Archive for April, 2009
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Mortgage Rates Fall to Their Lowest Level Since 1971!
Freddie Mac started surveying mortgage rates over 38 years ago. Today, Freddie Mac announced the lowest recorded average 30 year fixed rate since 1971, 4.78%! "Frank Nothaft, Freddie Mac's chief economist, said the low rate means that those who r
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San Diego Home Sales Getting Stronger!
[caption id="attachment_486" align="alignleft" width="90" caption="WOW!"][/caption] Wow! I counted four newspaper stories yesterday about the strengthening home sales market in San Diego. I think that is a record ... well, at least since 2005!
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San Diego Home Sales are HOT!
While the mainstream media continues to berate housing sales and pricing, home buyers are shopping for deals! As reported by 760 KFMB, a local San Diego radio station, people know a great deal when they see it. At least 81 people have put in a bid
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Tax Credits continue to be HOT!
***Update - 2010 California New Home Tax Credit Takes Effect 5/1/10 - Details Here*** The $10,000 California Tax Credit for the purchase of a new home continues to be a major factor in the reviving new home industry. As of April 22nd, nearly $41
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Real Estate Recovering in California?
There are numerous signs that the real estate industry in California is recovering. Sales are up. Inventories are down. Conforming loan amounts are up. Mortgage loan rates are down. Tax credits for purchasing homes are up. Prices are down
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