Arn Cenedella

Is there a slight uptick in the real estate market?

Kappy Mann, a colleague in Truckee Lake Tahoe recently posted an article from Rueters that states many people are entering the market for the first-time since ownership costs are now approaching rental costs in some areas of the country.

Combine low interest rates with lower housing prices, add in federal and possibly state tax credits and there is opportunity to make a good buy on your first property.

If you are looking in the San Francisco Bay Area, please contact me and I will give you all the information you need to decide if buying is right for you at this time. I am currently working with first-time buyers from $150,000 to $800,000 price range.

This entry was posted on Wednesday, March 25th, 2009 at 6:55 pm and is filed under First-time home buyers, Helpful Sites, Real Estate Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. Pam Buda said at March 30th, 2009 at 1:03 pm

   Hi Arn, yes home affordability in the Bay Area and my region in Sonoma County are at the highest point in years. Today nearly 60% of Sonoma County residents can afford an entry level home here, while it was only 22% three years ago at the peak of the boom. The $8,000 tax credit is a boon to first time buyers (anyone who has not owned a home in the last 3 years), which is motivating a lot of folks to get going. I was at Trader Joe’s the other day and over heard the young woman at the free sample counter saying that she and her boyfriend are going to look for their first home this summer. I think a lot of people will be joining her.

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