November 2009

There are 6 blog entries for November 2009.


Rates have remained steady for the past two weeks at levels about .25% above all-time record lows. This despite the Fed’s easing off of mortgage bond buying. This past week the Fed bought $13.5b of mortgage bonds, the lowest amount since Week 1 of the program in January. The weekly averages have been $20-25b per week, and this has been the primary driver of low rates. Now we’re seeing the first signs of the Fed easing off their purchases to stretch their budget between now and March 30.

Below are concise summaries of three key regulatory updates that homebuyers and owners need to know. Attached is a revised version of my FHA Q&A to reflect the new February 1, 2010 FHA condo ‘spot approval’ deadlines noted below.


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Village Square, where an exceptional midtown San Jose setting meets beautifully designed townhome style condos – for the best of San Jose living, from SummerHill Homes developers.

Stylish Living in Midtown San Jose

Village Square’s setting puts you in the heart of everything you need. Just blocks away are shopping and other services. A short drive to the east will bring you to downtown San Jose near the San Jose State University, and HP Pavilion. To the west, and you will reach Westfield Valley Fair  and Santana Row – popular shopping and dining destinations. And, with highways 101, 17, 87, 280 and 17 just moments away, Village Square has quick access to the rest of the Bay Area.

Live, Work, or Play at Village Square in San Jose


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How much home can you afford?

June 28, 2006
Dallas Morning News

Morris Communications

Whether you can afford the home you've always wanted will boil down to a simple factor: How much you make versus how much you owe.

Lenders are not eager to extend loans to borrowers who will become overloaded by taking on more debt, so there are some general guidelines to keep in mind when pursuing a home loan.

Determine your monthly gross income, which includes regular monies that can be documented. Remember that income that can't be documented can't be used to qualify for a loan. However, unearned sources, such as alimony and lottery payments, can be used as well as income-producing assets, such as stocks or

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Dallas-Fort Worth home sales score double-digit gain

07:37 AM CST on Tuesday, November 10, 2009
By STEVE BROWN / The Dallas Morning News

Pre-owned home sales in North Texas were up 11 percent in October from a year ago – the first year-over-year gain since September 2008 and the best sign yet that the local housing market has turned the corner.

Real estate agents sold more than 6,300 single-family homes through the Multiple Listing Service last month, according to numbers released Monday by the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.

October's increase was only the second year-over-year rise in home sales in three years.

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Homebuyer Tax Credit Extended and Expanded!


Tax Credit for First-Time Homebuyers

FTHBs (that is, people who have not owned a home within the last three years) may be

eligible for the tax credit. The credit for FTHBs is 10% of the purchase price of the home,

with a maximum available credit of $8,000.

Single taxpayers and married couples filing a joint return may qualify for the full tax credit


Tax Credit for Current Homeowners

The tax credit program now gives those who already own a residence some additional

reasons to move to a new home. This incentive comes in the form of a tax credit of up to

$6,500 for qualified purchasers who have owned and occupied a primary residence for a

period of five consecutive years during

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Well the time has finally come. has partnered with other motivated and successful Realtors including Scott Phillips and Mark Lastition (formally of Howard Hanna) and Jake Lohser, to open a downtown Keller Williams real estate office in the heart of the warehouse district!

This is an extremely unique venture for more than a few reasons.  My partners and I are extremely invested in the communities in and around Cleveland that we intend to represent.  We all came together because our vision of Cleveland's future involves growth, innovation and everything positive.  We intend to help people see this for themselves if they haven't already.  If you don't believe me, stop by our office at 635 W. Lakeside after December 1st and you will…
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