HUD Waives 90 Day Flipping Rule for FHA Borrowers Starting February 1, 2010- Take note of the special conditions though.

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HUD’s David H. Stevens issued a waiver of the 90 Day Flipping Rule that has prevented private sellers (LLC’s, Trusts, etc) from taking offers from FHA home loan borrowers. This waiver was issued for a period of 1 year, starting February 1, 2010. There are a few conditions, such as the seller can’t [...]

California ups home buyer tax credit

News from the Cyberhomes blog that could impact you if buying a home or assisting your client in a purchase.
California’s real estate market may again become golden for some home buyers now that Gov. Arnold Schwarzenegger has proposed up to a $10,000 tax credit for those who purchase new or existing homes in the state.
Program [...]

Two Reasons Why Now Really May be a Great Time to Buy a Home

This is a great article a friend forwarded to me.  I cant agree more. Rates are low for only a short period. It’s like the FED is holding them don like a Basketball underwater. When that’s finished sky’s the limit. Now is the time to purchase your home or refinance if your home is underwater.  [...]

Bay Area Weekly Mortgage, Interest Rate and Real Estate News

This weeks trend,
Rise in mortgage rates:
Freddie Mac has announced that the mortgage rate (30-year fixed rate) for the week ending May 7 rose to 4.84%, from 4.78% for the earlier week. Incidentally, 4.78% was an all-time low. The rise in rate is significant more from a directional perspective than from the point of view of [...]

Viral Marketing and Single Property Websites- Reaching the end goal…CONSUMERS

The Internet has become the primary shopping tool for would be home buyers in the Bay Area. Now more than ever property websites and Viral Marketing  make up the most important tool to marketing  and selling your Real Estate listing. It is the job of a Realtor to represent the property and market it to [...]