Posts under ‘Federal Reserve’

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 [...]

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 [...]

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 [...]

Rick has given us the update on the possibility of extending the tax credit.  Also check the market news from last week for the coast and San Mateo County. “There’s no question that the government’s first-time homebuyer tax credit has spurred a significant amount of sales this year.  Latest estimates show that some 400,000 additional [...]

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 [...]

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 [...]

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 [...]

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 [...]

PACIFICA, CALIFORNIA Active Listings-80 Single Family Homes 8 New Listing this week. Pending Sales-36 Single Family Homes 4 Properties went Sale Pending this week. 29 Closed Sales since January 1, 2009 2 Homes Closed this week. These 29 homes closed between $179,000 and $700,000 HALF MOON BAY through MONTARA, CALIFORNIA Active Listings-150 Single Family Homes [...]

With the Economic Stimulus Package and the Foreclosure Prevention Plan underway, many Americans are anxious to move forward, realizing that there will still be weeks and months of discussion and fine-tuning before all elements will be understood. At the end of the day, some elements will be popular with the majority, perceived as helpful to [...]