3 Common Bay Area First Time Home Buyer Mistakes That Can Cost Thousands

Buying Bay Area real estate for the first time is a very exciting step in life. It is likely to be one of the biggest financial commitments that you make, so it's very important to navigate the purchasing process wisely. Many first-time home buyers make rookie mistakes that bring on negative … [Read more...]

Is the Bay Area Foreclosure Market Making a Turn For the Better?

Is the Bay Area Foreclosure Market Making a Turn For the Better?

Foreclosure filings fell 19 percent last month versus one year ago, says foreclosure-tracking firm RealtyTrac. It's yet one more signal that the U.S. housing market may have already climbed off its bottom. Bay Area Foreclosures According to RealtyTrac, a "foreclosure filing" is any one of the … [Read more...]

Purchase a home in the Bay area or Central Valley with 0.50% downpayment- NHF Grant

Purchase a home in the Bay area or Central Valley with 0.50% downpayment- NHF Grant

QUALIFIED CALIFORNIA HOME BUYERS CAN NOW PURCHASE A HOME WITH PUTTING ONLY 0.50% DOWN!!!   The NHF Grant will help qualified home buyers across the East Bay Area and Central Valley purchase home with 0.50% downpayment.   The Program provides 3.00% through a Grant provided by … [Read more...]

New Home Sales Continue Decline- Opportunity Awaits

New Home Sales Continue Decline- Opportunity Awaits

Sales of newly-built homes plunged 17 percent to an seasonally-adjusted, annualized 250,000 units in February, and the supply of new homes rose to 8.9 months in February -- a 1.5 month jump from January. It's the lowest New Home Sales reading in recorded history, according to the Census Bureau, and … [Read more...]

Tri Valley First Time Home Buyers May Benefit Drop In Home Sales

Tri Valley First Time Home Buyers May Benefit Drop In Home Sales

Existing Home Sales fell 10 percent last month, according to a report from the National Association of REALTORS®.  Remember this is a national figure and what we experience in the Tri Valley may differ. On an annual basis, 4.88 million homes were sold in February -- the first time annualized home … [Read more...]

FHA to increase mortgage insurance premiums by .250%

FHA to increase mortgage insurance premiums by .250%

In an effort to reinforce their balance sheet yet again FHA is raising the monthly mortgage insurance premium. thats right as of April 18th 2011 these new rules will take affect. Housing in the Bay Area and Central Vally just became a bit more expensive to finance. The Federal Housing … [Read more...]

Major Banks Mortgage Guidelines Starting To Loosen- Interest Rates on the Rise

Mortgage lending appears to be loosening. At least for now. In its quarterly survey of member banks, the Federal Reserve asks senior loan officers around the country whether their "prime" residential mortgage guidelines had tightened within the last 3 months. A prime borrower is one with a … [Read more...]

Rent vs.Home Ownership- The Light Shines on Home ownership in 2011!

Rent vs.Home Ownership- The Light Shines on Home ownership in 2011!

At last, the housing market is beginning to make sense again throughout California. The ownership line is finally crossing over the rental line on the great Homeownership graph. It is now more expensive to rent than to buy a home in 72% of major metropolitan areas across the US, according to … [Read more...]

First time home buyers and home owners there’s 30 days left to claim home buyer tax credit. Here’s the scoop—

First time home buyers and home owners there’s 30 days left to claim home buyer tax credit. Here’s the scoop—

Taking advantage of the federal government's homebuyer tax credits could get you up to $8,000 - if you don't delay. You'll need to enter into a legally binding purchase contract by April 30, 2010, and close on the home by June 30, 2010 (and don't even think about claiming the credit before your … [Read more...]

FHA changes for 2010 in the Bay Area—Higher fees and more conditions

FHA changes for 2010 in the Bay Area—Higher fees and more conditions

Looking to FHA for your next mortgage? Get a move on! Although you have until Friday, April 2, 2010 to get your application in, Friday is Good Friday and most banks will be closed. Your true FHA deadline is Thursday, April 1. Guidelines Change in 5 Days In its official announcement, the … [Read more...]