Posts under ‘Home Values’

You’ve decided to purchase a home and take advantage of the Extended Home Buyer Tax Credit. Here’s what you have to do to get your benefit:

Close on your home purchase between November 7, 2009 and April 30, 2010, or have a binding written contract by April 30, 2010 and close by July 1, 2010.
 Decide whether [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]