A home in Sunnyvale set the highest record price per square foot ever recorded in the Multiple Listing Service. The home sold for $2,358 per square foot!!! The small unassuming house sold in 2 days for $2 million a whopping $550,000 over asking price. It had been Continue Reading
Mortgage Rates Touch 4 Year High
Rates for a home loan have reached a 4 year high as benchmark bonds take a hit, as well as investors waited to see the minutes from the Federal Reserve meeting. A 30 year fixed rate mortgage averaged 4.4% during the week ending February 22nd, 2018 rising from 4.16% Continue Reading
Tax Bill and the Effect on Housing
Now that we have moved into the New Year, it's time to start thinking about taxes. With the recent tax bill passing I am sure you are are wondering, what is this going to look like on my taxes for 2018. Ephraim Schwartz and Teresa O'Dette with O'Dette Mortgage Continue Reading
How to Sell Your Home During the Holidays
Are you wondering how you could possibly put your home on the market during the holidays, while you between celebrations, school vacations, and even family visits. You might even consider this being a terrible time. However, sellers could benefit greatly by using Continue Reading
Larry Ellison Bay Area Billionaire Is Buying the Cal Neva Resort & Casino
The founder of Oracle Corporation Larry Ellison is purchasing the historic but rundown Cal Neva Resort & Casino for 35.8 million dollars. He was the only bidder for the aging hotel and casino since it's series of owners since its famous Sinatra days. Continue Reading
Truckee and Lake Tahoe Real Estate Weathers Record Breaking Winter
Truckee and Lake Tahoe real estate weathers a record breaking winter. This is no shocker or surprise, especially if you have visited the mountains recently. At the beginning of the year the Sierra's were pummeled with back to back blizzards. With reported Continue Reading
Federal Funds Rate Increases by 0.25%
On March 14-15th the Fed Funds Rate increases 0.25 percent, while wholesale inflation and Housing Starts heat up. As we have been hearing in the news lately about the Fed Fund rate increases, they moved forward with the rate increase. What does this mean Continue Reading
TRPA Approves Tahoe Basin Area Plan
On January 25th, 2017 according to a Press Release the Tahoe Regional Planning Agency approved the Tahoe Basin Area Plan, Lodge Project- "To help address Lake Tahoe’s affordable housing crisis, the area plan allows property owners to build secondary dwelling units, or Continue Reading
Price Break on Mortgage Insurance
Finally....with all the changes since the election, it's nice to hear some positive news. For first-time home buyers this is great news, especially if you did not have 20% down. You might actually see a little decrease in your mortgage insurance. This can Continue Reading
Proposition 8
Tomorrow, November 8th is the election day. Have you already voted? As most of you know this upcoming election is very important. Make sure to review you ballot carefully before you go and vote. Proposition 8 was approved by voters back in November 1978, after they Continue Reading
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