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 [...]
Posts Tagged ‘interest rates’
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 [...]
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 October 26, 2009 Wk#43
Still a Buyers Market – HALF MOON BAY through MONTARA,CALIFORNIA with just under half of the listings listed at over 1 Million. The Million plus price range is finally seeing activity. Active Listings-121 Single Family Homes. 52 listed over 1 Million, 15 listed at $900,000 to 1 Million. Pending Sales-36 with 14 listed under $700,000 [...]
Tax Credit: Expand? Extend? Expire? Market Update by Rick Turley, President CB SF Bay Area
The question everyone is asking is, will the government expand, extend or simply let the $8,000 first time home buyer tax credit expire. With just over 50 days left until it is expires, the debate is on and everyone is anxiously awaiting the result. Whichever side you take on the debate, what you can’t deny [...]
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 [...]
Monday Morning Market Update-August 31, 2009 Wk#35
August is one of the slowest months in Real Estate. Last minute vacations are the culprit. The good new for the coast is that this coincides with our typical Summer weather of intermittent fog. We have just a few more weeks before Labor Day when our Fall Selling Season kicks off. September and October are [...]
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 [...]
Monday Morning Market Update – August 24, 2009 Wk#34
August is one of the slowest months in Real Estate. Last minute vacations are the culprit. The good new for the coast is that this coincides with our typical Summer weather of intermittent fog. We have just a few more weeks before Labor Day when our Fall Selling Season kicks off. September and October are [...]
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 [...]
