Local Market Update 

Please email janicelee@bhhscal.com for your report - with subject line "City Report" - if your city is not listed above
SGV Market Overview
 

Mortgage Rates

U.S. averages as of

December 24, 2014:

 

30 yr. fixed:   3.89%

15 yr. fixed:   3.10%
 1 yr. adj:       2.41
%

Janice Lee
Luxury Properties Director
540 South Lake Ave
Pasadena, CA 91101
 
Email me at:
Why CMAs and Appraisals Aren't The Same

 

As part of the homebuying process, your real estate agent may create a comprehensive market analysis or CMA. Later, when you apply for a mortgage, a bank appraisal is conducted by a licensed appraiser. Are CMAs and appraisals the same thing?

 

Continued...

How Important Is Square Footage?

 

MLSs use it. Insurers use it. Appraisers use it. Tax Assessors use it. When it comes to real estate, there's no avoiding square footage as a measure of any home's value.
Ten Essential Steps to Buying a Home

 

You're ready to take the leap and buy a home. If this is your first time, you may want to know what to do to make the process go more smoothly. Here are ten steps you'll be going through to buy your next home.
 

Continued...

November 2014 Real Estate Activities for San Marino
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