Along with the beautiful early spring weather, the Bay Area’s housing market is gradually starting to warm up, too. We’re off to a much more robust and healthy start this year, and it’s not just in the lower price ranges. The mid-to-upper level market is picking up from Silicon Valley through the Peninsula and up [...]
Posts Tagged ‘Federal Reserve’
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 [...]
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 [...]
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 [...]
Monday Morning Market Update September 21, 2009 Wk#38
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, [...]
Is the Patient-Buyers & Sellers-Finally out of Intensive Care?
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 [...]
So Much for a Sleepy Summer
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 [...]
What Will the Road To Recovery Look Like?
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 [...]
Alan Greenspan Says Credit Crisis An “Opportunity”…
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
