Posts Tagged ‘Federal Reserve’

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 [...]

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 [...]

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 [...]

This is our Fall Selling Season and statistics have been really consistent since Labor Day.  Any sales have been replaced with new listings which are being priced to sell.  Buyers have been out at Open Houses and many are looking for their second or third home as they think about coming to the coast.   Yesterday, [...]

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 [...]

by Rick Turley
Generally speaking the Bay Area real estate market has seen a bit of a bounce this summer with sales increasing in all categories—from the entry level homes and condos to the high-end market. 
National figures showed June with an 11% increase in home sales and the Bay Area seemed to share that trend with [...]

A message from Rick Turley, President, San Francisco Bay Area Coldwell Banker Residential Brokerage
“I was driving home from an office meeting this week and listening to NPR.  Health Care and Town Hall meetings have been taking the spotlight lately, with the recession and the more recently upbeat Dow Jones moving down a few stories.  This in [...]

Alan Greenspan faults the U.S.’s approach in fixing Fannie Mae and Freddie Mac, saying the credit crisis offered an “ideal opportunity” to dismantle the mortgage giants. The former Fed chairman predicted U.S. home prices would reach their bottom in the first half of 2009.
http://online.wsj.com/article/SB121865515167837815.html?mod=djemWMP