It has been suggested from some that Obama’s budget proposal would include a reduction in interest rate deduction for people earning $250,000 per year.
As a Bay Area Real Estate Broker, I think this is a horrible idea especially In Fremont California and surrounding cities. (more…)
As a veteran Realtor in Fremont Ca and the Bay Area, many people have asked my opinion about how far the housing market will drop.
I, Sandi Ohms, Real Estate Broker since 1979, believe housing is in Fremont Ca and the surrounding citites are selling what they were in 2001-2002. Rentals however have increased. the market will level out when the cost of a rental is close to the cost of a mortgage minus the tax deduction home purchases create. We are approaching this point and I seen home values in the Bay Area level somewhat. to view home prices in the Bay Area vistit Http://www.BayArea-Homes.com
Lawrence Yun, Senior Vice President and Chief Economist, NAR gives an overview on video of the economic environment and its implications for real estate. Lawrence Yun, economist believes that the real estate market is stabilizing especially in certain areas such as homes for sale in California including the California Bay Area. An example of this would be Homes for sale in Fremont Ca have increased by about 50% which has caused active inventory to decreased thus stabilizing prices. Enjoy the video below
National Association of Realtor Market Update
View 1000’s of foreclosed properties on line at http://www.BayArea-Homes.com
Obama Unveils Homeowner Affordability and Stability Plan that will help purchasers buy homes in the US including the California Bay Area. California Bay Area including Fremont CA is one of the most expensive place to live.
President Obama unveiled his plan to help stabilize the housing market and keep millions of borrowers in their homes. (more…)
The New Stimulus Package & How It Affects Buying A Home In California Bay Area including Fremont CA?
Stimulus Package, Tax Credit for Home buyers ,
This plan will help many real estate home buyers but buying a home Fremont CA surrounding cities or the California Bay Area, could be limited due to the expense of the area.
First-time homebuyers who purchase homes from the start of the year until the end of November 2009 may be eligible for the lower of an $8,000 or 10% of the value of the home tax credit. Remember a tax credit is very different than a tax deduction – a tax credit is equivalent to money in your hand, as opposed to a tax deduction which only reduces your taxable income.
The tax credit starts phasing out for couples with incomes above $150,000 and single filers with incomes above $75,000. Buyers will have to repay the credit if they sell their homes within three years.
Stimulus Package, Tax Credit Versus Tax Deduction
It’s important to remember that the $8,000 tax credit is just that… a tax credit. The benefit of a tax credit is that it’s a dollar-for-dollar tax reduction, rather than a reduction in a tax liability that would only save you $1,000 to $1,500 when all was said and done. So, if a homebuyer were to owe $8,000 (more…)
First-Time Home Buyer Housing Affordable Home Sales Index for Fremont California and other surrounding counties.
C.A.R.’s (CALIFORNIA ASSOCIATION OF REALTORS) First-time Buyer Housing Affordable Home Sales Index measures the percentage of households that can afford to purchase an entry-level and affordable homes in California. C.A.R. The Index is the most fundamental measure of housing well-being for first-time buyers in the state. click on the index below to view affordability for home buyers comparing years from 2003-2008.
AFFORDABILITY INDEX FOR CALIFORNIA INCLUDING FREMONT AND SURROUNDING COUNTIES
To view 1000’s of homes on line in Fremont California and surrounding cities
Know one knows when the housing downturn will finally hit bottom. But if you’re looking to buy a home now and plan to stay in it for a while – there are plenty of bargains to be had on a foreclosed property. Banks usually list these home up to 20% below market value. That does not mean that the list price (more…)
Should I Buy a Short Sale in the California Bay Area?
Short sales happen when home values fall and sellers do not receive enough cash from a buyer to pay off their existing mortgages, providing lenders agree to take less than the amount owed to them. In the past few years in the California Bay Area, many of the real estate transactions have resulted in a short-sale
On the surface, it may appear that a short-sale buyer is getting a good deal. However, there are reasons to stay away from this type of transaction in the California Bay Area whether it be in Fremont, Newark Union City or anywhere else in the Bay Area Below are just some of the reasons to s stay away from short-sale transactions. (more…)
What is a short sale in a real estate transaction?
A short sale is an alternative to a foreclosure. In the California Bay Area, a large percentage of homes sold are short sales or foreclosures. A Real Estate short sale is when lenders agree to accept less than the total amount due on a loan. Not all lenders will accept short sales or discounted payoffs (more…)
Click on the link below to view housing statistics for Fremont California. The chart will show average days on the market, median single family home price for the last 12 month, number of active listings and more in Fremont Calif. If you would like statistics for any other Bay Area real estate city including Santa Clara county and Alameda county, email me at sandi@bayarea-homes.com or visit Http://www.bayarea-homes.com
