A Winning Combination!

Coldwell Banker and Jessica Hays….
A Winning Combination

I am honored to announce that I have joined forces with Coldwell Banker, one of the most widely respected and trusted real estate names in the nation.

I am certain that my progressive approach to marketing, dedication to perfection and uncompromising service, combined with the unparalleled resources available through Coldwell Banker will create a winning combination.

Together, we are poised to deliver the highest degree of service through our unmatched global network, nationally acclaimed marketing resources and knowledge of the local Elk Grove market.

Please feel free to count on me to be your real estate resource. I am happy to keep you informed with up-to-date market information, and will continue to answer any questions you may have. For expert representation in buying or selling your home contact me today.

From the first time home buyer to the savvy investor; From the seller with equity to the seller underwater and needing options… I am here for you.



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8 Ways to Cool Your Home Naturally

The warm weather is fast approaching, and with energy costs climbing annually, keeping your house cool in summer can be a wallet-emptying exercise. Finding natural ways to keep cool can save you hundreds of dollars in a single season.woman with fan 400x317

  1. Plant deciduous trees on the south and west sides of your house where you receive the most sunlight. Their leaves will provide cooling shade in the summer, and, when they shed in the winter, allow the sun to help warm your home. According to the USDA Forest Service, trees properly placed around buildings can reduce air conditioning needs by 30 percent and can save 20 to 50 percent of the energy used for heating.
  2. Use trees or shrubs to shade your air conditioning unit, windows or the sides of the house receiving direct sunlight.
  3. Open your windows at night when it’s coolest and shut them during the day to keep the cool air in and the hot air out.
  4. Place a fan at the open basement door to bring cool basement air onto your main living level. Likewise, ceiling fans set to blow down provide exceptional cooling. Oscillating fans will also mimic tropical breezes, and, combined with some Hawaiian music and a cool fruit drink help remind you of why you waited all winter for summer heat.
  5. Install white (reflective) window shades, blinds, or curtains and keep them closed during the days to keep the heat out.
  6. Check out the latest green “air cooler,” such as mini eco-ice coolers and ice air coolers. They use up to 75 percent less energy than air conditioners and can cool up to 150 square feet.
  7. Realize that up to 60 percent of the heat entering your home comes through the ceiling and walls. If your attic insulation isn’t up to snuff, upgrade it. Moving from three inches of insulation to 12 inches can cut cooling costs by 10 percent.
  8. Finally, check into the feasibility of outdoor awnings over windows, and window tinting such as 3M Scotchtint™ which reflects up to 79 percent of the heat that would come through windows. Strategic investments today can pay for themselves in months and make summer much more enjoyable. Also, any upgrades you make to lower cooling costs will be beneficial when listing your home.

From the first time home buyer to the savvy investor – from the seller with equity to the seller underwater and needing options – I am here for you.

Mortgage Market Update from Our Expert

You all know by now that I like to keep you well informed on the goings on of the mortgage market by keeping you posted with what Monica Jones, Certified Mortgage Planner with RPM Mortgage, has to say about it.  Below you’ll find her notes on the market for this week.

From the first time home buyer to the savvy investor – from the seller with equity to the seller underwater and needing options – I am here for you.

 

 


 

 

Last Week in Review: Our hearts and minds – as well as the markets – were moved by the tsunami in Japan and unrest in Saudi Arabia. Read how both impacted Bonds and home loan rates!

Forecast for the Week: Double dose after double dose hits the news wires this week. Find out what to watch and why!

View: Discover the pros, cons, and interesting tidbits about Daylight Saving Time, which begins this week.

Last Week in Review
“And now… the rest of the story” – Paul Harvey. With his famous line, Paul Harvey pointed out for years that there’s more to every story – and often those hidden details influence what happened. With that in mind, let’s look at the “rest of the story” behind last week’s news items, which had alternating impacts on Bond prices and home loan rates. 

First, let us start by sending our thoughts and prayers to the families affected by last week’s earthquake and tsunami in Japan. The earthquake was a magnitude of 8.9 – the strongest in 140 years. The earthquake in Japan and its damage created some counterintuitive market reactions.

One would think that US Treasuries and Mortgage Bonds would have traded much higher, as often is the case with devastating natural events that drive money into “safe haven” trades. But that wasn’t the case. Why? The answer is that buying of Treasuries and Mortgage Bonds as a safe haven trade was offset by the Japanese selling some of their own massive holdings of Treasuries and Mortgage Bonds, in order to repatriate money back to their country during the time of emergency. Considering that Japan is the second largest holder of U.S. debt at $877 Billion, selling just a tiny position of their holdings has an impact on Bond prices.

In addition, Bond prices traded in very volatile fashion last week after getting jockeyed around on news out of Saudi Arabia that police had opened fire on protesters with rubber bullets. Let’s look at how this influenced the markets in a different way than one might at first imagine.

Like other recent uprisings in the Middle East, Saudi protesters are looking for more democracy, the right to elect public officials, greater civil rights, freedom of expression, more women’s rights and a higher minimum wage. Interestingly, however, oil fell last week, despite the news. Why? Shouldn’t unrest in Saudi Arabia – the world’s largest oil producer, push prices higher? Yes, but that news was offset by the earthquake in Japan. That’s because Japan is a huge importer of oil… and the market senses that the earthquake and subsequent tsunami may create an economic slowdown and diminish the demand for oil.

Seeing that Mortgage Bonds are lower – even in the face of weak Stocks and enormous uncertain global news – tells us that the gains in Bonds are not coming with a lot of conviction and Traders are selling into this strength. This is because a lot of headwinds remain for Bonds – like inflation abroad, rising government debt and continued QE2 purchases.

This is a good example of why it is important to work with a mortgage professional that understands not only what was reported in the news, but also how the many cross currents may have alternating effects on everything from Bonds, Stocks, Oil to the US Dollar.

Forecast for the Week
“Double dose!” is the phrase of the week, as we’ll see multiple reports this week focusing on the same segments of the economy: 

Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result.

As you can see by the arrows in the chart below, Bond prices experienced some up-and-down volatility last week, but ended the week near where they began – meaning home loan rates are still near historic lows.

So what should you do if you or someone you know is in the market for a new home?

The bottom line is that even if housing were to drop a little further in some areas, the affordability coming from today’s rates serves as a backstop against any moderate price reduction. Remember, housing will likely be in a much better position in the second half of the year and at that time rates could be a bit higher. Now’s the time to take advantage of the combination of low rates and affordable housing. Call or email today to get started.

Japanese Candlestick Chart

 

Sping Forward Beginning March 13

Daylight Saving Time (DST) begins on Sunday, March 13, 2011. The way we refer to time zones also changes. For example, Eastern Standard Time (EST) becomes Eastern Daylight Time (EDT).

But remember, some areas of the United States don’t use DST, such as Arizona, Puerto Rico, Hawaii, the US Virgin Islands and American Samoa.

Benefits of Daylight Saving Time

Despite some concerns, Americans overwhelmingly like Daylight Saving Time. There is simply more sunlight in the evenings to enjoy the outdoors and get things done. Plus, additional hours of daylight can help save energy on a national scale – as much as 100,000 barrels of oil per day according to some estimates.

And brighter is safer. Studies have shown that the DST shift reduces traffic accidents. Additionally, a study by the US Law Enforcement Admin also determined that crime is consistently lower during DST, with violent crimes down as much as 10% to 13%. For many crimes, like mugging, darkness is a factor–so more light in the evening hours reduces these types of crimes.

Cons of Daylight Saving Time

Not everyone benefits from DST. For example, many farmers say that DST has a negative impact on their livestock’s natural schedules. The airline industry also reports that it costs millions of dollars to adjust time schedules – and even then, airlines report numerous problems with international flight connections during the transition time since DST isn’t followed uniformly around the world.

Interesting DST Facts

  • A man was actually able to avoid the draft for the Vietnam War using a Daylight Saving Time loophole. When he was born, it was just after midnight, DST. When he was drafted, he successfully argued that in his home state of Delaware, standard time – not DST – was the official time for recording births. So he was technically born on the previous date – which had a much higher draft lottery number – and he was able to avoid being drafted.
  • In September 1999, the West Bank was on Daylight Saving Time, while Israel had switched back to standard time. A group of West Bank terrorists prepared some timed bombs. Unfortunately for them, they misunderstood the time change and the bombs exploded early – killing the terrorists themselves rather than the intended victims, two busloads of innocent citizens.
  • In the 1950s and 60s, each state and locality was permitted to choose start and end DST dates as they desired. During 1965, Minneapolis and St. Paul – which are considered one metropolitan area – didn’t agree on start dates, and for a period of time, these Twin Cities had a one hour time change between them. And on one Ohio to Virginia bus route, passengers technically had to change their watches seven times in 35 miles!
  • To keep to their published timetables, Amtrak trains cannot leave a station before the scheduled time. So when the clocks “fall back” in the fall, all trains that are running on time actually stop at 2 am – the official time of DST change – and wait one hour before resuming their routes. In the spring, the routes instantaneously become one hour behind schedule, but they just keep going and do their best to make up the time.

Finally, since many electronic devices and computer programs are set to adjust to DST based on the old dates, they may not change automatically on March 13. So, you’ll want to double-check all of your devices and confirm that the time is correct.
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Economic Calendar for the Week of March 14-18, 2011

Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise.

Economic Calendar for the Week of March 14 – March 18

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Tue. March 15
08:30
Empire State Index
Mar
17.0
15.43
Moderate
Tue. March 15
02:15
FOMC Meeting
Mar
HIGH
Wed. March 16
08:30
Housing Starts
Feb
551K
596K
Moderate
Wed. March 16
08:30
Building Permits
Feb
570K
562K
Moderate
Wed. March 16
08:30
Producer Price Index (PPI)
Feb
0.6%
0.8%
Moderate
Wed. March 16
08:30
Core Producer Price Index (PPI)
Feb
0.2%
0.5%
Moderate
Thu. March 17
10:00
Index of Leading Econ Ind (LEI)
Feb
0.9%
0.1%
Low
Thu. March 17
09:15
Capacity Utilization
Feb
76.5%
76.10%
Moderate
Thu. March 17
09:15
Industrial Production
Feb
0.6%
-0.1%
Moderate
Thu. March 17
08:30
Core Consumer Price Index (CPI)
Feb
0.1%
0.2%
HIGH
Thu. March 17
08:30
Consumer Price Index (CPI)
Feb
0.4%
0.4%
HIGH
Thu. March 17
08:30
Jobless Claims (Initial)
3/12
387K
397K
Moderate
Thu. March 17
10:00
Philadelphia Fed Index
Mar
28.0
35.9
HIGH