Posts under ‘In the News’

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 [...]

As we weather this economic storm, there are three essential principles we can count on for the future:
1. Inflation leads to higher interest rates.
2. Houses are selling in high quantities.
3. If you’re a seller, it’s time to cut your price and be decisive; if you’re a buyer, it’s time to purchase or miss out on [...]

With beautiful beaches ideal for surfing and Highway 1 which takes travelers along our breathtaking coastline, it’s no wonder that the San Mateo Coastal area draws in exciting events each year.  We’re pleased to announce the return of two sporting competitions that bring crowds and media coverage our way and highlight all that our coast [...]

One of the many things we love about the San Mateo Coastal area is the great attention to our environment and community.  Residents take pride in tapping into the local flavor of tasty foods grown nearby knowing that they are not only helping nurture the surrounding land, but people’s lives as well.
This is no more [...]

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 [...]

2009 is wrapping up and most people can’t wait for it to be over.  Maybe part of this is finishing the Holiday Season.
It’s been said that the gathering of the clan brings a rush of adrenaline to the calmest.  Holiday stress comes in several forms.  First there is the last minute shopping that the brawny [...]

Blue Moon tonight will not happen again until New Year’s Eve 2028!!!!  Be sure not to miss the second full moon this month.  Check back for the year in review and the 2009 complete market report.  Happy New Year to everyone.

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 [...]

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):