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Success Story of the Week: If it costs you money every month, is it an investment?
A dear client has owned a home in another state (which was his home when he had a job there) for more than 10 years. He got a great job offer in LA, but it was 2007, and the market was already softening. He purchased a property, but little did he know that his...
Success Story of the Week: How to Beat a Bad Appraisal
What happens when a homebuyer is buying a beautiful ocean front condo for $850,000 and the appraiser (from the valley) says it’s worth $760,000? We go to work proving him “in error” (cleaned up language because this newsletter is PG). Yes, this appraiser thought that...
Economic News this Week: Lots of news with little movement
Lots of news with little movement. On Monday the Existing Homes for May fell 1.8% year over year, mostly due to tight inventory. The markets were quiet on that news, and because all eyes were on the Fed meeting on Tuesday and Wednesday, almost every investor had hit...