Guys in the Room (Portfolio). It was developed into a documentary in 2005.
You may have noticed that we try to watch and update you on market forces that affect the real estate market. I've just gotten off the phone with Congressman Al Green's (Dem, TX) staff. Here is an important update on a bill that may heat up our market a bit.(first...a little background)HR 3221 - Housing [...]
The California Association of Realtors reported today in a press release that November sales of California homes increased 83.2% (month-over-month). They also reported that median home prices have fallen 41.8% in the same time frame. Ouch! Prices are now in the 2002 range...amazing! It's hard to imagine that there is much farther to fall considering [...]
An article on Money.com includes some interesting information about how several factors are aligning in favor of home rennovation. Some of the factors are; material prices are dropping workers are more interested in working the market is making it harder to sell homes making rennovations all the more likely Yet another silver lining on a [...]
It doesn't matter where you turn, there is information about how awful the mortgage crisis is. If you didn't look very closely you might think that you are the only one who is not in the midst of a foreclosure.One of the factors exacerbating the banking colapse is an accounting practice that is little known [...]