Santa Rosa,Sonoma County Real Estate Radio Show! Now broadcasting on the web!

The Real Estate Hour, on air real estate expert Mike Kelly’s weekly real estate talk show, is now being “web-casted” at www.KSRO.com every Sunday from 9 to 10am PST. You can visit the radio show’s blog at www.MikesRealEstateShow.com and see which guests are coming up, who’s been on the show plus watch past shows in video format. Thinking of challenging your latest property tax assesment? Then go to the blog and see Bill Rouseau, Chief Deputy Tax Assesor and his explanation on how to do this.
Want to get the latest …

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REO’s and Short-Sales + New Home Sales rule the roost!

Welcome! As a leading Realtor of 30+ years here in Sonoma County I’ve always strived to “know my numbers” when it comes to the local marketplace. My latest analysis of the August data points out a few remarkable trends. Yes, this is a “post-foreclosure” marketplace but only on the “Sales” side of the equation. Huh? It’s like this–the Real Estate Owned or REO market, “post-foreclosure” or after the banks gotten the property back is only 17% of our “Active” listing which number close to 2500 here in Sonoma County BUT–the big news? They make up over 43% of …

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Blog Probes Real Estate Models

www.REALonomics.net is a blog that is asking serious questions about where the real estate industry is going. More specifically, REALonomics poses challenges to the broker/owners to adopt models that will allow their organizations to become more transparent.REALonomics.net advocates that the industry open up the property information portals to consumers and upgrade its approach to how it is interacting with the consumer by implementing more social networking such as www.CityBlogUSA.com, a community blogging network for every city in the USA.Visit www.REALonomics.net.

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Question: Who determines interest rates?

Answer: The market.

This is an instructive article to help explain why further Fed rate cuts may not result in lower interest rates (highlights are mine and I have added some small editorialized remarks as well – just can’t help myself). If any of this does not make sense to you or if you would just like to discuss this so you feel educated enough to have a conversation with your friends or clients – give me a call and let’s chat.
Gary Gottlieb
707 328 3586

Bernanke Fails to Cut Rates for Most Americans With Easy …

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MORTGAGE UPDATE

Lisa asked me to participate with this blog by posting the weekly market update I send to my clients and business partners. My plan is to post these updates once a week, so come back every week to check out the most current one.

I hope you find it usefull and feel free to contact me or Lisa if you have any questions…

Enjoy…

Loose Lips, Bond Slips

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New Report on Selling Property is now Available

Today, the Marketing Masters of Sonoma County published a report on ‘How to Successfully Move in a Tough Market’. For a free copy, please contact Lisa Thomas at 707-579-LISA.

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More on Today’s Real Estate Market

On Tuesday of this week, the Feds slashed the Federal Funds rate and the Discount rate by three-quarters of a percentage point. This move is a positive sign for homebuyers as well as homeowners with adjustable rate mortgages – the cut puts more downward pressure on mortgage rates. Rates have been moving down for several months now and Tuesday’s cut helps to continue this movement. Lower rates increase the affordability of homes. In addition, this week we had an Economic Stimulus Package that was announced from our nation’s capitol which, in addition to cash payouts to …

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What’s the Fed’s cut mean for me?

The Federal Reserve lowered its federal funds to 3.5 percent from 4.25 percent, which impacts how much consumers pay on credit card debt, home equity lines of credit and auto loans. This marked the biggest one-day rate move by the central bank since it cut its discount rate by a full percentage point in December 1991, a period when the country was struggling to get out of a recession. The rate cut is designed to stimulate the economy, which includes the housing market, by:

Helping more individuals qualify for loans and increasing an individual’s purchasing power; and
Positively impacting home equity lines …

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Huge Interest Rate Drop!

The Fed surprises with an aggressive 75 basis point inter-meeting cut in the Fed Funds target rate, bringing the policy rate down to 3.5 percent – which makes our Prime Rate 6.50% and this will have an immediate impact on HELOCs. The Fed concurrently cut the discount rate 75 basis points bringing that borrowing rate down to 4.0 percent.

The Fed is responding to an economy and financial system going into cardiac arrest. This will require emergency room style policy action from the Fed.

The timing of the cut was surely meant to help shore up investor confidence at …

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Equus 2008 Award Ceremony

This year’s Equus Awards, put on by the Sonoma Horse Council, will be held on March 15th at the Flamingo Hotel in Santa Rosa. Every year, the Sonoma Horse Council honors those horsepeople among us who have contributed their time, effort and talents to the wider equestrian community, particularly those people who are doing good things for the horses. This year’s honorees will be announced soon, but for now, save the date. This is the only real gala event that our sport hosts each year and is a great time to see what all our equestrian friends look like dressed …

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