As foreclosures rise, so do opportunities.
In the midst of housing market slump “foreclosure” is becoming more common word in our vocabulary. For some people, foreclosure means misfortune and for others, it can mean opportunity.
While the crisis continues, real estate brokers and mortgage lenders see the problem as potential opportunity for buyers. Of course, the […]

Homeownership, the bedrock of the American Dream, is a bit of a nightmare these days for many first-time home buyers.
Lenders are demanding higher credit scores, mandating private-mortgage insurance on many more loans, and requiring larger down payments. Fewer first-timers qualify for the house they want, or they’re paying a larger monthly amount to own […]

In February of 2008, the Oregon Legislature passed SB1080, a bill that prevents illegal immigrants from obtaining an Oregon driver’s license. This bill was passed to prevent driver’s license fraud, as well as to comply with the first steps necessary for homeland security regulations.
Basically this bill requires that prior to issuing, renewing or replacing a […]

Here’s the latest Fast Facts update from the SFAR. Updates are provided almost weekly and each week is a different sector of the market (ie. Condos, Single Family Homes, 2-4 unit dwellings, etc.).
Check back next week for more statistics.  

Fast Facts
 
 

2-4 Units

District 1

March 2007

March 2008

Number of Sales

15

4

Median Selling […]

Rising housing values and lack of inventory challenge first-time buyers, says RE/MAX

“Homeownership continues to be primary objective” KELOWNA, BC, April 22 /CNW/ -While higher housing values and tight inventory levels have hampered home-buying activity so far this year, longer amortization periods and alternative housing types have offset the impact on most major markets across […]

Homeownership can provide some amazing tax benefits! The IRS enables you to deduct the interest on a first-time home purchase or home equity loan in the year the loan is made. Another way to save is to consolidate debt via a home equity loan because interest from a home equity loan is tax deductible, but […]

Subprime loan delinquencies have stabilized after their torrid run-up in late payments according to the latest remittance reports. This is obviously a positive sign for the housing market as fewer 60-day delinquencies mean fewer eventual 90-day delinquencies and NOD’s. While analysts caution against over-reaching in the importance of the improvement they do […]

Bank of America announced that it plans to work-out approximately $40 billion of loans in trouble at Countrywide as part of it’s acquisition of the failed mortgage lender. BofA estimates that the $40 billion will result in a little over a quarter-million homeowners keeping their homes instead of losing them to foreclosure.
From the Pacific […]

Toronto ranks as number 51
The third annual list of Canada’s Best Places to Live has just been published by Canadianbusiness.com. The list is designed to help measure as many different aspects of a community living as possible. You can use their findings in several ways. Perhaps you’re planning to relocate. Perhaps you’re looking to invest […]

So - I was browsing the blog-o-sphere like I often do, looking for fun stuff about San Francisco and about SF Real Estate when I ran across FriscoVista’s “Top Ten Classic Frisco tunes”. 
And as one thing often leads to another, I found one of FriscoVista’s older posts where he (the blog author) took a SF […]