Inventory of single-family, re-sale homes was down for the fourth month in a row. It dropped 7.1% compared to last May. Pending sales, a harbinger of future closed sales, rose 3.1% from April, and were up 16.7% year-over-year. This is the sixth month in a row pending sales have been higher than the year before.  Curiously, closed sales were off 1.5% month-over-month, and down 16% year-over-year. This is the eleventh month in a row closed sales have been lower than the...continue reading...

A home estimate is a good start to understanding what properties are selling in your neighborhood and for how much. In our estimate, we examine the sales activity of comparable properties and generate an estimate of value. You can easily adjust the estimate of value by changing the selected comparable properties or adjusting the sliders for hyper-local market conditions. When you are ready for a professional CMA, contact us. continue reading...

Provided by Russ Schreier, Director of Sales, Samuel Scott Financial Group Fannie Mae loan limits for high-balance mortgage loans are scheduled to expire on September 30, 2011. Barring congressional actions, the “temporary” loan limits now in place will expire on that date and loans with mortgage note dates on or after October 1, 2011 will be subject to the “permanent” limits. Many of our clients and agents have questions regarding the expiration. The following are some of the most frequently...continue reading...

Is the value of your property less than the County Tax Assessor's Valuation? Are you frustrated for the past couple of years when you have to write that check? We may be able to help you reduce the pain, as you can apply to have your property taxes reduced! But don't dealy as there is a deadline for requests, which is 4/29/11. You'll need your parcel number and the tax valuation found on your property tax bill. They...continue reading...