Los Gatos Home sales totaled 341 homes in the Los Gatos Real Estate market Last Year. We have a long way to go with only one sale closing escrow this past week. It was on Tait Avenue though! RARE!
The median Los Gatos Home price is over $2.6mil!
9 Properties in Los Gatos that are available are short sales
6 Los Gatos Homes are listed, for sale, as foreclosures
CLICK IMAGE below to see the only home that closed this month
Tait Ave Home Sold In Los Gatos
You can do a detailed search for homes available for sale in the the Los Gatos Real Estate market here.
The Obama administration’s $75 billion program to protect homeowners from foreclosure has been widely pronounced a disappointment, and some economists and real estate experts, myself included, now contend it has done more harm than good.
If you have been reading my Los Gatos Real Estate musings you already know that since the program was announced in February, it has lowered mortgage payments on a trial basis for hundreds of thousands of people, but has largely failed to provide lasting relief. Critics increasingly argue that the program, Making Home Affordable, has raised false hopes among people who simply cannot afford their homes.
As a result, desperate homeowners have sent payments to banks in often-futile efforts to keep their homes, which some see as wasting dollars they could have saved in preparation for moving to cheaper rental residences. Some borrowers have seen their credit tarnished while falsely assuming that loan modifications involved no negative reports to credit agencies.
This fact that credit scores are affected by modifications boils my brain! The program was meant to help! In fact, it is hurting too many people. How are you going Read the rest of this entry »
Buying a home means you need to understand your credit score better and how it weighs in and out of your favor. This is true In Los Gatos and the Bay Area, more than most, due to the high priced Real Estate here. Investors know this and so should you. What will a finance company consider when you make an offer on that Los Gatos foreclosure you want to buy?
With all the misguided information flying around about loan modifications understanding these myths will prevent some misteps.
“Many Americans hold mistaken beliefs about credit scores,” cautioned Ethan Ewing, who heads the free online consumer portal at Bills.com. “Misinformation on television and in hearsay from friends and neighbors only compounds the problem.”
Here are the top 10 commonly held myths surrounding credit scores:
Myth #1: A credit score is a credit report. The credit report is a detailed listing of all debts and payments, going back throughout an individual’s entire payment history, Ewing explained. For each entry, it shows the creditor’s name, amount owed, the highest balance owed, the available credit, whether the account is open or closed (and who closed it), the number of late payments and whether the account is in default. A credit score is a number between 300 and 850 that is based on complex formulas incorporating all the data in the credit report. Most homes for sale in Los Gatos yield many offers so, you need to have the best credit score. Read the rest of this entry »
California Price Shows Year-To-Year Gain for First Time in Two Years
By: Robert A. Kleinhenz , Ph.D., Deputy Chief Economist
The median price of a home in California experienced its first year-to-year gain in over two years during the month of November, as the California housing market continued recent trends in terms of prices, supply, and sales. The monthly median price crossed the $300,000 threshold in November with a median of $304,520, up 2.4 percent from the October median price of $297,500 and up 5.8 percent from $287,880 a year earlier. The situation has improved greatly from a year ago during the worst of the financial crisis, when the median price had registered 41.3 percent year-to-year decline.
This supports the conclusion
After a 59 percent peak-to-trough decline, the California median Read the rest of this entry »
