Tax Benefits of Home Ownership Owning a home can provide some significant advantages when it’s time to file your federal tax return. From green energy credits to deductions for damage from natural disasters, there are a number of items homeowners may be able to claim that could reduce a tax bill. Mortgage interest Most homeowners [...]
No Surprise Here; When Housing Inventories Drop, List Prices Rise In a growing number of housing markets, sellers are facing less competition now compared to a year ago. And, you guessed it, as sellers face less competition, prices begin to increase. While I’ve noticed this trend develop over the past year in most of the [...]
Signs of an Improving Housing Market – 2011 Bay Area Market Reports Recently, there have been optimistic reports nationwide that indicate there appears to be signs of life out there in the housing market. My recent experiance is that nice, well priced homes are selling in all areas of the San Francisco Bay Area and [...]
Have you heard? Buying is better than renting in 70% of America. I’m asked two questions all the time, “is this a good time to buy” and ”what kind of market is this, a buyers market or sellers market?” My answer is this, “it’s a good time to buy when the timing is right for you” and “the [...]
With mortgage interest rates hovering near record lows, you may want to either refinance your mortgage or purchase a new home before rates go higher again. The question is – can you qualify for refinancing or a purchase loan? Lenders have tightened loan qualification standards and their most widely used tool to determine if you [...]
Are you ready to buy a foreclosure? Due to the mortgage crisis that our country faced over the last several years, there are continually more and more foreclosure properties that are being put up for sale everywhere you turn. Of course, this can be very tempting for homebuyers as people can sometimes get properties [...]
Russ Boyd’s videos syndicated by Now that we are in the summer home buying months I thought it would be a good idea to take a look at some market indicators for the Bay Area Counties. As can be seen below, the media selling price has dropped for most Bay Area Counties during the [...]
Russ Boyd’s videos syndicated by Fannie Mae has implemented a new policy that is very important if you are thinking buying and financing a home. This is especially true, since most lenders use FNMA’s guidelines. As of June 1, 2011 lenders became responsible for certifying the borrower’s monthly obligations have not increased from the time [...]
via animoto.com Posted via email from brokerruss’s posterous
Real Estate in the San Francisco Bay Area Showing Signs of Significant Improvement
By Russ Boyd on May 20th, 2012
Real Estate in the San Francisco Bay Area Showing Signs of Significant Improvement I’ve notice a change taking place in the real estate market over the past year. Not only are there increasing numbers of homes receiving multiple offers, there are plenty of qualified home buyers at open houses. More and more those buyers are [...]