Recovery Signs

Gino Blefari, CEO of Intero Real Estate, says not to start cheering yet, but there are signs of recovery in the California real estate market. Read on...

Gilroy Today Magazine

Open publication

We like it! Our friends, J. Chris and Larry Mickartz publish this beautiful magazine. They do a great job and they show off lots of good Gilroy things. If you haven't seen an issue, check it out. A new issue is due out in the next couple of weeks so watch for it, too.

Online Search for Homes for Sale - Get the Whole Picture

Gino Blefari, CEO Intero Real Estate, is very proud of the Intero website, and all the bells and whistles available to help home buyers and sellers. This article is about searching for a home through online search services. The Intero website is: http://www.interorealestate.com/.

TIME - How are You Spending Yours?

This is a really cool interactive graphic that our friend on Twitter, VaynerMedia, brought to our attention. Try it.

Loan Modificaions Just Aren't Happening

We know that loan modifications just aren't happening in our service area. Here's an article that explains everything!

Any of You Girls Want to Sell Your House?

Check this out, girls!

A recent Canadian Survey indicates that females who rent, instead of own a home, weight less!

Today Show's Real Estate Minute

We love this regular feature on the Today Show. As a matter of fact, we're working on doing one for Gilroy. Stay tuned!

Visit msnbc.com for Breaking News, World News, and News about the Economy

Gilroy is a Great Place to Live

Gilroy is a great place to live. Here’s another reason why:

The Gilroy High School Choir is led by Phil Robb.

Phil has been a part of the Gilroy Unified School System for over 20 years and is considered a community treasure by anyone who has ever met him, seen him at work, been directed by him, or knows of him.

Phil came to the Gilroy Rotary Club this week and talked about the fabulous trip he was able to organize, for this year’s choir to perform at Carnegie Hall. As always, his leadership was inspiring. He is such a humble man of such great accomplishment that it is an honor for us to know him.

When you’re looking for a place to live, pick a place where people like Phil Robb live and work!

Links to trip videos:

Choir at Carnegie Hall
Choir singing in Harlem
Choir with Composer
Choir Rehearsal for Carnegie Hall

All videos are the property of The Gilroy Dispatch – which is another reason why Gilroy is a great place to live.

Mortgage Market Update

Team Patereau's in-house mortgage agent at Intero Real Estate, Dario Liberati, brought us up to date on the mortgage market. Here's his report:

Last week mortgage bonds had their worst one day performance since October, losing an astounding 206 bps. So what happened and what's next?

The main culprit for the selloff is SUPPLY. The Treasury has literally been printing money by way of Treasury auctions to pay for the massive spending. These hundreds of Billions of dollars of new Bond supply have to be absorbed by the market. The additional supply literally weighs on the entire Bond market and drags prices lower.

Also, when you think of SUPPLY, consider all the refinancing we have been doing and that those loans have been bundled, packaged and sold on Wall Street. This additional SUPPLY has now started to hit the secondary market as those loans are now getting sold. While the Fed has been a buyer, they simply cannot buy enough to balance all the selling.

Economics 101: Anytime supply exceeds demand, prices will move lower. As prices move lower, yields rise. That rise in yield will attract new buyers as they get a higher return on their investment. This is how the market finds balance.

Mortgage bonds have lost a staggering 363 bps since last Thursday. All locked loans are getting closed at a great rate. The new market must unfold to settle at its price.

Rates are better today than at close last Friday, and are still at ALL TIME LOWS!!! Don’t give up hope. Buyers, buy your homes. Values are still in the purchase and prices may not be this affordable in the near future.

Buy-Of-The-Week in Gilroy

Looking over shrinking inventory in Gilroy, we've picked out a really good buy for just the right purchaser. This is a beautiful home that is available right away, and priced VERY attractively at $399,000. Contact Team Patereau to schedule a viewing - and do it today - at this price, and in this condition, this one is going to be gone before the week-end is here.

Here's the specifics on the home:













And here's a picture of the cute and clean kitchen:


But wait - here's the back yard:

No kidding - call or email TODAY!