Uncategorized
Real Estate Update
Mortgage rates continue to dive with the average 30 year fixed-rate mortgage at 5.14 percent last week, a new record low. Last year this time, the rate hovered at 6.17 percent for a comparable loan. The result: an inundation of mortgage applications, the highest in five years.
Fannie Mae mortgage holders no longer have to [...]
Voters Inspired
I am sure many of you have heard of the campaign to “Get Out The Vote” or GOTV – it is a reference to each political party’s attempts to energize their voting base through various activities. Republican or Democrat, no doubt there was a GOTV effort in your city or town.
GOTV efforts produced results [...]
Housing Facts and Figures for Monterey County
Housing facts and figures for Monterey County
Monterey County home sales for the third quarter of 2008 increased by 42% over the second quarter of 2008. The majority of sales, 70%, occurred in Salinas, South and North County. The remaining 30% of sales occurred on the Peninsula, with the majority in Seaside and Marina. Of [...]
Welcome to the NEW MCAR Blog & Forum!
Welcome to the new MCAR Blog & Forum! The goal of this new informational site will be to engage the real estate industry and public on the ongoing challenges and successes of this dynamic industry. We encourage you to take the time to register and comment on the various articles and editorials that will be [...]
