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.