Safe From All Fears

Ever wonder how many homes are owned free and clear in the United States?   The answer is very surprising.  According to the Unites States 2005 census, app. 33% of all homes in the United States do not have any mortgage whatsoever.   So 1/3 of the homeowners are not worrying at all about being "underwater" on any home loan in any event.  If you think about it, there are a lot of homeowners who also owe less then 50% of the value of their home to the bank so things are more secure then you may thought. 

Paso Robles outsells Atascadero in 2009

According to MLS statistics, there were 22% more residential sales inside the city limits of Paso Robles then inside Atascadero in 2009.   Right now there are 13% more homes on the market in Paso then Atascadero.   Both towns claim a population of app. 29,000 people.

North County Sales Continue to Climb

Real Estate sales in Northern SLO County were up 22% in January 2010 over January 2009!   This is the 8th straight month of increases.    I think we can now say that a trend has developed of the market having bottomed out and in a sustained recovery.  However, prices are not rising but that is to be expected because price always lags behind increased velocity in the real estate market.  If  you have been thinking of buying, you might want to get started to take advantage of this while you can.

Home Path Financing: A Great Way to Buy!

In this current economic climate you need every advantage you can get when it comes to your spending, especially when buying a home. There is a little known loan program from Fannie Mae called "HomePath", which can make qualifying easier and allow you to buy more home. Here's how it works:

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?

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.

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.