Monthly Archives: December 2009

The Planning Dept Wants Your Two Cents

Hate that new monster home across the street from you that never should’ve gotten the thumbs up? Now’s your chance to speak up.

The Planning Department acknowledges a perceived public lack of trust in its discretionary review (DR) process that ultimately approves, rejects and modifies proposed building projects. As part of its improvement efforts, the Department is currently seeking addresses of projects that have been approved and/or built which did not resonate well with the public. The Department wants to analyze these projects in the context of DR reform.Continue Reading

New FHA Condo Rules Restrict Buyers

New Federal Housing Administration (FHA) financing rules for condo buyers are already limiting purchases—particularly in new developments.

The FHA is now limiting the number of buyers who can obtain loans insured by the agency in one building, effective as of Monday. The rules also put limits and a lot more restrictions on loans granted to buyers purchasing units in buildings which have too many delinquent owners, poor finances and high quantities of rentals.Continue Reading

Reader Comments on Ken Rosen’s Theories

Just wanted to pass along some insightful reader comments in response to Ken Rosen’s theories on where interest rates are heading:

“I don’t necessarily disagree, but what did he say about the length of time we can expect rates to stay this low, and what happens when they start to rise? As an economist, he should be pointing out that there is a balance; and that prices will react (decrease) if interest rates are increased.Continue Reading

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Eileen Bermingham

Zephyr Real Estate


BRE# 01352627

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