Shopping for Your Home

Sunday, June 14, 2009

PROOF IS HERE! THE UPTURN IS COMING!

It's looking good peeps! The economy, especially the housing market is making its way back up the latter. Let's look at some geographical stats:


Northeast: The Pending Home Sales Index shot up 32.6 percent to 78.9 in April and is 0.8 percent above a year ago.
Midwest: The index rose 9.8 percent to 90.4 and is 11.1 percent above April 2008.
South: The index slipped 0.2 percent to 93 in April but is 3.5 percent higher than a year ago.
West: The index rose 1.8 percent to 94.8 but is 2.9 percent below April 2008.



According to our money guru Bernanke,
"We continue to expect economic activity to bottom out, then to turn up later this year. Key elements of this forecast are our assessments that the housing market is beginning to stabilize. Final demand should also be supported by fiscal and monetary stimulus."


In Cali, our economic epicenter, data suggests that housing prices nationally could start to rebound relatively soon. That data includes two consecutive monthly gains in the median price of existing homes. In April, single-family median home price rose 1.4 percent to $256,700 YEAH!!!



As I have mentioned before, KUDOS to all you investors out there, you are key to our UPTURN! Some investment companies like Discovery Enterprises are snapping up foreclosed properties at bargain basement prices. Then financing buyers with small down payments and less than perfect credit. Keep in mind that many of these properties are in need of work, so more jobs are created YIPPEE!!!


Comments, Suggestions, Questions?


SEE YOU AROUND THE NEIGHBORHOOD!

Saturday, June 6, 2009

HURRY!!! Get $8000 TO BUY YOUR NEW HOME


YES, it's true first time buyers, as I have stressed before, WHAT ARE YOU WAITING FOR?Now that $8000 tax credit given to you by our Obama administration (The American Recovery and Reinvestment Act of 2009) can now be applied to your closing costs!


FHA approved lenders can now develop bridge loans under the guidance of the U.S. Department of Housing and Urban Development that first time homebuyers can use toward:


CLOSING COSTS

BUY DOWN INTEREST RATE

INCREASE DOWNPAYMENT


Keep in mind that you would still need to come up with the 3.5 percent down needed, however there are many sources out there to help you with that downpayment. Some states have developed their own tax credit bridge loan programs giving buyers the tax credit upfront to cover all or part of their downpayment.


Contact me for more info:


RealEstatewithRuben@gmail.com


SEE YOU AROUND THE NEIGHBORHOOD!!!