Great News Everyone… the First Time Homebuyer Tax Credit due to expire the end of November has been extended and expanded!!… This is awesome… Here’s another chance to get that extra boost and get that home you’ve been wanting in one of the Beautiful Cities in the San Francisco Bay Area… Please spread the word to everyone you know who can use this extra incentive… H-E-L-P is still here!!…
- It appears that the ‘tax credit’ for $8,000, which is due to expire Nov 30th will be extended. The Wall Street Journal reports today that:
- $8,000 first time home buyer will stay til July 1, 2010.
- Existing homeowners will get a credit for up to $6500 on buying another home if you have been in your home at least five consecutive years. This does not apply to investment property.
- This is great news for the move up housing market.
As always… would love to hear back from you… I welcome your feedback… Lets Start a Dialogue!…Save Me in your Favorites and come back and visit all the time!!…
Thanks a Bunch for your time today…
Isi Wu… the realtor for you…
Serving Clients All Over the Eastbay…
You may feel too much has been written and talked about on the subject of the “downturn” of the real estate market and all of the various topics that have sprung up because of it… or just way too much info on anything related to real estate… Or perhaps you happen to be one of those folks who love to read all they can about the market… there is after all such a huge spectrum of topics to cover … and you really enjoy absorbing and reading everything you can get your hands on…
But how is one lowly realtor able to cover them all??… its an impossibility!… I choose NOT to stress about what to share on my blog… after all… we cant all be the perfect blogger with the perfect subject matter all of the time… Do you agree? After all the purpose of having a blog is to use it and express our thoughts, our knowledge, our feelings, share information, share events etc… the ideas are infinite… and geeez why worry about… what I should say… what about the content… I’m a professional am I making an impression?… Do I sound like a lunatic?… Am I rambling?… Am I choosing meaningful topics?…. who am I reaching?… so on and so on … yet we’re told constantly just to start… Don’t Not Start… JUST START … All of the techno wizzes keep drumming it into us that blogging is important…no one will find you if you don’t blog and blog often to make it work… don’t think too hard… therefore… I’ve decided very recently not to take this real estate blogging soooo seriously that I become paralyzed from participating… I’ve decided to just share whatever’s on my mind at the moment or maybe whatever’s been on my mind the last few days… or to be perfectly honest…perhaps no longer than a week prior.
I hope you’ll find what I share as somewhere between being helpful, insightful, meaningful, straightforward, informative and perhaps challenging and even enjoyable at times… I would love to hear from you… please let me know what you think… I’d really like to hear from you… in fact Let’s Start a Dialogue!!…
Actually I meant to start off with a very short intro leading into my topic but I got carried away…
The very next entry will be the topic that was meant to be a part of this entry… please check it out… in fact Save Me in your Favorites and come back and visit all the time!!…
Thanks a Bunch for your time today…
Isi Wu… the realtor for you…
Servicing Clients All Over the Eastbay…
(including but not limited to… Berkeley, Oakland, Montclair, Piedmont, San Leandro, San Lorenzo, Castro Valley, Hayward, Union City, Fremont, Dublin, Pleasanton, San Ramon, Danville, Alamo, Walnut Creek, Pleasant Hill, Orinda, Lafayette)
I know we all try to stay up to date on what is happening in the world of real estate… here’s abit of information about real estate you might not have heard about on TV , the internet or newspapers…
AB957 is known as the “Buyers Choice” act… If passed, it will require that the buyers of property be able to select the closing escrow company, not the bank (REO or short sale transactions), as they do now.
Thousands of owners are losing their property in short sales and foreclosures (REO properties), the banks have been dictating to the buyers who they are to use for the escrow company… (at the buyer’s own expense).
This may be a good bill because in some cases, the banks are writing their own rules in the sale and closing of their REO and short sale properties… It’s true that the banks are losing millions of dollars in all of these sales of distressed properties which are all upside down (or under water)… Rules are rules… We’ve abided with the rules of real estate for many years and now we have a few banks dictating all NEW rules to buyers, sellers and real estate brokers… NOT Good… it’ll be good if this one passes…
Calif. Median Home Price - August 09: $292,960 (Source: C.A.R.)
Calif. Highest Median Home Price by C.A.R. region August 09: Santa Barbara So. Coast $828,750 (Source: C.A.R.)
Calif. Lowest Median Home Price by C.A.R. region August 09: High Desert $111,770 (Source: C.A.R.)
Calif. First-time Buyer Affordability Index – Second Quarter 2009: 67 percent (Source: C.A.R.)
Mortgage Rates – week ending 10/01/09 30-yr. fixed: 4.94% Fees/points: 0.7% 15-yr. fixed: 4.36% Fees/points: 0.6% 1-yr. adjustable: 4.49% Fees/points: 0.5% (Source: Freddie Mac)
