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Links & Docs

Are We There Yet???

Answers to that tantalizing question regarding the real estate market in California nad the Bay Area.
1.The California Association of Realtors® Unsold Inventory Index stood at 6.5 months in February, compared with 15.3 months in February 2008.  A normal market is a six- to seven-month supply of homes.
2.The Federal Housing Finance Agency Home Price Index has  registered two consecutive months of Increase.  .An increase in the housing price index during February marks the first time it has risen two consecutive months since early 2007. The FHFA also has a home price indicator available...here is the link:    FHFA Price Indicator .
3. According to the National Mortgage News, Freddie Mac recently reported fixed rates at or near record lows throughout the country.
5.  Even President Obama and Federal Reserve Chief, Bernanke cited economic progress in recent appearances. 

What we are seeing in the market is much more activity from first time buyers.  The word is getting out.  For well priced homes in the lower price ranges, multiple offers are becoming more common.

If you or someone you know is thinking of buying in the Bay Area this is the right time….once in a lifetime tax credit incentives, low prices and record low interest rates have created the perfect storm of opportunity.  To search for your perfect home in the Bay Area, click AllBayAreaHomesForSale.com.

To assist buyers, we've added two Rent vs Buy calculators to the Bay Area Home Team Homepage and Blog Site...one calculator is by Freddie Mac the other calculator is by Ginnie Mae. If you, or anyone you know is thinking about  buying in the San Francisco Bay Area we can assist you with locating and financing your home. If renting seems like the right answer and you want to live on the Peninsula I can refer you to the best rental agent I know!

Please pass this on if you know someone that is considering buying a home.

Click AllBayAreaHomesForSale.com
for all homes listed in the San Francisco Bay Area MLS database and most of northern California.

Video Archives are here:
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New, updated BLOG is www.bayareahometeamonline.com

We are now offering Mobile Notary Services....for details click: Mobil Notary Service

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