brokers inc residential real estate: Folsom, CA - Real Estate Market Update - November 2009
- 11/21/09 03:15 AM
The "New and Improved" Home Buyer Tax Credit has arrived: This time around, the gift from the government is broader, easier to qualify for and is extended to current/repeat home owners. If you are thinking of buying a home, and would like some free money, here is what you need to know: Current Home Owners - $6,500 Tax Credit: If you have owned and lived in a home for at least five consecutive years during any of the last eight years, you could qualify. Even if you sold your home 2 ½ years ago, as long as you were living in … (0 comments)
brokers inc residential real estate: El Dorado Hills, CA - Real Estate Market Update - October 2009
- 10/07/09 05:05 PM
FHA Loan Volume is Soaring: In 2007, the number of government-backed FHA loans issued in the Sacramento Region was 649. In 2008, this number soared to 8,998 loans. In 2009, this number will increase again. With this in mind, I looked back at all of the transactions I have been involved in, in 2009, and found 67% of the buyers used FHA loans. FHA loans are primarily used by people who can't afford a big down payment, or have credit score issues. FHA buyers are only required to make a down payment equal to 3.50% of the purchase price, and can … (0 comments)
brokers inc residential real estate: Folsom, CA - Real Estate Market Update - October 2009
- 10/07/09 05:00 PM
FHA Loan Volume is Soaring: In 2007, the number of government-backed FHA loans issued in the Sacramento Region was 649. In 2008, this number soared to 8,998 loans. In 2009, this number will increase again. With this in mind, I looked back at all of the transactions I have been involved in, in 2009, and found 67% of the buyers used FHA loans. FHA loans are primarily used by people who can't afford a big down payment, or have credit score issues. FHA buyers are only required to make a down payment equal to 3.50% of the purchase price, and can … (0 comments)
brokers inc residential real estate: The $8,000 First-Time Home Buyer Tax Credit Ends Soon
- 09/21/09 04:57 AM
In an effort to off-set last year's fincial meltdown and the ensuing recession, the current administration created a tax credit of up to $8,000 for certain first-time home buyers in the $787 billion Economic Stimulus Package that was passed in February, 2009. Through this program, you are eligible to receive an $8,000 tax credit when you purchase a principal residence if you have an adjusted gross income of $75,000 or less (or $150,000 for married couples), you have not owned a home during the three years leading up to the purchase, and, you close escrow on your purchase prior to November 30, … (2 comments)
brokers inc residential real estate: The $8,000 First-Time Home Buyer Tax Credit Ends Soon
- 09/21/09 04:50 AM
In an effort to off-set last year's fincial meltdown and the ensuing recession, the current administration created a tax credit of up to $8,000 for certain first-time home buyers in the $787 billion Economic Stimulus Package that was passed in February, 2009. Through this program, you are eligible to receive an $8,000 tax credit when you purchase a principal residence if you have an adjusted gross income of $75,000 or less (or $150,000 for married couples), you have not owned a home during the three years leading up to the purchase, and, you close escrow on your purchase prior to November 30, … (0 comments)
brokers inc residential real estate: Folsom, CA - Real Estate Market Update - September 2009
- 09/17/09 08:57 AM
Keep an Eye on December 1st, 2009: The $8,000 tax credit currently available to First Time Home Buyers (defined as those who have not owned a home for the past three years) expires on December 1st, 2009. Because it usually takes around 45 days to close escrow on a house after a contract is signed, buyers have very little time left to act. As of Tuesday, Sept. 15, there are only 76 days left before the credit ends. There has been a recent push, to get Congress to either extend the program, or create a new program that would be available … (0 comments)
brokers inc residential real estate: El Dorado Hills, CA - Real Estate Market Update - September 2009
- 09/16/09 12:02 PM
Keep an Eye on December 1st, 2009: The $8,000 tax credit currently available to First Time Home Buyers (defined as those who have not owned a home for the past three years) expires on December 1st, 2009. Because it usually takes around 45 days to close escrow on a house after a contract is signed, buyers have very little time left to act. As of Tuesday, Sept. 15, there are only 76 days left before the credit ends. There has been a recent push, to get Congress to either extend the program, or create a new program that would be available … (0 comments)
brokers inc residential real estate: Market Update - August 2009 - Folsom, CA
- 08/22/09 08:20 AM
The Pace of U.S. Home Sales is Fastest in Two Years: Sales of previously owned U.S. homes jumped 7.2 percent in July to mark the fastest sales pace in nearly two years in a strong sign that housing is pulling out of a three-year slump. Sales in July rose for the fourth straight month to hit an annual rate of 5.24 million units, the highest rate since August 2007, the National Association of Realtors said, beating market expectations for a 5 million unit pace. Sales in June had been at a 4.89 million pace. July's increase was the largest monthly gain … (2 comments)
brokers inc residential real estate: Market Update - August 2009 - El Dorado Hills, CA
- 08/22/09 08:17 AM
The Pace of U.S. Home Sales is Fastest in Two Years: Sales of previously owned U.S. homes jumped 7.2 percent in July to mark the fastest sales pace in nearly two years in a strong sign that housing is pulling out of a three-year slump. Sales in July rose for the fourth straight month to hit an annual rate of 5.24 million units, the highest rate since August 2007, the National Association of Realtors said, beating market expectations for a 5 million unit pace. Sales in June had been at a 4.89 million pace. July's increase was the largest monthly gain … (0 comments)
brokers inc residential real estate: Market Update - July 2009 - El Dorado Hills, CA
- 07/23/09 10:41 AM
What difference does a year make? All would-be home buyers, waiting for the market to bottom, should consider the following: While it's true that the best environment home buyers have ever seen may have been from January to late May of this year, outstanding opportunities still exist for those who act soon. If you are planning to buy a home, there are important dates on the calendar that you need to take note of so you can act accordingly. These dates represent money-saving opportunities for consumers. We may never see rates this low again: In response to the faltering economy in … (0 comments)
brokers inc residential real estate: Market Update - July 2009 - Folsom, CA
- 07/23/09 10:37 AM
What difference does a year make? All would-be home buyers, waiting for the market to bottom, should consider the following: While it's true that the best environment home buyers have ever seen may have been from January to late May of this year, outstanding opportunities still exist for those who act soon. If you are planning to buy a home, there are important dates on the calendar that you need to take note of so you can act accordingly. These dates represent money-saving opportunities for consumers. We may never see rates this low again: In response to the faltering economy in … (0 comments)
brokers inc residential real estate: Market Update - July 2009 - Folsom & El Dorado Hills
- 07/23/09 10:32 AM
What difference does a year make? All would-be home buyers, waiting for the market to bottom, should consider the following: While it's true that the best environment home buyers have ever seen may have been from January to late May of this year, outstanding opportunities still exist for those who act soon. If you are planning to buy a home, there are important dates on the calendar that you need to take note of so you can act accordingly. These dates represent money-saving opportunities for consumers. We may never see rates this low again: In response to the faltering economy in … (0 comments)
brokers inc residential real estate: El Dorado Hills, CA - Bank Owned Homes - Weekly Update, Ending 5/24/09
- 05/25/09 03:30 PM
Bank Owned Home Sales Activity Report for El Dorado Hills, CA - Week ending 5/24/09 Single Family Homes (excluding condos / townhouses / multi-family) Number currently for sale: 17Number that sold last week (5/18-5/24/09): 3 Number that are currently pending: 36 Condos and Townhouses and Multi-Family Number currently for sale: 0Number that sold last week (5/18-5/24/09): 0Number that are currently pending: 0 UPDATED DAILY --- To see a current list of bank owned homes that are listed for sale in El Dorado Hills, California: Click Here . Buying a bank owned home, also called REO's (real estate owned - by banks) and foreclosure property, … (0 comments)
brokers inc residential real estate: Folsom, CA - Bank Owned Homes - Weekly Update, Ending 5/24/09
- 05/25/09 03:26 PM
Bank Owned Home Sales Activity Report for Folsom, CA - Week ending 5/24/09 Single Family Homes (excluding condos / townhouses / multi-family) Number currently for sale: 13Number that sold last week (5/18-5/24/09): 1 Number that are currently pending: 29 Condos and Townhouses and Multi-Family Number currently for sale: 4Number that sold last week (5/18-5/24/09): 0Number that are currently pending: 3 UPDATED DAILY --- To see a current list of bank owned homes that are listed for sale in Folsom, California: Click Here . Buying a bank owned home, also called REO's (real estate owned - by banks) and foreclosure property, can be an excellent … (0 comments)
brokers inc residential real estate: Folsom, CA - Bank Owned Homes - Weekly Update, Ending 5/17/09
- 05/22/09 03:16 AM
Bank Owned Home Sales Activity Report for Folsom, CA - Week ending 5/17/09 Single Family Homes (excluding condos / townhouses / multi-family) Number currently for sale: 16Number that sold last week (5/11-5/17/09): 5 Number that are currently pending: 33 Condos and Townhouses and Multi-Family Number currently for sale: 4Number that sold last week (5/11-5/17/09): 1Number that are currently pending: 4 UPDATED DAILY --- To see a current list of bank owned homes that are listed for sale in Folsom, California: Click Here . Buying a bank owned home, also called REO's (real estate owned - by banks) and foreclosure property, can be an excellent … (0 comments)
brokers inc residential real estate: El Dorado Hills, CA - Bank Owned Homes - Weekly Update, Ending 5/17/09
- 05/22/09 03:10 AM
Bank Owned Home Sales Activity Report for El Dorado Hills, CA - Week ending 5/17/09 Single Family Homes (excluding condos / townhouses / multi-family) Number currently for sale: 19Number that sold last week (5/11-5/17/09): 6 Number that are currently pending: 34 Condos and Townhouses and Multi-Family Number currently for sale: 0Number that sold last week (5/11-5/17/09): 0Number that are currently pending: 0 UPDATED DAILY --- To see a current list of bank owned homes that are listed for sale in El Dorado Hills, California: Click Here . Buying a bank owned home, also called REO's (real estate owned - by banks) and foreclosure property, … (0 comments)
brokers inc residential real estate: Market Update - May 2009 - Folsom & El Dorado Hills
- 05/22/09 02:55 AM
A client recently asked me, what is a "Short-Sale?" A short-sale is a home for sale that is worth less than what is owed to the bank(s) on the loan(s). The home seller and the agent set the asking price "below market" to attract a buyer and get the home under contract quickly. They usually don't care what the home sells for because the seller is not getting any money from it, they are just trying to avoid foreclosure. Once an offer comes in, it is submitted to the bank(s) for review. Typically, there is a 1st, 2nd and sometimes a … (0 comments)
brokers inc residential real estate: Market Update - May 2009 - Folsom, CA
- 05/22/09 02:51 AM
A client recently asked me, what is a "Short-Sale?" A short-sale is a home for sale that is worth less than what is owed to the bank(s) on the loan(s). The home seller and the agent set the asking price "below market" to attract a buyer and get the home under contract quickly. They usually don't care what the home sells for because the seller is not getting any money from it, they are just trying to avoid foreclosure. Once an offer comes in, it is submitted to the bank(s) for review. Typically, there is a 1st, 2nd and sometimes a … (0 comments)
brokers inc residential real estate: Market Update - May 2009 - El Dorado Hills, CA
- 05/22/09 02:47 AM
A client recently asked me, what is a "Short-Sale?" A short-sale is a home for sale that is worth less than what is owed to the bank(s) on the loan(s). The home seller and the agent set the asking price "below market" to attract a buyer and get the home under contract quickly. They usually don't care what the home sells for because the seller is not getting any money from it, they are just trying to avoid foreclosure. Once an offer comes in, it is submitted to the bank(s) for review. Typically, there is a 1st, 2nd and sometimes a … (0 comments)
The "New and Improved" Home Buyer Tax Credit has arrived: This time around, the gift from the government is broader, easier to qualify for and is extended to current/repeat home owners. If you are thinking of buying a home, and would like some free money, here is what you need to know: Current Home Owners - $6,500 Tax Credit: If you have owned and lived in a home for at least five consecutive years during any of the last eight years, you could qualify. Even if you sold your home 2 ½ years ago, as long as you were living in … (0 comments)
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