San Mateo Market Updates

How Markets are Affected by Foreclosures

By Raymond Stoklosa · January 20th, 2010

The Tale of Two Markets
The local real estate market – any market area – is really the story of two categories of homes. The first is the traditional, conventional market of homes for sale, and the second is the distress marketplace of homes owned by people in the midst of a financial crisis. Foreclosure markets [...]

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Foreclosure Market Realities and What’s Ahead for San Mateo

By Raymond Stoklosa · January 19th, 2010

Foreclosures Will Always Be a Reality
The prevalence of the “6 Dreaded D’s” – death, divorce, disease, drugs, denial and da job – ensure that foreclosure will always be an element in the lender/borrower relationship. Foreclosure is a consequence of real people in distress experiencing one of life’s brutal low points. For the home owner, it [...]

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Homes Sales in Belmont’s Hallmark Neighborhood

By Rebecca Williamson · January 18th, 2010

Homes are Only Worth What a Buyer is Willing to Pay for It

When you are looking to buy a home in any neighborhood, it is good to know what other buyers were willing to pay for similar homes nearby. As we’ve said may times, homes are only worth what a buyer is willing to [...]

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20 Most Expensive San Mateo Homes Sold in 2009

By Rebecca Williamson · January 12th, 2010

Fewer Luxury San Mateo Homes Sold in 2009

The luxury San Mateo real estate market saw a significant drop off in the number of homes sold over $2,000,000 in 2009. Compared to 2008’s 367 homes sold, 2007’s 473 homes sold, 2006’s 453 homes sold and 2005’s 499 homes sold, 2009’s 251 homes sold for [...]

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8 Critical Factors Affecting the Real Estate Market in 2010 Part II

By Raymond Stoklosa · January 7th, 2010

Yesterday, we showed you the first 4 of our 8 critical factors affecting the San Mateo real estate market in 2010. Today, we’re going to give you the rest.
The Final 4

Climbing Interest Rates

Stricter FHA and Fannie Mae Underwriting Rules

Rising Foreclosure Levels

Loan Modifications Fail

Climbing Interest Rates
The cycle aberration of 5% money ends and by the [...]

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