Redwood City Market Snapshot

Redwood City Market Snapshot:7-Day Intervals: 3/23 3/30Listings: 8 18Price Increase: 0 0Price Decrease: 10 7Sold: [...]

Redwood City Market Snapshot

Redwood City Market Snapshot:Last 7 Days
Listings: 8Price Increase: 0Price Decrease: 10Sold: 8Expired: 0Cancelled: 1Withdrawn: 2Pending: 16
As you can see from the above data there were as many homes that sold as there were new homes coming onto the market the last 7 days.16 homes had accepted offers and are pending right now. This to me [...]

Fannie Mae and Freddie Mac Announce Requirements for Jumbo Conforming Mortgages

Fannie Mae and Freddie Mac (the government sponsored enterprises or GSEs) have each announced special requirements for the origination, underwriting, delivery, and servicing of jumbo conforming mortgages loans (loans above $417,000 up to $729,750). Both Fannie and Freddie are taking a conservative underwriting approach to the new jumbo conforming mortgages. It was announced earlier [...]

Foreclosure Filings

After hearing month after month about the sub-prime loan fiasco and how that had caused the implosion of the real estate market I decided to do some investigation. The following is my interpretation of the data:

30% of American homes are owned “Free and Clear”
20% of American homes are owned by Investors.
50% of American homes [...]

An Ideal

…He who has the ability to see wrongs within their government have the responsibility to do whatever is possible to correct those wrongs… The Constitution of the United States