Monterey Bay California Real Estate Molly McGee REALTOR Monterey Bay Properties for Sale

<h1>Monterey Bay California Real Estate Molly McGee REALTOR Monterey Bay Properties for Sale</h1> <p>Molly McGee, REALTOR, e-PRO, EcoBroker, GRI, is your resource for finding your California Dream Home. Find a property in Big Sur, Monterey, Carmel, Pebble Beach, Pacific Grove, Carmel Valley, Seaside or Marina. Molly McGee, REALTOR with Keller Williams Realty, will help you sell or purchase a home, or land anywhere on the Monterey Peninsula. Search pre-foreclosures, Foreclosed/REOs/Bank-owned prop</p><table width="100%" height="100%" border="0" cellpadding="0" cellspacing="0"><tr><td height="26"><a class="menuItem" href="/CustomContent.aspx?fp=8467&ID=3581">MY LISTINGS</a></td></tr><tr><td height="26"><a class="menuItem" href="/CustomContent.aspx?fp=7597&ID=3581">Foreclosures</a></td></tr><tr><td height="26"><a class="menuItem" href="/CustomContent.aspx?fp=5485&ID=3581">SEARCH Pre-Foreclosures</a></td></tr><tr><td height="26"><a class="menuItem" href="/CustomContent.aspx?fp=3437&ID=3581">Short Sales</a></td></tr><tr><td height="26"><a class="menuItem" href="/CustomContent.aspx?fp=5487&ID=3581">Help for Homeowners</a></td></tr><tr><td height="26"><a class="menuItem" href="/CustomContent.aspx?fp=1146&ID=3581">Local Events Calendar</a></td></tr><tr><td height="26"><a class="menuItem" href="/CustomContent.aspx?fp=3562&ID=3581">Rentals</a></td></tr><tr><td height="26"><a class="menuItem" href="/HomeValue.aspx?ID=3581">What's My Home Worth?</a></td></tr><tr><td height="26"><a class="menuItem" href="/Search/Default.aspx?ID=3581">Property Search</a></td></tr><tr><td height="26"><a class="menuItem" href="/CustomContent.aspx?fp=1369&ID=3581">Market Stats</a></td></tr><tr><td height="26"><a class="menuItem" href="/PerfectProperty.aspx?ID=3581">Find The Perfect Property</a></td></tr><tr><td height="26"><a class="menuItem" href="/Schools.aspx?ID=3581">Schools</a></td></tr><tr><td height="26"><a class="menuItem" href="/toolkit.aspx?ID=3581">KW Alert</a></td></tr><tr><td height="26"><a class="menuItem" href="/OpenHomes.aspx?ID=3581">Open Homes</a></td></tr><tr><td height="26"><a class="menuItem" href="/Listings.aspx?ID=3581">Featured Listings</a></td></tr><tr><td height="26"><a class="menuItem" href="/OfficeListings.aspx?ID=3581">Office Listings</a></td></tr><tr><td height="26"><a class="menuItem" href="/Buyer/BuyerInformation.aspx?ID=3581">Buyer Information</a></td></tr><tr><td height="26"><a class="menuItem" href="/Seller/SellerInformation.aspx?ID=3581">Seller Information</a></td></tr><tr><td height="26"><a class="menuItem" href="/Calculators.aspx?ID=3581">Calculators</a></td></tr><tr><td height="26"><a class="menuItem" href="/movingTips/MovingTips.aspx?ID=3581">Moving Tips</a></td></tr><tr><td height="26"><a class="menuItem" href="/RealEstateGlossary.aspx?ID=3581">Real Estate Glossary</a></td></tr><tr><td height="26"><a class="menuItem" href="/CustomContent.aspx?fp=1267&ID=3581">Community Links</a></td></tr><tr><td height="26"><a class="menuItem" href="/CustomContent.aspx?fp=2599&ID=3581">Blog</a></td></tr><tr><td height="26"><a class="menuItem" href="/Testimonials.aspx?ID=3581">Testimonials</a></td></tr><tr><td height="26"><a class="menuItem" href="/CustomContent.aspx?fp=3515&ID=3581">Monterey Bay Attractions</a></td></tr><tr><td height="26"><a class="menuItem" href="/CustomContent.aspx?fp=3561&ID=3581">GREEN Topics</a></td></tr><tr><td height="26"><a class="menuItem" href="/CustomContent.aspx?fp=3563&ID=3581">Lenders</a></td></tr><tr><td height="26"><a class="menuItem" href="/CustomContent.aspx?fp=3603&ID=3581">Hotels</a></td></tr><tr><td height="26"><a class="menuItem" href="/CustomContent.aspx?fp=3712&ID=3581">Vacation Homes</a></td></tr><tr><td height="26"><a class="menuItem" href="/CustomContent.aspx?fp=4064&ID=3581">Local Issues</a></td></tr><tr><td height="26"><a class="menuItem" href="/CustomContent.aspx?fp=4435&ID=3581">1031 Exchanges</a></td></tr><tr><td height="26"><a class="menuItem" href="/About.aspx?ID=3581">About Me</a></td></tr><tr><td height="26"><a class="menuItem" href="/Contact.aspx?ID=3581">Contact Me</a></td></tr><tr><td height="26"><a class="menuItem" href="/CustomContent.aspx?fp=5502&ID=3581">Weather</a></td></tr> <tr><td><a class="menuItem" href="/Search/PropDetail.aspx?ID=3581&parent=listings&listingID=18-1-81040897&pso=livingArea%20ASC">28082 BARN WAY, Carmel Valley</a></td></tr><tr><td><a class="menuItem" href="/Search/PropDetail.aspx?ID=3581&parent=listings&listingID=18-4-81031499&pso=livingArea%20ASC">1339 DAVID AVE, Pacific Grove</a></td></tr><tr><td><a class="menuItem" href="/Search/PropDetail.aspx?ID=3581&parent=listings&listingID=18-2-81031512&pso=livingArea%20ASC">145 15TH ST, Pacific Grove</a></td></tr><tr><td><a class="menuItem" href="/Search/PropDetail.aspx?ID=3581&parent=listings&listingID=18-4-81021878&pso=livingArea%20ASC">4235 CANADA LN, Carmel</a></td></tr><tr><td><a class="menuItem" href="/Search/PropDetail.aspx?ID=3581&parent=listings&listingID=18-4-81020489&pso=livingArea%20ASC">1205 BENBOW PL, Pebble Beach</a></td></tr> </table> <p>Your Monterey Bay California Real Estate Advisor</p><p><font style="font-family: Verdana" size="3"><span style="font-size: 10pt"><span style="font-family: Verdana; font-size: 10pt"><span class="article_title"><span class="article_title"><span class="article_title"><span style="color: #003366"><span style="font-family: Verdana"><span class="article_title"> <p class="date_page"><span><span></p> <span><font size="3" face="Comic Sans MS"><span style="font-family: Arial"><span style="font-family: "><font style="font-family: " size="3" face="Comic Sans MS"><span class="article_title"><span style="font-family: Verdana"><span style="font-family: " class="article_title"><span style="font-size: 10pt"><span class="article_title"><span style="font-family: Verdana; font-size: 10pt"><span style="font-family: " class="article_title"><span style="color: #000000"> <div style="border-bottom: medium none; text-align: left; border-left: medium none; background-color: transparent; color: #000000; overflow: hidden; border-top: medium none; border-right: medium none; text-decoration: none" class="date_page"> <div><strong>Ho<span class="article_title">me Prices in California Jump in May</span></strong> </div> <div>Daily Real Estate News  <strong>|  </strong>June 18, 2010  </div> <div><br /> <font size="2" face="Arial">Median home prices in California rose to $278,000 in May, up 20.9 percent from May 2009, according to MDA DataQuick, which tracks real estate data in the state.</font><br /> <br /> <font size="2" face="Arial">Low mortgage rates and the tax credits encouraged the sales of lower- and higher-priced homes, pushing up the median price, says DataQuick President John Walsh.</font><br /> <br /> <font size="2" face="Arial">Walsh cautioned that there are many homes in foreclosure that haven’t been repossessed by lenders. If lenders take control of these properties and put them on the market, those sales will have a very negative effect on prices, he says.</font><br /> <br /> <em><font size="2" face="Arial">Source: Associated Press, Jacob Adelman (06/17/2010)</font></em></div> </div> <div style="border-bottom: medium none; text-align: left; border-left: medium none; background-color: transparent; color: #000000; overflow: hidden; border-top: medium none; border-right: medium none; text-decoration: none" class="date_page"> </div> <div style="border-bottom: medium none; text-align: left; border-left: medium none; background-color: transparent; color: #000000; overflow: hidden; border-top: medium none; border-right: medium none; text-decoration: none" class="date_page">RISMEDIA, January 19, 2010<br /> —(MCT)-After a month of intense pressure on banks and other mortgage servicers, the Obama administration recently reported improvement in its much-criticized program to reduce mortgage payments to stave off foreclosures.</div> <p style="border-bottom: medium none; text-align: left; border-left: medium none; background-color: transparent; color: #000000; overflow: hidden; border-top: medium none; border-right: medium none; text-decoration: none" class="date_page">The number of temporary loan modifications that had been made permanent had more than doubled to 66,465 as of Dec. 30, 2009, the Treasury Department said.</p> <p style="border-bottom: medium none; text-align: left; border-left: medium none; background-color: transparent; color: #000000; overflow: hidden; border-top: medium none; border-right: medium none; text-decoration: none" class="date_page">In addition, another 46,056 three-month trial mortgage modifications were approved and awaiting only the homeowner signatures before they were made permanent as well. As of Nov. 30, 2009, only 31,382 mortgages had been permanently modified. California led the nation with 13,353 permanent modifications as of the end of last month, and 158,935 active trial modifications.</p> <p style="border-bottom: medium none; text-align: left; border-left: medium none; background-color: transparent; color: #000000; overflow: hidden; border-top: medium none; border-right: medium none; text-decoration: none" class="date_page">Mortgage servicers have been slow to turn the three-month trial modifications into permanent ones amid complaints from homeowners of lost paperwork and other bureaucratic run-arounds. Although the pace picked up in December after the administration increased its scrutiny and even threatened banks with fines, the number of permanent modifications was still low compared to the trials started.</p> <p style="border-bottom: medium none; text-align: left; border-left: medium none; background-color: transparent; color: #000000; overflow: hidden; border-top: medium none; border-right: medium none; text-decoration: none" class="date_page">As of Dec. 30, there were 697,026 active trial modifications. To be eligible, homeowners must be at least two months behind on their payments. But with 2.8 million foreclosures last year, according to RealtyTrac, and filings in December up 14% from the previous month, the administration’s Home Affordable Mortgage Program isn’t doing enough to stem the tide of foreclosures, critics said. The program provides incentives to mortgage servicers to reduce monthly payments for struggling homeowners.</p> <p style="border-bottom: medium none; text-align: left; border-left: medium none; background-color: transparent; color: #000000; overflow: hidden; border-top: medium none; border-right: medium none; text-decoration: none" class="date_page">“Serious people inside and outside the administration have thought this through, and we all understand that a more substantial response is needed,” said John Taylor, president of the National Community Reinvestment Coalition. “The question is: Does the political will exist to force the banks to modify loans?”</p> <p style="border-bottom: medium none; text-align: left; border-left: medium none; background-color: transparent; color: #000000; overflow: hidden; border-top: medium none; border-right: medium none; text-decoration: none" class="date_page">Administration officials said they realize more needs to be done, but said the program is on pace to meet its target of 3 million to 4 million modifications by 2012.</p> <p style="border-bottom: medium none; text-align: left; border-left: medium none; background-color: transparent; color: #000000; overflow: hidden; border-top: medium none; border-right: medium none; text-decoration: none" class="date_page">“We believe there is much more work to be done to make sure the program is running right and stabilize our housing market and the broader economy, but we’re encouraged very much by the efforts we’ve seen to date,” said Michael S. Barr, assistant Treasury secretary for financial institutions.</p> <p style="border-bottom: medium none; text-align: left; border-left: medium none; background-color: transparent; color: #000000; overflow: hidden; border-top: medium none; border-right: medium none; text-decoration: none" class="date_page">Overall, 25% of eligible homeowners had trial or permanent modifications, the Treasury Department said. Some large mortgage servicers had extended trial or permanent modifications to at least a third of eligible homeowners as of Dec. 30.</p> <p style="border-bottom: medium none; text-align: left; border-left: medium none; background-color: transparent; color: #000000; overflow: hidden; border-top: medium none; border-right: medium none; text-decoration: none" class="date_page">“You have some banks that really did step up to the plate quickly and others whose results were disappointing and need to do much better,” Barr said.</p> <p style="border-bottom: medium none; text-align: left; border-left: medium none; background-color: transparent; color: #000000; overflow: hidden; border-top: medium none; border-right: medium none; text-decoration: none" class="date_page">(c) 2010, Tribune Co.</p> <div style="border-bottom: medium none; text-align: left; border-left: medium none; background-color: transparent; color: #000000; overflow: hidden; border-top: medium none; border-right: medium none; text-decoration: none" class="date_page"><br /> <div style="border-bottom: medium none; text-align: left; border-left: medium none; background-color: transparent; color: #000000; overflow: hidden; border-top: medium none; border-right: medium none; text-decoration: none" id="TixyyLink"><strong>U.S. Consumer Confidence Reaches Highest Level Since September 2008</strong><br /> <br /> Read more: <a href="http://rismedia.com/2010-01-18/u-s-consumer-confidence-reaches-highest-level-since-september-2008/#ixzz0d7yshD7F">http://rismedia.com/2010-01-18/u-s-consumer-confidence-reaches-highest-level-since-september-2008/#ixzz0d7yshD7F</a><br /> </div> <br /> Read more: <a href="http://rismedia.com/2010-01-18/mortgage-modifications-double-in-december-2009/#ixzz0d7v1KOZM">http://rismedia.com/2010-01-18/mortgage-modifications-double-in-december-2009/#ixzz0d7v1KOZM</a><br /> </div> <div class="date_page"><br /> </div> <div style="border-bottom: medium none; text-align: left; border-left: medium none; background-color: transparent; color: #000000; overflow: hidden; border-top: medium none; border-right: medium none; text-decoration: none" id="TixyyLink" class="date_page"> <p>RISMEDIA, January 19, 2010—After declining throughout much of 2009, American consumer confidence improved sharply in January 2010, returning to levels not seen since the financial crisis began in September 2008, according to the most recent results of the RBC CASH (Consumer Attitudes and Spending by Household) Index. Driven by the largest-single-month gain in expectations for jobs since the inception of the Index eight years ago, the RBC Index for January 2010 stands at 58.3, up 19.3 points from its December 2009 reading of 39.0.</p> <p>“This month’s RBC Index has risen to levels not seen since the financial crisis hit with full force,” said RBC Capital Markets U.S. economist Tom Porcelli. “The latest increase seems to be based on the recent string of positive economic news. This bodes well for continued improvement in consumer confidence, which will be crucial to economic recovery.”</p> <p>The RBC Index is a monthly national survey of consumer attitudes on the current and future state of local economies, personal finance situations, savings and confidence to make large investments. The Index is composed of four sub-indices: RBC Current Conditions Index; RBC Expectations Index; RBC Investment Index; and, RBC Jobs Index.</p> <p><strong>Highlights of the survey results include:</strong></p> <p>-Americans’ confidence in the job market improved dramatically this month, as evidenced by a 16.5 point increase in the RBC Jobs Index to 67.9 – the largest single-month gain ever observed in the Index. Declining job losses correspond with consumers’ sense of job security- according to the Index, 30% of consumers feel more confident about their jobs. Likewise, concern that job losses are looming has declined over the last month. Personal job loss experience improved in January, with 62% of consumers reporting job loss in their immediate circle, compared to the high of 71% in December.</p> <p>-Consumers’ economic outlook also brightened considerably this month, sending the RBC Expectations Index to 67.6, up 27.2 points from December’s level of 40.4 and the highest level since September 2008. An increase in consumer’s expectations for both their local economies and their personal finances coupled with gains in job security resulted in the overall Expectations Index improving. Currently, 38% of consumers believe the economy in their community will be stronger six months from now (compared to 35% last month), while only 15% believe it will continue to weaken (compared to 19% in December.)</p> <p>- Fueled by a striking increase in consumer optimism, the RBC Current Conditions Index also reached a 15-month high in January as it climbed to 51.6, up 14.6 points from last month’s reading of 37.0. The percentage of consumers rating their personal financial situation as strong increased to 25% this month from 21% in December. The share of Americans’ rating their personal financial situation as weak held steady at 32%, the same reading as in December.</p> <p>-Mirroring the improvement in the overall index and the current conditions index, the RBC Investment Index advanced 11.2 points this month to 58.1, compared to December’s 46.9 level. Consumers who feel confident about investing for the future held steady in January at 33% more confident, compared to 35% in December. Consumer comfort levels for investing in the stock market also edged up, with 37% saying that now is a good time to invest in the stock market, compared to 32% in December. Americans are also feeling more confident about investing in real estate. In January, 44% of consumers said they believe the next month will be a good time to buy real estate, compared to only 41% last month.</p> <p>For more information, visit <a href="http://www.rbc.com/" target="_blank">http://www.rbc.com/</a>.</p> <br /> <br /> Read more: <a href="http://rismedia.com/2010-01-18/u-s-consumer-confidence-reaches-highest-level-since-september-2008/#ixzz0d7yXVwpA">http://rismedia.com/2010-01-18/u-s-consumer-confidence-reaches-highest-level-since-september-2008/#ixzz0d7yXVwpA</a><br /> </div> <div class="date_page"><br /> <br /> <strong>Affordability Rises</strong><br /> <strong>Entry-level housing affordability reaches 64 %</strong> <br /> The percentage of households that could afford to buy an entry-level home in <span id="lw_1259536939_29" class="yshortcuts">California</span> stood at 64% in the third quarter of 2009, compared with 55% for the same period a year ago, according to a report released last week by C.A.R.  The Index is the most fundamental measure of housing well-being for first-time buyers in the state.<br /> <br /> </div> <p style="margin: 0in 0in 0pt" class="MsoNormal">The minimum household income needed to purchase an entry-level home at $247,150 in California in the third quarter of 2009 was $43,500, based on an <span id="lw_1259536939_30" class="yshortcuts">adjustable interest rate</span> of 4.79 percent and assuming a 10 percent down payment. First-time buyers typically purchase a home equal to 85 percent of the prevailing median price. The monthly payment including taxes and insurance was $1,450 for the third quarter of 2009.<br /> <br /> </p> <p style="margin: 0in 0in 0pt" class="MsoNormal">At 85 percent, the High Desert region was the most affordable area in the state. The <span style="border-bottom: medium none; background: none transparent scroll repeat 0% 0%; cursor: hand" id="lw_1259536939_31" class="yshortcuts">San Luis Obispo County region</span> was the least affordable in the state at 47 percent, followed by the San Francisco Bay region at 49 percent.</p> </span></span></span></span></span></span></span></span></span></font></span></span></font></span></span></span></span></span></span></span></span></span></span></font></p><p><p><span style="font-family: Verdana"><span style="font-size: 10pt">Search for information not just on real estate in Monterey Bay California, but also for local events & attractions, loan information and market statistics. I’ve gathered a wealth of information here to help you with all of your real estate needs – from all the latest property listings to great information for both home buyers and sellers.</span></span></p> <div><span style="font-family: Verdana"><span style="font-size: 10pt">Click on any link to the left to get started. Enjoy these tremendous online tools and remember that you can also count on me to help you every step of the way. Please contact me if there is anything I can do to help you.</span> <div> </div> <div style="font-family: Verdana; font-size: 10pt">My job is to help you acheive your real estate goals. I represent buyers and sellers in the entire Monterey Bay - Carmel, Carmel-by-the-Sea, the Carmel Highlands, Carmel Valley, Big Sur, Del Rey Oaks, Marina, Monterey, Pacific Grove, Pebble Beach, Salinas, and the South Coast. </div> </span></div></p>