Marin Market Update 
Market update for Marin County real estate buyers and sellers. Find out how home sales are doing in Marin, California.
There are currently 170 blog entries related to this category.
Stated Income, 30-Year Fixed Loans to $2 Million with Asset Depletion
Saturday, June 1st, 2013 at 11:33am. 225 Views, 0 Comments.
As most borrowers know, stated income loans were largely eradicated from lenders' offerings back in 2008. Since then, a few investors have offered "asset depletion" programs that derive a supporting monthly income figure by dividing a set schedule of monthly payments against a borrower's assets. The borrower is not required to cash in their assets as they're only used to demonstrate an ability to service the proposed mortgage and housing payments. Moreover, the borrower isn't required to show an employment history or to verify any source of income. In general, these asset depletion programs have been offered as adjustable rate mortgages (ARMs) with shorter, fixed rate terms.
Interestingly, Fannie Mae…
Eichler Event: June 15th 10am-4pm 2013 San Rafael
Friday, May 31st, 2013 at 8:31pm. 234 Views, 0 Comments.
Eichler Event: June 15th 10am-4pm 2013 San Rafael
As an Eichler homeowner, I found a nice brochure was placed on my windshield today announcing an Eichler event taking place June 15th in San Rafael. About 50 years ago, Joseph Eichler had over 10,000 homes built throughout the San Francisco Bay Area, but now it can be hard to find replacement products for these mid-century marvels. Hudson Street Design of Marin is here to help by hosting an educational day to show off products perfect for our today Eichlers.
The day sounds like a ton of fun: BBQ lunch, live music by the Hot Rod Juke Box Band and cars from the 50's & 60's. In fact, if you have a car to show off come on down. Votes will be collected on the cars and the…
257 Rountree Way, San Rafael - Just Sold!
Tuesday, May 21st, 2013 at 10:52pm. 192 Views, 0 Comments.
Very desirable and hard to find, single level condo in Marinwood, 2 bedrooms/1 bath at the end of a cul d sac. Nice location, feels like a free standing unit with a private garden entrance covered in pink roses and wisteria. When you enter the front gate, there's a large, tiled patio. Inside there is Bamboo flooring throughout. Roundtree is a PUD (Planned Unit Development), with a swimming pool and clubhouse and is in close proximity to 101.
Listed for $330,000, 257 Roundtree Way sold for $340,000 with multiple offers. If you are thinking of buying or selling, I would be happy to assist you.
Janis Peterson, Realtor, 415-271-3109 or email: Janis@MarinModern.com
The Marin Real Estate Market: Bubble or Recovery
Tuesday, April 30th, 2013 at 12:52pm. 309 Views, 0 Comments.
Is it a bubble or a recovery?
We are seeing tremendous market corrections. While the rest of the country is also seeing an uptick, the SF Bay Area is having a meteoric rise in prices.
Almost weekly, a someone asks, "What is causing the steep rise in prices?".
The difference in a nutshell: jobs.
Interest rates are great nationally and local inventory is low- now that the distressed properties are drying up.
However, the biggest difference that sets the Bay Area a part: Bay Area companies began outfitting for hiring two years ago by acquiring office space and building out those spaces. Technology, Investment and Medical Science sectors were poised to hire by early 2012.
By Spring of 2012, new recruits began to look for housing in San Francisco and further…
Mortgage Financing with Foreclosures, Short Sales, and Bankruptcies
Friday, April 26th, 2013 at 1:15pm. 377 Views, 0 Comments.
In the wake of the financial crisis and recent recession, millions of would-be homebuyers with foreclosures, short sales, or bankruptcies listed in their credit histories naturally wonder as to their prospects for new mortgage financing. Since lending requirements vary from product to product (such as conventional to FHA) and because investor guidelines are in constant flux, there is no easy answer as to which options a given borrower may have. Another complicating factor is "lender overlays." These are additional requirements that lenders routinely impose on the loans they underwrite in an effort to manage portfolio risk. Examples range from higher credit scores, limitations to loan sizes, increased assets, etc., and these will be adjusted…
Buy a house before you see it? Smart tips on how to get your offer accepted in a multiple offer situation.
Thursday, April 4th, 2013 at 10:51pm. 460 Views, 0 Comments.
The Marin real estate market is red hot. Suddenly all cities and neighborhoods are in high demand. Even homes with lots adjacent to 101, or with sweeping views over gas stations or post office roofs, are selling for over asking prices.
Today was a big debate in the news about buyers bidding on and purchasing homes without even seeing them. A bit absurd for most buyers, but a reality for others.
I would say that those buyers fall into two distinct categories: a.) extremely wealthy individuals who own several homes and could afford to lose $1M or $2M should the purchase turn out not to be a good affair. b.) investors that need to move fast and don't have time to look at homes before offers…
The Anlyan Report 4.3.13. Market Sizzles. Buyers Battle. Sellers Sit and Wait??
Wednesday, April 3rd, 2013 at 10:14am. 293 Views, 0 Comments.
Data Quick, a La Jolla, CA-based real estate information service, in a report dated March 14, 2013, noted the following about the Bay Area real estate market:
- February’s median home prices up 24.6% compared to February of 2012. The Service attributed about half of the gain to price increased, and the rest to “market mix”, meaning that fewer low-priced distressed-property sales were taking place.
- February foreclosure resales, at 13.6% of the Bay Area market, were down from 26.4% a year ago. Short sales, at 21.4% were also down substantially from the year-ago figure of 27%.
- Absentee Buyers (mostly investors, according to the article) purchased 28.2% of Bay Area homes in February,…
Marin County Homes for Sale - New & Noteworthy: March 21, 2013
Thursday, March 21st, 2013 at 4:35pm. 307 Views, 0 Comments.
Marin County Homes for Sale - New & Noteworthy: March 21, 2013
56 new listings this week in Marin County! The Spring selling season has officially begun! This is great news as we continue to have below average levels of inventory. In fact in February we had .8 months of inventory compared to 4-5 months last year, same time.
There were some standouts this week on broker's tour:
10 Currey Avenue, Sausalito CA 94965 - Listed for $1,650,000
This 4 bedroom, 3-1/2 baths home is in the coveted and warmer Banana Belt area of Sausalito. The house had a hint of Southwest style and drop dead gorgeous views of the Sausalito Marina. The floor plan is super functional with the 4th…
The Housing Market HAS Taken Off Again!
Friday, March 15th, 2013 at 6:23pm. 233 Views, 0 Comments.
Today's SF Chronicle ran a most interesting article on the rebounding real estate market. In brief, buyers are vying for limited inventories of properties which is creating bidding wars with multiple offers on properties and area median home prices rising 24.6% over last year. The article contributes the surge to an improving economy, job growth (read that as buyer confidence again), which is extremely strong in the SF Bay Area. Therefore, the San Francisco Bay Area seems to be the hottest market in the U.S. right now.
To read the full SF Chronicle article, go to:
www.sfgate.com/realestate/article/Bay-Area-home-prices-up-24-6-over-2012-4356658.php.
JUST LISTED!! 33 Maple Hill Drive, San Rafael!
Friday, March 15th, 2013 at 2:06pm. 288 Views, 0 Comments.
This beautifully and completely remodeled and expanded home in the Mt. Marin area of San Rafael boasts a huge kitchen with granite counters and high-end appliances, 4 bedrooms, 2.5 bathrooms, hardwood floors, 2 fireplaces, skylights, lovely landscaping, solar heated saltwater pool with a waterfall, outdoor kitchen, and an outdoor workshop area... Dixie School District too!
Offered at $929,000.
Open Houses:
Sat., March 16th from 1p-3p & Sun., March 17th from 1p-4p
For more information, feel free to contact me:
email: Pam@MarinModern.com cell: 415.640.0336