Sunday, December 21, 2008
Friday, December 19, 2008
Wednesday, December 17, 2008
The L.A. Times, San Jose Mercury News and Seeking Alpha are reporting Treasury Department rumors of a forthcoming 4.5% fixed-rate 30-year mortgage. At this point we don't know if the rumor is an intentional Treasury Department leak or is one random riff from the loose lips of a sloppy bureaucrat at the happy hour bar. Go to the Forbes.com Blog to read the rest of the story...
Tuesday, December 16, 2008
Thursday, December 11, 2008
The Fair Credit Reporting Act (FCRA) lets you request a free copy of your credit report from each bureau every twelve months at AnnualCreditReport.com. It's been mentioned numerous times before (along with all the scam sites looking to profit off it) but do you regularly check your credit history for errors?
It's no wonder consumers find an estimated 13 million inaccuracies on their credit reports each year.
From the Comsumerist at http://consumerist.com/
At 5.00%, use $5.38 per $1000 to calculate your monthly mortgage expense. Or, go to my website's Buyers Page and use the mortgage calculator.
Tuesday, December 09, 2008
Saturday, December 06, 2008
The Treasury Department is contemplating a proposal that would cut mortgage rates for new loans for homes, according to the Wall Street Journal. The plan would employ Fannie Mae & Fannie Mae to offer mortgages with rates as low as 4.5%, roughly 1 percentage point lower than current rates. The measure is under consideration as part of the Treasury Department's continued effort to limit foreclosures, which has been at the core of the financial crisis. The plan would seek to revitalize the financial market without bailing out homeowners and lenders. Go to MarketWatch.com for the whole story.
Thursday, December 04, 2008
I want to thank you for all that you did to help us through the process of the purchase, right from the beginning to end. We are especially grateful for all the extra tips & advice along the way. We were impressed that you were always available if we had questions or concerns, even while on vacation in Alaska!
I hope you are enjoying the autumn weather & foliage. We look forward to getting to know the Cape better in all four seasons.
All the best, E. & M. (of Massachusetts)
When you are making out your Christmas card list this year, please include the following:
A Recovering American Soldier
c/o Walter Reed Army Medical Center
6900 Georgia Avenue,NW
Tuesday, December 02, 2008
For the same monthly payment (and a slightly increased down payment) you can buy 8% more house at 5.25% than at a 6% mortgage. This example is scalable, so go to my website’s Buyers Page and use your numbers in the mortgage calculator. Please note that the maximum mortgage currently offered at the 5.25% rate is $417K.
Food for thought.
Saturday, November 29, 2008
Wednesday, November 26, 2008
Tuesday, November 25, 2008
Monday, November 24, 2008
Saturday, November 22, 2008
Friday, November 21, 2008
Wednesday, November 19, 2008
Monday, November 17, 2008
My mother wasn't fond of turnips, so I've had them VERY infrequently. I mentioned this to a friend who said she'd provide a recipe that would change my mind. I'll pass it on.
Saturday, November 15, 2008
If you'd like to buy a duck (for a buck), call the Rec Department at 508-240-5974 on Tuesday after 9AM. When all the ducks are gone, they're gone. This is a rain or shine event. I'll see you there.
Thursday, November 13, 2008
Another reason to like Alaska is what'll happen if the on-going count of votes for the Senate seat turns out to be a dead tie. In Alaska ties are resolved by a coin toss.
Wednesday, November 12, 2008
Saturday, November 08, 2008
"A vacation is having nothing to do and all day to do it in." -Robert Orben
"A vacation is like love - anticipated with pleasure, experienced with discomfort and remembered with nostalgia" -Anonymous
Check out my website at http://www.robertsheldon.com/
Thursday, November 06, 2008
Wednesday, November 05, 2008
This course is quite beautiful and fun to play. There are water hazards on 4 holes (3, 9, 10, & 18) and relatively level greens. The price was pretty good too, only $25. Check them out on the web at http://www.bluerockgolfcourse.com/.
Friday, October 31, 2008
Thursday, October 30, 2008
Tuesday, October 28, 2008
We want to thank you for all you did to help us find our perfect Cape Cod home. We began the process almost a year ago, and the amount of properties available made this an almost overwhelming experience. Your patience and understanding enabled us to find exactly what we needed, and your assistance through the closing process and beyond made us comfortable every step along the way.
We look forward to many years of joy with family and friends at this wonderful home.
M. & K. C. (of Connecticut)
Thursday, October 23, 2008
Wednesday, October 22, 2008
Go to my website for more photos & information. A Virtual Tour is also available as is a Google map of this property.
Tuesday, October 21, 2008
- The number of single family residences in Eastham for 2009 is 5,053, up from 5,044 for 2008 (up 0.2%)
- The 2009 median home assessed value is $416,200, down from $433,900 (down 4%)
- Tax rate is $5.31 per thousand, up from $5.08 (up 4.5%)
- Total assessed value of Eastham's single family homes is approximately $2.5B (yes-Billion!)
Sunday, October 19, 2008
Friday, October 17, 2008
Wednesday, October 15, 2008
Well, I found it difficult. Several of the holes, including the 1st, were laid out such that you couldn't see the pin from the tee box due to a hill crest in the fairway. My game is inconsistent (I'm overstating my skill level here) without the 'help'. The other 'help' we had was the wind, which seemed to blow in my face on every hole (is that possible?). All that said, it was a good time, a great day, and the price was right, $19 (without cart).
Tuesday, October 07, 2008
Thursday, October 02, 2008
N. and I would like to thank you for your perseverance in our five month quest to obtain this property. I know that the profit for you had to be at a minimum and your efforts to put this deal together were above and beyond. Again, thank you and hope we can stay in touch as neighbors.
T. B. (of Connecticut)
Thursday, September 25, 2008
With all the talk about the nationwide housing slump, I get a lot of questions about how it has affected real estate in Eastham. So I compared the previous 12 months (9/1/2007 to 8/31/2008) to the full-year 2004, using data extracted from the Cape Cod & Islands MLS. 2004 was the year prior to the beginning of the current slowdown. I report every month on sales volumes and both average and median sales prices.
The data shows....
- Sales volume in down 32% (2004 - 141, 2007/2008 - 96)
- Average sales prices are up 6.8% ($496K vs 530K)
- Median sales prices are up 0.2% ($449K vs $450K)
My conclusion is that the only slump is in sales volume - no surprise.
Monday, September 22, 2008
Wednesday, September 17, 2008
I see this loan as being, potentially, a very expensive way to borrow money. Also, since these loans will be bundled and marketed, they will (in my opinion) contribute to the uncertainty of the housing and lending industries.
Sunday, September 14, 2008
Monday, September 08, 2008
Friday, September 05, 2008
Sunday, August 31, 2008
Friday, August 29, 2008
A successful 1031 Exchange allows investors to recycle 100% of their capital from the sale of qualifying real estate and personal property into the purchase of "Like-Kind" Replacement Property, instead of paying tax on their capital gain or depreciation recapture at the time they sell their Relinquished Property.
Information provided by TVPX, Inc.