tag:blogger.com,1999:blog-209975987988994012024-03-08T04:01:52.606-08:00Santa Rosa Real EstateBlog about Santa Rosa real estate and Santa Rosa CA homes for sale.Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.comBlogger31125tag:blogger.com,1999:blog-20997598798899401.post-3220712767862796902011-06-14T14:53:00.000-07:002011-06-14T14:56:53.930-07:00Santa Rosa Homes for Sale - the market is local<p style="margin-top: 0in; margin-right: 0in; margin-bottom: 0.25in; margin-left: 0in; font-size: 14.5pt; font-family: 'Times New Roman', serif; "><span lang="EN" style="font-size: 9pt; font-family: Arial, sans-serif; color: black; ">This is an article from Inman news that really makes a point about <b><a href="http://www.realestateinsonomawinecountry.com">Santa Rosa homes for sale</a></b> in a local market. </span></p><p style="margin-top: 0in; margin-right: 0in; margin-bottom: 0.25in; margin-left: 0in; font-size: 14.5pt; font-family: 'Times New Roman', serif; "><span lang="EN" style="font-size: 9pt; font-family: Arial, sans-serif; color: black; ">Broad housing market reports are a dime a dozen these days, and if you ask me, that's a good approximation of their worth. Markets are sliced and diced and compared across the board, drawing multiple -- and often conflicting -- conclusions with shaky, obsolete data. The market's up, or maybe it's down. It's good, it's bad, and it's confusing.<o:p></o:p></span></p><p style="margin-top: 0in; margin-right: 0in; margin-bottom: 0.25in; margin-left: 0in; font-size: 14.5pt; font-family: 'Times New Roman', serif; "><span lang="EN" style="font-size: 9pt; font-family: Arial, sans-serif; color: black; ">For most people, even with access to all this information the results are more inconsistent than ever, often dated and out of context. But they don't have to be.<o:p></o:p></span></p><p style="margin-top: 0in; margin-right: 0in; margin-bottom: 0.25in; margin-left: 0in; font-size: 14.5pt; font-family: 'Times New Roman', serif; "><span lang="EN" style="font-size: 9pt; font-family: Arial, sans-serif; color: black; ">Timely and accurate information, provided on a local level with a real-world perspective, is the real estate market's most important commodity -- and the ability of the public, government, financial institutions, investors and real estate professionals to make informed decisions on local housing markets is the cornerstone of an eventual housing recovery.<o:p></o:p></span></p><p style="margin-top: 0in; margin-right: 0in; margin-bottom: 0.25in; margin-left: 0in; font-size: 14.5pt; font-family: 'Times New Roman', serif; "><span lang="EN" style="font-size: 9pt; font-family: Arial, sans-serif; color: black; ">Isn't it time we stop trying to drive by, looking in the rear-view mirror, and insist on seeing just the facts, clearly, as they unfold?<o:p></o:p></span></p><p style="margin-top: 0in; margin-right: 0in; margin-bottom: 0.25in; margin-left: 0in; font-size: 14.5pt; font-family: 'Times New Roman', serif; "><span lang="EN" style="font-size: 9pt; font-family: Arial, sans-serif; color: black; ">Considering the critical role that real estate statistics play in just about every housing-related decision, it is time for our industry to rally around better data. We owe it to ourselves, our clients and our profession to insist on timeliness and clarity while delving into the motivations and methodologies of every metric we disseminate.<o:p></o:p></span></p><p style="margin-top: 0in; margin-right: 0in; margin-bottom: 0.25in; margin-left: 0in; font-size: 14.5pt; font-family: 'Times New Roman', serif; "><span lang="EN" style="font-size: 9pt; font-family: Arial, sans-serif; color: black; ">The most recent Case-Shiller Home Price Index of May 31 is a perfect example: It noted, of all the U.S. markets it tracks, the Washington, D.C., metro area as the only market to experience an increase in housing prices for the first quarter of 2011.<o:p></o:p></span></p><p style="margin-top: 0in; margin-right: 0in; margin-bottom: 0.25in; margin-left: 0in; font-size: 14.5pt; font-family: 'Times New Roman', serif; "><span lang="EN" style="font-size: 9pt; font-family: Arial, sans-serif; color: black; ">While this index may be useful for Wall Street, it hardly constitutes breaking news. Improving market conditions were reported three weeks earlier in an index produced by an MRIS subsidiary.<o:p></o:p></span></p><p style="margin-top: 0in; margin-right: 0in; margin-bottom: 0.25in; margin-left: 0in; font-size: 14.5pt; font-family: 'Times New Roman', serif; "><span lang="EN" style="font-size: 9pt; font-family: Arial, sans-serif; color: black; ">Metric discrepancies are about more than selling products or securing a reputation in the marketplace -- they go to the heart of how we think about information. The one real estate mantra that has remained unequivocally true through some of the most tumultuous years in the history of our profession is that all real estate is local.<o:p></o:p></span></p><p style="margin-top: 0in; margin-right: 0in; margin-bottom: 0.25in; margin-left: 0in; font-size: 14.5pt; font-family: 'Times New Roman', serif; "><span lang="EN" style="font-size: 9pt; font-family: Arial, sans-serif; color: black; ">By focusing on broad market-to-market comparisons instead of individual markets, we undercut our value as real estate professionals. Instead of chasing fleeting affirmations that change day in and day out, we should ensure that real estate professionals know how to read and apply local data.<o:p></o:p></span></p><p style="margin-top: 0in; margin-right: 0in; margin-bottom: 0.25in; margin-left: 0in; font-size: 14.5pt; font-family: 'Times New Roman', serif; "><span lang="EN" style="font-size: 9pt; font-family: Arial, sans-serif; color: black; ">Let's focus more on whether single-family homes or condos are more prevalent in a single area, the variance of seasonal market shifts, or the changes in sales activity that often precede major trends.<o:p></o:p></span></p><p style="margin-top: 0in; margin-right: 0in; margin-bottom: 0.25in; margin-left: 0in; font-size: 14.5pt; font-family: 'Times New Roman', serif; "><span lang="EN" style="font-size: 9pt; font-family: Arial, sans-serif; color: black; ">Let's talk about the facts as they stand today and refrain from basing decisions on reports that are already five to seven months behind the market when they hit newsstands.<o:p></o:p></span></p><p style="margin-top: 0in; margin-right: 0in; margin-bottom: 0.25in; margin-left: 0in; font-size: 14.5pt; font-family: 'Times New Roman', serif; "><span lang="EN" style="font-size: 9pt; font-family: Arial, sans-serif; color: black; ">We're never going to move forward as a profession by basing decisions on old data, and we'll never overcome paralysis if we compare our local markets to every other market in the country without considering the context of local driving forces.<o:p></o:p></span></p><p style="margin-top: 0in; margin-right: 0in; margin-bottom: 0.25in; margin-left: 0in; font-size: 14.5pt; font-family: 'Times New Roman', serif; "><span lang="EN" style="font-size: 9pt; font-family: Arial, sans-serif; color: black; ">Most people won't buy stocks today based solely on six-month-old research, nor will they decide what to wear today based on the average temperature in New York. Why don't the same principles apply to real estate?<o:p></o:p></span></p><p style="margin-top: 0in; margin-right: 0in; margin-bottom: 0.25in; margin-left: 0in; font-size: 14.5pt; font-family: 'Times New Roman', serif; "><span class="Apple-style-span" style="font-family:Arial, sans-serif;font-size:100%;"><span class="Apple-style-span" style="font-size: 12px;">For even more insights about Santa Rosa real estate and a list of <b><a href="http://www.realestateinsonomawinecountry.com">Santa Rosa homes for sale</a> </b>please visit www.berghof-realty.com</span></span></p><div><span lang="EN" style="font-size: 9pt; font-family: Arial, sans-serif; color: black; "><br /></span></div>Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-90777869082903178192009-03-05T11:42:00.001-08:002009-03-05T11:42:44.871-08:00It's Always Darkest Before The Dawn<div > It's hard for Santa Rosa Real Estate to escape the total economic collapse the US is experiencing. The stats keep coming and nothing is good. But I see and end coming to this slide, and my money is still on Spring 2009.<br/> </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:D98B8E98-8FD4-41F9-BA65-8191118F01F3:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/6f415b3a-836f-40b8-a70a-f4b36211882f/D98B8E98-8FD4-41F9-BA65-8191118F01F3/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/ap/20090305/ap_on_bi_ge/states_foreclosures" href="http://news.yahoo.com/s/ap/20090305/ap_on_bi_ge/states_foreclosures" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20090305/ap_on_bi_ge/states_foreclosures"><P>A record 5.4 million American homeowners with a mortgage of any kind, or nearly 12 percent, were at least one month late or in foreclosure at the end of last year, the Mortgage Bankers Association reported. That's up from 10 percent at the end of the third quarter, and up from 8 percent at the end of 2007.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20090305/ap_on_bi_ge/states_foreclosures"><P>The only bright spot in the report is the devastation wrought by subprime ARMs appears to be waning. Their 30-day delinquency rate continues to fall and is at the lowest point since the first quarter of 2007.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D98B8E98-8FD4-41F9-BA65-8191118F01F3/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-64921104929797230372009-02-03T11:33:00.001-08:002009-02-03T11:33:11.411-08:00The Bottom of the Santa Rosa Real Estate Market May Be Forming<div > Right on schedule, small bright spots start to emerge in the real estate market. I've blogged about this before, my prediction for the real estate turn around is spring of this year and though it is too early to tell, this bit of good news is the beginning of the end. I'll be snatching up a deal in the April, May, June time frame. </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:42CE546F-7DF2-46BC-A019-7AAAFAF0163E:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/eef45b1e-f927-4a79-b24f-3d2d90ae01be/42CE546F-7DF2-46BC-A019-7AAAFAF0163E/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://finance.yahoo.com/news/Pending-home-sales-post-apf-14235513.html" href="http://finance.yahoo.com/news/Pending-home-sales-post-apf-14235513.html" style="font-size: 11px;">finance.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/news/Pending-home-sales-post-apf-14235513.html"><P>It was the second positive sign in the past two weeks for the troubled U.S. housing market, and may indicate that a bottom is forming -- at least for home sales. Analysts, however, caution that prices are likely to keep falling through 2009, and say the outlook for home sales is uncertain, especially as layoffs mount and banks' lending standards remain tight.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/news/Pending-home-sales-post-apf-14235513.html"><P>The National Association of Realtors said Tuesday its seasonally adjusted index of pending sales for previously owned homes for December rose 6.3 percent to 87.7 from an upwardly revised November reading of 82.5, which was lowest month on record. That's better than the 82.3 reading economists expected, according to a survey by Thomson Reuters.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/42CE546F-7DF2-46BC-A019-7AAAFAF0163E/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-7888089260616625512009-01-29T10:32:00.001-08:002009-01-29T10:32:25.562-08:00Home Sales Drop in December. What is the effect on Santa Rosa Real Estate<div > Another data point in a long line of downward pressure. Santa Rosa real estate is not immune to national trends and this data on new homes is shocking. Annual new home sales of 331,000 with more than a year of inventory. Don't look for construction jobs to be back anytime soon. </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:7A4DF3E6-6D39-476E-8D6F-910C137F3D7E:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/0879173f-82ad-4a90-afa3-8e6a55064b74/7A4DF3E6-6D39-476E-8D6F-910C137F3D7E/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://finance.yahoo.com/news/December-new-home-sales-post-apf-14194653.html" href="http://finance.yahoo.com/news/December-new-home-sales-post-apf-14194653.html" style="font-size: 11px;">finance.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/news/December-new-home-sales-post-apf-14194653.html"><P>The Commerce Department said Thursday that new home sales fell 14.7 percent in December to a seasonally adjusted annual rate of 331,000, from a downwardly revised November figure of 388,000.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/news/December-new-home-sales-post-apf-14194653.html"><P>December's sales pace was the lowest on records dating back to 1963. Economists surveyed by Thomson Reuters had expected sales would fall to a rate of 400,000 homes.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/news/December-new-home-sales-post-apf-14194653.html"><P>The inventory of unsold new homes stood at a seasonally adjusted 357,000 in December, down 10 percent from November. But at the current sales pace, it would take a more than a year to exhaust the stock as houses are dumped onto a market already glutted by a tide of foreclosures.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7A4DF3E6-6D39-476E-8D6F-910C137F3D7E/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-27188011218993726782009-01-22T09:59:00.001-08:002009-01-22T09:59:43.870-08:00Santa Rosa Real Estate Prices for 2009<div > It's anyone's guess when the bottom of the Santa Rosa real estate market will be found. My money is on Spring of 2009 but there are plenty of people who think it won't come to 2010 or beyond. <br/><br/>If you have to sell in this market, here are a couple of pieces of good advice. </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:66093E2B-FEEB-48BB-A0E5-640343D55A8F:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/190d2922-843a-46e9-8059-cb6cd1deecac/66093E2B-FEEB-48BB-A0E5-640343D55A8F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://finance.yahoo.com/real-estate/article/106107/Forecast-2009:-Your-Home" href="http://finance.yahoo.com/real-estate/article/106107/Forecast-2009:-Your-Home" style="font-size: 11px;">finance.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/real-estate/article/106107/Forecast-2009:-Your-Home"><P>In many markets, sellers will face the toughest competition not from fellow homeowners but from banks and builders. Both will be willing to cut prices dramatically to sell a foreclosed or new home.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/real-estate/article/106107/Forecast-2009:-Your-Home"><P>Go to <A target="new" href="http://www.zillow.com/">Zillow.com</A> to see how much nearby homes fetched recently. Once you've figured out what a buyer might pay, price your house 5% below that.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/real-estate/article/106107/Forecast-2009:-Your-Home"><P>Sound painful? A recent study by a New Jersey appraiser found that houses priced below market ended up selling for more than similar houses listed above market. That's because lower prices attract more buyers.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/66093E2B-FEEB-48BB-A0E5-640343D55A8F/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-25990412073426777862009-01-06T09:11:00.001-08:002009-01-06T09:11:55.321-08:00Santa Rosa Real Estate Bleak But May Look Up in Spring<div > Santa Rosa Real Estate shows little signs of improving with declines in Q4. But we are starting to see the signs that Spring will bring the beginning of the end of the slump. </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:D6952613-48F7-44B2-99C8-B72DC01B0DDB:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/56ff6f25-d302-4840-9a5a-e14b052c8498/D6952613-48F7-44B2-99C8-B72DC01B0DDB/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/nm/20090106/bs_nm/us_usa_economy_housing" href="http://news.yahoo.com/s/nm/20090106/bs_nm/us_usa_economy_housing" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20090106/bs_nm/us_usa_economy_housing"><P><br />The National <SPAN id="lw_1231259410_1" class="yshortcuts">Association of Realtors</SPAN> <SPAN id="lw_1231259410_2" class="yshortcuts">Pending Home Sales Index</SPAN>, based on contracts signed in November, dropped 4.0 percent to 82.3, the lowest level since the series started in 2001. That was worse than economists' expectations for a 0.1 percent drop.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20090106/bs_nm/us_usa_economy_housing"><P><br />"The housing market is always quiet at the turn of the year so what matters now is the performance through the spring, when activity usually rises," said Ian Shepherdson, chief U.S. economist at HFE in <SPAN id="lw_1231259410_8" class="yshortcuts">New York</SPAN>.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20090106/bs_nm/us_usa_economy_housing"><P><br />"With mortgage rates dropping sharply we are cautiously optimistic that sales will not fall much further and should even rebound a bit by mid-year. But the immediate outlook is bleak."</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D6952613-48F7-44B2-99C8-B72DC01B0DDB/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-23343223373720233072008-12-14T22:35:00.001-08:002008-12-14T22:35:53.928-08:00What Does 2009 Hold In Store For Santa Rosa Real Estate<div > </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:885EA6B4-4159-4F7B-9C98-C0FCFA8E34B5:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/9a63ee96-83fd-4172-91bc-9d3c7f400c99/885EA6B4-4159-4F7B-9C98-C0FCFA8E34B5/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://finance.yahoo.com/real-estate/article/106107/Forecast-2009:-Your-Home" href="http://finance.yahoo.com/real-estate/article/106107/Forecast-2009:-Your-Home" style="font-size: 11px;">finance.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/real-estate/article/106107/Forecast-2009:-Your-Home"><table background="undefined" bgcolor=""><tr><TD><TABLE width="220" cellspacing="0" cellpadding="0" border="0"><TBODY><TR><TD><STRONG>Ouch!</STRONG></TD></TR><TR><TD>Home prices in the nations 10 biggest metro areas are projected to keep falling in 2009, with Miami and Los Angeles suffering most.</TD></TR><TR><TD><TABLE width="100%" cellspacing="0" cellpadding="0" border="0"><TBODY><TR><TD width="40%" align="left"><STRONG>Metro area</STRONG></TD><TD width="35%" align="right"><STRONG>2009 median home price</STRONG></TD><TD width="25%" align="right"><STRONG>2009 change</STRONG></TD></TR><TR> </TR><TR><TD align="left"><STRONG>Dallas</STRONG></TD><TD align="right">$155,645</TD><TD align="right">-1.0%</TD></TR><TR><TD align="left"><STRONG>Houston</STRONG></TD><TD align="right">147,549</TD><TD align="right">-1.8</TD></TR><TR><TD align="left"><STRONG>Atlanta</STRONG></TD><TD align="right">50,092</TD><TD align="right">-2.5</TD></TR><TR><TD align="left"><STRONG>Chicago</STRONG></TD><TD align="right">239,359</TD><TD align="right">-5.3</TD></TR><TR><TD align="left"><STRONG>Philadelphia</STRONG></TD><TD align="right">201,151</TD><TD align="right">-9.8</TD></TR><TR><TD align="left"><STRONG>Boston</STRONG></TD><TD align="right">295,918</TD><TD align="right">-12.5</TD></TR><TR><TD align="left"><STRONG>New York</STRONG></TD><TD align="right">393,210</TD><TD align="right">-13.7</TD></TR><TR><TD align="left"><STRONG>Washington</STRONG></TD><TD align="right">261,411</TD><TD align="right">-17.1</TD></TR><TR><TD align="left"><STRONG>Los Angeles</STRONG></TD><TD align="right">269,614</TD><TD align="right">-17.2</TD></TR><TR><TD align="left"><STRONG>Miami</STRONG></TD><TD align="right">214,551</TD><TD align="right">-18.8</TD></TR><TR> </TR><TR><TD align="left" colspan="3"><SPAN class="style2">Notes: Prices are projections for the end of 2009. Change is from the end of 2008.</SPAN></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE><DIV class="style2"><br /> <DIV align="right">Source: Moody's Economy.com</DIV><br /></DIV></TD></tr></table></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/real-estate/article/106107/Forecast-2009:-Your-Home"><P>Lawrence Yun, chief economist of the perpetually optimistic National Association of Realtors, says he expects prices to rise 2.8% in 2009.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/real-estate/article/106107/Forecast-2009:-Your-Home"><P>Go to <A target="new" href="http://www.zillow.com/">Zillow.com</A> to see how much nearby homes fetched recently. Once you've figured out what a buyer might pay, price your house 5% below that.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/885EA6B4-4159-4F7B-9C98-C0FCFA8E34B5/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-14108429414829874882008-09-11T09:11:00.001-07:002008-09-11T09:11:53.975-07:00Mortgage Rates Drop to Lowest Level Since April<div > A bit of good news for the Santa Rosa real estate market that will help both buyers and sellers. The government takeover of Fannie and Freddie has had the desired effect of lowing mortgage rates. The lower rates mean more people will qualify for home loans and be able to the home loan payments. <br/><br/>One thing for sure, this is a very exciting time in the real estate business. </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:118C643C-CF1D-495F-AF4E-26725E22FA1C:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/be4cba77-7c81-43b9-aef3-b438554f9f6a/118C643C-CF1D-495F-AF4E-26725E22FA1C/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/ap/20080911/ap_on_bi_go_ec_fi/mortgage_rates" href="http://news.yahoo.com/s/ap/20080911/ap_on_bi_go_ec_fi/mortgage_rates" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080911/ap_on_bi_go_ec_fi/mortgage_rates"><P>Freddie Mac reported Thursday that its nationwide survey found that 30-year, fixed-rate mortgages dipped to 5.93 percent this week, down from 6.35 percent last week.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080911/ap_on_bi_go_ec_fi/mortgage_rates"><P>"This is the most significant positive benefit of the government takeover of Fannie and Freddie," Zandi said. "I think it is important that rates have fallen below the key 6 percent benchmark and hopefully rates will move lower in coming weeks."</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/118C643C-CF1D-495F-AF4E-26725E22FA1C/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-50162729047857538402008-09-09T09:48:00.001-07:002008-09-09T09:48:40.796-07:00Pending Sales Fall in June - How Does It Impact Santa Rosa Real Estate?<div > Another indication of weak housing market at the national level. It is unclear how this effects the local Santa Rosa real estate market. </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:8A937363-55C7-49C7-9621-B08CA2325E63:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/b3250cb4-6dd7-4cb1-a2ba-72449fd1b73d/8A937363-55C7-49C7-9621-B08CA2325E63/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://biz.yahoo.com/ap/080909/pending_home_sales.html" href="http://biz.yahoo.com/ap/080909/pending_home_sales.html" style="font-size: 11px;">biz.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://biz.yahoo.com/ap/080909/pending_home_sales.html"><P>The National Association of Realtors said its seasonally adjusted index of pending sales for existing homes fell 3.2 percent to a reading of 86.5 from an upwardly revised June reading of 89.4. The index was 6.8 percent below year-ago levels.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://biz.yahoo.com/ap/080909/pending_home_sales.html"><P>Lawrence Yun, the trade group's chief economist, forecasts U.S. home sales are on a pace to fall 11 percent from last year to just over 5 million in 2008. Yun also says that stringent lending criteria by Fannie Mae and Freddie Mac -- the mortgage finance companies taken over by the government this weekend held back sales activity.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/8A937363-55C7-49C7-9621-B08CA2325E63/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-52248095936626670512008-09-08T09:39:00.001-07:002008-09-08T09:39:57.860-07:00Fannie and Freddie Bail Out or Take Over?<div > The treasury Department announced on Sunday that they are buying out Freddie and Fannie to the tune of $100 billion each - representing 80% of the companies. This step is good news for home purchasers as it is expected to lower interest rates for new mortgages though it will provide little relief for those already in trouble. <br/><br/>Think of this as the beginning of the end of the worst financial collapse since the great depression. </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:CDA0BBBE-6CBB-4877-A20E-F1B1C4681F87:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/dc77110a-a643-4509-81a5-50bdb9f0e9ee/CDA0BBBE-6CBB-4877-A20E-F1B1C4681F87/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/ap/20080908/ap_on_bi_st_ma_re/wall_street" href="http://news.yahoo.com/s/ap/20080908/ap_on_bi_st_ma_re/wall_street" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080908/ap_on_bi_st_ma_re/wall_street"><P>The plan to inject up to $100 billion in each of the government-chartered mortgage companies could not only help lower mortgage rates but, some investors are hoping, buoy the overall economy. The plan could help banks feel more open to write new mortgages and to refinance existing mortgages at lower rates, offering a possible lifeline to consumers struggling with increasing payments.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080908/ap_on_bi_st_ma_re/wall_street"><P>Dave Rovelli, managing director of U.S. equity trading at <SPAN id="lw_1220891404_4" class="yshortcuts">Canaccord Adams</SPAN> in <SPAN id="lw_1220891404_5" class="yshortcuts">New York</SPAN>, said while the plan boosts confidence in sectors like financials and home builders, it doesn't immediately alleviate worries about other areas of the economy. Still, he said the move was far more welcome than a collapse of Fannie Mae or Freddie Mac.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/CDA0BBBE-6CBB-4877-A20E-F1B1C4681F87/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-81526892709182493282008-09-04T10:51:00.001-07:002008-09-04T10:51:22.825-07:00Foreclosures in Poor Condition Drive Real Estate Prices Lower<div > Adding insult to injury, the condition of foreclosed homes drives the price down even further. As I reported in an earlier post, July sales numbers we fueled by foreclosure sales with many in poor or downright horrible condition. </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:C1C01394-9CD2-4B5C-8A16-8A8098EDB58B:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/3b2c6a10-d698-4645-999c-303164fdf18c/C1C01394-9CD2-4B5C-8A16-8A8098EDB58B/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://finance.yahoo.com/real-estate/article/105616/These-Homes-for-Sale-Stink" href="http://finance.yahoo.com/real-estate/article/105616/These-Homes-for-Sale-Stink" style="font-size: 11px;">finance.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/real-estate/article/105616/These-Homes-for-Sale-Stink"><P>"Part of the reason home prices are declining is a fundamental deterioration in the housing stock," said Glenn Kelman, CEO of the online, discount broker Redfin. "During the boom, nine out of 10 houses for sale in many markets were in prime condition. Now, for every 10 houses, at least three are dogs."</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/real-estate/article/105616/These-Homes-for-Sale-Stink"><P>"I've never seen so many houses in this condition before," said Ray Anderson of Buyer's Advantage Real Estate in Auburn Calif., near <SPAN id="lw_1220377998_6" class="yshortcuts">Sacramento</SPAN>. "And I've been in the business 20 years. I've seen bank-owned properties in the past. They were never like this."</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/real-estate/article/105616/These-Homes-for-Sale-Stink"><P>Nationally 18.6% of all homes sold during the three months ended June 30 were foreclosures, compared with just 7% during the same period a year earlier, and 3.1% in 2006, according to the real estate Web site <A target="_blank" href="http://Zillow.com/"><SPAN id="lw_1220377998_16" class="yshortcuts">Zillow.com</SPAN></A>. And that doesn't include <SPAN id="lw_1220377998_17" class="yshortcuts">short sales</SPAN>, which is when a home is sold for less than the mortgage balance and the bank forgives the unpaid balance and also account for a lot of sales in many areas.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C1C01394-9CD2-4B5C-8A16-8A8098EDB58B/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-89182746733169296372008-09-03T10:14:00.001-07:002008-09-03T10:14:53.320-07:00How Far to the Bottom of the Santa Rosa Real Estate Market?<div > Always the question and everyone has an opinion on when the Santa Rosa real estate market will bottom out. It looks like some think the historical prices are still way out of whack and we should see declines for another year. <br/><br/>My analysis says houses that our priced at 2000-2001 price levels are selling in 30-60 days. Houses priced higher are not selling at all. </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:37448940-126F-4408-9857-17076A2CC772:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/5544bbef-ba44-465d-9a00-90bf7d777953/37448940-126F-4408-9857-17076A2CC772/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://finance.yahoo.com/tech-ticker/article/52640/House-Prices-Still-Too-High-Despite-Collapse?tickers=fre,fnm" href="http://finance.yahoo.com/tech-ticker/article/52640/House-Prices-Still-Too-High-Despite-Collapse?tickers=fre,fnm" style="font-size: 11px;">finance.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/tech-ticker/article/52640/House-Prices-Still-Too-High-Despite-Collapse?tickers=fre,fnm"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/finance.yahoo.com/img/8714260B-A8C8-4416-8FEB-3D4FECF4DAD5" alt="Price To Rent.png" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/tech-ticker/article/52640/House-Prices-Still-Too-High-Despite-Collapse?tickers=fre,fnm"><P>Asha calculates the price-to-rent ratio using the Case-Shiller price<br />index and the "Owner's Equivalent Rent" component of the CPI. The<br />horizontal "means" in her chart are one standard deviation above the<br />long term mean (i.e., they're not the average...they're a<br />standard-deviation higher than the average*). The higher mean includes<br />the high prices of the bubble years, and the lower one doesn't. Either<br />way, it's clear that house prices are still well above their long-term<br />average level relative to rents. (And don't forget that prices spend<br />about half the time <I>below</I> the average).</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/37448940-126F-4408-9857-17076A2CC772/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-57053933749303849722008-09-02T10:15:00.001-07:002008-09-02T10:16:55.697-07:00New Home Sales Up But Still at Record Low Levels<div> Watching this real estate market closely is an obsession of mine. Almost daily there are stories written and statistics published that taken all together, begin to show a picture.<br /><br />And studying the micro market of Santa Rosa, more specifically, home sales in Bennett Valley - the picture is clear. Good home priced at 2001-2002 levels will sell. All others sit on the market for 120 days or longer as the home inventories continue to grow. </div><table style="border: 4px solid rgb(229, 229, 229); margin: 12px 0px; background: rgb(255, 255, 255) none repeat scroll 0% 0%; font-family: arial; color: rgb(51, 51, 51); -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial; width: 100%; clear: left;" cellpadding="0" cellspacing="0"><tbody><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:D135736A-8BC0-434E-8B55-48B6A7B1320F:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px; background-color: rgb(255, 255, 255);"><div style="border-bottom: 1px solid rgb(220, 220, 220); white-space: nowrap; margin-bottom: 8px; background-color: rgb(238, 238, 238); background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: rgb(102, 102, 102); font-size: 10px;"><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/d5f677df-2c77-432a-8f08-bc3d7157045b/D135736A-8BC0-434E-8B55-48B6A7B1320F/" alt="" style="border: medium none ; margin: 0px 4px; vertical-align: middle; display: inline; float: none;" width="19" border="0" height="19" /></a>clipped from <a title="http://news.yahoo.com/s/ap/20080826/ap_on_bi_go_ec_fi/home_sales" href="http://news.yahoo.com/s/ap/20080826/ap_on_bi_go_ec_fi/home_sales" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="border: medium none ; margin: 4px 0px 8px; padding: 0px 8px; background: transparent none repeat scroll 0% 0%; text-align: left; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;" cite="http://news.yahoo.com/s/ap/20080826/ap_on_bi_go_ec_fi/home_sales"><p>The Commerce Department reported Tuesday that new-home sales rose by 2.4 percent last month to a seasonally adjusted annual rate of 515,000 units, the most since April. But sales in June had plummeted to a pace of just 503,000 — down from previous estimates of 530,000 — to mark the worst showing since September 1991.</p></blockquote><div style="border-bottom: 1px solid rgb(245, 245, 245); margin: 2px 4px; background: rgb(220, 220, 220) none repeat scroll 0% 0%; height: 2px; font-size: 2px; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;"></div><blockquote style="border: medium none ; margin: 4px 0px 8px; padding: 0px 8px; background: transparent none repeat scroll 0% 0%; text-align: left; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;" cite="http://news.yahoo.com/s/ap/20080826/ap_on_bi_go_ec_fi/home_sales"><p>The average price of a new-home sold in July was $294,600, down 4.1 percent from a year ago. The median home price — where half sell for more and half for less — was $230,700, down 6.3 percent from last year.</p></blockquote><div style="border-bottom: 1px solid rgb(245, 245, 245); margin: 2px 4px; background: rgb(220, 220, 220) none repeat scroll 0% 0%; height: 2px; font-size: 2px; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;"></div><blockquote style="border: medium none ; margin: 4px 0px 8px; padding: 0px 8px; background: transparent none repeat scroll 0% 0%; text-align: left; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;" cite="http://news.yahoo.com/s/ap/20080826/ap_on_bi_go_ec_fi/home_sales"><p>The National <span id="lw_1219766910_4" class="yshortcuts">Association of Realtors</span> reported Monday that sales of previously-owned homes rose in July as discounts lured buyers. However, the number of unsold properties hit an all-time high, an indication that the worst <span id="lw_1219766910_5" class="yshortcuts">housing slump</span> in decades is far from over.</p></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="padding: 0px; font-size: 11px; border-spacing: 0px;" width="100%" cellpadding="0" cellspacing="0"><tbody><tr><td style="border-width: 0px; padding: 0px; background: transparent none repeat scroll 0% 0%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;"> </td><td style="border-width: 0px; padding: 0px; background: transparent none repeat scroll 0% 0%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial; width: 107px;" width="107" align="right"><a href="http://clipmarks.com/share/D135736A-8BC0-434E-8B55-48B6A7B1320F/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" alt="blog it" style="border-width: 0px; margin: 0px; padding: 0px;" width="107" border="0" height="17" /></a></td></tr></tbody></table></div></td></tr></tbody></table>Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-85014708145223713052008-08-27T13:35:00.001-07:002008-08-27T13:35:27.738-07:00The Down Payment Return to Home Sales in Santa Rosa<div > The days of zero down for real estate in Santa Rosa are over as we experience the end of the financial market collapse. The good news is that home prices are very attractive now so for families that have saved a down payment, or investors with cash on hand now is a great time to pick up deals. </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:AEF62776-7699-4701-AC69-30B0BEEDDB54:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/38c70e1e-c730-4fd1-baad-b80d789c47c9/AEF62776-7699-4701-AC69-30B0BEEDDB54/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://finance.yahoo.com/expert/article/mortgage/100252" href="http://finance.yahoo.com/expert/article/mortgage/100252" style="font-size: 11px;">finance.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/expert/article/mortgage/100252"><P>Over the past 18 months, the <SPAN id="lw_1218600005_0" class="yshortcuts">mortgage market</SPAN> has changed more rapidly than in any comparable period since the Great Depression. From the standpoint of borrowers, two changes are of paramount importance. The first is an increase in day-to-day price volatility. The second is a tightening of <SPAN id="lw_1218600005_1" class="yshortcuts">underwriting</SPAN> requirements, with higher down payment requirements the centerpiece. That is the subject of this article.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/expert/article/mortgage/100252"><P>When the market turned and home prices began to decline in late 2006 and 2007, down payment requirements had to be drastically revamped. Just as rising prices generate homeowner equity, falling prices destroy it. There are no zero-down loans anymore, except the VA loan for veterans. <SPAN id="lw_1218600005_8" class="yshortcuts">FHA loans</SPAN> remain available at 3 percent down for smaller amounts, but conventional loans now generally require 10 percent down, and in some areas it is higher. On top of this, lenders now want most borrowers to have <SPAN id="lw_1218600005_9" class="yshortcuts">good credit scores</SPAN> and to fully document their incomes. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/AEF62776-7699-4701-AC69-30B0BEEDDB54/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-50112994400188216442008-08-22T08:59:00.001-07:002008-08-22T08:59:12.402-07:00When will the bottom of the real estate market happen?<div > Well,no one knows for sure when Santa Rosa real estate will bottom out but some models suggest that we may be getting close. Lets all keep our fingers crossed that Santa Rosa home prices will start back up. </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:5480C2F3-FE39-4191-9637-40A051DA1961:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/fa216408-ec8d-4a91-a38c-03f16b423952/5480C2F3-FE39-4191-9637-40A051DA1961/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://finance.yahoo.com/real-estate/article/105546/In-Various-Ways,-Economists-Try-to-Find-Right-Price-for-a-Home" href="http://finance.yahoo.com/real-estate/article/105546/In-Various-Ways,-Economists-Try-to-Find-Right-Price-for-a-Home" style="font-size: 11px;">finance.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/real-estate/article/105546/In-Various-Ways,-Economists-Try-to-Find-Right-Price-for-a-Home"><P><A target="_blank" href="http://www.nytimes.com/"><SPAN id="lw_1218553068_2" class="yshortcuts">The New York Times</SPAN></A> asked economists across the country to share the data they use to figure out how much houses in regional markets are overvalued, a calculation that approximates where the bottom may be. Models built on these variables show that while some markets — such as <SPAN id="lw_1218553068_3" class="yshortcuts">California</SPAN> — are on a <SPAN id="lw_1218553068_4" class="yshortcuts">road to recovery</SPAN>, others — such as south Florida — have a way to go.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/real-estate/article/105546/In-Various-Ways,-Economists-Try-to-Find-Right-Price-for-a-Home"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/finance.yahoo.com/img/5805A072-8742-4C08-B153-2F759A538EC4" alt="whats_it_worth.gif" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/real-estate/article/105546/In-Various-Ways,-Economists-Try-to-Find-Right-Price-for-a-Home"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/finance.yahoo.com/img/617AC1F7-D034-4FA8-8670-C175ED9C859E" alt="three_ways.gif" /></div></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/5480C2F3-FE39-4191-9637-40A051DA1961/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-30021657106698791782008-08-18T12:09:00.001-07:002008-08-18T12:09:26.780-07:00Real Estate Prices Drop as Sales Increase<div > Southern California reports some interesting news in July real estate numbers. Massive reduction in median home prices (31%+) boosted home sales by 16%. But the interesting part is the fact that 44% of all sales were for foreclosed properties. When you put this into human terms, we're talking about a huge number of families in trouble. The social costs of the real estate meltdown will be felt for years to come. </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:3366A429-1F0C-4D66-BE87-20884B1F7876:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/a90dd7e7-5e69-4773-9157-bf209351976d/3366A429-1F0C-4D66-BE87-20884B1F7876/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/ap/20080818/ap_on_bi_ge/california_homes" href="http://news.yahoo.com/s/ap/20080818/ap_on_bi_ge/california_homes" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080818/ap_on_bi_ge/california_homes"><P>The median price for all homes and condo sales — including new and existing models — dropped to $348,000 in the six-county region last month, down from the market peak of $505,000 in July 2007 and down slightly from $355,000 in June, MDA DataQuick said.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080818/ap_on_bi_ge/california_homes"><P><SPAN id="lw_1219081728_4" class="yshortcuts">Foreclosures</SPAN> accounted for 43.6 percent of all resold properties last month, up from 7.9 percent in July 2007 and a revised 41.8 percent in June.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/3366A429-1F0C-4D66-BE87-20884B1F7876/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-64769248584932894392008-08-17T20:27:00.001-07:002008-08-17T20:27:37.583-07:002009 Recovery for Santa Rosa Real Estate<div > </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:1452ACE4-62CB-4B00-93BE-76E1BDF579E2:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/3a4602ca-9bf3-4ec2-925a-6f11c8796a63/1452ACE4-62CB-4B00-93BE-76E1BDF579E2/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/afp/20080817/ts_alt_afp/useconomyhousing" href="http://news.yahoo.com/s/afp/20080817/ts_alt_afp/useconomyhousing" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/afp/20080817/ts_alt_afp/useconomyhousing"><P><br />"Home prices in the US are likely to start to stabilize or touch bottom sometime in the first half of 2009," <SPAN id="lw_1218958213_1" class="yshortcuts">former Federal Reserve chairman Alan Greenspan</SPAN> said Thursday.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/afp/20080817/ts_alt_afp/useconomyhousing"><P><br />"The correction isn't over," the TD Bank analysts said, adding that prices have further to fall, particularly in "cities such as Los Angeles, Las Vegas, and Miami which saw the largest price gains."</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/afp/20080817/ts_alt_afp/useconomyhousing"><P><br />"The rising share of <SPAN id="lw_1218958213_3" class="yshortcuts">foreclosed homes</SPAN> in overall sales bodes negatively for home prices," said Ethan Harris, chief US economist at <SPAN id="lw_1218958213_4" class="yshortcuts">Lehman Brothers</SPAN>, who sees prices falling between 25 and 30 percnt in the correction phase of a cycle he sees ending in late 2009.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/afp/20080817/ts_alt_afp/useconomyhousing"><P><br />"The light at the end of the tunnel is a faint and distant one. Further, the risks to this outlook weigh heavily on the downside, with the main risk being the potential for financial markets to unravel further," said Celia Chen, <SPAN id="lw_1218958213_10" class="yshortcuts">director of housing</SPAN> economics at Moody's <A href="http://us.rd.yahoo.com/dailynews/afp/ts_alt_afp/storytext/useconomyhousing/28642541/SIG=10kqp6rlg/*http://Economy.com"><SPAN id="lw_1218958213_11" class="yshortcuts">Economy.com</SPAN></A>.<br /></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/1452ACE4-62CB-4B00-93BE-76E1BDF579E2/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-12669153971193207592008-08-15T09:01:00.001-07:002008-08-15T09:03:00.621-07:00A Bright Side to the Real Estate Mess?<div> I ran across an article that had a certain bright side (sort of) to the real estate downturn. It seems that it is keeping families together because they can't afford to sell their house at a loss. Now the reality is this is a big mess. If your relationship is over and you can't afford to sell the house to divide your assets I don't think this will make a happy home life. But maybe, just maybe, some of the couples will work through this hard time an come out stronger.<br /><br />Ok, I'm an incurable romantic.... </div><table style="border: 4px solid rgb(229, 229, 229); margin: 12px 0px; background: rgb(255, 255, 255) none repeat scroll 0% 0%; font-family: arial; color: rgb(51, 51, 51); -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial; width: 100%; clear: left;" cellpadding="0" cellspacing="0"><tbody><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:F8A04EB4-C0FA-4EDB-A8A1-726F393C6F4D:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px; background-color: rgb(255, 255, 255);"><div style="border-bottom: 1px solid rgb(220, 220, 220); white-space: nowrap; margin-bottom: 8px; background-color: rgb(238, 238, 238); background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: rgb(102, 102, 102); font-size: 10px;"><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/81b794fd-8355-4467-b915-cd4424a0d231/F8A04EB4-C0FA-4EDB-A8A1-726F393C6F4D/" alt="" style="border: medium none ; margin: 0px 4px; vertical-align: middle; display: inline; float: none;" width="19" border="0" height="19" /></a>clipped from <a title="http://www.nashuatelegraph.com/apps/pbcs.dll/article?AID=/20080815/BUSINESS/755041427" href="http://www.nashuatelegraph.com/apps/pbcs.dll/article?AID=/20080815/BUSINESS/755041427" style="font-size: 11px;">www.nashuatelegraph.com</a></div><blockquote style="border: medium none ; margin: 4px 0px 8px; padding: 0px 8px; background: transparent none repeat scroll 0% 0%; text-align: left; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;" cite="http://www.nashuatelegraph.com/apps/pbcs.dll/article?AID=/20080815/BUSINESS/755041427"><div>But lawyers and financial planners anecdotally say they are seeing more clients staying married – if only for the time being – simply because they cannot afford to break up.</div></blockquote><div style="border-bottom: 1px solid rgb(245, 245, 245); margin: 2px 4px; background: rgb(220, 220, 220) none repeat scroll 0% 0%; height: 2px; font-size: 2px; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;"></div><blockquote style="border: medium none ; margin: 4px 0px 8px; padding: 0px 8px; background: transparent none repeat scroll 0% 0%; text-align: left; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;" cite="http://www.nashuatelegraph.com/apps/pbcs.dll/article?AID=/20080815/BUSINESS/755041427"><div>“Truthfully, it’s a mess,” says Carol Chumney, a family-law attorney in Memphis, Tenn. “There are a lot of folks who want to get a divorce, and the house is an impediment because nobody wants it.”</div></blockquote><div style="border-bottom: 1px solid rgb(245, 245, 245); margin: 2px 4px; background: rgb(220, 220, 220) none repeat scroll 0% 0%; height: 2px; font-size: 2px; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;"></div><blockquote style="border: medium none ; margin: 4px 0px 8px; padding: 0px 8px; background: transparent none repeat scroll 0% 0%; text-align: left; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;" cite="http://www.nashuatelegraph.com/apps/pbcs.dll/article?AID=/20080815/BUSINESS/755041427"><div>Of course, not all divorcing couples are able to get along well enough to minimize their losses. “A lot of times both of them cannot agree on what to do,” Chumney said. “It can be a huge financial mess. In the past a lot of times folks wanted to keep the house, and lately, that’s not the case.”</div></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="padding: 0px; font-size: 11px; border-spacing: 0px;" width="100%" cellpadding="0" cellspacing="0"><tbody><tr><td style="border-width: 0px; padding: 0px; background: transparent none repeat scroll 0% 0%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;"> </td><td style="border-width: 0px; padding: 0px; background: transparent none repeat scroll 0% 0%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial; width: 107px;" width="107" align="right"><a href="http://clipmarks.com/share/F8A04EB4-C0FA-4EDB-A8A1-726F393C6F4D/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" alt="blog it" style="border-width: 0px; margin: 0px; padding: 0px;" width="107" border="0" height="17" /></a></td></tr></tbody></table></div></td></tr></tbody></table>Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-6111587428110354122008-08-12T13:16:00.001-07:002008-08-12T13:16:15.627-07:00Santa Rosa Home Sales for week of July 20<div > Real Estate sales in Santa Rosa are up for this week. Here is a selection of homes that sold in Santa Rosa California. </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:A5BD73DD-628B-4870-AA9F-0DC0F68F219F:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/d5cd56dd-ae82-48eb-b0e9-16e6d738832b/A5BD73DD-628B-4870-AA9F-0DC0F68F219F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20" href="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20" style="font-size: 11px;">www.pressdemocrat.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>170 Sotoyome St., $1,050,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>1788 Cooper Drive, $240,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>519 W. Eighth St., $290,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>300 Stony Point Road, $150,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>2500 Campbell Drive, $298,645</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>706 W. Jasmine Circle, $220,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>609 Dillon Lane, $285,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>3530 Fir Drive $400,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>1826 Arroyo Sierra Circle, $310,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>310 Mockingbird Circle, $430,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>431 Pythian Road, $610,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>128 Mountain Vista Circle, $390,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>9470 Oak Trail Circle, $670,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>6011 Melita Glen Place, $1,025,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>1730 Hopper Ave., $472,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>2398 Battersea St., $290,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>1014 Kenmore Lane, $169,500</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>453 Nikki Drive, $280,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>2336 Providence Court, $310,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>2443 Lemur St., $379,500</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>2946 Sweet Grass Lane, $365,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>1722 Burgundy Place, $259,500</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>2454 Micawber Lane, $293,500</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>1400 N. Dutton Ave. 15, $525,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>465 Flower Ave., $172,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>1417 Miras Lane, $261,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>276 Firelight Court, $312,500</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>243 Anteeo Way, $210,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>3275 Apricot Lane, $250,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>1013 Center St., $315,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>1080 Ruby Court, $245,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>1488 West Ave., $590,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>2672 Arrowhead Drive, $265,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>2616 Barndance Lane, $310,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pressdemocrat.com/article/20080810/NEWS07/808100356/-1/realestate&title=Sales_for_the_week_of_July_20"><P>312 Gate Way, $195,000</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/A5BD73DD-628B-4870-AA9F-0DC0F68F219F/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-37300563484299867482008-08-08T08:45:00.001-07:002008-08-08T08:45:23.632-07:00Santa Rosa Real Estate May Feel the Fannie Pinch<div > Fannie Mai just posted larger than expected losses and essentially got out of the Alt-A mortgage market. This will translate into tighter standards for borrows which has downward pressure on home prices. </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:30540416-3994-4E4B-AB62-7E643194E810:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/6cf26838-b118-411c-a1f4-4cc81aa96d8e/30540416-3994-4E4B-AB62-7E643194E810/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://biz.yahoo.com/ap/080808/earns_fannie_mae.html" href="http://biz.yahoo.com/ap/080808/earns_fannie_mae.html" style="font-size: 11px;">biz.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://biz.yahoo.com/ap/080808/earns_fannie_mae.html"><P><br />Fannie Mae is raising fees, which will be passed onto borrowers as higher interest rates, and abandoning "Alt-A" borrowers because those loans are defaulting at an alarming rate. These high-risk loans -- made to borrowers with solid credit but little proof of their income, or small or no down payments -- made up about 11 percent of Fannie's portfolio but accounted for more than half of its credit losses in the quarter.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://biz.yahoo.com/ap/080808/earns_fannie_mae.html"><P>If Freddie Mac follows Fannie Mae and stops buying Alt-A loans, "it means that market is not going to exist at all. It's barely hanging on now," said Guy Cecala, publisher of Inside Mortgage Finance, a trade publication.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/30540416-3994-4E4B-AB62-7E643194E810/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-84382206343920584532008-07-28T12:28:00.001-07:002008-07-28T12:28:28.021-07:00New Financial Product to Free Up Mortage Financing<div > US Treasury Secretary Paulson announced today that the four largest US banks are prepared to create a market for a new kind of product to help free up liquidity in the mortgage market. This type of action is needed to get the Santa Rosa real estate market going again. </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:87664A27-049E-4A4D-83DD-7326A159DA8E:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/33bfa5f1-40ff-44ed-88f6-39fbd5db2de1/87664A27-049E-4A4D-83DD-7326A159DA8E/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://biz.yahoo.com/rb/080728/usa_financial_bonds.html" href="http://biz.yahoo.com/rb/080728/usa_financial_bonds.html" style="font-size: 11px;">biz.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://biz.yahoo.com/rb/080728/usa_financial_bonds.html"><P> Covered bonds, issued by banks and secured by pools of <br />assets like home loans, are widely used in Europe but have only <br />become attractive in the United States since the segment of the <br />mortgage securitization market driven by investment banks dried <br />up last year amid a wave of foreclosures.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://biz.yahoo.com/rb/080728/usa_financial_bonds.html"><P> He said that Bank of America (NYSE:<A href="http://finance.yahoo.com/q?s=bac">BAC</A> - <A href="http://finance.yahoo.com/q/h?s=bac">News</A>), Citigroup (NYSE:<A href="http://finance.yahoo.com/q?s=c">C</A> - <A href="http://finance.yahoo.com/q/h?s=c">News</A>), <br />JPMorgan Chase (NYSE:<A href="http://finance.yahoo.com/q?s=jpm">JPM</A> - <A href="http://finance.yahoo.com/q/h?s=jpm">News</A>) and Wells Fargo (NYSE:<A href="http://finance.yahoo.com/q?s=wfc">WFC</A> - <A href="http://finance.yahoo.com/q/h?s=wfc">News</A>) said they intend <br />to establish covered-bond programs "and kick-start this market <br />in the United States."</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/87664A27-049E-4A4D-83DD-7326A159DA8E/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-91624690911072279512008-07-22T13:28:00.001-07:002008-07-22T13:28:50.058-07:00Sonoma County Foreclosures Dip Slightly<div > California foreclosures rise at 6.6% but Sonoma County drop by 1.1%. Still too early to tell if this is the bottom as the numbers are very high when compared to year over year. </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:8B38CC81-8D72-42C5-87DC-7E2D3878FD0C:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/cc97fa11-0932-4805-a3d8-f11c05a69bcb/8B38CC81-8D72-42C5-87DC-7E2D3878FD0C/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www1.pressdemocrat.com/article/20080722/NEWS07/12161312/1033/news&title=Foreclosures_leveling_off_" href="http://www1.pressdemocrat.com/article/20080722/NEWS07/12161312/1033/news&title=Foreclosures_leveling_off_" style="font-size: 11px;">www1.pressdemocrat.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080722/NEWS07/12161312/1033/news&title=Foreclosures_leveling_off_"><DIV><br />Foreclosure activity showed signs of leveling off in Sonoma County during the second quarter even as it continued to spiral to unprecedented highs in other parts of the state, according to a study issued Tuesday.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080722/NEWS07/12161312/1033/news&title=Foreclosures_leveling_off_"><P>Lenders sent 1,376 default notices to Sonoma County borrowers who fell behind on their mortgages, down 1.1 percent from the first quarter, when lenders issued 1,392 default notices, according to DataQuick Information Systems, a real estate research firm.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/8B38CC81-8D72-42C5-87DC-7E2D3878FD0C/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-40800285201093190322008-07-22T13:12:00.001-07:002008-07-22T13:12:50.156-07:00Santa Rosa Home Sales for Week of June 29<div > A list of homes sold in Santa Rosa for the week of June 29. </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:D9B50B9F-DB8D-4E87-89FB-4C4DFEEBBE43:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/a880940c-4500-4d76-bea5-6e03fc3b5a16/D9B50B9F-DB8D-4E87-89FB-4C4DFEEBBE43/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29" href="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29" style="font-size: 11px;">www1.pressdemocrat.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>721 Mill St., $285,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>713 Trowbridge St., $230,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>510 Duncan St., $320,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>1617 Clover Lane, $372,500</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>3619 Yale Drive, $360,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>1615 Solano Drive, $349,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>2810 Sioux St., $250,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>2728 Navajo St., $205,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>6413 Meadow Creek Lane, $535,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>405 Oak Brook Place, $770,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>429 Oak Vista Drive, $719,100</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>9432 Oak Trail Circle, $682,972</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>2065 Tebow Court, $425,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>2365 Redoak Drive, $428,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>2348 Maria Luz Court W., $325,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>2322 Jose Ave., $295,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>1373 Peterson Lane, $411,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>421 Manka Circle, $310,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>439 Ashwood Drive, $200,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>323 Anteeo Way, $235,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>2145 Fairfax Place, $370,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>2155 Onyx Way, $305,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>1232 Comalli St., $430,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>1390 Funston Drive, $292,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>4455 Hall Road, $380,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>115 Coronation Drive, $350,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>2077 Banjo Drive, $360,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>1839 Bancroft Drive, $300,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>1308 Starview Drive, $260,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>1906 Greeneich Ave., $295,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>2822 Audubon Court, $305,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>3490 Bonita Vista Drive, $500,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>3823 Rocky Point Way, $734,000</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>2319 Northwood Drive, $348,181</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>556 Silva Ave., $337,500</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www1.pressdemocrat.com/article/20080720/NEWS07/807200360/-1/realestate&title=Sales_for_the_week_of_June_29"><P>2126 Orchard St., $400,000</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D9B50B9F-DB8D-4E87-89FB-4C4DFEEBBE43/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-25858440409184076272008-07-22T13:08:00.001-07:002008-07-22T13:08:21.145-07:00Foreclosures Continue to Rise<div > The Santa Rosa real estate market is not immune to the foreclosure crisis that has infected California. With median home prices falling and more foreclosures on the horizon there won't be a bottom till next spring. If you are thinking of buying a home, be sure to save as much as you can and keep your dept low, there are deals to be had on Santa Rosa homes. </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:7647BCD2-9A62-4302-AB41-2084CA8A4D9D:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/f0e8701c-3eaf-49b2-a2dc-e580974d3012/7647BCD2-9A62-4302-AB41-2084CA8A4D9D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://biz.yahoo.com/ap/080722/california_homes_foreclosures.html?.v=3&.pf=real-estate" href="http://biz.yahoo.com/ap/080722/california_homes_foreclosures.html?.v=3&.pf=real-estate" style="font-size: 11px;">biz.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://biz.yahoo.com/ap/080722/california_homes_foreclosures.html?.v=3&.pf=real-estate"><P>In all, some 63,061 homes were lost to foreclosure in the second quarter -- the most in any quarter since 1988, when the firm began tracking foreclosures.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://biz.yahoo.com/ap/080722/california_homes_foreclosures.html?.v=3&.pf=real-estate"><P>Foreclosures, measured by the number of trustee deeds recorded, increased about 33 percent from the previous quarter and jumped 261 percent versus the same quarter last year.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://biz.yahoo.com/ap/080722/california_homes_foreclosures.html?.v=3&.pf=real-estate"><P>Notices of default, meanwhile, more than doubled in the second quarter to 121,341 loans on a total of 118,020 homes, compared to the year-ago period.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://biz.yahoo.com/ap/080722/california_homes_foreclosures.html?.v=3&.pf=real-estate"><P>Most of the home loans that slipped into default in the most recent quarter were made between September 2005 and November 2006, as air came out of the housing bubble.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7647BCD2-9A62-4302-AB41-2084CA8A4D9D/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0tag:blogger.com,1999:blog-20997598798899401.post-75143491068404683082008-07-21T13:17:00.001-07:002008-07-21T13:17:21.107-07:00Quick Tip When Buying Foreclosures<div > Whether it's Santa Rosa CA or anywhere USA, seems like everyone is talking about buying real estate foreclosures. There are deals to be had, just be careful. </div><table cellpadding="0" cellspacing="0" style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><tr><td valign="top"><!-- BEGIN_CLIP_CONTENT ID:BFD2B29C-666D-4A84-A839-0EF76BCD3739:0 CLIPMARKS.COM --><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="clipmarks' clip-to-blog"><img src="http://content.clipmarks.com/blog_icon/3bdf2631-e436-4772-9216-138a33ccd6be/BFD2B29C-666D-4A84-A839-0EF76BCD3739/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://finance.yahoo.com/real-estate/article/105226/How-to-Buy-a-Foreclosure" href="http://finance.yahoo.com/real-estate/article/105226/How-to-Buy-a-Foreclosure" style="font-size: 11px;">finance.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/real-estate/article/105226/How-to-Buy-a-Foreclosure"><P>Buying at a public auction is the most common type of foreclosure purchase. Buyers can expect a discount of 10% to 25% compared with <SPAN id="lw_1213222045_18" class="yshortcuts">buying a home</SPAN> through traditional channels, says Dean Street, an agent and 30-year veteran of foreclosure buying in the western U.S. But the road to auction can be bumpy, too. For starters, you often cannot inspect the interior of the home. Street says it's vital to see the property even if you can't gain entry. "If there is 300 pounds of garbage in the front yard, there is probably 600 pounds inside," he says. One way to research the interior is to check the local building department's permit records, or have your agent see if a recent listing has information on appearance, layout and previous remodelings.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/BFD2B29C-666D-4A84-A839-0EF76BCD3739/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></td></tr></table> Raz Buryhttp://www.blogger.com/profile/01714263213252706266noreply@blogger.com0