First Time Home Buyer
First Time Home Buyer Affordability Index
June 24, 2010 by Gwen Wang · Leave a Comment
California Association of Realtors’ First-time Buyer Housing Affordability Index measures the percentage of households that can afford to purchase an entry-level home in California. This Index measures housing well-being for first-time buyers. In the first quarter of 2010 this index Remain near an all time high at 66 percent in California. This means that 66%, or [...]
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2010 Survey of California Home Buyers
June 23, 2010 by Gwen Wang · Leave a Comment
The California Association of Realtors recently completed its 11th annual 2010 Survey of California Home Buyers that details how home buyers have adapted to changing market conditions and the new housing market environment. Some of the key findings of the home buyer survey are: 1. The share of first time home buyers increased in the [...]
Read More...Is Now a Great Time to Buy Your First Home in Palo Alto?
May 21, 2010 by Gwen Wang · Leave a Comment
Right now may be one of the best times in a long time to buy your first home in Palo Alto. We are experiencing historical low prices. There are many indications of a strengthening market. Interest rates remain near all time lows. There are tax advantages and tax incentives to buying your first home. The [...]
Read More...Buying Palo Alto Homes – Why You Might Not Want To Wait?
April 20, 2010 by Gwen Wang · Leave a Comment
Surprising numbers of potential homebuyers are holding off on buying Palo Alto homes. They see the housing prices drop and are waiting for them to go lower. They see the mortgage rates and are waiting for them to drop further. If this is you, you might want to rethink your strategy and take a real [...]
Read More...Palo Alto Homebuyer News – Governor Signs New California Home Buyer Tax Credit
April 1, 2010 by Gwen Wang · 6 Comments
Last Thursday on March 25th, Governor Schwarzenegger signed into law a new home buyer tax credit that is designed to reduce the number of vacant homes and encourage new construction in California. The new law, AB183, allows for up to a $10,000 tax credit for all buyers of new construction homes and existing home purchases [...]
Read More...The Clock is Ticking…On the Home Buyer Tax Credit
February 18, 2010 by Gwen Wang · 3 Comments
What You Need to Know to Use the Homebuyer Tax Credit to Buy a Home in Palo Alto/Menlo Park If you are considering buying a home in Palo Alto or Menlo Park this year and were interested in claiming the Homebuyer Tax Credit, you are running out of time. You must have a signed contract [...]
Read More...4 Options You Can Negotiate When Buying New Palo Alto Area Homes
August 11, 2009 by Gwen Wang · Leave a Comment
Are you looking to buy new construction? Many people are, but just as many aren’t aware that their newly built Palo Alto area homes comes with options and add-ons. In addition, they see an attractive price on new construction and think they’ve stepped into an unbelievable deal, not understanding that the price they’re looking at [...]
Read More...Are You a First Time Palo Alto or Menlo Park Area Home Buyer?
June 20, 2009 by Gwen Wang · Leave a Comment
Most people are familiar with the new stimulus plan that helps many get tax rebates for buying a home. The incentive is centered on first-time home buyers and a lot of people automatically assume they aren’t eligible because they have owned a home in the past. This incentive shouldn’t be dismissed so quickly. It is [...]
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