Halfway through the NFL Season and decided to go back and look back at the predictions at the beginning of the season. I am glad to say my game picks are working out better. Read the rest of this entry »
The Santa Barbara Assoc. of Realtors put out this information some time ago. They gleaned it from some fearless prognosticators over the past 60 years. It pays to keep the current market in perspective! Some of these forecasts are a bit off the mark!
The prices of houses seem to have reached a plateau, and there is reasonable expectancy that prices will decline.” (Time, December 1, 1947)
“Houses cost too much for the mass market. Today’s average price is around $8,000—out of reach for two-thirds of all buyers.” (Science Digest, April 1948) Read the rest of this entry »
I don’t think you want to be selling your home, say, in Orange County, California, with an “Impeach Bush” sign in the front yard. Or maybe that’s WHY you’re selling your house in Orange County!! Read the rest of this entry »
Where has the football season gone? Read the rest of this entry »
This message is from Trout Unlimited of which I’m a lifetime member. Just a little bit of energy savings can make a huge difference.
Folks in salmon and steelhead states and our neighbors all know that our fisheries have shouldered most of the burden in providing the electricity produced by dams. Read the rest of this entry »
Post this down at “snout” level on your kitchen door!
Dear Dogs and Cats,
The dishes with the paw prints are yours and contain your food. The other dishes are mine and contain my food. Please note, placing a paw print in the middle of my plate of food does not stake a claim for it becoming your food and dish, nor do I find that aesthetically pleasing in the slightest. Read the rest of this entry »
ROUT OF THE WEEK: Its getting harder to find these games as the big boys are finally playing who they are suppose to for the most part. Read the rest of this entry »
Interesting forecast and number: 38%. Not 35% or 40% but 38%! I would love to see their assumptions to arrive at such an exact number. My criterion for price drops centers around the “shaking out” of the loan debacle. We just had Chris Thornberg of Beacon Economics, formerly of the Anderson School at UCLA; speak at a breakfast here in Sonoma County. His take is the mortgage implosion will bring down the house of cards buoyed largely by unsustainable lending which originated in the past three years. 
The height of the “re-casting” of these loans will be third quarter of 2008. So 2009 will be a very interesting year!! . He is predicting a 35% drop from the high of the market which matches the date set by Fortune. However, this is centered in the price segment where the largest incidents of unscrupulous “incentive based” lending occurred and that price point for Sonoma County is $400-$750,000. Mr. Thornberg’s record for predictions is very, very good. He stated further we have a 75% chance of a recession at this time. On the flip side, the California Assoc. of Realtors chief economist, Leslie Appleton-Young, is predicting 4% fall in prices next year. I think what we have here are the two “extremes”! Leslie is in fairytale land and Mr. Thornberg has California falling into the ocean! In our area we’ve seen some neighborhoods unaffected and some with 20-30% price drops! I think making One million dollar offers on two Million Dollar homes is a bit silly and very paranoid but 20-30%? Who knows? In lovely Marin you’d get laughed out the door with anything BUT a full price and sometimes OVER bidding! Why? Resources, supply and demand, location, location, location!
Seek out your LOCAL Realtor, get LOCAL data and make an offer based on this LOCAL information. The “Cheerleaders” we now have in our industry are doing just as much damage as those predicting Armageddon!! As usual we have middle, realistic ground which needs to be sought.
Not much of a change as we move into the last regular season game of the 2007 season. Below the ratings is how the seedings for the NCS 3A playoffs look. Read the rest of this entry »
Rates as of 11/2/07
Now is a great time to purchase a home! With so much to choose from, and rates still low! Ask me how to finance your deals! Today’s rates quoted are a small sample of current rates. Give me a call for more information about different rates, loan products and requirements! (707) 284-2718
Conforming fully amortized interest only
30 year fixed 6.125% 6.375% Read the rest of this entry »
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