REAL Talk with ROBERT ALDANA

Good Time to Buy? Yes and No... Read On

I have been discusing whether it is a good time to buy or not in today's real estate market. For the past three years I said it was not a good time to buy because we have not bottomed out yet and we had no idea when we would be at the bottom of the market.

Wells Fargo Announces Record Profit for Quarter 2 - Now they CAN Hire More Needed Help

The Silicon Valley - San Jose Business Journal reported yesterday that San Francisco based Wells Fargo just announced a record profit in the second quarter of 2011. Good for them, I mean it. They have been one of the more active and responsible lenders in regards to short sales, but still are lacking much needed help with trained staff.

Imagine a more efficient process at Wells Fargo with more people assisting in the short sale process. It would have a tremendous effect on the successful closing of short sales versus the costly effects that foreclosures have on everyone from communities, the economy and the industry. Foreclosures hurt everyone. They drop values and investors are losing billions of dollars.

Hey Wells Fargo; Let's reinvest some of those "record" profits into more help which will in turn give you another record quarter!

MSN Declares San Jose - Sunnyvale - Santa Clara Areas #1 Areas for Rising Values

A recent article came out declaring San Jose - Sunnyvale - Santa Clara area as being the number one city in the country in regards to current and future rising values. According the MSN, the area is predicted to rise 4% in value over the next 12 months and will steadily keep rising.

The article cites increased jobs as being the main factor on this analysis. It stands to reason because more jobs mean more housing demand.

Time will tell if this is a true forecast of course as we have been hearing this type of news for a couple of years now only to see an increase of foreclosures and further job losses. But I can honestly say that we do seem to be close to the bottom of the market. And when you see the bottom of the market, it has nowhere to go but up. But you won't know unfortunately until they rebound.

Rates just came down again yesterday and I am seeing people buy homes with minimal down-payments and fixed rate payments for 30 years that are lower than paying rent. That's gotta be a good sign!

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