Silicon Valley Elites Get Home Loans With No Money Down

I can't help but hear whispers of the past warning of repetition. The lenders are saying they know the history, and so are not doomed to repeat it, "...those that have gotten loans have an average FICO score of 747 and average household income of $219,000, says Rebecca Reynolds Lytle, chief lending officer. 'We are vetting our borrowers to make sure they can afford it and have reserves.' But in the end 'it’s a loan -- it’s not going to be risk free.'" 

I'm taking the "wait and see" approach, and reminding you that the real estate market is cyclical. If you buy with the ability to hold and you'll always come out ahead, but buy with a wish and a prayer, and that may be all you'll have in the end.

Read full article

How much did that house sell for? (July 19th - 25th)

With school beginning earlier, it seems summer vacations have been rescheduled from August to June and July, causing an earlier summer slowdown in the market. But what we've been watching has shown itself to be temporary as desirable homes continue to receive very strong interest and multiple offers. Have you been thinking about selling your house? Buyers are out in droves, could yours be the house to set a new high-price in your neighborhood?

Click here for downloadable pdf

I'm spending the day training to be on the Professional Standards committee for my board of Realtors and finding the processes and procedures quite interesting. I look forward to helping uphold the Code of Ethics, membership, and association rules and regulations.

via Instagram @shannonkellyhomes http://ift.tt/2a3hRA7

Also found in Rockridge is this beautiful and lovingly maintained (and updated!) craftsman.

via Instagram @shannonkellyhomes http://ift.tt/29YKGzL

This bright and open remodeled home can be found in Oakland's coveted Rockridge neighborhood.

via Instagram @shannonkellyhomes http://ift.tt/2abMUvy

You can afford anything you want, but not always everything you want. Prioritize and make your dreams your reality.

http://ift.tt/1O7ELnz

How much did that house sell for? (July 12th-18th)

This was the first of four #blue #houses I saw in one day last week. Are we finally moving away from the #monochromatic themes? Here's hoping. #oakland #oaklandrealestate #beautifulhome #eastbay #realestate #realtor #sothebys #sothebysrealty #baysothebys #shannonkellyhomes #montclair #sfbayarea

via Instagram @shannonkellyhomes http://ift.tt/29HvpVN

Talk about a wall of #windows The best deal in #montclair is 6100 Johnston. 3 #bedrooms 2.5 #baths over 2,050 square feet and listed at $879k. With offers due on Tuesday, now is the time to see this #open Floorplan house! #openhouse #today 2-4:30pm. #beautifulhome #oaklandrealestate #eastbay #realestate #realtor #sothebys #sothebysrealty #oakland #opportunity

via Instagram @shannonkellyhomes http://ift.tt/2a217xG