Christopher Caproni

The best investment on earth is earth.Louis S. Glickman, American real estate investor and philanthropist

Courtesy of Rob Chrisman (11/7/2020): Jokes and memes are flying. Here’s one for you. I grew up in Russia. We had the results long before the polls even opened. Or Did you hear that the NFL announced a team name change? The Pittsburgh Stealers! On a serious note, what happens if an incumbent president doesn’t concede? It is being discussed, as shown in this YouTube TED Talk [r20.rs6.net]; things can become complicated very quickly. (Even if you just watch the first 2-3 m...inutes, it is worth it.) No one wants chaos, which in turn impacts borrowers and the credit markets and impacts our business. Counting and verifying votes correctly is not a sign of chaos. And all indications point to Treasury rates staying relatively low for quite some time, further helping borrowers and lenders. And mortgage-backed security prices have some room to improve And that is good news! See more

What if a US presidential candidate refuses to concede? Our traditions & values are being twisted in front of our eyes. Watch & listen in entirety as Van Jones, attorney, political commentator & former White House official lays out a very real & present danger. https://www.youtube.com/watch?v=WZWRhLW7Y8w&app=desktop

Real estate economist & professor speaks out.

Did you or didn’t you provide the mortgage loan? I’ll never tell! https://apple.news/AQocfEgHVSiiNdZyG1x9SLg

Campfires discovered on the sun and the hottest 30 year mortgage rate ever.

Doing the Work *For those interested in learning more about the role of housing and land use policy in systemic oppression, please read The Color of Law [h9.t.hubspotemail.net] by Richard Rothstein. Or watch this excellent short video introduction [h9.t.hubspotemail.net] **As part of our work, we will be reading and discussing Ibram X. Kendi’s Book: How to Be an Antiracist. [h9.t.hubspotemail.net] ... https://youtu.be/O5FBJyqfoLM opticosdesign.com [h9.t.hubspotemail.net] [h9.t.hubspotemail.net] [h9.t.hubspotemail.net] [h9.t.hubspotemail.net]

One consequence of the recession triggered by COVID-19: An April report from Fannie Mae projects existing home sales will fall by roughly 15% in 2020. Homeownership tenure has steadily increased since the 2007-09 recession, according to data from real-estate research firm Attom Data Solutions; data released by the U.S. Census Bureau in November showed Americans moving at the lowest rate since the government starting keeping track. WSJ April 18-19, 2020

Stimulus check update.

Rates are down. Loan limits are up. I just priced a refinance on a 30 year fixed on a loan of $510,400 @ 3.625% (no points). For a cash-out refinance of the same size the rate was 3.875%. Is it time to pay down high interest debt? Or cash out equity for a second home purchase or gift funds to assist a relative preparing to buy? If you are considering a refinance or purchase, now is a great time to get it done. My team and I are ready to assist you.

Thank you Kobe. RIP.

Be aware of these changes in FICO scoring model that can affect your score.

Future of Home Appraisal?

Check with your local building department to see what their code requirements are.

Start packing! This historic home in Naglee Park won’t last long.....just blocks from SJSU and short drive to Mineta Airport and Avaya Stadium. Eligible for 10% down payment matching with Unison Homebuyer (www.unison.com) Come for lunch! (And 92 degrees!)... Broker tour today (6/12), 10:30-2pm. Griselda Quezada-Chavez - Real Estate Sales & Consulting

Guide to controlling student loan & credit card debt.

Come meet with me with listing agent, Barry Hadsell, tomorrow,Tuesday, May 28th for broker tour from 10:30am-1:30pm

An estimated 42% of private-sector workers don’t have access to a workplace retirement-savings plan. Under the bill just passed by the House, employers without retirement-savings plans would have the option to band together to offer a 401(k) type plan if they choose.

Legislation passes the House which will help you stretch your retirement savings. Consult a financial advisor to find out what this means for.

Progress on the affordable/essential/attainable housing front thanks to the effort of many, including Bruce Dorfman, of Thompson-Dorfman Partners, LLC of Mill Valley. Bruce is a long time resident of Mill Valley, lifetime Detroit Tigers fan, Little League Coach and all round great person with a BIG heart.

You ask me how business is? My answer is.....

Just too good, not to share.

Solid advice for any industry from Hall Willkie, CEO of Brown Harris Stevens, NYC. "Find out information first, and then communicate it. Stay on top of the market and be service-oriented. Get there first and take care of your client's needs to achieve their goals. Be professional and operate with integrity. These are what I consider the 'golden rules' of being a real estate agent."

After misstep with Buy it now button, Agent referral network and direct-buying options surface.

Rates ARE down and inventory is growing.

Words that sell.

If your current rate is 4.5% or higher, a refinance check up may be in order.

If you or someone you know believes that you are a victim of identity theft, you can place a fraud alert on your credit profile. See #’s below.

This extraordinary property is eligible for UNISON down payment participation. Leverage your buying power!

$59,000 per month to rent what?

The equity investment strategy. Call me to learn how Unison can help you buy a home.

Unison and Supreme Lending are helping Bay Area home buyers. https://www.bizjournals.com//residential-real-estate-uniso

BUSINESS TIP OF THE WEEK Fear of failure is paralyzing. Instead of letting fear stop you from trying something new, let it push you to run your ideas by others in your industry, marketing types and friends and to see if that fear is justified.

Tax law change (cap on property tax write off)driving buyer behavior?

Hard to document income? For Non-Qualified (Not backed by Fannie Mae or Freddie Mac) Mortgages such as bank statement and asset depletion, call me. https://www.wsj.com//no-pay-stub-no-problem-unconventional

Warriors new home:

Changes in home purchase buyers.

If you are short on down payment, ask me how UNISON Homebuyer can assist.

Come meet me and listing agent In Your Neighborhood; Karyn Kambur this Saturday from 1-4pm @ 36 Laurelwood Ave., Novato https://www.youtube.com/watch?v=tTqu8SKTXDU

Time to consider refinancing or back in the purchase mode?

As 10 yr U.S. treasury note declines, so do mortgage interest rates.

These are funny. Do you have a real estate snafu story to share?

Should Cities do this and if so, how? Does your community struggle to attract & retain essential services? Why is that?

Hope for home buyers?

Draw inspiration from Colin and his record setting solo adventures in this TedTalk.

HUD reports that homelessness numbers remain unchanged. Rising rents are a contributing factor.

Good news for all borrowers. Starting in 2019 your cell phone bill payment history will affect your credit score. https://www.wsj.com//want-a-better-credit-report-soon-your

Change in rate policy strategy debated by FED. May drop the further gradual language.

BIG news for solar in CA. "It’s officially official. Solar will be required on new California homes starting in 2020.

2019 Conforming loan limits for CA are increasing. https://www.fanniemae.com/singlefamily/loan-limits#

Even with interest rates on the rise, it’s not too late to consider a cash out refinance to payoff off debt (carrying higher rates), make home improvements and improve cash flow. A new stand alone HELOC option is also possible. Let me run the numbers for you. Call me today @ 415-99-6907.

Conventional wisdom is that a downturn hits nonbanks harder than it hits banks, because banks have other businesses to fall back on, but nonbanks tend to be more flexible on their underwriting. They are willing to try new things. Ask me about Supreme Lendings offerings including Bank Statement only loans; 5% down, no MI Jumbo loans; asset depletion; Bridge and Hard money loans; Unison homebuyer....

November outlook. Be sure to watch the short video clip with Corelogics Chief Economist, especially the the buy vs rent analysis.

Building in the Boroughs. Bay Area Developers, where are you? SMART Train, BART and CAL Train lines need to see more high density workforce housing & mixed use built.

The leadership turmoil continues at Wells Fargo. Culture with a cancer?

Internships increase likelihood of getting employment in chosen field.

Did you know? Treasury yields -- specifically the yield on 10-year Treasury Notes -- and mortgage interest rates move in tandem because both are directly tied to the cost of money, which is the interest income that investors demand for lending money through the purchase of Treasury securities

Marin Dog Housing makes the news.

Co-living. Is it for you?

Join me and Valerie Congdon from 1-4pm today at 323 Windchime Drive, Danville, CA. https://app.mytheo.com//94feff25-631f-4443-af4d-3d1d393ca1

Financial Triple Whammy Children’s college loans? Saving for retirement? Caring for aging parents? Student loan debt? A debt consolidation refinance loan can improve your cash flow. Call me.