Sunday, February 27, 2011

Market Update

The Best Time in History to Buy a House
Right now, is the best time in history to buy a house in America. Today, I'll show you why… based on a few cold, hard facts. First off, mortgage rates are lower than they've ever been in American history… Most investors have only seen a couple decades of mortgages rates on a chart. But my friends at Global Financial Data have databases – including real estate data – that literally go back

Shadow inventory estimated to take four or more years to clear
The volume of distressed nonagency residential mortgage properties in the U.S. continues to fall, but at an ever-slowing pace. Standard & Poor's Ratings Services currently estimates that the principal balance of these distressed homes amounts to about $450 billion, representing nearly

Santa Clara County Market Snapshot

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