Water is a precious resource. Here on the Monterey Peninsula, we take that seriously. So seriously, in fact, that we have an entire water management district to manage this precious resource. It’s called the Monterey Peninsula Water Management District (MPWMD) and was formed in June of 1978. Along with managing and allocating water, the MPWMD promotes water conservation. With these two goals in mind, the MPWMD created a system of water units and fixture credits to keep track of water … Continue reading Don't Forget Water Credits When Buying a Home In Carmel or Elsewhere on the Monterey Peninsula
Don't Forget Water Credits When Buying a Home In Carmel or Elsewhere on the Monterey Peninsula
Posted in Water Issues Tagged Carmel Real Estate, Carmel Valley Real estate, Monterey Peninsula Water Management District, Pebble Beach Real Estate, water credits Comments closed
Carmel Valley Market Update
The 83 homes on the market in Carmel Valley have been on for an average of 175 days. Half the listings are new on the market in the last 126 days. The valley remains firmly at the “buyer’s market” end of the spectrum with a Market Action Index of 7. The median price is just under $1,295,000 where it has been for several weeks. While the median price has leveled off, the price per square foot has been trending downward. … Continue reading Carmel Valley Market Update
Posted in Carmel Valley, Market Update Tagged Carmel Valley Real estate, market report, real estate report Comments closed
Survey Says, Banks Are Tightening Lending Standards
The Federal Reserve recently published their quarterly survey of 84 banks. The survey asks each bank to summarize it’s trends and lending standards and if each bank’s lending guidelines are becoming more or less restrictive. About 75% of the surveyed banks said their standards have tightened for residential mortgage loans. To quote the somewhat dry language of the report, “Large majorities of domestic respondents reported having tightened their lending standards…over the previous three months. About 80%…noted that they had tightened … Continue reading Survey Says, Banks Are Tightening Lending Standards
