When is a good time to buy your first home or a new home?

• First time homebuyers who qualify can receive up to an $8,000 tax credit.

• Existing homeowners who qualify and have lived in their current residence

for five of the last eight years can now receive up to a $6,500 tax credit.

In addition, low interest rates and a large inventory of homes to choose from

could put your dream home within reach.

IS THE SMART TIME TO BUY A HOME.

For complete details, call us or visit us online at www.companyurl.com.

Don't delay

in place by April 30, 2010!

Contact me at 210-215-1879 or dcurtis@cbharper.com for more information.

Here is your weekly sales report for the 78248 and 78258 zip codes for week ending December 15, 2009.   The neighborhoods in these zip codes (Deerfield, Incwood, Oakwood and Stone Oak) are some of the most sought after neighborhoods in the San Antonio area. 

78248 (Deerfield, Oakwood, Inwood)

• Total active listings - 97
• New listings - 8
• Price change - 9
• Sales - 5
• Average price per squasre foot - $106.15
• Days on the market - 91

78258 (Stone Oak)

• Total active listings - 361
• New listings - 13
• Price change - 20
• Sales - 17
• Average price per square foot - $96.75
• Average Days on the Market - 144

For more information about the San Antonio housing market, please refer to my website - http://www.DougCurtis-Texas.com or give me a call at 210-215-1879.

Here is your weekly sales report for the 78248 and 78258 zip codes for week ending December 08, 2009. 

78248

• Total active listings - 95
• New listings - 11
• Price change - 7
• Sales - 3
• Average price per squasre foot - $106.96
• Days on the market - 60

78258

• Total active listings - 378
• New listings - 27
• Price change - 30
• Sales - 16
• Average price per square foot - $96.82
• Average Days on the Market - 182

For more information about the San Antonio housing market, please refer to my website - http://www.DougCurtis-Texas.com or give me a call at 210-215-1879.

Here is your weekly sales report for the 78248 and 78258 zip codes for week ending December 01, 2009. 

78248

• Total active listings - 90
• New listings - 8
• Price change - 1
• Sales - 8
• Average price per squasre foot - $104.34
• Days on the market - 65

78258

• Total active listings - 380
• New listings - 24
• Price change - 33
• Sales - 15
• Average price per square foot - $105.28
• Average Days on the Market - 257

For more information about the San Antonio housing market, please refer to my website - http://www.DougCurtis-Texas.com.

On November 24, 2009, Fannie Mae launched its "First Look" program.  This program is designed to support neighborhood stabilization and promote home purchases by owner-occupants and by public entities.

Fannie Mae currently has 70,000 properties in its inventory. 

The First Look period is the first 15 days a property is listed for sale,  Buyers that plan to occupy the home and public entities committed to the community may are eligible to purchase a Fannie Mae property during the First Look period. 

Fannie Mae will waive the earnest money/deposit requirement for public entities, and lower the requirement for individuals who have qualified to use public funds for the purchase. Buyers will also get 45 days to close.

Investors are eligible to purchase these properties only after the First Look period.

Fannie Mae is tightening its underwriting criteria effective December 12, 2009 by raising the minimum credit score for automated underwriting (Desktop Underwriter) from 580 to at least 620 for all loans, justified on the grounds that this action "will support prudent risk management and better ensure sustainable homeownership." Even higher minimum credit scores may apply for both manual and automated underwriting, depending on factors such as the loan-to-value ratio and the number of units in the structure. The minimum credit score applies to all mortgage loans delivered to Fannie Mae, including FHA and other government-backed loans. Fannie is also changing the maximum debt-to-income ratio for Desktop Underwriter to 45 percent, but will allow 50 percent if there are "strong compensating factors." Other changes are also being made, as described in relevant Fannie document

Source - National Association of Realtors.

Here is your weekly sales report for the 78248 and 78258 zip codes for week ending November 24, 2009. 

78248

• Total active listings - 91
• New listings - 11
• Price change - 6
• Sales - 5
• Average price per squasre foot - $95.55
• Days on the market - 137

78258

• Total active listings - 386
• New listings - 26
• Price change - 35
• Sales - 12
• Average price per square foot - $109.92
• Average Days on the Market - 229

For more information about the San Antonio housing market, please refer to my website - http://www.DougCurtis-Texas.com.

Here is your weekly sales report for the 78248 and 78258 zip codes for week ending November 17, 2009. 

78248

• Total active listings - 87
• New listings - 10
• Price change - 4
• Sales - 6
• Average price per squasre foot - $111.60
• Days on the market - 86

78258

• Total active listings - 396
• New listings - 31
• Price change - 28
• Sales - 12
• Average price per square foot - $91.66
• Average Days on the Market - 134

For more information about the San Antonio housing market, please refer to my website - http://www.DougCurtis-Texas.com.

JuJu.com, a job search engine has named San Antonio one of the best places for job hunters.  Juju.com ranked San Antonio 9th out of fifty cities in its Job Search Difficulty Ranking.  Two other Texas cities were listed on the top 20.  Austin came in at number 10 and Dallas came in at 17.  Houston came in at number 26.

Those of us that are lucky enough to live in this great American city are happy to see the good press San Antonio has been getting for its livability, affordability.  San Antonio is a big city with a small town feel - one of America's great cities.