In many parts of the country, Marin County included, real estate conversations of a not so distant past about price reductions, expired listings and underwater homeowners have been replaced with discussions about multiple offers, preemptive bids and over asking purchase prices. Different generations are jumping into homeownership as all segments of the market are experiencing great demand. Let me document…
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Would you buy a house without setting foot in it first? A recent San Francisco Chronicle article reports that buying — or at least bidding — sight unseen is becoming more common amid the frenzied competition of today’s real estate market in the Bay Area. Investors have been doing it when purchasing rental properties, but it’s now become…
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I just love it when a historical property comes on the market, and this week I got a real treat! A fascinating piece of Tiburon’s history was just revealed in the shape of a captivating miniature castle sited on a great rock overlooking Raccoon Straits and Angel Island. The home was built in 1895 by a San…
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Forbes released on Tuesday its annual list of the zip codes with the priciest housing. From sprawling mansions in California to urban palaces in New York City, the usual suspects made the top five, but this year a New York City upper East Side zip code, 10065, topped the list for the first time since…
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Want a discount on your next mortgage rate? Tell your lender that you’re willing to escrow.
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According to the January Case-Schiller Index, values are down 3.1% from last year, retreating to the same levels from Summer 2003. As a buyer or seller in today’s market, though, don’t read too much into it. The Case-Shiller Index is far too flawed to be the final word in housing.
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Marin County real estate sales were up slightly while prices trended down in January. There is noticeably more activity as serious buyers are attending open houses in greater numbers than usual for the season, with many chomping at the bit as they are unable to find what they are looking for.
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Did you buy a Marin County home in 2008? Home buyer tax credit repayment begins for 2008 buyers Most home buyers who claimed the federal tax credit of up to $7,500 for buying their first home in 2008 are required to start repaying the credit in 15 annual installments, beginning with their 2010 tax returns….
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Trulia’s American Dream Survey
On February 9, 2011, Trulia.com, a top site for homebuyers, sellers and renters, released the results of its biannual American Dream survey, which has tracked American attitudes towards homeownership since 2009. Harris Interactive conducted this online survey on Trulia’s behalf in January 2011 among 2,079 U.S. adults aged 18 and over. They found:
70% of Americans still view homeownership as being part of their American Dream.
78% say their homes are the best investment they ever made.
88% of 18-34 year old renters aspire to be homeowners.
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