Tag Archive for: bay area

What Is A Jumbo Loan In California?

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What Is A Jumbo Loan? A jumbo loan in California is a loan amount that exceeds the conforming county loan limits set by the Federal Housing Finance Agency (FHFA). A jumbo loan is a conventional (not government-insured) mortgage loan. Because jumbo loans do not conform to the loan limits set out by the FHFA, they are not […]Read More

Americans Can No Longer Move To Hot Job Markets; Does It Matter?

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SOUTHWEST AIRLINES SAVES ECONOMY? Southwest Airlines and the proliferation of nationwide newspapers (like USA TODAY) were a major reason we saw so much economic growth in the 1980s. So said an economics professor I had in the 1980s. Airlines had recently been deregulated and Southwest was the first to offer dirt cheap flights – that […]Read More

Bay Area Shutdown; COVID-19 Update; Delays; Appraiser Shortage; Rates Not Falling

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As everyone in the Bay Area now knows, the entire Bay Area is subject to a mass “Shelter in Place” order by local health authorities in an effort to combat the spread of COVID-19. I won’t go into all of the details here, but it restricts all large gatherings and major events, and only “essential […]Read More

Importance of Local Lender In Hot/Unique Markets; Quotes Of The Day

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Employing a local lender is now more important than ever in the Bay Area’s super hot markets. Listing agents simply do not want to risk a transaction on untested lenders or appraisers (they go hand in hand) when so much can go wrong in today’s lending environment. We take enormous pride in the reputation we […]Read More