It was my great pleasure to represent my International Clients with the purchase of their new home in Danville's Blackhawk Country Club. As with any transaction, whether on the listing or buying side, overseas purchasers of Real Estate require additional attention and needs that only a Broker experienced in these types of transactions can provide. The coordination of these transactions need not be difficult at all but there are many steps necessary to make sure that their interests are well … [Read more...]
Tri-Valley Mortgage & Market Update for Oct 5th
Economic News…for this week can be summed up in one word...Delayed”. Reports on Construction Spending, Factory Orders and the Employment Situation were not released due to the partial government shutdown. Up to this point lending has not been dramatically affected but if the impasse continues problems could arise. Social security number verification as well as the ability to pull tax transcripts (4506) could prove to be problems for mortgage lending down the road. It will be very important over the next few weeks … [Read more...]
Tri-Valley Mortgage and Market Update for 8.2.13
Economic News...We knew this week was going to be volatile for mortgage rates due to the importance of the data on tap. This situation was summed up perfectly in a Mortgage News Daily update which equated the behavior of the bond market to that old game of French origin utilizing an oxeye daisy. “He(She) loves me...He(She) loves me not.” Wednesday, Thursday and Friday provided news that would shift the bond market dramatically in either direction. When yesterday came to a close all eyes were fixed on the Employment … [Read more...]
1530 Colchester Street in Danville
1530 Colchester Street is a beautiful home located in the Vercelli area of the Monterosso neighborhood in Danville. This executive residence features approximately 3242 Square Feet, 5 Bedrooms, 4 Bathrooms as well as a Bonus Room. The flexible floor plan also includes a main level Bedroom with Full Bath. Distinctive features are abundant throughout and include: Gourmet Kitchen Features: Granite Counters with Bullnose Edge 36" GE Monogram Professional Gas Cooktop w/ Designer Vented Hood 30" Oven Below … [Read more...]
Tri-Valley Mortgage and Market Update
Economic News...this week had all the attributes of a mid-summer day meaning not much was going on. Existing Home Sales for June decreased more than anticipated. Rising mortgage rates and tight inventory were credited with the decline. On the other hand, New Home Sales cruised past estimates. Durable Goods Orders were robust but the gains were almost entirely due to the aircraft sector. Weekly Jobless Claims continue to tread water in the 340K to 350K range. The view from the consumer’s perspective continues to … [Read more...]
Getting to Know Danville – The Neighborhoods
The next phase of “Life in Danville” is upon us. After two and a half years of planning the Danville 2030 General Plan has been adopted and “Expresses the visions and goals of the Danville Citizens for the future of our community”. I moved to Danville from Colorado with my family in 1974. It was a sleepy little town then and even as it has grown many have strived to keep that “small town” feel. My memories of watching the town expand run deep. I attended Montair Elementary, Charlotte Wood Middle School(in its old … [Read more...]
Tri-Valley Mortgage & Market Update for May 24th
Economic News...For housing was oozing with positive data! Despite the constrained inventory of available homes both the Existing Home Sales and New Home Sales reports showed strong results. Durable Goods Orders beat estimates and Weekly Jobless Claims bounced back from last week’s disappointing report. Mortgage Markets...Mortgage rates continue to march higher during May. Mortgage Backed Securities are currently underperforming the Treasury market. The 10 Year Note is currently trading at 2.013% which is up from … [Read more...]
Tri-Valley Mortgage & Market Update for May 17th
Mortgage and Market Update Economic News...Back to a week of mixed data but the Stock Market continues to pretty much ignore negative news and move higher. This run to new highs has left mortgage rates under continued pressure. Retail Sales, while not robust, did show signs that the consumer is feeling more comfortable spending on discretionary items. The manufacturing sector contracted a bit in April with both production and capacity utilization easing. Weekly Jobless Claims jumped unexpectedly to 360K after being … [Read more...]
Tri-Valley Mortgage & Market Update for April 19th
Economic News...was light for the week but there was some on the housing sector and mortgage rates remained virtually unchanged from last week. The Housing Market Index was lower reflecting weaker conditions in the Northeast and South. The West led the way. Housing Starts were robust with the multi-family component making up the majority of the gains. Now....news on the California Housing Market courtesy of CAR....Home prices have reached the highest level since May of 2008. The median price in March was $333,380 … [Read more...]
Tri-Valley Mortgage & Market Update for April 5th
Mortgage and Market Update... Economic News...was a little weaker than expected. The ISM Manufacturing Index and Factory Orders results were mixed. While the headline figures were tepid there was some positive data hidden in the underlying numbers. Employment stats for the week were the real market driver. On Wednesday, the ADP Employment Report results predicted a weaker Employment Situation in Friday’s release. This came true with today’s announcement of 88,000 jobs created versus the 193,000 expected. The … [Read more...]
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