By now you’ve probably heard that interest rates will soon be rising. The media reports simple sound bites such as, “Interest Rates Rise” which is of little help in understanding to which interest rates they are referring—credit card debt, student loan, small business loans or home loans?
Why are the Feds Raising Rates and What will […]
Whether you are thinking of buying or already own a home the current historically low interest rates may help you save thousands of dollars.
Rates in the last week have averaged the lowest point since records were first kept over 30 years ago. Refinancing today may help you save hundreds of dollars in monthly interest […]
What’s the big brouhaha about yet another extension of the $8,000 tax credit for first time homebuyers? Senator Harry Reid wants home buyers to have until September 30, 2010 to close escrow and receive the $8,000 tax credit. But before you go out and celebrate, understand that the only buyers this extension will help are people […]
Before we wrote this year’s forecast, we went back and re-read our assessment of where the market might be headed in 2008.
Of course very few people could have predicted that the dire real estate woes would drag the entire economy to the brink of collapse and we were no better than most.
However, […]
We’ve got a lot to cover at the beginning of a new year as we go back and examine all of 2008 as well as the month of December.
This is our month-end report of home sales in Belmont for the month of December 2008. Note that while the median price dropped significantly from November, so […]
Drew & Christine Morgan
Housing Update–November 2008
(650) 508-1441
dmorgan@morganhomes.com
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San Mateo County continues to out performed many of the nine bay area counties but a protracted deep recession could change all that.
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We’re very excited to bring you a new animated version […]
We’re very excited to bring you a new animated version of our graphs depicting the various housing market trends in San Mateo County and the cities which lie within.
Each month we download data from our Multiple Listing Service and analyze the market indicators. We provide this in-depth analysis for several of the many cities we […]
With no new listings for two weeks in a row, it’s nice to see a little activity before the winter market slows to a snail’s pace.
There was no agent "Tuesday tour" this week due the Veteran’s Day holiday so most of these homes we’ll not view in person until next Tuesday; and I won't be updating […]
The housing market is in a state of flux so we spent added time this month helping you understand the numbers and our local Belmont market:
(Click on the report for a size you can read)
Understanding the Belmont’s October 2008 housing market takes a lot more than listening to the numbers being bantered about without […]
When A Little Common Sense Goes A Long Way
By Drew Morgan|November 19th, 2008|
I found the picture that accompanied the article in the San Francisco Chronicle, Saturday November 15th 2008 title “Increase in Deaths, injuries on dangerous San Francisco Streets†a bit symptomatic of the problem.
The article is reciting the statistics on just how dangerous the streets are for pedestrian and bicyclists and the picture shows a pedestrian […]