How's that new neighborhood you're thinking about moving into? One of the most important steps a home buyer can take when deciding which home to purchase is to conduct “drive bys” of the house and the neighborhood at various times of the day. Don't forget to include both week and weekends too. Take the … Continue reading How's That New Neighborhood, Really?
Things a Buyer Should Know This could be a lengthy list since there are so many things buyers should know. Let's focus briefly on one that is truly time-sensitive. That's the Home Buyers Tax Credit. The credit applies both for first-time buyers and for move-up buyers. There are of course, specific requirements that apply to … Continue reading Things a Buyer Should Know
Fewer homeowners see home values falling. A recent report shows that one in five U.S. homeowners owed more on their mortgage than their home was worth in the fourth quarter; however, California’s housing market is bucking the national trend and is telling a different story. KEEP THIS IN MIND Although the report by Zillow.com claims that the … Continue reading Fewer homeowners see home values falling
2009 saw historically low mortgage rates. Early last year, the Federal Reserve announced plans to purchase debt and mortgage-backed securities from Fannie Mae and Freddie Mac to lower interest rates for consumers and spur homebuying. As a result, rates on 30-year, fixed mortgages fell to historic lows. 2010 rates are expected to rise because the Fed’s … Continue reading Mortgage Rates Rise in Response to Wind-Down of Federal Support