Super Bowl Sunday can’t come fast enough for the real estate market. Historically, this is when the floodgates open and sellers start putting their homes on the market. Good news for Buyers but not as good for Sellers. Read what is happening in the Bay Area below.
“What’s happening? First-time buyers are rushing to take advantage [...]
Posts under ‘Home Values’
Sellers Now Have a Short Window of Opportunity
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 came in December [...]
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 from [...]
Monday Morning Market Update – Wk#49 December 14, 2009
Half Moon Bay to Montara had 8 new listings this week with 4 of them listed over $999,000. Total active listings are 104 as the year is winding down to a close. 2 properties went sale pending this last week with one that was listed over a million and the other under $550,000. YTD sales [...]
Monday Morning Market Update Wk#48 December 7, 2009
This past week, our listings all had multiple showings. The open houses this past Sunday were slow. Could have been the weather, the football games or the season. This will be the time that will be remembered as having some of the best real estate deals. Inventory is low due to homes taken off the market as [...]
Monday Morning Market Update November 30, 2009 Wk#47
Buyers were out again this weekend and seriously looking with their agents. This will be the time that will be remembered as having some of the best real estate deals. Inventory is low due to homes taken off the market as the Holiday Season approaches.
Still a Buyers Market – HALF MOON BAY through MONTARA,CALIFORNIA with just [...]
Monday Morning Market Update November 23, 2009 Wk#46
This weekend the open houses were very well attended once again. Buyers are looking at properties for the second or third time, still trying to make a decision to purchase. Some buyers have lost a few houses they liked due to waiting too long to make an offer before the house got sold. A home that [...]
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 [...]
It’s on the Table by Rick Turley, Coldwell Banker SF Bay Area President
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 sales [...]
Market Trends in El Granada, Half Moon Bay, Montara, Moss Beach and Pacifica – October 2009
Click each of the graphs below to view the graph and a sales data table for each area. The graphs link to PDF documents that show sales detail for each community (on page 2).
El Granada, Half Moon Bay, Montara, Moss Beach (click graph to view 2-page PDF document):
Pacifica (click graph to view 2-page PDF document):
