National Home Values – What the Media won’t tell you

The real estate market still faces many challenges. High unemployment, foreclosures and other distress sales are keeping negative pressure on prices. This of course is good news if you are looking to buy as low rates and lower prices have brought affordability to record levels. How Affordable? – Since 1963, it has cost an average […]

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Arcus Lending and Shashank Shekhar get featured on Yahoo! News

Arcus Lending and Shashank Shekhar were both featured on Yahoo! News on Friday June 3, 2011 on an article about low Mortgage Rates in California. The article mentioned that Arcus Lending consistently quotes its clients Mortgage Rates lower than Freddie Mac reported rates. It also refers to a post written by Shashank which explains the […]

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3.50% HomePath Financing bonus coming to end in June

Fannie Mae HomePath Financing for California homes come with added bonus in June – 3.5% towards closing cost assistance. Thats right, Fannie Mae is paying 3.5% towards your closing cost if you close your transaction by June 30, 2011. HomePath financing is available for houses that are currently owned by Fannie Mae. To get a […]

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San Jose, CA Real Estate Market – Home Sales and Median Price up

Both the Median Price and Home Sales for Single Family houses were up in San Jose, CA real estate market in April, 2011 compared to previous month. However, on a year over year comparison both the values were slightly down. See the full report below. San Jose Condominium Market Report: The Condo market took a […]

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California Mortgage Rates at the lowest level of the year

Both 30 Year Fixed and 5 Year ARM mortgage rates for California Refinance and Home Purchase are at their lowest level for 2011 after declining for the fourth consecutive week. Freddie Mac reported last week that the 30-year fixed-rate averaged 4.63%, 5 Year ARM averaged 3.41% and the 15-year fixed averaged 3.82%. 30-year fixed-rate mortgage […]

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Financing Options for California First Time Home Buyers – Free Web Class

As part of our Home Ownership Workshop of free Web Classes, Shashank Shekhar Mortgage Broker/Banker with Arcus Lending and author of the book “First Time Home Buying 101” will talk about: What are the different financing options for Home Buyers? When should you pick an Adjustable Rate Mortgage (ARM) vs Fixed Rate loan? What are […]

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San Jose, CA Real Estate Market Report – March 2011

San Jose Single Family Real Estate Market Report Median Price, Average Price and number of Sales – All went up in March compared to February 2011. However all three numbers were down from March 2010. Days on market (the time it takes for a home to sell after it’s listed for sale) is down to […]

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San Francisco Bay Area Real Estate Market Trends – March 2011

Best March in 4 years for San Francisco Bay Area Real Estate A total of 7,051 new and resale houses and condos sold in the nine-county Bay Area last month. That was up 41.3 percent from 4,991 in February and up 0.2 percent from 7,040 in March 2010, according to San Diego-based DataQuick. Last month […]

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Santa Clara County Real Estate Market Report – March 2011

Real Estate Prices and Sales Bounce Back in March in Santa Clara County Sales of single-family, re-sale homes continued to gain ground last month in Santa Clara County, rising 52.1% from February, and up 11.8% year-over-year.The median price for single-family, re-sale homes in Santa Clara County was up 7.1% from February, but down 5.4% year-over-year. […]

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Bay Area Real Estate Market Report for February 2011

Bay Area home’s median sale price fell below the year-ago level for the fifth consecutive month while the sales volume remained virtually unchanged from a year ago. The share of homes sold to investors and Cash Buyers continued to be at record levels. A point to note is that January and February are usually the […]

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