Just as our local communities have evolved, we've seriously considered for the past several years how we could someday "give back" and "finish well" - expressions that can mean a lot of things to different people.
As part of our research into opportunities for service, in early 2013 we contacted a Peace Corps recruiter who helped us start our journey. But our new path wasn't going to be as straight and easy as we thought! And so we began a transition into something completely different from the routines we've known for the past 30 years - and have begun a path that's leading into the exciting unknown. This will be our story!
By Don | July 25, 2008
Several things help and hinder buyers in the proposed housing bill the House passed:
- The limit for conforming loans will be raised to $625,000 (right now it’s at $729k and change). These are loans that can be purchased by Freddie Mac and Fannie Mae, and re-sold to investors.
- For FHA loans, the minimum down payment goes up to 3.5%
- Prohibition against seller funded down payment assistance. This would appear to eliminate programs like Nehemiah.
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Mortgages/Interest rates
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By Leslie | July 21, 2008
There was a fast-paced home buyer workshop on Thursday evening, July 17th held in our office. Don and Leslie talked about the crazy stuff going on in our economy but pointed out 2 articles from the front pages of the Ventura County Star (Sunday) and the Wall Street Journal (Thursday) about the sudden surge of first time home buyers and investors in the real estate market. We showed print outs from our Blog of the stats of homes in escrow indicating the price of homes is starting upward and the number of homes going into escrow is skyrocketing in certain areas. We also covered the meat and potatoes of the loan and the purchase offer.
On Saturday, about 6 cars caravaned to 9 different bank owned, foreclosure homes in Ventura in 90 minutes. We went inside condos and single family homes ranging from the low 200s to low 400s. One person said, “At first it was really fast, but I like it”! Stay tuned to our next home buyer workshop and REO caravan!
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Home buyers
By Leslie | July 9, 2008
Here is our July newsletter. See our great pictures of our trip to San Francisco for the 4th of July to celebrate with our 2 children. There were fireworks, a cruise on San Francisco Bay and…fog!!!
See also the picture from our REO caravan on bank foreclosed homes in the St. John’s area.
Next week, we’re hosting a home buyer workshop on the 17th (Thursday) followed by our 2nd speed dating caravan on the 19th for Ventura. Tell your friends who are looking to buy and also investors!
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2008 newsletters
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By Leslie | July 7, 2008
Here are the sold statistics for the month of June. This shows the asking price, sold price, and days on the market for the cities of Ventura, Oxnard and Camarillo. In comparing the three cities and the price/square foot, Camarillo remains relatively unchanged from May while Oxnard and Ventura prices are still on a slight downward trend. Do not read too much into this snap shot of the real estate market, because often times the data sampling isn’t large enough to be thoroughly accurate. A more accurate indication is to study the trends from January this year and you can do so by clicking on the category to the right “Homes Sold-Statistics”.
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2008 Solds
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By Leslie | July 7, 2008
The stats are in for June pending sales and the number of homes in escrow in Oxnard is still red hot!! Compare the 2nd quarter of 198 homes for 2007 compared to 547 homes in 2008! Ventura has picked up the pace while Camarillo remains similar to 2007.
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2008 Pendings
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