Along with the beautiful early spring weather, the Bay Area’s housing market is gradually starting to warm up, too. We’re off to a much more robust and healthy start this year, and it’s not just in the lower price ranges. The mid-to-upper level market is picking up from Silicon Valley through the Peninsula and up [...]
Posts under ‘bailout’
THAT SOUND YOU HEAR IS OPPORTUNITY KNOCKING.
THE HOME BUYER TAX CREDIT HAS BEEN EXTENDED AND EXPANDED. Current homeowners can now receive a $6,500 tax credit, while first-time buyers are still eligible to receive an $8,000 credit. But act soon, the opportunity of a lifetime ends April 30th, 2010. First time Home Buyer Credit has now changed 3 times. The biggest change [...]
Changes Again for Buyers starting in the Spring
Thanks to Susan O’Driscol of Princeton Capitol for this update today. “The FHA announced changes to its guidelines yesterday. It will raise the minimum down payment required for borrowers with credit rating scores below 580 to 10%, while the down payment for higher-ranked borrowers would stay at 3.5%. The up-front MI premium is also going [...]
Monday Morning Market Update November 9th Wk#45
This weekend the open houses were very well attended. Lots of new buyers looking to get in on the Tax Credit extention with an April 2010 deadline to enter into a purchase contract. Maybe we’ll see more buyer anxiety thou it is still looking like a buyers market in the Half Moon Bay communities. Pacifica [...]
Tax Credit: Expand? Extend? Expire? Market Update by Rick Turley, President CB SF Bay Area
The question everyone is asking is, will the government expand, extend or simply let the $8,000 first time home buyer tax credit expire. With just over 50 days left until it is expires, the debate is on and everyone is anxiously awaiting the result. Whichever side you take on the debate, what you can’t deny [...]
Monday Morning Market Update September 28, 2009 Wk#39
Our Fall Selling Season is in full swing as Pending sales are consistent in Pacifica and increasing from Half Moon Bay to Montara with last week’s sales being the highest in the last 30 days. The under $700,000 market is the most active. The homes that closed this week were evenly divided with half that [...]
Monday Morning Market Update September 21, 2009 Wk#38
This is our Fall Selling Season and statistics have been really consistent since Labor Day. Any sales have been replaced with new listings which are being priced to sell. Buyers have been out at Open Houses and many are looking for their second or third home as they think about coming to the coast. Yesterday, [...]
Is the Patient-Buyers & Sellers-Finally out of Intensive Care?
We’re seeing signs that the Coast has hit the bottom of the Real Estate Market. We are getting some multiple offers on well priced homes in the lower price range. Investors are looking at the Coast for their second and third homes. Doesn’t everyone want a Cottage at the beach? So let’s look at what Rick Turley has [...]
Are you thinking. . . ?
Are you thinking. . . ? “Maybe now is a good time to move up to a bigger home in the neighborhood where I want to live…I can take advantage of the low interest rates and home prices…But, I won’t get what I want for my current home if I sell now… So, maybe I [...]
Reinvigorating the Housing Market
Just received this information from Rick Turley, Coldwell Banker Residential Brokerage President, San Francisco Bay Area. We hope that the suggestions that Realogy President, Richard Smith made, are taken to heart. Glad to be a part of a company that is working hard for the American consumer, which means you and me. This week Realogy [...]
