Mar 11th, 2010
by Kathy Rain.
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 [...]
Jan 31st, 2010
by Kathy Rain.
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 [...]
Dec 31st, 2009
by Kathy Rain.
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 [...]
Dec 14th, 2009
by Kathy Rain.
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 [...]
Nov 30th, 2009
by Kathy Rain.
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 [...]
Nov 9th, 2009
by Kathy Rain.
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 [...]
Nov 2nd, 2009
by Kathy Rain.
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 [...]
Oct 19th, 2009
by Kathy Rain.
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-120 Single Family Homes. 52 listed over 1 Million, 15 listed at $900,000 to 1Million.Pending Sales-41 with 11 listed under $600,000 and [...]
Oct 12th, 2009
by Kathy Rain.
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 [...]
Sep 19th, 2009
by Kathy Rain.
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 [...]