Metro Area | Avg. Savings on Foreclosure Purchase | 1-Yr Price Apprecia- tion | 5-Yr Price Apprecia- tion | Yr/Yr Employ- ment Growth |
Binghamton, NY | 50.59% | 7.79% | 43.64% | 0.06% |
Augusta/ Richmond, VA | 67.62% | 5.85% | 40.35% | 0.60% |
Syracuse, NY | 68.91% | 5.45% | 34.69% | 0.20% |
Yakima, WA | 71.37% | 5.42% | 34.51% | 1.10% |
Hickory/Lenoir/ Morgantown, NC | 71.42% | 5.42% | 23.79% | 0.10% |
Kingsport/ Bristol, TN-VA | 71.84% | 5.11% | 33.41% | 0.40% |
Columbia, SC | 72.70% | 5.43% | 30.08% | 0.10% |
Charlotte/ Gastonia, NC | 74.69% | 6.58% | 31.03% | 2.10% |
Provo/Orem, UT | 77.78% | 6.34% | 51.14% | -0.60% |
Beaumont/ Port Arthur, TX | 78.42% | 5.90% | 31.46% | 0.10% |
Wednesday, June 3, 2009
10 Best Places to Buy Foreclosure
RealtyTrac's 10 Best Places to Buy Foreclosures
Tuesday, March 10, 2009
Eligibility For Mortgage Help
The following articles summarizes how to determine eligibility for the US government's new mortgage assistance programs:
http://www.bankrate.com/brm/news/mortgages/20090310_housing_plan_questions_a1.asp
http://www.bankrate.com/finance/mortgages/check-your-mortgage-help-eligibility.aspx
http://makinghomeaffordable.gov/refinance_eligibility.html
http://makinghomeaffordable.gov/contact_servicer.html
http://www.bankrate.com/brm/news/mortgages/20090310_housing_plan_questions_a1.asp
http://www.bankrate.com/finance/mortgages/check-your-mortgage-help-eligibility.aspx
http://makinghomeaffordable.gov/refinance_eligibility.html
http://makinghomeaffordable.gov/contact_servicer.html
Sunday, March 8, 2009
New Tax Breaks For *First Time* Home Buyers
The US federal law makers have recently enacted a couple of tax legialations (tax breaks in the he form of loan/credit) that they hope would stimulate the economy:
http://www.bankrate.com/brm/itax/tips/20090305-first-home-buyer-credit-a1.asp?caret=4k
http://www.bankrate.com/finance/real-estate/great-time-for-first-time-homebuyers-1.aspx
http://www.bankrate.com/brm/itax/tips/20090305-first-home-buyer-credit-a1.asp?caret=4k
http://www.bankrate.com/finance/real-estate/great-time-for-first-time-homebuyers-1.aspx
Sunday, January 11, 2009
Inheritance Better Than Gift
According to this article, it is better to inherit a house as opposed to received it as a gift (for tax reasons):
http://www.bankrate.com/brm/news/realestateadviser/20090111-inherit-home-versus-gift-a1.asp
The reasons being the benefit of "step-up" for the basis of the house upon the death of the original owner.
http://www.bankrate.com/brm/news/realestateadviser/20090111-inherit-home-versus-gift-a1.asp
The reasons being the benefit of "step-up" for the basis of the house upon the death of the original owner.
Sunday, January 4, 2009
New FHA Conforming Jumbo Loan Limits
The new conforming loan limits have been set:
http://www.bankrate.com/brm/news/mtg/20090101_FHA_new_loan_limits_map_a1.asp
Here are the new limits for some counties in California (CA):
http://www.bankrate.com/brm/news/mtg/20090101_FHA_new_loan_limits_map_a1.asp
Here are the new limits for some counties in California (CA):
Alameda | $ 625,000 |
Orange
| $ 625,500 |
Alpine | $ 463,450 |
Placer
| $ 474,950 |
Amador | $ 417,000 |
Plumas
| $ 417,000 |
Butte | $ 417,000 |
Riverside
| $ 417,000 |
Calaveras | $ 417,000 |
Sacramento
| $ 474,950 |
Colusa | $ 417,000 |
San Benito
| $ 625,500 |
Contra Costa | $ 625,000 |
San Bernardino
| $ 417,000 |
Del Norte | $ 417,000 |
San Diego
| $ 546,250 |
El Dorado | $ 474,950 |
San Francisco
| $ 625,500 |
Fresno | $ 417,000 |
San Joaquin
| $ 417,000 |
Glenn | $ 417,000 |
San Luis Obispo
| $ 561,200 |
Humboldt | $ 417,000 |
San Mateo
| $ 625,500 |
Imperial | $ 417,000 |
Santa Barbara
| $ 603,750 |
Inyo | $ 417,000 |
Santa Clara
| $ 625,500 |
Kern
| $ 417,000 |
Santa Cruz
| $ 625,500 |
Kings
| $ 417,000 |
Shasta
| $ 417,000 |
Lake
| $ 417,000 |
Sierra
| $ 417,000 |
Lassen
| $ 417,000 |
Siskiyou
| $ 417,000 |
Los Angeles
| $ 625,500 |
Solano
| $ 417,000 |
Madera
| $ 417,000 |
Sonoma
| $ 520,950 |
Marin
| $ 625,500 |
Stanislaus
| $ 417,000 |
Mariposa
| $ 417,000 |
Sutter
| $ 417,000 |
Mendocino
| $ 417,000 |
Tehama
| $ 417,000 |
Merced
| $ 417,000 |
Trinity
| $ 417,000 |
Modoc
| $ 417,000 |
Tulare
| $ 417,000 |
Mono
| $ 529,000 |
Tuolumne
| $ 417,000 |
Monterey
| $ 483,000 |
Ventura
| $ 598,000 |
Napa
| $ 592,250 |
Yolo
| $ 474,950 |
Nevada
| $ 477,250 |
Yuba
| $ 417,000 |
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