Monthly Archives: May 2013

State and Investors Accuse San Francisco Broker of Fraud

advertisement A prominent San Francisco real estate broker could lose his license after the NBC Bay Area Investigative Unit uncovered what his investors call a decade of deception.   The broker attracted more than a dozen investors to false promises of … Continue reading

Posted in SF Bay Area News | Tagged , , , , , , , , , , , , | Leave a comment

Record High New Home Prices Have Room to Grow

Supplies of new and existing homes are at levels not seen since the frenzy of the last housing boom. The phenomenon is national and not just relegated to the former boom markets. April listings were down 41 percent from a … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Homes Selling at Fastest Pace Since Boom

While homes are certainly selling faster, double digit price gains are not considered healthy, especially when wage growth is nowhere near that. At some point buyers will hit the wall, unable to afford the homes they want. (Read More: US … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Why Fannie Mae Shot Up 400 Percent in 3 Months

Since both Fannie Mae and Freddie Mac were put in government conservatorship during the housing and mortgage market crashes, they are required to pay all profits to the U.S. Treasury department in the form of dividends. Shareholders get nothing. (Read … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Vacation Home Sales Sizzle, Rentals Booking Fast

“We’re getting the calls again from people looking to really buy, buy into the market and start renting again,” said Lipscomb. The impact of Super Storm Sandy is less apparent further south on Hilton Head Island in South Carolina. “It’s … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment