June 2008 Bay Area Home Sale Activity reported in the San Francisco Chronicle show that sales are up in cities that have been hit hard by foreclosures. The chart below shows comparison of number of the sales to last years sales for the month of June and is reporting resale single family residences and […]

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Your kids (or family members) need a little help with the down payment to get them into the world of home-ownership. You have a lot of equity just sitting in your house “Lazy Money” and need a place to invest it that will offer security and good potential gains. The stock market is not appealing […]

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Know before you Go! Buy or Refinance.
1. Pay all bills on time each month. 30-day late payment can affect your credit score up to 107 points.
2. Do not quit your Job while in a Real Estate transaction.
3. Do not open or close any accounts, Do not purchase an Automobile (while in a real estate transaction […]

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The following chart shows the current real estate market data available today from the Contra Costa MLS. Click on a link to view the current listings of REOs (real estate owned or bank owned properties) in Concord, Clayton, Martinez, Walnut Creek, Pleasant Hill, Lamorinda area, Brentwood, Bay Point, Antioch and Pittsburg.

All Homes for Sale […]

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This new bill feels very similar in theory to the same one passed this year in the stimulus package that “raised” the conforming loan limit to $729,00 in many “high cost areas” like those found in California. The theory is good, but not many homeowners found it practical to take advantage of because of […]

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Contributed by:
Brian Schaefer
Sr. Mortgage Consultant
RPM Mortgage – Walnut Creek, CA
The House recently passed a $300 billion housing rescue bill designed to help troubled homeowners avoid foreclosure. The goal is to provide at-risk borrowers the ability to refinance their current unaffordable mortgage into a new low-cost fixed-rate loan insured […]

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Low interest rates are one good reason to purchase a home today along with the fact that we are experiencing a strong buyer’s market in the east bay real estate market. I asked Brian Schaefer, senior loan consultant with Residential Pacific Mortgage in Walnut Creek about the future of interest rates. He […]

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The home prices in Martinez, Concord and Pleasant Hill under $400,000 are selling on an average of 3.23% less than the asking price. This analysis includes properties that were closed sales after 3/1/2008. The chart below details the analysis with single family homes in Concord zip codes 94518, 94519, and 94521 and showing […]

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