Nov
05
First time homebuyer tax credit extended and expanded!
Home buyer tax credit extended, expandedSan Francisco Business Times – by Kent Hoover The House of Representatives passed legislation Thursday that would extend and expand the tax credit for first-time home buyers. The provision was included in a bill that also extends unemployment benefits by an additional 14 to 20 weeks and lets all companies, not just small businesses, [...]
Nov
05
Foreclosure Update
The number of mortgage default notices filed against California homeowners fell last quarter compared with the prior three-month period, the result of lenders’ evolving foreclosure policies, an uncertain legislative environment and an uptick in the number of mortgages being renegotiated, a real estate information service reported. “It may well be that lenders have intentionally slowed down the pace of formal [...]
Nov
03
Rate Watch Week of Nov. 2
Posted In: First Time Home Buyers, Mortgage & Finance
Rates moved up slightly again in the past week. Freddie Mac announced that for the week ending October 29, 30-year fixed rates averaged 5.03%, up from 5.00% the week before. The average for 15-year fixed rose to 4.46%. Adjustables were also up slightly with the average for one-year adjustables rising to 4.57% and five-year adjustables increasing to 4.42%. A year [...]
Nov
02
Home Prices in Southwest Berkeley Rise
Well, Berkeley is pulling it off once again. While the rest of the nation continues to see prices decline, and see houses not sell, our little mecca is holding its own. This article, posted today in the Daily Californian, explains this further. Several of my colleagues are quoted- kuddos to them for their part in this article. Daily Californian By Melody [...]
Nov
02
Google just released…
Google just released their newest jolt: real estate search. Listings can now be viewed on any Google Map by clicking on the “More” button, a position heretofore reserved for photos, transit information and other overlays. Read the full post from Google here: http://google-latlong.blogspot.com/2009/10/more-more-more-real-estate-in-google.html
Oct
30
It’s a Scam
A client of mine recently closed on his first house. As I do with all of my clients I forewarned him that he would receive a TON of junk mail and advised him on what to ignore and what not to ignore, and if he received anything that he was confused about to let me know. He contacted me regarding a [...]
Oct
28
Oaklands Zip 94608 one of the hottest
Some ZIPs drawing more bidding wars Carolyn Said, Chronicle Staff Writer Saturday, October 24, 2009 The Bay Area locales where homes sell the most above asking price tend to be relatively affordable, according to a report from ZipRealty released Friday. That underscores the sway that investors and first-time home buyers hold in today’s real estate market, where bargain homes bring [...]
Oct
27
Word of Caution-Don’t take the $729,750 loan amount for granted
Chet Gohd, owner of RPM Mortgage Berkeley, has the following to say about the $729,750 loan amount, which is about to EXPIRE: For some reason, there isn’t much press on this and the clock is ticking. The main reason is that the loan amount of $729,750 is set to expire at the end of December (loans submitted by December 1) [...]