September 10th, 2006 . by Mike Kelly
Today on the show is a mixed bag. We’ll be talking home pricing (what else is everyone talking about!!). Plus my “Tales from the Trenches”–it’s getting to be a war out there! But here is a link to a study by the OFHEO which you must read! The Study is by the Office of Federal Housing Enterprise Oversight (Whew! Say that fast 7 times!). I’ve quoted this web site many times in the past on the radio show. It is a portend of things to come. These are the folks who had the landmark study stating that many “Boom” markets don’t bust at all but go on long “flat” runs and then eventually take off again. But go to Lou Barnes column today and read his “take” on this data. It is eye-opening. I’ll touch on it and give you my “local” take on the show. Read the rest of this entry »
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September 3rd, 2006 . by Mike Kelly
This week on “The Real Estate Show”, 1350AM, KSRO, 9 to 10AM: Yes, College Football is in the and on the Air! And as usual we’ll have the “biggest Blow-out” of the weekend! It’s usually a Super Big Ten team playing Northen Idaho Tech! I just had to turn my head from the Cal score!! Number 9 and falling!
The affable Mr. Pete Phillippee is in studio to discuss qualifying for home loans and what the current “slide” in rates means long term to us all. If you wish to get a hold of Pete call him at: 707-521-4400(office) or 707-481-2737(cell)
Lou Barnes column for this week starts out:
The two-month-long bond rally has hit bottom. It’s been fun: From a peak at 5.24%, the 10-year T-note made it to 4.73% yesterday, which has taken mortgages from just below 7% to just below 6.50%. Read the rest of this entry »
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August 26th, 2006 . by Mike Kelly
A TIC is the abbreviation for “Tenants In Common”. This is a way to hold an investment property with many other investors. The IRS recently allowed investors to “exchange” into a TIC. Your position is one of many investors, at different levels of equity ownership, who own a larger property than they could afford by individually investing. We will be discussing with Brad Hensley.., Read the rest of this entry »
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August 18th, 2006 . by Mike Kelly
As a Realtor here in Sonoma County for 28+ years the interesting thing about this “slump” or “market correction” ( I won’t use the “B” word-as is Bubble or Bursting!) is the huge amount of vacant listings. We have over 3200 listings currently on the market in Sonoma County (Single Family detached and condos) and some 1100 are now vacant. Throw in another 250 of “tenant occupied” and you’ve got a prime case of major profit taking. Read the rest of this entry »
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August 18th, 2006 . by Mike Kelly
In for the ever smiling Pete Phillippe of Countrywide Home Loans will be Rich Colenzo also of Countrywide Home Loans. Rich has expertise in more “complicated” properties and properties where a “jumbo” loan is needed. By this I mean properties with large acreage, septic systems, wells, mutal water, springs, vineyards, etc. He is a Sr. Home Loan Consultant and his numbers are: 800-675-9778, Direct local: 707-521-4419, Cell:707-888-2523 and Fax: 568-1321. You can email Rich at: Richard_Colenzo@Countrywide.com.
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August 15th, 2006 . by Mike Kelly
This is my initial post and since I’m new to blogging I’m going to spell out what it is I wish to accomplish by having this “blog”. As you might well know I have a weekly real estate show called, are you ready? “The Real Estate Show”. Catchy huh! I am live and on the air every Sunday morning, 9 to 10am, on 1350AM, KSRO Newstalk radio. The station calls itself the “Voice of Sonoma County” and I refer to myself as the “Voice of Sonoma County Real Estate”. So logically the tag line is: “The voice of Sonoma County Real Estate on the voice of Sonoma County”.
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