FHFA Allows Ex-Owners to Buy Back Homes

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Commercial Loft at 1924 Union Street #2 | Oakland, JUST SOLD!

Unique commercial condo is located in a mixed use building. This large Union Street commercial loft with exposed trusses, concrete floors and original industrial windows, JUST SOLD! Michelle Vasey & Andy Read, Brokers/Owners of Caldecott Properties represented the seller.

JUST SOLD! Commercial Loft at 1232 19th Street #9 in Oakland

This large Union Street Commercial Loft with exposed trusses, concrete floors and the original industrial windows, JUST SOLD!

Top unit of Beautiful Edwardian Victorian in popular West Oakland, JUST SOLD!

Many original architectural details remain at 1608 14th Street in Oakland, as well as structural upgrades. This charming Victorian was completely remodeled, both interior and exterior. Upgraded features include: new kitchen with granite counters and stainless steel appliances, new bathrooms with granite and tile. As well as new wiring and plumbing. Easy access to BART, downtown, and freeways. This top unit, JUST SOLD!

Penthouse unit JUST SOLD at the Phoenix Lofts! 737 2nd Street #404, Oakland

Penthouse unit 404, JUST SOLD! It includes the added bonus of its own 400+ square foot rooftop deck area for gardening and sunbathing. Designed by Thomas Dolan Architecture, the Phoenix Lofts at 737 2nd Street embody classic loft characteristics of exposed concrete and ductwork coupled with large windows and flexible, open floor plans. Amenities include garage parking, a community roof deck, common courtyards protected by large skylights, hardwood floors, and kitchens that come complete with professional style gas ranges and granite counters. Jeanine Weller, Realtor® at Caldecott Properties represented the seller.

JUST SOLD! 737 2nd Street #408, Oakland

One of the most spectacular lofts in Jack London Square, JUST SOLD! Located on the top floor of the iconic Phoenix Lofts which was the former home to the 1920s iron works factory who made the majority of Oakland’s manhole covers. This two-story Penthouse live/work loft features 15 foot high ceilings on the main level, a huge chef’s kitchen with Viking range, granite counters and ample storage. The loft also boasts two private outdoor spaces, including a 1,000+ square foot private wrap-around roof deck with views to San Francisco and the Bay. Jeanine Weller, Realtor® with Caldecott Properties represented the seller.

JUST SOLD! 1201 Pine Street #365, Oakland

This condo at the Pacific Cannery Lofts, JUST SOLD! This unit features recessed lighting, engineered flooring and a spacious open floorplan. Building includes a dog washing station as well as a bicycle garage. Great West Oakland location. Lush walkways and courtyards. Gated community and garage parking. Don & Raynette Dunbar, Realtors at Caldecott Properties represented the Seller.

JUST SOLD! 1201 Pine Street #139, Oakland

One of the largest & most popular floor plans in Pacific Cannery Lofts complex. 2 bedrooms + den, 2 baths with 2 parking spaces. Mario Feusier, Broker Associate with Caldecott Properties represented the buyer.

On the fence about Purchasing a Home?

PURCHASING A HOME AND POCKET THE PERKS Since you’re thinking of purchasing a new home, I thought it would be a great time to pass along some of the financial benefits of home ownership: • Mortgage interest and property taxes are usually 100% deductible • Homes typically appreciate over time • Builds equity • Increases borrowing power since a home’s equity is typically used to secure other loans or lines of credit These are just a few of the financial perks of owning a home—there are plenty more. I’m ready to assist you to get into your new home, so when the time is right, feel free to get in touch. Patrick Gardner Mortgage Loan Officer 415-423-1424 Patrick.Gardner@EverBank.com NMLS ID: 378888 Visit my website

Mortgage Time

MORTGAGE TIME Mortgage Market News for the week of Nov. 1, 2013

Compliments of: Patrick Gardner Mortgage Loan Officer NMLS ID: 378888 415-423-1424 Email me Visit my website MANUFACTURING ACTIVITY IMPROVES It was a relatively quiet week for mortgage rates. A slightly more bullish economic outlook from the Fed and stronger than expected manufacturing data were the main influences this week. Good news for the economy is negative for mortgage rates, however, and rates ended the week a little higher. As widely expected, there was no change in Fed policy at Wednesday’s Fed meeting, but Fed officials slightly upgraded their outlook for the economy from the prior statement. Fed officials again stated that they intend to wait for signs of sustained improvement in the labor market before they reduce their bond purchases. The consensus view is that the Fed will begin to scale back its bond purchases in April. The statement left the door open for an earlier start of the taper if the economic data is strong enough. Early in the week, there were few surprises in the economic data and little movement in rates. That changed, though, when stronger than expected manufacturing data pushed mortgage rates higher on Thursday and Friday. The October ISM national manufacturing index rose to the highest level since April 2011, and the October Chicago PMI regional manufacturing index jumped to the highest level since March 2011. The consensus forecasts had been for lower readings due to the government shutdown at the beginning of the month. Investors will be watching to see if other sectors of the economy were similarly unaffected by the shutdown. ALSO NOTABLE • Core CPI inflation was just 1.7% higher than one year ago • The Capacity Utilization Rate rose to the highest level since July 2008 • Eurozone unemployment remained at a record high level of 12.2% • Oil prices dropped to the lowest level in four months WEEK AHEAD Two big reports will dominate the economic news next week. Third quarter Gross Domestic Product (GDP), the broadest measure of economic growth, will be released on Thursday. The Employment report will come out on Friday. As usual, this data on the number of jobs, the Unemployment Rate, and wage inflation will be the most highly anticipated economic data of the month, and it will carry even more weight than normal due to how it will influence Fed policy. Core PCE inflation, Personal Income, and Consumer Sentiment also will be released on Friday. ISM Services, Factory Orders, Leading Indicators, and the Trade Balance are scheduled earlier in the week. Mortgage markets will be closed on Monday in observance of Veterans Day.