Friday, January 22, 2010

Wall Street "Experts" get the Real Estate Market Wrong Again

This month, one day the stock market took a fairly large drop and the recent for it was quoted as being because "the National Association of Realtors had reported that number of pending sales of existing homes had dropped in December over November pending sales fueling belief that the housing recovery that was happening had now actually stalled out". Why did that news leave experienced Realtors laughing rather then crying?

Thursday, January 14, 2010

Participate in Your Loan

There was a time not so long ago that the loan process was fast and easy. You met with your loan officer, talked for a few minutes, maybe signed a disclosure or two and the next time you had to be involved with your loan was when you went to the escrow company to sign your loan documents. Yes….…those were the days.

Friday, January 8, 2010

Additional Home Buyer Tax Credits Proposed in Calif.

During his State of the State address, Governor Schwarzenegger today announced his 2010 proposals for California. Included in the proposals is a recommendation to set aside $200 million for a new round of $10,000 state tax credits for first-time home buyers. The proposal expands upon the initial $10,000 state tax credit by including both new and existing homes. Last year’s tax credit applied only to new homes.

The tax credit could be combined with the recently extended and expanded federal tax credit for home buyers.

Friday, January 1, 2010

End of the Year Finds Good News for North County Real Estate

Sales of  all properties in the north county  were  6% higher in 2009 then they were in 2008 with a very strong surge in the last months of the year.   What does this really mean?