A Simple Explanation of the Interest Rate Hike

Ok, so that’s all we’ve heard about for the past week.  What does it really mean to you? First, here’s a quick explanation of what the Fed Funds rate means.  The Federal Reserve only controls one interest rate.  That’s the rate banks use to lend money to one another. It has not been raised since [...]

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Sales Price vs Appraised Value

Before you can close on a property, the seller, buyer, and lender must agree on a value, which can happen more easily if sale price and appraised value are very close. Sellers tend to view their homes emotionally, and that can become quickly apparent when they put them on the market. They may price the [...]

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2016 – What Can you Expect

What can you expect in 2016? The coastal markets of both the San Francisco Bay Area and Southern California have been seeing signs of slowing, and this is expected to continue into 2016. Although inventory is still tight, rising interest rates may deter many buyers. Until now, buyers frequently have had to pay over-asking price [...]

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