HOME SALES SURGE

November 23, 2009

Home sales far exceeded expectations last month, surging to the highest level in 2 1/2 years as first-time buyers rushed to take advantage of an expiring tax credit.
The National Association of Realtors said Monday that home resales rose 10.1 percent to a seasonally adjusted annual rate of 6.1 million in October, from a downwardly revised [...]

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Economic Update

November 3, 2009

Last Week in the News
The Commerce Department announced that gross domestic product — the total output of goods and services produced in the U.S. — increased at an annual rate of 3.5% in the third quarter of 2009. The rebound ended four consecutive quarters of contracting economic activity, the longest period of decline since quarterly [...]

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Senators agree to extend homebuyer tax credit

October 29, 2009

 
 
WASHINGTON – Senators agreed Wednesday to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers.
The tax credit provides up to $8,000 to first-time homebuyers but is set to expire at the end of November. The Commerce Department said Wednesday that new home sales fell 3.6 percent [...]

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Sonoma County Foreclosure Buyers…are you ready?

October 19, 2009

Are you ready…not for football but are you ready, really ready to buy a property?  Are you pre-approved or are you fully approved?  Did you even know you can get fully approved except for the property part?  Most lenders really don’t want to spend the time but if your serious then you should get fully approved.  [...]

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Latest Economic News

October 19, 2009

Last Week in the News
Retail sales decreased 1.5% in September, following a revised 2.2% increase in August. However, excluding automobiles, retail sales rose 0.5%, more than the 0.2% increase economists had expected. Car sales fell 10.4% from their August high, as the ‘cash for clunkers’ program expired.
The Commerce Department reported that total business inventory decreased [...]

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The Latest Economic News

October 12, 2009

Last Week in the News
The U.S. non-manufacturing sector grew for the first time since August 2008. The Institute for Supply Management reported the monthly index of non-manufacturing activity rose to 50.9 in September from 48.4 in August. A reading above 50 signals expansion. Big gains were made in new orders, up more than four points [...]

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NOW Is the Time to Get a Sonoma County Home Loan!

October 9, 2009

 
Mortgage rates have dropped AGAIN and are extremely low. This makes it a GREAT time to buy or refinance a home in Sonoma County. Why act now?
A drop in rates provides a tremendous opportunity to refinance and reduce your monthly mortgage payment and potentially save thousands of dollars over the life of your home loan. [...]

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Sonoma County First time home buyers are running out of time

October 8, 2009

 

With no guarantee of an extension of the $8,000 tax credit, first-time buyers must aim to close before Nov. 30. Here’s how to find a home and buy it quickly.
By MarketWatch
Timing is everything for many first-time buyers today. For those who purchase a home this year, the tax credit is for 10% of the purchase [...]

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Using Local Services

October 6, 2009

Let’s face it- we are currently in a recession that seems to be getting worse by the day.  Money doesn’t go as far as it once did, and for all of us who are in business, this means learning to be very wise with our spending.
Recent marketing studies are showing that one effective way to [...]

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Mortgage Rates Could Have Hit Bottom

October 6, 2009

Today, Australia raised its “fed rate” or equivalent there of signalling to the rest of the world that according to one G20 country, the worst is over.  The stock market has rallied and attempts to sell 39 billion dollars worth of 7 year notes is going poorly.    They will have to raise the yeild in order to [...]

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