East Bay Realty Pro Blog

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Entries from January 2009

California Realtors First State Meeting of 2009

January 27th, 2009 · No Comments

The California Association of Realtors (C.A.R.) meets over a 5-day period, three times a year. As a director, I attended the first one for 2009, held in Monterey last week.
Not surprisingly, the main topic of discussion dealt with short sales and REOs, which are making a huge impact on the residential real estate market. (For [...]

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Tags: Real Estate

Record Low Mortgage Rates May Not Last Long

January 16th, 2009 · No Comments

Interest rates for home purchases have reached their lowest point in history, but how long will they remain at those levels? Regarding this question, the California Association of Realtors distributed this item to its members:
”The Federal Reserve’s announcement that its purchasing up to $500 billion of securities backed by Fannie Mae, Freddie Mac, and Ginnie [...]

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Tags: Real Estate · Real Estate Advice · Real Estate in the News

Amazing Expertise in Expert Witness Group

January 15th, 2009 · No Comments

For many years, I have been a member of two “expert witness” groups. Participants are all experts in their fields and are called upon by attorneys to help in litigations. Membership in one of my groups is made up of only real estate experts. Last night, I attended the monthly meeting of the other — [...]

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Tags: Expert Witness · Real Estate

Hourly consulting: Great idea whose time has yet to come

January 12th, 2009 · 2 Comments

Real estate by-the-hour is a tremendous approach in certain situations; however, despite the logic of the concept and the need for the service, it is not likely to become widespread. Read my latest article on the subject HERE.

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Tags: Hourly Consulting · Real Estate · Real Estate Advice

Too Little Rain in Bay Area; Too Much up North

January 9th, 2009 · No Comments

The Pacific Northwest has been suffering torrential rains while California is facing water rationing.
My wife and I have a second home on Vancouver Island. On Wednesday, we received a call from our tenant. After an all night rainfall of record proportions, the ground was totally saturated, the street in front of the house was a [...]

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Tags: Environment