Buying a home which needs renovation can be challenging. Lenders provide limited and expensive mortgages on homes which are in poor condition. The FHA 203(k) backed loans protect lenders by having the loan insured before the condition and value of the property provides adequate security. This reduces the cost to the borrower. The program enables […]
FHA 203(k) Loans – purchase (or refinance) and renovate Read More »
The attendance boundary between Addison and Walter Hays Elementary Schools is expected to be changed and finalized Jan 29. The proposed boundary change moves the west boundary of Walter Hays over to Kingsley Ave plus adds the area bounded by Middlefield Rd, Channing Ave, and Mellville Ave to Walter Hays. Dozens of students have been
Palo Alto Schools – Addison Boundary Change Read More »
A 1.67 acre parcel next to Terman Middle School, which is owned by Bowman International School, may become available to expand Terman middle school. Bowman International School is looking for a larger site and may sell the current site to the Palo Alto Unified School District. Terman Middle School is the smallest of Palo Alto’s
Palo Alto Schools – Expand Terman Middle School? Read More »
Vanguard discussed the possibility that Moody’s Investors Service may be the second major credit agency to downgrade U.S. government debt. If lawmakers are thought to be unable/unwilling to control government debt, Moody’s may remove the federal government from the top of its credit scale. In August 2011, Congressional wrangling on federal borrowing limits helped prompt Standard &
Federal Debt – a spreading fire? Read More »
The S&P Case-Shiller housing index shows nationwide home prices have climbed 3.6% year over year. In the third quarter the index climbed 2.2% over the second quarter of 2012. The increased real estate prices we’ve seen locally are much stronger than the nationwide index but housing prices are climbing nationwide. “Home prices rose in the
Case-Shiller Index – Prices Up 3.6% year over year Read More »
