California Homes Sales Increase

California Association of Realtors reported yesterday that home sales increased 2.1 percent in September in California compared with the same period a year ago, while the median price of an existing home declined 7.3 percent.
The median price of an existing, single-family detached home in California during September 2009 was $296,090, a 7.3 percent decrease from the revised $319,310 median for September 2008, C.A.R. reported. The September 2009 median price rose 1.1 percent compared with August’s $292,960 median price.

Will the $8,000 tax credit be extended?

On Oct. 5th, White House Press Secretary Robert Gibbs stated that “there has been quite a bit of success” with the $8,000 tax credit, and added that President Obama "is considering extending it to help strengthen the economy and create jobs". So far though no official word on if or when that would happen. The tax credit is due to end December 1, 2009. Why wait to see if it is extended. Interest rates are creeping up, house prices are on the rise. Now is the time to move. Ever heard the poem "The Reluctant Real Estate Investors Lament" if you haven't, now would be a good time to read it.



For more detailed information email me or go to www.federalhousingtaxcredit.com or www.irs.gov (search for first time home buyer tax credit)

There Is Still Time To Get The $8,000 Tax Credit

Call me now to find out how and to see if you qualify!!!!!!

Mortgage rates slip below 5%

Loan applications jumped 13% last week and are up 50% from late June, borrowers have been taking advantage of rates that now average 4.97% on a 30-year loan. This is the time to buy!!! Talk to me about the $8,000 first-time buyer tax credit. Time is running out but if you are eligible you can still get the credit if you act quickly.

Fast Facts From The California Association Of Realtors

California median home price - July 09: $285,480 (Source: California Association of Realtors.)
California highest median home price by California Association Of Realtors region July 09: Santa Barbara So. Coast $885,000 (Source: C.A.R.)
Calif. lowest median home price by C.A.R. region July 09: High Desert $110,650 (Source: C.A.R.)Calif. First-time Buyer Affordability Index - Second Quarter 2009: 67 percent (Source: C.A.R.)Mortgage rates - week ending 8/27/09 30-yr. fixed: 5.14% Fees/points: 0.7% 15-yr. fixed: 4.58% Fees/points: 0.7% 1-yr. adjustable: 4.69% Fees/points: 0.6% (Source: Freddie Mac)

Home Energy Efficiency Rebates

REFRIGERATOR REBATES ARE BACK!!$100.00 combined rebate when you purchase a new Energy Star® refrigerator and recycle your old one.
The Los Angeles Department of Water and Power (LADWP) is continuing its Consumer Rebate Program (CRP) to promote energy-efficient products. The LADWP is providing cash rebates to make purchasing energy-efficient products EASY and AFFORDABLE.

EFFECTIVE JAN. 1, 2009, SINGLE-SPEED POOL PUMPS WILL NO LONGER QUALIFY FOR A REBATE. REBATES WILL ONLY BE OFFERED FOR POOL PUMPS AND MOTORS WITH MULTI-SPEED TECHNOLOGY. CUSTOMERS WILL RECEIVE A REBATE OF $300.
• Funds available on a first-come, first-served basis.
• All applications must be postmarked within 12 months of purchase date to be considered eligible for a rebate.
HOW TO APPLY
• Click here to download the CRP Application.

Fast Facts From the Callifornia Association Od Realtors

Calif. median home price - May 09: $267,570 (Source: C.A.R.)
Calif. highest median home price by C.A.R. region May 09: Santa Barbara So. Coast
$875,000 (Source: C.A.R.)
Calif. lowest median home price by C.A.R. region May 09: High Desert $106,210 (Source: C.A.R.)Calif.
First-time Buyer Affordability Index - First Quarter 2009: 69 percent (Source: C.A.R.)Mortgage rates - week ending 7/16/09
30-yr. fixed: 5.14% Fees/points: 0.7%
15-yr. fixed: 4.63% Fees/points: 0.7%
1-yr. adjustable: 4.76% Fees/points: 0.5% (Source: Freddie Mac)