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I am happy to report that that homes that were pending meaning put into escrow is exceeded the homes that were listed on the market. The San Diego MLS is listed as Sandicor. The MRMLS is for Riverside and SoCalMLS is for Orange County.
Active listings as of Friday, May 1:
MRMLS: 21,903
Sandicor: 14,723
SoCalMLS: 19,362
SFR and Condo Activity from April 19 through April 25.
New Actives:
MRMLS: 1,381 Sandicor: 791 SoCalMLS: 1,250
New Pendings:
MRMLS: 1,565 Sandicor: 930 SoCalMLS: 818
Closed Sales:
MRMLS: 1,240 Sandicor: 604 SoCalMLS: 689
Friday, May 01, 2009
Thursday, April 02, 2009
Could The Market Be Coming Up??!!
Below you will find the inventory for the multiple listing service. San Diego's is Sandicor. The activity below is for the week of 3/22- 3/28 and for the first time in awhile the pending sales at 1000 exceeds the New Active listings at 925. I think this is just another sign the market is turning around. Should you like to find out more please call me at 760 533 4551
Active listings as of Wednesday, April 1:
MRMLS: 25,169
Sandicor: 15,471
SoCalMLS: 21,253
SFR and Condo Activity from March 22 through March 28.
New Actives:
MRMLS: 1,486 Sandicor: 925 SoCalMLS: 1,175
New Pendings:
MRMLS: 1,724 Sandicor: 1,000 SoCalMLS: 839
Closed Sales:
MRMLS: 1,175 Sandicor: 580 SoCalMLS: 734
Great Opportunity For 1st Time Buyers
Thursday, April 2, 2009 the Housing Affordability Fund will launch a new program designed to provide peace of mind to first-time buyers who are hesitant to enter the housing market due to concerns about potential job loss, and subsequently being unable to meet their monthly mortgage obligations.
To be able to qualify for the Mortgage Protection Program, applicants must:. · Be a first-time home buyer – someone who has not owned a home in the last three years. · Open escrow April 2, 2009, or later, and close on or before Dec. 31, 2009 · Use a California REALTOR® in the transaction · Purchase the property in California · Be a W-2 employee (cannot be self-employed or military personnel) To receive a copy of the application please contact me at 760 533 4551 or Bridget@SellingNorthCounty.com
To be able to qualify for the Mortgage Protection Program, applicants must:. · Be a first-time home buyer – someone who has not owned a home in the last three years. · Open escrow April 2, 2009, or later, and close on or before Dec. 31, 2009 · Use a California REALTOR® in the transaction · Purchase the property in California · Be a W-2 employee (cannot be self-employed or military personnel) To receive a copy of the application please contact me at 760 533 4551 or Bridget@SellingNorthCounty.com
Sunday, March 15, 2009
Five Star Award
I am honored to mention that I am in this months issue of the San Diego Magazine. I was awarded the Five Star Real Estate Agents Best In Client Satisfaction. I was given this award from feedback from my previous clients. I want to thank my clients for there generosity. I have included a link that explains about the award and how I was chosen. Again I want to thank you for the award and the opportunity to serve you. http://www.sandiegomagazine.com/media/San-Diego-Magazine/March-2009/FIVE-STAR-Real-Estate-Agents/
Wednesday, September 03, 2008
FAQ For First Time Home Buyers Tax Credit
Please refer to this link for answers to questions you may have regarding First Time Home Buyers Tax Credit. http://www.realtor.org/gapublic.nsf/files/hbtaxcreditqa2008.pdf/$FILE/hbtaxcreditqa2008.pdf
Thursday, August 21, 2008
FHA Credit Link
Hi I wanted to post a link you can view that will break down the First‐time Homebuyer Tax Credit. This may be a little easier to view then my previous blog entry. http://www.realtor.org/GAPublic.nsf/files/chart_homebuyer_tax_credit_.pdf/$FILE/chart_homebuyer_tax_credit_.pdf
As always if there is anything I can help with please let me know.
As always if there is anything I can help with please let me know.
First-Time Homebuyer Federal Tax Credit
As part of the “Housing and Economic Recovery Act of 2008” that was recently signed into law, Congress has created a new, temporary federal income tax credit to provide an incentive for first-time homebuyers.
The amount of the federal tax credit is for 10% of the cost of the home, up to a maximum credit of $7,500. In essence, this is an interest-free loan that enables consumers to receive a tax credit on a dollar-for-dollar basis on their personal income tax return in the calendar year following the year of closing on their home. They begin paying the tax credit back the year after that and make equal installments during the next 15 years. If the homeowner sells the home at any point during the 15-year payback period, then the remaining amount is recaptured, unless they sell the home at a loss, at which point the balance is forgiven.
e.g., If a home costs $65,000, the allowable credit would be $6,500. If a home costs $120,000, then the allowable credit would be $7,500.
Eligibility is for first-time homebuyers only. In this case, a first-time homebuyer is defined as an individual who has not owned a primary home at any time during the past three years, but who may have done so previously. Although certain income limits do apply, the amount of the credit is the same for all taxpayers, married or single.
Individuals whose Form 1040 filing status is single (or head of household) are eligible for the tax credit if their income is no more than $75,000. Individuals who file a joint return may have no more than $150,000 in income.
Individuals with incomes between $75,001 and $94,999 (single) or $150,001 and $169,999 (joint returns) are eligible for a partial tax credit.
Individuals with incomes greater than $95,000 (single) or $170,000 (joint return) are not eligible for this tax credit.
The federal income credit can be claimed on one’s individual or joint tax return for the purchase of any single-family home between April 9, 2008 through July 1, 2009. Individuals should consult a professional tax advisor for exact tax calculations.
e.g., If an individual’s actual tax liability was $5,000, then after the tax credit is applied the purchaser would receive a total refund of $2,500. The refundable amount is the difference between the $7,500 tax credit and the amount of one’s tax liability.
e.g., If an individual’s actual tax refund was $2,000, then after the tax credit is applied the purchaser would receive a total refund of $9,500.
This tax credit is required to be repaid without interest in equal installments of 6.67% of the total credit each year for 15 years beginning the year after the tax credit is claimed.
e.g., If a homebuyer claims the $7,500 credit in 2009 on their federal income tax return for a closing that occurred in 2008, then the credit is received in 2009, so repayment begins in 2010 with an annual repayment amount of approximately $500 a year.
The amount of the federal tax credit is for 10% of the cost of the home, up to a maximum credit of $7,500. In essence, this is an interest-free loan that enables consumers to receive a tax credit on a dollar-for-dollar basis on their personal income tax return in the calendar year following the year of closing on their home. They begin paying the tax credit back the year after that and make equal installments during the next 15 years. If the homeowner sells the home at any point during the 15-year payback period, then the remaining amount is recaptured, unless they sell the home at a loss, at which point the balance is forgiven.
e.g., If a home costs $65,000, the allowable credit would be $6,500. If a home costs $120,000, then the allowable credit would be $7,500.
Eligibility is for first-time homebuyers only. In this case, a first-time homebuyer is defined as an individual who has not owned a primary home at any time during the past three years, but who may have done so previously. Although certain income limits do apply, the amount of the credit is the same for all taxpayers, married or single.
Individuals whose Form 1040 filing status is single (or head of household) are eligible for the tax credit if their income is no more than $75,000. Individuals who file a joint return may have no more than $150,000 in income.
Individuals with incomes between $75,001 and $94,999 (single) or $150,001 and $169,999 (joint returns) are eligible for a partial tax credit.
Individuals with incomes greater than $95,000 (single) or $170,000 (joint return) are not eligible for this tax credit.
The federal income credit can be claimed on one’s individual or joint tax return for the purchase of any single-family home between April 9, 2008 through July 1, 2009. Individuals should consult a professional tax advisor for exact tax calculations.
e.g., If an individual’s actual tax liability was $5,000, then after the tax credit is applied the purchaser would receive a total refund of $2,500. The refundable amount is the difference between the $7,500 tax credit and the amount of one’s tax liability.
e.g., If an individual’s actual tax refund was $2,000, then after the tax credit is applied the purchaser would receive a total refund of $9,500.
This tax credit is required to be repaid without interest in equal installments of 6.67% of the total credit each year for 15 years beginning the year after the tax credit is claimed.
e.g., If a homebuyer claims the $7,500 credit in 2009 on their federal income tax return for a closing that occurred in 2008, then the credit is received in 2009, so repayment begins in 2010 with an annual repayment amount of approximately $500 a year.
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