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East Bay Area Spotlights Oakland
February 28, 2011 By Leave a Comment
East Bay Real Estate News Feb 2011
February 20, 2011 By Leave a Comment
A Sickening Dip, Then Maybe A Jump – The real estate news in the Bay Area was bad in January, with sales volume down as much as 38% and prices down 5% or more. Interest rates just jumped from 4.81% to 5.05%… Buyers have come out in force in February, and we may soon see more sellers rise to the bait, putting their homes on the market. (Redfin)
To Buy or Not to Buy: Condo Realities Most condos are significantly less expensive to purchase than houses in the same area, so it’s easy to understand their appeal. However, the old adage “caveat emptor” (buyer beware) applies even more to condos than to single family homes. (HomeSpun)
Will My Home Appraise? Most folks don’t think about the hidden hurdle an appraisal can become until well into the buying or selling process. The appraiser may actually have the final say about a home’s value as seen by banks. With this in mind, we interviewed Adam Lehman, Certified Residential Appraiser, Yovino-Young, Valuation Consultants, to learn more about this process. (MarvinGardens)
Extending Homebuyer Tax Credit Talk
October 28, 2009 By Leave a Comment
UPDATE: The House voted 403-12 Thursday to expand a popular tax credit for homebuyers.
Read more Obama set to sign a big tax break for homebuyers
First-time homebuyers have been getting tax credits of up to $8,000 since January as part of the economic stimulus package. But with that housing program scheduled to expire at the end of November, the House voted to extend it into the spring and to expand it to many people who already own homes.
Buyers who have owned their current homes at least five years would be eligible, subject to income limits, for tax credits of up to $6,500. First-time homebuyers or people who haven’t owned homes in the previous three years could get up to $8,000. To qualify, buyers have to sign purchase agreements before May 1 and close before July 1
Read more:http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/11/05/national/w001952S53.DTL&type=realestate#ixzz0W2baB2AT
There is talk about extending the Homebuyer Tax Credit until April
Information from several sources:
Reuters: http://www.reuters.com/article/politicsNews/idUSTRE59R55P20091028
CNN: http://money.cnn.com/2009/10/28/real_estate/homebuyer_credit/
Business Week: http://www.businessweek.com/blogs/money_politics/archives/2009/10/expanded_home_b.html
SFGate.com: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/10/28/national/w143206D06.DTL[ad#ad-2][ad#ad-2]
