Is Now The Time To Buy?

     If you are considering a new home this year but are still wondering if you should do it this coming year,   Check This Out

Help for Underwater Homeowners That Would Like to Refinance

 -   There are a lot of people out there that owe more then their homes are worth but are making their payments fine and want to keep their homes.  However, they would like to take advantage of today's lower interest rates but have not been able to because their homes will not appraise for the value needed to do a new loan.   If your loan is owned be either Fannie Mae or Freddie Mac and was originated prior to 5/31/09,  there is a new program that may allow you to refi and take advantage of the new rates.  Be aware that even though you may be making your payment to a bank like Wells Fargo,  Fannie or Freddie may own the loan and you could be eligible.   You can find out on their individual websites.   For more info on this, go to this

California County with the Most Distressed Property Sales

 - That would be Madera County where a whopping 89% of the homes sales are bank owned foreclosure properties or short sales. County with the least is San Mateo with only 23% of the sales being distressed properties. Where does SLO county stand? We are at 46% which is the exact average rate for all California counties.

NOVEMBER NORTH COUNTY REAL ESTATE STATISTICS- Sales of all North County real estate types increased 3 % in November over October and are up 22% over November of last year. Sales for the first 11 months of this year are also now up 19% versus the 1st 11 months of 2010. Properties in escrow are up 5 % from last month and up 19% over November of last year. Active listings on the market are down 16% when compared to the same time last year. With only one more month to go, it is now clear that we will see a dramatic improvement in sales this year over last. That will make it the 1st time in 6 years that sales have increased over the previous year. With inventories of properties for sale also now down 16% and interest rates at all time lows, what should that tell a prudent buyer?