Market Conditions
« Previous EntriesCongress Finally Passes the Homebuyer Credit Extension
Thursday, July 1st, 2010As a follow up to my blog of June 16, 2010,* here is some really good news for a lot of prospective homebuyers in Palm Springs and other communities across the nation. Talk about your nail-biter scenario! Just picture the approximately 180,000 buyers with a contract in process, patiently watching as our legislators in Washington [...]
Good News for Palm Springs Homebuyers – Federal Homebuyer Credit may be extended
Wednesday, June 16th, 2010Here is a follow up to my blog on November 6, 2009 entitled Good News on First Time Home Credit about the then recently enacted extension of the first time homebuyers credit. As that article explained, the homebuyer credit originally established in early 2009 was extended until June 30, 2010. The extension was a good [...]
Canadian Dollar Founders But Watch for a Comeback
Monday, May 31st, 2010This is a follow-up to my April 30th Blog entitled, Canadian Loonie Reaches Parity with Our Greenback, What a Great Time to Buy Real Estate in Palm Springs. At that time, I discussed the fact that the Canadian dollar was reaching parity with the U.S. dollar, and how, it was a very good moment to [...]
Canadian Loonie Reaches Parity with Our Greenback, What a Great Time to Buy Real Estate in Palm Springs
Friday, April 30th, 2010We have been speculating over this last year that the Canadian Dollar or Loonie would, at some point in the not too distant future, be at parity with the US Dollar. The stability of the conservative Canadian banking system, mostly untouched by toxic securities, was like a beacon in the night, and particularly this year, [...]
For Those Who Have Experienced a Short Sale
Tuesday, April 27th, 2010Fannie Mae recently released some new guidelines that have changed the waiting period for individuals who have had to sell their homes through a short sale, a pre-foreclosure or a Deed-In-Lieu of Foreclosure sale. Their old guideline specified that you would have to wait four (4) years before applying for a Fannie-Mae backed loan. The [...]
California Expands $10K Buyer Tax Credit
Wednesday, April 14th, 2010On March 25, 2010 a new law, AB 183, was signed by Gov. Arnold Schwarzenegger as a 2010 Tax Credit for new home / first time buyers; the law allocates $200 million to be used for tax credit incentives to homebuyers for homes purchased between May 1, 2010 and August 1, 2011. That’s twice the [...]
Good News on the First Time Home Credit
Friday, November 6th, 2009This week in quick succession, the U.S. Senate and U.S. House of Representatives, on Wednesday and Thursday respectively, voted to extend the home credit in a new $24 billion economic stimulus bill, and today President Obama signed it into law. The bill extends tax incentives to prospective homebuyers; it also includes additional benefits to those [...]
Don’t Wait Too Long to Buy
Wednesday, October 28th, 2009If you are a pre-qualified buyer with a lender ready to go, my advice is – don’t wait too long to pull the trigger on your loan. You may be waiting for that perfect time to buy because you think that prices are still coming down, and maybe you are right. Prices may still come [...]
Tracking Price Trends
Friday, October 23rd, 2009Are homes going to get much cheaper? In a recent article at CNN Money.com entitled Homes about to get much cheaper, the author stated: If you thought home prices were bottoming out, you may be wrong. They’re expected to head a lot lower. The author goes on to say that the national median price is [...]
Time to Invest
Monday, September 14th, 2009We’re having a feeding frenzy! If you haven’t been following the real estate market lately, you might have just missed a market bottom go by, here in Palm Springs. If you are a potential investor, don’t wait! I get the impression that if we haven’t hit bottom for properties at the low end of this [...]
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