Mini Bubble

For the first quarter of this year, the general R.E.O. Real Estate Market has not seen the type of inventory from previous months due to the moratoriums the Obama Administration had set. What this has created is a false sense of rebound in the housing market due to the lack of inventory and increase of buyers. A hot property comes into the market and a bidding war is created from the amount of activity spurring multiple offers. Fortunately most banks are hip to this and are opting to go with more secure offers rather than taking what may be a higher bottom line. The fact is, the property will not appraise and most sellers would end up having to reduce prices to close the deal anyway. This mini bubble will soon burst when the moratoriums are lifted and the "Tsunami" of foreclosures flood the market.

Feds drop key interest rate

Feds dropped interest rate today by 3/4 of a point. Ladies and Gentleman: low interest rate, record low home prices = perfect oppurtunity to buy. When do you see both home prices and interest rates drop at the same time? Get in the game now, don't be a couldashouldawoulda. We will rebound and when we do, you'll be thankful for having the insight to make the decisions that will position you to be in a stronger financial stance for the future.

Acumen Real Estate Expo

An associate of mine has taken on the extremely daunting task of creating a Real Estate Exposition, and after months of ardous and challenging tasks, its beginning to take form. Ladies and Gentleman, I have the pleasure of announcing the Acumen Real Estate Expo! This is a can't miss event held in the East Bay on April 19th. For more information and signing up go here: http://acumencommunity.com/ My company will have a booth and you can see me at the open panel discussion. This is an event that holds true to its name..come by and increase your acumen!

What an INSANE market?!?!?!

tons of inventory, R.E.Os, auctions, tough financing, and multiple offers? did I mention multiple offers?!?! Thats right! It seems buyers are finally coming off the fences and claiming their stake in the Real Estate game. FHA financing, downpayment assistance, etc. are aiding this new wave of buyers. Does this mean we've hit rock bottom and are going back up? Is this only a market hiccup and a blip on the bubble radar? Too soon to tell, but its one helluva ride!

Need some downpayment assistance?

With all the lending industry in tight situations and crunches, we're beginning to see a lot more financial aid for first time homebuyers in many of the cities in West Contra Costa. Here are links to two of the programs complete with details. Please forward this to whomever you think may benefit and if you have any questions, please contact me.

San Pablo: http://www.ci.san-pablo.ca.us/main/housingopportunities.htm

Hercules: http://www.ci.hercules.ca.us/New/Living/AHousing/index.htm

Multi-Generational Selling

Let's face it, with the accelerated advancements in technology, we as a society are changing at an even faster pace and need to adapt. In the Real Estate field (or any for that matter), I feel we must embrace and/or target generations and appeal in ways so that we click and sucessfully understand and convey messages. Check out this article from Steve Friedman which gives a great breakdown of our current generations and their gaps.

http://www.stevefriedman.com/articles/4_Colliding_Generations.html

Welcome All!

Hello and welcome to my blog spot. Look for all kinds of tidbits in relation to the faboulous dynamic industy I work in, Real Estate. Check my website: http://www.danielripper.com/ if you would like to know more about me.