From the AP: Buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500. First-time homebuyers — or anyone who hasn't owned a home in the last three years — would still get up to $8,000. To qualify, buyers in both...
From the SF Chronicle: -- Pre-approval. Some banks are proactively deciding what amount they will accept for a short sale house. Sometimes they reveal the amount; sometimes they don't, but either way it expedites the process. Homes with this arrangement are listed as...
It's November, and 2009 is on the home stretch. Nationally, the pending home sales have increased 8 months in a row, and are up 21% YOY. Looney Larry says that prices have over-corrected and that the $8,000 tax credit is better than home prices going down $8,000. ...
Let's take a look at the mid-range, and specifically in the $700,000s - what does that get you? I had to split these into two videos to keep under the 10 minutes required by youtube, the first is Encinitas/Carmel Valley, the second video is in Carlsbad:
From CR, here is the summary of what's on the table: Income eligibility for first-time home buyers stays at $75,000 for individuals, and $150,000 for couples. For move-up buyers, income eligibility is $125,000 for individuals and $250,000 for couples. There is a...
What's the common denominator amongst today's buyers?
The bidding wars are intensely competitive, and without laws or regulations - anything goes! It is pretty impressive how many buyers are hanging in the fight, and willing to bid higher than list-price. Nobody likes it, but the multiple frustrations along the way make...
3clicks wrote: "While I embrace the Internet for many reason, It would be used by some as another way to disguise the snake oil." Agreed, but once every listing has a video it will cut down the deceit. Videos should be mandatory, and they'd especially help the...
George asked for an explanation of the frenzy-like conditions we've been seeing lately. How do you explain it? Lower prices are the #1 contributor, and in Carmel Valley that means roughly 20% off peak pricing. Buyers are tired of waiting, and if the deal is seems...
Take a ride around town on the "Euphoria Express", and see how some recent REO listings have been selling:
