Here is a article just posted by the CALIFORNIA ASSOCIATION OF REALTORS® . Though offered for a limited time, these credits are especially valuable for both first time home buyers and for long time owners that purchase a property that has never been occupied (perhaps a newly constructed condo), that will become their primary residence. You [...]
Last week, Barbara Corcoran, Real Estate Expert for the Today Show cited the top five city home markets which were stabilizing and poised for recovery. She used the following as her criteria for evaluation: - Affordability - Low rate of foreclosures - Appreciation (per the National Association of Realtors) - Strong job market & low unemployment [...]
For Buyers, interest rates remain near historic lows (with many pundits expecting a jump if the Fed stops buying mortgage bonds on March 31st as planned); the home-buyer tax credits have been extended through April 30th ($6500 to $8000, subject to various conditions); and we appear to be at, near or just past the bottom [...]
By CONOR DOUGHERTY and JOHN D. MCKINNON Sales of existing homes surged 9.4% in September to a seasonally adjusted annual rate of 5.57 million units, as lower prices and the looming expiration of a federal tax credit lured more buyers into the market. The data, released Friday by the National Association of Realtors, portrayed a [...]
If you are a first time homebuyer i.e. someone that has not owned a home in the last three years you may be able to claim the government's $8,000 credit. To qualify single tax filers may not earn or than $75,000 per year - joint/married tax filers income cannot exceed $150,000. Tens of thousands of [...]
I'm not sure how motivating this chart will be to you, but it is fun to take a look at what your money can/or cannot buy in SF real estate. Please keep in mind that this is a selected list of property sales in select neighborhoods. Certainly, properties in every neighborhood vary and you can [...]
San Francisco: Last 2 weeks sales data Over the last two weeks 4/1/08 - 4/15/08, a total of 167 properties traded in San Francisco. Contrary to what you may be hearing about depressed prices and buyer interest, the majority of single family homes (houses) sold over asking, which tells us that buyers are out there [...]
Hi Everyone, The woes facing our country's economy have led a lot of naysayers to forecast doom and gloom in the real estate markets, but I feel compelled to share a recent string of articles I came across that assumes a different view: ==== Playing the Housing Slump The Wall Street Journal - March 12, [...]
