San Francisco Real Estate
At current market trends, over the next month:*
1400 active house & condo listings will be joined by 600 new listings.
1 in 7 or 8 of those listings will accept an offer to purchase.
1 in 8 will expire or be withdrawn from the market (didn’t sell).
1 in 4 will reduce its asking price.
75 [...]
The recently enacted economic-stimulus law contains an unusually attractive new tax break (up to $8,000) for many homebuyers — if they can only figure out how it works. Read the full article that appeared in today’s Wall Street Journal.
http://tiny.cc/RealEstateTaxBreak
Read the Full Article and Q&A here:
The new law sweetens a provision known as the “first-time homebuyer credit.” In [...]
I thought that is would be useful to share this question and my answer to a client. If you have any questions please e-mail me.
Jane,
Do you agree that home sales in SF are ballooning as recently reported? If so, do you have any idea why? Have prices firmed as well? I am just curious. We [...]