It seems the mortgage lending mess keeps getting more difficult for buyers. In an effort to fix the inflated appraisals that were a big part of the loose lending procedures, now lenders need to abide by the Home Valuation Code of Conduct.Effective May 1st, these new rules are having the unintended effect of making [...]
Entries from May 2009
Appraisal Costs Increase!
May 21st, 2009 · No Comments
Tags: Real Estate
First Time Home Buyers are Fueling the Comeback!
May 5th, 2009 · No Comments
When first time home buyers purchase entry level homes, that allows the entry-level homeowners to sell and move-up to a mid-level, move-up market. By purchasing those homes, the move-up market is able to sell and ultimately purchase homes in the luxury arena. It’s a much-needed domino effect that will have significance in our market’s rebound. [...]
Tags: Real Estate
Fine Art in the Park
May 4th, 2009 · No Comments
I have always loved going to the art show held in Los Altos at Lincoln Park. It is put on by the Los Altos Rotary Club and is a major fund raiser for scholarships, community-based and global charity projects. The more than 200 artists are screened and the quality of art is unmatched. Every year I can’t [...]
Tags: Community News · Uncategorized