Posts under ‘Market Updates’

With the unpredictability of interest rate movements, now is a great time to buy.  Today’s low rates coupled with the Homebuyer Tax Credit will make a difference for many of you who are buying in the $800,000 and below price range.
In late January the Federal Reserve met and confirmed that the Mortgage Backed Securities (MBS) [...]

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 [...]

We are pleased to share the following 2009 year-end market reports for Pacifica, Half Moon Bay, El Granada, Montara, Moss Beach and Pacifica California.

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 [...]