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There has been tremendous fallout from the sub prime & mortgage market meltdown. Lenders have tightened up underwriting criteria, and are demanding higher credit scores. Downpayment requirements have increased, and most of the high risk “stated income” loans have gone by the wayside. There is, however, no truth to the rumor that …
The Pleasanton CA real estate market remained steady in May, with activity down slightly from the banner month of April, and inventory climbing slightly. Of course, with the Memorial Day holiday, many people were no doubt exhausted from spending hours trying to find gasoline for under $5 per gallon for their 3 day weekend, …