Here is a helpful chart to understand how inflation puts pressure on mortgage rates: What Is Inflation? Inflation is an economic term. It describes purchasing power decreasing over time. More commonly, changes in inflation are referred to as changes in The Cost of Living; the everyday items we buy get more expensive and our heating…
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Marin County real estate sales were up slightly while prices trended down in January. There is noticeably more activity as serious buyers are attending open houses in greater numbers than usual for the season, with many chomping at the bit as they are unable to find what they are looking for.
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Inflation fears are harming home buyers. The Cost of Living has reached a record level, surpassing the former peak set in July 2008. Mortgage rates would be rising more right now if not for the Middle East unrest.
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Report provided by Guest Contributor Gina Kemsley - Senior Vice President, Loan Consultant, Terra Mortgage Banking Email: gkemsley@terramb.com – Website: www.terramortgagebanking.com/loan-officers/gina-kemsley ____________________________________________________________________________ LAST WEEK IN REVIEW “You sound like a broken record…” or so the cliché goes. And lately that saying certainly applies to the phrase the media has been repeating recently: Don’t fight the Fed. So…
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Drawing from a series of interview with former convicts, this interview shows how to keep your home from bring an easy target for burglars while you’re on vacation.
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Did you buy a Marin County home in 2008? Home buyer tax credit repayment begins for 2008 buyers Most home buyers who claimed the federal tax credit of up to $7,500 for buying their first home in 2008 are required to start repaying the credit in 15 annual installments, beginning with their 2010 tax returns….
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The Federal Reserve released its most recent meeting minutes Wednesday. Fed Minutes are the unabridged version of the succinct, more well-known “Fed Statement” that’s released immediately post-adjournment.
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Trulia’s American Dream Survey
On February 9, 2011, Trulia.com, a top site for homebuyers, sellers and renters, released the results of its biannual American Dream survey, which has tracked American attitudes towards homeownership since 2009. Harris Interactive conducted this online survey on Trulia’s behalf in January 2011 among 2,079 U.S. adults aged 18 and over. They found:
70% of Americans still view homeownership as being part of their American Dream.
78% say their homes are the best investment they ever made.
88% of 18-34 year old renters aspire to be homeowners.
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I am so happy that Larkspur and Corte Madera now have their own Patch, a community enewsletter. Below is an article from the Patch on where to find happy hour prices in Larkspur and Corte Madera. I have added my own photos. “An ex-boy friend once said, “No matter where we go, dinner is $120.” …
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