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Mortgage Interest Rates in Palo Alto & Nationally Heading Higher
Mortgage interest rates in Palo Alto (and nationally) will soon be headed higher. The Fed plans to stop purchasing mortgage backed securities at the end of this month (March 2010). In fact, after...
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Palo Alto Homebuyer News – Governor Signs New California Home Buyer Tax Credit
Last Thursday on March 25th, Governor Schwarzenegger signed into law a new home buyer tax credit that is designed to reduce the number of vacant homes and encourage new construction in California. The...
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Buying Palo Alto Homes – Why You Might Not Want To Wait?
Surprising numbers of potential homebuyers are holding off on buying Palo Alto homes. They see the housing prices drop and are waiting for them to go lower. They see the mortgage rates and are waiting...
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Economists Predict Second Quarter Woes Fading for National and Palo Alto Real...
Government support in the national and Palo Alto real estate sectors is slowly being pulled back. For instance, the federal homebuyer’s tax credit expires this month and the Fed stopped purchasing...
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Is Now a Great Time to Buy Your First Home in Palo Alto?
Right now may be one of the best times in a long time to buy your first home in Palo Alto. We are experiencing historical low prices. There are many indications of a strengthening market. Interest...
View ArticleFHA Financing Info (and Limits) for Multi-Family Homes in Palo Alto
FHA Financing Information for Multi-Unit Properties (2-4 Unit Homes) in Palo Alto Did you know that you can finance a 2-4 unit property in Palo Alto using an FHA loan? You can qualify for FHA financing...
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US Home Sales Up, Mortgage Rate Dipped Lower – May 2010
Existing Home Sales Existing home sales strengthened in April to 5.77 million, up 8.7% from March and 22.8%from last April. This is the tenth consecutive month of year-over-year increases. According to...
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2010 Survey of California Home Buyers
The California Association of Realtors recently completed its 11th annual 2010 Survey of California Home Buyers that details how home buyers have adapted to changing market conditions and the new...
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First Time Home Buyer Affordability Index
California Association of Realtors’ First-time Buyer Housing Affordability Index measures the percentage of households that can afford to purchase an entry-level home in California. This Index...
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Market update – Low inventory and low number of sales
Sales of single-family, re-sale homes slumped to their lowest level since February 2008 last month. Lack of inventory is the culprit. With 663 active listings on the market, we have only 43 days of...
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