San Francisco Bay Area Home Prices Reach a New Post-Recession High

San Francisco Bay Area Home Prices Reach a New Post-Recession High

Typical late Spring trends are playing out for the San Francisco Bay Area right now, as sales volume has continued to pick up recently and inventory and sales volume have both nearly doubled since the beginning of the year.  The median price paid for a home in the Bay Area also rose to a new…

Beware of Real Estate Investor Scams

Beware of Real Estate Investor Scams

No money down! Make a Million Dollars Now! No-risk investment!  Maybe you’ve heard come-ons like this, or similar ones, offering you the chance to learn how to become rich overnight through real-estate investing?  The main reason that real-estate investments attract newcomers is that debt is an accepted tool for doing business. Thus, you can get into…

San Francisco Bay Area Seller’s Market Continues Amid Typical Spring rise in Sales and Inventory

San Francisco Bay Area Seller’s Market Continues Amid Typical Spring rise in Sales and Inventory

The 2014 San Francisco Bay Area home buying season is now in full bloom and new listings, sales, and home prices continue to rise. Home prices have continued their upward momentum over the first few months of 2014, the result of continued low historic mortgage rates, a strong San Francisco Bay Area economy, and a…

The Illegal and Unsavory Practice of Referrals and Kickbacks in the Real Estate and Mortgage Industry

The Illegal and Unsavory Practice of Referrals and Kickbacks in the Real Estate and Mortgage Industry

The one that bothers me a lot is the practice of paying referral fees to unlicensed people (friends, co-workers, family members, etc).  In most cases, this practice is illegal and for good reason. As you know, buying a home and obtaining a mortgage is complicated and many consumers rely on real estate agents and mortgage…

Do I Need 20% Down to Buy a House?

Do I Need 20% Down to Buy a House?

Many First Time home buyers think that they need 20% to buy a home. Technically speaking, this isn’t true.  Although 20% “is” the minimum down payment for a loan “without mortgage insurance”,  there are many conventional loan programs out there to facilitate home purchases with as little as a 3.5% down. However, most home buyers…