Cliff's Notes...on Real Estate

Useful information YOU may use to help YOURSELF buy or sell a home in Redwood City, San Carlos, San Mateo, Belmont, Menlo Park, Atherton, Portola Valley, and Woodside. With a total of 31 years of experience in San Mateo County real estate, I bring to the table what YOU want in a Realtor.

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Name: Cliff Keith
Location: Redwood City, California, United States

Born April 6, 1946 in Bloomington, Illinois I am a third generation baker, Licensed California Real Estate Broker since 1976. Married my loving wife Diane in 1977. We have two wonderful sons, both are musicians and living in Hollywood, CA. During my 32-year career as a Realtor I have worked for two Realty Companies; currently I am an Associate Broker with Coldwell Banker Realtors in Woodside, CA. 94062, The cornerstone of my business is built on the principles of "By Referral Only"., SCHOOLS ATTENDED: Normal Community High School, College of San Mateo, San Francisico State University Favorite Quotes: 1. "The young man knows the rules, but the old man knows the exceptions." - Oliver Wendell Holmes 2. Perfect is usually good enough. Hank the Cow Dog 3. Life never gives you anything great when you say "I can't.", Anonymous 4. If at first you don't succeed try second base. Yogi Berra

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Thursday, March 20, 2008

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 have a Mortgage/Loan.
  • In 2007 in all of America: 1.033% homes had foreclosure filings
That means we have about 1/2% foreclosures in America. Or 99.5% American homes owners are paying their Mortgages/Loans and not part of any foreclosure. Is the market really going to hadies in a hand bag? I think not.

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posted by Cliff Keith | 1:24 PM

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