Archives for February 2012

Existing home sales up, inventory down — for now

(MoneyWatch) The sale of existing homes rose 4.3 percent last month, the third rise in the last four months, according to the National Association of Realtors. Sales are being spurred by the continued fall in home prices and historically low mortgage rates. These sales put a small dent in the inventory of unsold houses. However, that inventory is expected to rise sharply as banks increase foreclosure activity in the coming year. If the January pace holds, the U.S. would see 4.57 million homes … [Read more...]

Welcome to the New Home of Walnut Creek Real Estate!

Welcome to the new Kelly McCormick Group website! We hope you will enjoy the ability to search by specific neighborhoods, learn more about some of our local neighborhoods, schools, etc. We will continue to add more resources to our site over the next several months, so please bookmark us and keep checking back for all the latest in Walnut Creek real estate! … [Read more...]

Mortgage Relief Plan Aims at Refinancing

President Obama, in announcing new mortgage relief on Wednesday, acknowledged that previous efforts to help homeowners had fallen short of expectations. And he tried to explain how his new effort, much of which would require Congressional approval, would fare significantly better. In making his case, Mr. Obama framed the changes as a round of improvements that would build on previous efforts to make it easier to refinance mortgages. “I am sending Congress a plan that will give every responsible … [Read more...]

It’s the Little Things when Selling your Home…

Don't get Steve Somogyi wrong. He doesn't hate all brass finishes -- just the really shiny, yellow-toned stuff that he thinks screams "Cheap!" when homebuyers notice it in light fixtures, switch plates, doorknobs, etc. That brass tone was fashionable a couple of decades ago, but its day is done and it has to go if it's in a house you're trying to sell, according to Somogyi, a real estate agent and interior designer. In prepping a small house for the market recently, he switched out every single brass … [Read more...]