Mortgage News
Is Coconut Grove Seeing The Bottom?
Categories: Coconut Grove, Mortgage News, Real Estate News
hiI am scared to even mention the word, but all I can say is that April has been a VERY busy month so far for Coconut Grove real estate. Just this week we have seen 7 homes, 2 condos and 1 townhouse go under contract. There have been times when we didn’t see that in an [...]
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Banks may be moving in the right direction
Categories: Coconut Grove, Mortgage News, Real Estate News
hiI recently wrote a post about the high down payment requirements for Jumbo Loans and in particular the effect it is having on Coconut Grove due to our high home values here. To recap that post, we are seeing down payment requirements of 30% for loans $417,000 and over.
But James Venney reports today that Wells Fargo has made its first move [...]
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Berkshire Eyeing Part the Countrywide?
Categories: As Heard on the Street, Coconut Grove, Community Information, Front Page, Mortgage News, South Florida Market Stats
hiThis mornings Wall Street Journal offers a little food for thought. There is talk in the investment world that Berkshire Hathaway may be in the market to purchase certain parts of Countrywide’s business. Well all know that Mr. Buffet loves a good buy and currently Countrywide’s stock has been beaten down by [...]
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