Blogs

California housing affordability has risen dramatically

Posted Mon, 07/13/2009 - 09:11 by kjaeb

Housing affordability has more than doubled in response to the decline in home prices along with historically low mortgage rates, creating a tremendous opportunity for home buyers in California. The affordability index statewide is now over 60%, due to the combination of favorable prices, low mortgage rates, and home buyer tax credits. Sales of distressed properties accounted for just over half of the state’s transactions.

Forty-nine percent of all buyers purchased a home through a traditional market sale, while 38 percent purchased a REO/bank-owned property. Only 13 percent of buyers purchased a short-sale property.

There are good deals out there, and this market correction has allowed many more California families to afford a home!

The Perfect Vacation

Posted Thu, 01/22/2009 - 11:41 by kjaeb

Many savvy investors know that this is the perfect time to buy a home; rarely have all the elements lined up so well. Like a perfect vacation, when the location is wonderful, the weather is exactly right, the flights and hotel rooms are discounted, now is the perfect time to buy real estate. Prices are low, rates are historically low, and sellers are motivated. Many experts are pointing to this "perfect storm" as the time that people who have been preparing to buy real estate have been waiting for. It's important to be clear on what is important to you about buying a home or other property, and then when the right property comes along, it's time to act.

FHA loans available!

Posted Tue, 06/24/2008 - 11:17 by kjaeb

Do you know that zero- and low-downpayment loans are still available? The FHA loan limits have been increased, at least temporarily, making them useful in today's Bay Area market. Even if you can't qualify for a conventional loan, due to a lower credit score or high debt-to-income ratio, you may qualify for FHA! You CAN take advantage of this excellent market with lower prices and low interest rates.

I'd be glad to give you more information - just email or call.

My purpose is for you to be so outrageously happy with the help I provide that you gladly introduce me to your friends, family, and another people you care about, because you want them to get the best real estate advice from a real estate consultant you trust.