Links have been updated.
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New Price Reductions
Posted on August 17, 2010 by Michael Novia
Links have been updated.
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NAR: Home Prices Are Firming
Posted on August 11, 2010 by Michael Novia
Lawrence Yun, NAR chief economist, says the correction in home prices appears to have ended in 2009. “All year we’ve been seeing relatively flat national home prices, which appear to be supported by market fundamentals,” he said. “Prices in some areas remain below replacement construction costs, so even with an elevated supply of existing homes [...]
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New Price Reductions
Posted on August 9, 2010 by Michael Novia
Links have been updated.
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Record Lows Continue for Mortgage Rates
Posted on August 2, 2010 by Michael Novia
The 30-year fixed mortgage rate fell to a new low of 4.54 percent this week from 4.56 percent last week and an average of 5.25 percent a year ago. The 15-year fixed loan rate also hit a record low of 4 percent, down from 4.03 percent a week ago and 4.69 percent last year. The [...]
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Budget Basics Worsheet
Posted on July 21, 2010 by Michael Novia
First Time Home Buyers, the first step in getting yourself in financial shape to buy a home is to know exactly how much money comes in and how much goes out. Use this worksheet to list your income and expenses below. Let me know if you have trouble printing this, I can email you a [...]
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Update on the California 2010 Tax Credit for New Home / First-Time Buyer
Posted on July 14, 2010 by Michael Novia
Due to the number of duplicate applications submitted for the First Time Home Buyer tax credit the California Franchise Tax Board is still accepting applications. Applying for the 2010 First-Time Buyer tax credits: Applications must be faxed afterThe New Home tax credit still has about $40 mil to go. , we receive the 2010 application before May 1, [...]
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Three Things Condo Buyers Should Know
Posted on July 2, 2010 by Michael Novia
All true….especially in SoMa where there are buildings that the banks will no longer lend on or require a large down payment. Now could be a great time for home buyers to find a great deal on a condominium. Here are three things that potential buyers of condos should consider: 1. Is this condo likely to [...]
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For Sale Inventory Continues to Recede in San Francisco Allowing Sellers to Gain Leverage in Negotiations: Market Conditions Still Favor Buyers
Posted on June 17, 2010 by Michael Novia
The San Francisco Association of Realtors and the Rosen Consultant Group recently issued their Market Focus report for June. Below are some of the highlights. If you would like a full copy of the report drop me an email and I will send it your way. Growing confidence in the San Francisco economy and its housing market has revived home sales activity [...]
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May Home Prices for San Francisco
Posted on June 4, 2010 by Michael Novia
The median Single Family Home price in San Francisco is up 1% this May vs. last May with demand up 17% and supply down 3%. The average days on market is also down 27% to 47 days from 64. Condominiums for the same time period saw an overall 4% drop in the median price even with a [...]
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