Red Skelton “Pledge of Allegiance”

American FlagA friend at my Rotary Club sent us the link to the meanings of Pledge of Allegiance, beautifully done by Red Skelton; 30 years ago. A Class Act!

I thought I’d share this with you all at the time of great changes, divide, worries, insecurity; here is something we should all reflect upon.

This is a great country and let’s keep it great for us and for our future generations!

Red Skelton’s Pledge of Allegiance

A New Property Search – Bay Area MLS IDX Feed – Just for You!

As I continue to search for better ways to serve you, I have added a new Bay Area MLS Search/Property Organizer Service where you can search for proerties at your leisure, create and save different searches for easy access, and save favorite properties in your own login.

You will also be able to receive email alerts for properties that meet your criteria.

The Best Part is it is FREE!

If you would like to see any property or can not find a specific type of property, please do give me a call or email me so I can help.

Go to my website www.SylviaSellsMarin.com for more details.  I love to hear your feedback on this!

Novato Real Estate Market Overview, Week of March 19, 2008

It’s been almost two months since I last posted the market statistics for the Novato Real Estate Market (part of Marin County).  There is a noticeable improvement on the market – Other than a couple of price ranges, most of the others increased sales pending percentage anywhere form 10% to 20% increase in sales for various price range even as the inventory has grown.  

My office reported an active March, a lot of buyers out there looking for ‘bargains’ in Marin county, and Novato is where  you will find it!

We are Optimistic!

Want to know the market statistics or go out and see a house or tow?  Just give me a call!

category

 

Total Units/In Escrow

 

% Active

 

% Pending

All SFD’s and CID’s

 

376/82

 

78%

 

22%

SFD’s

 

264/49

 

81.5%

 

18.5%

CID’s

 

112/22

 

71&

 

29%

$0 -$500K SFD

 

33/12

 

64%

 

36%

$500,001-$600K

 

39/6

 

85%

 

15%

$600,001 – $700K

 

33/3

 

91%

 

9%

$700,001 – $800K

 

42/10

 

76%

 

24%

$800,001 – $999,999

 

45/6

 

87%

 

13%

$1M – $1.25M

 

27/3

 

89%

 

11%

$1.25M – $1.5M

 

22/5

 

77%

 

23%

$1.5M+

 

21/1

 

95%

 

05%

  • Buyer’s Market  < 25%
  • Neutral                25% – 40%
  • Seller’s Market   > 40%

Top 9 Unique Buildings In The World – In Progress

One great thing about being a Realtor is that I get emails about unique properties in the world and I thought I will share a few of those with all.

This is from my sister, who has been an Independent Broker for the past 30+ years in San Francisco.  I guess we won’t see this in the Marin Real Estate Landscape – but here are the top 9 most unique buildings in the world that are being built.  

Author Unknown… 

Top 9 Unique Structures in the World Being Built Now

 

 

  

Conforming Loan Ceiling Raised to $729,750 for High Cost Area such as Marin County

Great news we have been waiting for!

New FNMA and FHA loan limits announced today. 

14 California counties saw their loan limits for FHA, Fannie and Freddie bumped all the way up to the $729,750 cap. Most were in the San Francisco Bay Area or northern California (Alameda, Contra Costa, Marin, Monterey, Napa, San Francisco, San Mateo, Santa Cruz, Santa Clara) with five more in the L.A. area (Los Angeles, Orange, San Benito, Santa Barbara, and Ventura).

The limits are calculated at 125% of the HUD published medium prices, whith a floor of $271,050 and $417,000, respectively, not to exceed $729,750.

This is expected to stimulate the housing market significantly by bringing an infusion of capital into the mortgage market, which should result in lower interest rates across the board; with a direct impact on high-cost areas such as Marin which previously required borrowers to take out costlier jumbo mortgages.

NAR research points out that the increased limit will help an additional 138,000 Americans to own their home and will allow nearly 200,000 homeowners to refinance and potentially keep their home.

An NAR economic impact study anticipated that housing inventory would be reduced and home prices would be strengthened by two to three percentage points.

 

Mortgage maximums as of Wednesday March 05, 2008

 

High Cost

One-Family Two-Family Three-Family Four-Family

MARIN

$729,750

$934,200

$1,129,250

$1,403,400

The current BASIC standard mortgage limits for FHA insured loans are

     

One-family

 

Two-family

 

Three-family

 

Four-family

 
  Fannie/Freddie  

$417,000

 

$533,850

 

$645,300

 

$801,950

 


 

HIGH COST area (such as Marin) limits are subject to a ceiling based on a percent of the Freddie Mac Loan limits
The ceilings are currently:

 

 

 

One-family

 

Two-family

 

Three-family

 

Four-family

 
  Fannie/Freddie  

$729,750

 

$934,200

 

$1,129,250

 

$1,403,400

 


 

Section 214 of the National Housing Act provides that mortgage limits for Alaska, Guam, Hawaii, and the Virgin Islands may be adjusted up to 150 percent of the new ceilings. This results in new ceilings for these areas of:

 

 

 

One-family

 

Two-family

 

Three-family

 

Four-family

 
  Fannie/Freddie  

$1,094,625

 

$1,401,300

 

$1,693,875

 

$2,105,100

 

 


This is a listing of the FHA single family mortgage limits. This listing was downloaded from the Department’s Computerized Home Underwriting Management System. Since mortgage limits are updated constantly, please contact the Homeownership Center if you believe this information is in error.