Stay Informed on the Local Market

Here are the most up to date housing sales statistics for the San Jose and Santa Clara County areas. These are real numbers. Don't miss out on your opportunity to own your very own home before prices go up!

Keep in mind that most buyers miss the most opportune time to buy by at least 6 months! The longer you wait, the higher interest rates get and the less buying power you will have.

Getting pre-approved for a mortgage loan in advance will ensure you don't miss out on any great deals or opportunities that you come across. 100% financing is still available and we are able to qualify home buyers with credit scores as low as 580!

Why rent when you can own? With the First Time Buyers Tax Credit of $7,500 offered by the government and the fact that mortgage interest (and not rent) is tax deductible, it's a great time to buy a home!!

Don't hesitate, call Clay Edwards with Milestone Mortgage today at 1-800-921-2529 for your free loan pre-approval.

One of the many dire predictions done these past few months by many San Jose, CA  ‘bubbleologists’ out there -

that is all those who indulge in the contemplation of bubbles in the San Jose, CA real estate market of all sizes and colors, whether real or imaginary, coming our way - was that by now real estate markets everywhere would be inundated and swept away by a tsunami of foreclosures of apocalyptic proportions.

The general rationale among those specializing in the fine art of staring at crystal balls (or perhaps at several empty bottles of rum) was that the steady increase in interest rates, the consequence of a tightening monetary policy implemented by the Fed since mid-2004, would have led by now to a collapse of the adjustable-rate mortgages (ARMs) market, since consumers could not possibly cope with the increased monthly payments. This, in turn, would dramatically increase mortgage defaults and foreclosures, with the end result that real estate markets everywhere would be flooded with excess inventory at deflated prices, thus causing markets to crash - the tsunami I was talking about.