Ed's Blog

Another day, another confusing housing report. Last week the National Association of REALTORS® released a report announcing that existing home sales rose last month for the first time since July 2007. Of course, this good news didn’t make headlines.

This report was buried deep within other reports proclaiming that the drop in home prices has reached an epic level. How are home buyers, homeowners or sellers to understand the implications of these reports, when they are about as easy to understand as quantum physics? That is, they can completely set your mind spinning!

That’s frankly why I take to this blog regularly. As a 25+ year veteran in the mortgage and real estate industry, I strive to minimize the hype by providing objective updates on market conditions.

Whether the housing reports are good (home sales were up last month), bad (see my last blog), or lie somewhere in between, it is my goal to report all of the news, to help you decide for yourself if a home or investment property purchase or refinance is right for you.

While I do try to blog frequently, sometimes things are happening so fast, that I don’t have time to report every little change. But, please remember that the entire team at Smith Craine is constantly studying all of the changes in the market, and watching the rates with hawk-eyes.

So, if there is something you have a question about that isn’t covered in my blog, I encourage you to give us a call at (415) 406-2330.

Until next time…