Redding Ca Real Estate : November 2009

Foreclosures are still a hot topic in the real estate world. A recent survey shows that investors are getting back into the real estate market at a fast pace!

The survey showed that approx twice as many people are interested in investing in real estate VS. in March of this year.

On the buyers side of the equation approx 25% are after Foreclosures.

The largest age range that are interested in purchasing foreclosures is the 35-49 age range.

73% of these buyers expect their homes to appreciate at least 10% over the next 5 years.

28% of these buyers expect to have appreciation of at least 20% or more in the next 5 years!

Almost 25% think that prices are about as low as they are going to go with interest very reasonable.

Foreclosures and Short sales should make up a large part of the business for the next 1-2 years.

Regards,

Richard

Picking the right auto/home/life insurance company to represent you is an important decision in life.As with Realtor's there are some that are better than others and some that just do a better job.

It's the same in every industry...some stand out as great and some have a "reputation"...

Here you can check out companies that sell Home Insurance and see how many problems they have had.

Chances are your company is on this list.

To making informed choices!

Regards,

Richard

This is a great site if you or your clients have questions on the new tax credits offered and the extension of the former tax credit for first timers etc.

There is a ton of info and site out there with information on the tax credits but this site is the best one I have come across to get ALL the questions answered in one place.

The new bill will allow people that already own and want to trade up to take advantage of up to $6500 in tax credits if they purchase before the deadline date.

These credits will hopefully help spur the home buyers out there that have been sitting on the fence and waiting.

With interest rates at historic lows and inventory plentyful to choose from these factors should help to create one of the best buying times in recent history!

Regards,

Richard

The senate voted to extend the first time home buyers tax credit and has offered up a move up tax credit to purchasers that have lived in their homes for 5 more years.

Here are the highlights to the new Bill-HR 3548

Trade up buyers that have owned for 5 or more years=up to $6500 credit.

First Timers or anyone that has not owned for 3 or more years=up to $8,000

Buyers MUST sign the purchase agreement by April 30th and close by June 30th 2010!

The credit is phased out for those with incomes above $125k single or $225k for joint filers.

This is a tax credit and not money back.

Looks like a GREAT time to trade up while interest is still low and inventory is high!

Regards

Richard

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