Homebuyer Tax Credit Plan Agreed to by U.S. Senate Democrats
November 3, 2009 by admin · Leave a Comment
Below are the Highlights:
1) It would allow homeowners to qualify for a $6,500 credit if they have lived in their residence for five years. In addition they wouldn’t have to be first-time home buyers.
2) The income limits will go up to individuals earning up to $125, Read more
Facts and Trends Reports for San Leandro
March 28, 2009 by admin · Leave a Comment
What’s interesting about the San Leandro market right now is that Buyers are starting to come out of the woodworks. The daily/nightly news is scaring the hell out of the general public but smart investors and savvy buyers are buying properties NOW! Interest rates are low, property pricing is low and opportunity is everywhere! We haven’t seen a market this good in years! Don’t get me wrong. It’s a crappy economic market and a lot of us are hurting but you would be a fool not to buy in a down market. Read more
Refi madness
December 25, 2008 by admin · Leave a Comment
Falling interest rates are leading to a rush to get cheaper mortgages. Should you join in?
NEW YORK (CNNMoney.com) — Falling interest rates are fueling a mortgage refinance frenzy as homeowners rush to reduce their housing payments.
The average rate for a 30-year, fixed mortgage dropped to 5.08% last week, according to the Mortgage Bankers Association, more than a full point lower than just a month ago. Read more
Bay Area median home price sinks to 8-year low; sales up over ‘07 again
December 25, 2008 by admin · Leave a Comment
Bay Area home sales decelerated in November but beat the year-ago mark for the third consecutive month. The allure of discounted foreclosures continued to drive sales in affordable inland markets, which helped push the median sale price down to its lowest point since former President Bill Clinton was in the White House.
The median price paid for all new and resale houses and condos combined in the nine-county Bay Area fell to $350,000 last month. That was down 6.7 percent from $375,000 in October and down a record 44.4 percent from $629,000 in November 2007, according to MDA DataQuick, a San Diego-based real estate information service. Read more
