Mortgage Interest Rate Rising
Image via Wikipedia According to Private Mortage Advisors, an affiliate of Alain Pinel Realtors, mortgage rates are rising due to pressure on the 10 year US Treasury Bond which is the result of a huge debt auction by the federal government. This $123 billion offering is bigger than the demand…
U. S. Housing Market is Recovering
Good news. According to the National Association of Realtors chief economist, Lawrence Yun, the housing market has turned for the better: “The recovery is broad-based across many parts of the country. Housing affordability is at record highs.” The Pending Home Sales Index reports that contract activity for pending home sales…
Mortgage Rates Expected to Rise Slightly
Mortgage rates have climbed a bit this past week due to strong earnings in the stock market, which has pushed the dow over 10,000.  On the other hand we are now seeing higher fuel prices, which is generally a strong inflation indicator and this is not good for rates.  In addition, jobs…
Saratoga Closed Home Sales Average $1.47 million
Based on the past 54 closed escrows in Saratoga, CA here is a summary: Sale Prices              List Prices of Sold Homes Minimum:   $785,000     Minimum:   $799,000 Average:   $1,474,226       Average:    $1,571,714 Median:    $1,378,145    …
Multiple Offers on Silicon Valley Homes For Sale
As inventory is being rapidly absorbed at the lower end of the real estate market in Silicon Valley, it causes upward pressure in the middle market (under $1 million). Here are several examples of recent multiple offers in Cupertino, west San Jose, Sunnyvale and Campbell (compiled by Alain Pinel Realtors…
Median Price of Homes For Sale in Saratoga, CA on the Rise
Since the low point of March 2009, the inventory of detached homes for sale in Saratoga, CA has taken a major reversal. Inventory rose steadily to high levels through the summer and then started to take a pronounce drop after Labor Day. …
Mortgage Interest Rates Favorable to Saratoga Home Buyers
There is currently a "rate rally" going on, which means that rates are very low and it is a great time to refinance and/or buy a home in Saratoga. Jumbo rates have come down as well and guidelines will be loosening especially with regard to down payment requirements. The…
Can Interest Rate Buydowns Help Saratoga Home Sellers and Buyers?
Mortgage interest rates are currently low, but home sellers can give extra motivation to potential buyers their Saratoga home by offering an interest rate buydown. Private Mortgage Advisors, an affiliate of Wells Fargo Home Mortgage and Alain Pinel Realtors has a temporary rate buydown option that can lower home buyer’s…
Open Source Real Estate in Saratoga
To Saratoga, CA Realtor Rick Bonetti open source real estate means giving a little extra - the unexpected in service, expertise and experience.…
