Friday, September 10, 2010

End of Summer Update

Surprise! Banks help more homeowners than Obama
NEW YORK ( -- Remember how everyone complained that banks weren't doing enough to help troubled borrowers? Well... Banks have realized that foreclosing on home after home after home may not be in anyone's best interest -- least of all their own. So they've ramped up the number of loan modifications they're handing out to their delinquent clients. Banks are doing nearly

Fewer U.S. Homeowners Underwater as Calif. Home Prices Rise

The percentage of U.S. homeowners who owe more than their properties are worth declined in the second quarter as tax credits boosted prices in California and foreclosures surged, real estate data provider said. The Seattle-based company found that 21.5 percent of homeowners were underwater on their mortgages, down from 23.3 percent in the first quarter and 23 percent a year earlier, according to a report today. The decline came as property prices in California were

Market Recap: The chart below shows that cities east of highway 880 are still showing a higher demand than supply. Home prices have risen in these areas as much as 10% in 6 months.

For Comparison: Sales are slowing down on the West side of Highway 880. This could be an indicator of stabilization or prices falling again.

Santa Clara County Market Snapshot

The table represents aggregated values based on MLS data for the specified date.

As always I welcome referrals from friends, co-workers or family members looking to buy a piece of property.  I am also happy to provide unbiased sound advice at any time. You can rely on my integrity and follow-through.

* Mortgage rates were collected from publicly available sources ( on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

I provide guidance and build confidence in people, enabling them to reach their full potential and turn their dreams into reality.
Warm regards,
Nathan Nahouraii
Direct: (408) 404-6444
Direct: (650) 352-5322

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