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The Arizona Board of Appraisal has moved to stop Zillow.com from providing online home estimates, known on their web site as “Zestimates”, in the state of Arizona. Arguing that these estimates are actually appraisals, the board is seeking to prevent Zillow from providing “Zestimates” in the state. Zillow states that these estimates are …
As you mght have noticed, posting has been light the past 2 weeks. I am now back from vacation, so look for a slew of activity in the next few days.
By the way, after 5 days in Disney World, I am done with lines. I can’t even stand waiting in line at Starbucks …
I guess that seals it. The National Association of Realtors, otherwise known as the National Association of Real Estate Optimists, is forecasting a nationwide decline in the median price of resale homes of .7% this year (that’s .7%, not 7%, or 70%).
The California Association of Realtors is predicting a 2% decline in …
Ok, so by now you know what sub-prime loans are. Now the default rate has risen on the next level of loans, the so-called Alt-A loans. Basically, “A” paper loans are standard, traditional loans with normal underwriting made to borrowers with good credit, strong income, and stable employment. Alt-A loans are the …
The U.S. economy added 180,000 jobs in March, dropping the national unemployment rate to 4.4%, which is a 5 year low. This is certainly welcome news for the national economy, which has been struggling with a real estate slump. Wages were also up, registering a solid 4% increase over March of last …
This is not a surprise to anyone who has been following the real estate market in Pleasanton, Dublin, Livermore, and San Ramon. The National Association of Realtors reported that pending sales of existing homes rose .7% in February as compared to January, and the index came in at a higher level than analysts expected.
Jon …
Okay. I admit it. I am not a huge Rosie O’Donnel fan. I have liked some of her stand up work, and her bit parts in movies seemed to be above average. But why comedians, and actors, and musicians feel compelled to share their political views is beyond me. Generally, …
This from the Contra Costa Times today:
East Bay cities such as Berkeley, Brentwood, Clayton and Walnut Creek experienced a nearly 25 percent drop in median home prices from February of last year.
Walnut Creek’s median home sales price dropped to $519,000, according to DataQuick Information Systems, making it lower than the median home price for Martinez, …
The early Spring real estate market continues to show some strength, although inventory is surging in all price brackets. Pent-up demand from buyers who decided to sit last year’s market out hoping for lower prices continued to propel the market in March, although sales did dip some from the frantic pace of February. …