Posted on November 8, 2009 by Michael Novia
So what will you do with your new $8,000 tax credit? Blu has a few ideas!
They just released 12 new homes to the public. Six are second floor patio homes and six are the former model homes on the fourth floor (four of those include custom painting and window treatments).
Prices start at $649,000. Blu is an FHA approved building [...]
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Posted on November 6, 2009 by Michael Novia
This is certainly true for SoMa. In some ways we can say that the bottom of the market is now behind us. Those “incredible deals” at the new developments have now been replaced with “good deals”. Prices are obviously lower than they were 2 years ago but price stabilization is beginning to work its way through the market. [...]
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Posted on November 5, 2009 by Michael Novia
Update: The House just passed the bill . It is now on it’s way to the President who is expected to sign it no later than Friday.
The Senate passed the bill and now the House is expected to vote on it and pass it today. The really good news for us here in San Francisco is that we [...]
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Posted on November 5, 2009 by Michael Novia
The Federal Reserve announced Wednesday that it is keeping its key interest rate at or near zero and will continue to do so as long as the economy remains weak.
Analysts predicted that the Fed would leave interest rates low for at least six more months.
The Fed said that it would continue its program to buy [...]
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Posted on November 4, 2009 by Michael Novia
34 homes sold during the month of October in SoMa with a median sold price of $668,450.
20.6% sold in 0 to 30 days for 93.2% of list price.
23.5% sold in 31 to 60 days for 97.8% of list price.
20.6% sold within 61 to 90 days for 93.4% of list price.
14.7% sold within 91 to 120 [...]
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Posted on November 2, 2009 by Michael Novia
This weeks edition includes: Halloween, Loan Limits (update below), Radiance, Citywide Sales, New Condo Listings, New Live/Work Listings, Price Reductions, Pending Sales, Sold Prices and Useful Links. The South Beach Real Estate Real Estate Newsletter is emailed on Fridays. Interested?
Just email your name to mnovia@southbeachrealestate.com to join the list. I give you my personal guarantee [...]
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Posted on November 1, 2009 by Michael Novia
Another step in the right direction….
Banks that write a majority of mortgages and other loans in the U.S. say that borrowers have improved their repayment records in the third quarter of this year.
In the third quarter, Bank of America saw the first decrease in the numbers of customers that were more than 90 days late [...]
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Posted on October 30, 2009 by Michael Novia
Looking for a new home, maybe an investment property? I’ll be working at Radiance this Sunday from 12 to 4 PM. Feel free to stop by for a personal tour or call me ahead of time to schedule an appointment. Whether you are interested in buying at Radiance or elsewhere in SoMa I can be a valuable [...]
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Posted on October 30, 2009 by Michael Novia
Press Release
Source: National Association of Realtors
On 12:30 pm EDT, Friday October 30, 2009
WASHINGTON, DC–(Marketwire – 10/30/09) – The National Association of Realtors� thanked Congress for speedy action in passing a congressional resolution yesterday that would extend the current higher Fannie Mae, Freddie Mac and FHA loan limits through 2010. The present loan limits would expire [...]
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Posted on October 29, 2009 by Michael Novia
The FHA-backed 203(k) rehab loan is an increasingly popular option in today’s market because so many available properties – especially foreclosures – are in need of repair.
A streamlined 203(k) provides money to pay for improvements such as a new roof, appliances, furnace, energy-efficient windows, and cosmetic improvements like carpet, paint, and remodeled kitchens and baths.
The [...]
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