CB Chico Blog
Monday, August 09, 2010 @ 10:26:00 AM - 0 comments
Creating awareness for the benefits of early cancer detection.
Tuesday, July 06, 2010 @ 9:39:00 AM - Written by MW - 0 comments
What you should know about the market
Tuesday, July 06, 2010 @ 9:37:00 AM - 0 comments
Lots of people will want to get in on this one: California is going to use federal money to pay down the mortgages of struggling homeowners.
Tuesday, July 06, 2010 @ 9:35:00 AM - Written by MW - 0 comments
Congress passed a bill this week extending the deadline to close escrow and qualify for the federal home buyers tax credit. President Obama is expected to sign the bill extending the deadline to Sept. 30, 2010, instead of its original June 30 deadline.
Monday, June 28, 2010 @ 4:00:00 PM - Written by MW - 0 comments
Both the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) and the NATIONAL ASSOCIATION OF REALTORS® (NAR) released monthly housing reports this week. However, each report told a different story about the housing market. Nationally, home sales declined but in California home sales rose 14.1 percent in May compared with April and 1.2 percent compared with April 2009.
Monday, June 28, 2010 @ 3:53:00 PM - Written by MW - 0 comments
Monday, June 28, 2010 @ 3:52:00 PM - Written by MW - 0 comments
Californians are feeling better about the economy than they were a few months ago, but they continue to hold back on big-ticket spending, according to a recent survey by Chapman University.
Monday, June 21, 2010 @ 8:59:00 AM - Written by MW - 0 comments
California’s unemployment rate, currently at 12.4 percent, will not return to single-digit levels until 2012 and the state’s inland areas will continue to be impaired by excess housing inventory and state budget cuts, according to a forecast released Tuesday by UCLA’s Anderson School of Business.
Monday, June 21, 2010 @ 8:57:00 AM - Written by MW - 0 comments
Sooner or later, the economy will rebound, jobs will return and new households will form. When that time comes, however, there might not be enough housing to accommodate all the new family formations.
Monday, June 21, 2010 @ 8:56:00 AM - Written by MW - 0 comments
Trading down to a smaller home is a retirement-planning staple. According to an April study by the Society of Actuaries, 20 percent of not-yet retirees say they plan to downsize after the last child leaves the nest.
Monday, June 21, 2010 @ 8:54:00 AM - Written by MW - 0 comments
Job growth will be the key factor in whether the U.S. real estate market can extend a recovery after the end of the federal home buyer tax credit, according to a Harvard University study.
Monday, June 21, 2010 @ 8:53:00 AM - Written by MW - 0 comments
U.S. consumer sentiment improved in early June to its strongest level in nearly 2-1/2 years, bolstered by hopes of better job and credit conditions, a recently released survey showed.
Thursday, May 27, 2010 @ 5:23:00 PM - Written by MW - 0 comments
California’s median home price—the point at which half of homes sold for more and half for less—rose 21 percent in April compared with a year earlier, but sales of existing, single-family homes declined 8.1 percent, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) April sales and price report.
Thursday, May 27, 2010 @ 5:21:00 PM - Written by MW - 0 comments
It’s prime time for house hunters. Nearly anyone with a decent job and a good credit score can afford to buy in their home towns.
Thursday, May 27, 2010 @ 5:19:00 PM - Written by MW - 0 comments
A key measure of consumer confidence climbed for a third straight month in May, a research group said Tuesday, with the outlook for the next few months spiking to pre-recession levels.
Thursday, May 06, 2010 @ 4:41:00 PM - Written by MW - 0 comments
The number of buyers who signed contracts to purchase U.S. homes surged more than expected in March, another sign that government incentives are propelling the housing market this spring.
Thursday, May 06, 2010 @ 4:41:00 PM - Written by MW - 0 comments
Homeowners with secure jobs and no immediate plans to move will often watch mortgage rates anyway, just in case they have the opportunity to refinance their loans. But few of them will regularly bother to check housing sales or foreclosures, which also could effect their ability to refinance.
Thursday, May 06, 2010 @ 4:40:00 PM - Written by MW - 0 comments
Fannie Mae, the government-backed mortgage giant, announced Friday that it would tighten lending requirements for the interest-only loans and adjustable rate mortgages (ARMs) it backs.
Thursday, May 06, 2010 @ 4:39:00 PM - Written by MW - 0 comments
Just as one government home buyer tax credit program ends, another begins. The home buyer tax credit signed into law in March by Gov. Arnold Schwarzenegger now is available.
Monday, April 26, 2010 @ 10:09:00 AM - Written by MW - 0 comments
Affordable home prices and low interest rates have created an ideal time for many buyers to purchase homes, and now a new week-long look at homeownership confirms it. The national study, conducted for The Associated Press, shows that the difference between monthly rents and mortgage payments is at its lowest level in nearly 20 years.
Monday, April 26, 2010 @ 10:08:00 AM - Written by MW - 0 comments
New home buyers will burn through the California state tax credit no later than May 20, according to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).
Monday, April 26, 2010 @ 10:07:00 AM - Written by MW - 0 comments
In a positive sign for the economy, a bankers group said that delinquencies on consumer loans declined in the last three months of 2009, marking the second consecutive quarter or improvement, and a sampling of data suggests the trend has continued this year.
Monday, April 26, 2010 @ 10:03:00 AM - Written by MW - 0 comments
With the Federal Reserve out of the mortgage market and the economy gaining strength, some economists are warning that mortgage rates, still near historic lows, will soon start to rise.
Monday, April 26, 2010 @ 9:53:00 AM - Written by MW - 0 comments
Some home buyers in California could get a federal tax credit worth up to $8,000 plus a new state credit worth up to $10,000 if they time their purchase just right.
Tuesday, April 06, 2010 @ 4:39:00 PM - Written by MW - 0 comments
April 10, 2010
Tuesday, April 06, 2010 @ 2:46:00 PM - Written by MW - 0 comments
For troubled homeowners across the country, one question loomed large Friday as the Obama administration announced new provisions to the Making Home Affordable Program. Will it help me?
Tuesday, April 06, 2010 @ 2:45:00 PM - Written by MW - 0 comments
Home prices rose modestly in January, according to a closely watched national index, an unexpected piece of good news for a housing market that has struggled to hold its momentum this year.
Tuesday, April 06, 2010 @ 2:44:00 PM - Written by MW - 0 comments
The U.S. economy expanded at a 5.6 percent annual rate in the fourth quarter of 2009, and corporate profits climbed, setting the stage for gains in employment that may broaden and preserve the expansion.
Monday, March 29, 2010 @ 3:00:00 PM - Written by MW - 0 comments
Governor Schwarzenegger today signed AB 183 providing $200 million for home buyer tax credits. The bill allocates $100 million for qualified first-time home buyers who purchase existing homes and $100 million for purchasers of new, or previously unoccupied, homes.
Monday, March 29, 2010 @ 2:59:00 PM - Written by MW - 0 comments
Generally, the Internal Revenue Service (IRS) treats debt forgiveness by a creditor as taxable income. However, under federal legislation that took effect in 2007, certain home mortgage debt cancellations—such as loan modifications, short sales, or foreclosures—may be exempted from federal taxes. Other exemptions are also available.
Monday, March 29, 2010 @ 2:58:00 PM - Written by MW - 0 comments
The U.S. housing market is poised to withstand the removal of government and Federal Reserve stimulus programs and rebound later in the year, contributing to annual economic growth for the first time since 2006.
Monday, March 29, 2010 @ 2:56:00 PM - Written by MW - 0 comments
The Federal Reserve has reaffirmed its intention to stop buying mortgage-backed securities, signaling the likelihood that the mortgage rates you can get today are as good as they’re going to be for a long time. Once the Fed stops buying, after all, rates are likely to go up.
Monday, March 22, 2010 @ 2:01:00 PM - Written by MW - 0 comments
Nearly half of home purchases statewide last year went to first-time buyers, the highest since 1995, the CALIFORNIA ASSOCIATION OF REALTORS® reported.
Monday, March 22, 2010 @ 1:59:00 PM - Written by MW - 0 comments
The Federal Reserve has been purchasing mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac since early last year. The purchase program has helped maintain low interest rates for borrowers. As planned, the Fed this week announced it will stop purchasing these securities at the end of this month. Many analysts anticipate this will result in a slight rise in rates by year’s end.
Thursday, March 11, 2010 @ 3:47:00 PM - Written by M Wallen - 0 comments
The combination of affordable home prices, low interest rates, and the federal tax credit for home buyers have created an opportune time for many buyers to purchase a home. Many real estate analysts also believe that most housing markets have stabilized, but that some markets may decline further.
Thursday, March 11, 2010 @ 3:46:00 PM - Written by M Wallen - 0 comments
The Federal Reserve has pushed mortgage rates to near half-century lows, but millions of U.S. homeowners haven’t benefited from that because they can’t—or won’t—refinance.
Thursday, March 04, 2010 @ 4:28:00 PM - 0 comments
What you should know about the market…
Thursday, March 04, 2010 @ 4:27:00 PM - 0 comments
U.S. home prices fell 1.2 percent in the fourth quarter from a year earlier, the smallest loss in two years, as a federal tax credit for home buyers boosted demand.
Thursday, March 04, 2010 @ 4:26:00 PM - 0 comments
The government is giving homeowners another year to refinance their loans under a little-used program designed to help borrowers whose homes have plummeted in value.
Thursday, March 04, 2010 @ 4:25:00 PM - 0 comments
Beginning Jan. 1, the Dept. of Housing and Urban Development (HUD) required lenders to issue Good Faith Estimates to protect consumers applying for mortgage loans. Some loan officers, however, sidestep the new requirement by giving their initial quotes on informal worksheets that carry no federal consumer protections. It is important that consumers understand the differences between the federally mandated good faith estimate form and a lender’s informal worksheet.
Monday, March 01, 2010 @ 10:30:00 AM - 0 comments
What to do when begining your house hunt.
Monday, March 01, 2010 @ 10:28:00 AM - 0 comments
Under pressure to do more for troubled homeowners, President Obama is expected to announce a $1.5 billion program to help borrowers in five states hit hardest by the housing crisis.
Monday, March 01, 2010 @ 10:27:00 AM - 0 comments
The Internal Revenue Service (IRS) recently issued new guidelines and clarified documentation that taxpayers must submit to successfully obtain the federal tax credit for home buyers.
Thursday, February 11, 2010 @ 1:44:00 PM - 0 comments
February 27th
Monday, February 01, 2010 @ 1:39:00 PM - 0 comments
Mortgage rates in 2010 are expected to rise from 2009's historically low levels.
Friday, January 22, 2010 @ 10:36:00 AM - 0 comments
Los Angeles Times:
Going to sell the house? Don't wait for 'spring' in February.
The busiest season for home sales traditionally begins the day after the Super Bowl. But putting off getting the
word out about your property would probably be a mistake, some experts say.
Going to sell the house? Don't wait for 'spring' in February.
The busiest season for home sales traditionally begins the day after the Super Bowl. But putting off getting the
word out about your property would probably be a mistake, some experts say.
Friday, January 22, 2010 @ 10:34:00 AM - 0 comments
• Customized rooms with extremely bright or dark colored paint, wallpaper, or wall fixtures can make a
house feel like a home for the current homeowner, but often can be a turn off for home buyers. When
selling a home, many REALTORS® recommend repainting rooms with neutral colors to help
prospective buyers see the potential for the house.
• For homeowners who planned to overhaul the kitchen or bathroom with a major remodel but never
found the time, there are some small, inexpensive cha
house feel like a home for the current homeowner, but often can be a turn off for home buyers. When
selling a home, many REALTORS® recommend repainting rooms with neutral colors to help
prospective buyers see the potential for the house.
• For homeowners who planned to overhaul the kitchen or bathroom with a major remodel but never
found the time, there are some small, inexpensive cha
Friday, January 22, 2010 @ 10:31:00 AM - 0 comments
Los Angeles Times:
Applications for home loans jumped 9 percent last week as interest rates declined for all types of mortgages, falling back to 5 percent for 30-year fixed loans, the industry trade association reported Wednesday.
Applications for home loans jumped 9 percent last week as interest rates declined for all types of mortgages, falling back to 5 percent for 30-year fixed loans, the industry trade association reported Wednesday.
Friday, January 22, 2010 @ 10:26:00 AM - 0 comments
CNN Money:
Rising defaults on loans insured by the Federal Housing Administration (FHA) have led the agency to impose future policy changes to its home loan program. The FHA provides mortgage insurance on loans made by FHA-approved lenders. Borrowers must meet certain requirements established by the FHA to qualify for the insurance, but lenders bear less risk because the FHA will pay the lender if a homeowner defaults on his or her loan.
Rising defaults on loans insured by the Federal Housing Administration (FHA) have led the agency to impose future policy changes to its home loan program. The FHA provides mortgage insurance on loans made by FHA-approved lenders. Borrowers must meet certain requirements established by the FHA to qualify for the insurance, but lenders bear less risk because the FHA will pay the lender if a homeowner defaults on his or her loan.
Friday, January 15, 2010 @ 10:34:00 AM - 0 comments
MSN :
California remains ahead of the nation in market recovery with many first-time home buyers entering the
market due to affordable home prices, low mortgage rates, and first-time home buyer tax credits from the state
and federal governments. However, credit still is tight and unemployment remains high, which could hinder a
full market recovery until 2011.
California remains ahead of the nation in market recovery with many first-time home buyers entering the
market due to affordable home prices, low mortgage rates, and first-time home buyer tax credits from the state
and federal governments. However, credit still is tight and unemployment remains high, which could hinder a
full market recovery until 2011.
Thursday, January 14, 2010 @ 9:02:00 AM - 0 comments
No One Turns "For Sale" Into "Sold" Like US!
Monday, January 11, 2010 @ 11:41:00 AM - 0 comments
Chico Home Buyers,
More than 20,000 California homebuyers could get state tax credits up to $10,000 this year under a new stimulus proposed Wed. by Gov. Arnold Schwarzenegger.
More than 20,000 California homebuyers could get state tax credits up to $10,000 this year under a new stimulus proposed Wed. by Gov. Arnold Schwarzenegger.
Friday, December 18, 2009 @ 1:51:00 PM - 0 comments
Bloomberg
Fed keeps “extended period” pledge, sees rebound
The Federal Reserve repeated its pledge to keep interest rates “exceptionally low” for “an extended period” and said the economy is strengthening.
Fed keeps “extended period” pledge, sees rebound
The Federal Reserve repeated its pledge to keep interest rates “exceptionally low” for “an extended period” and said the economy is strengthening.
Friday, December 11, 2009 @ 11:26:00 AM - 0 comments
Salvation Army Angel Tree 2009 ready for pick-up December 14th.
Friday, December 11, 2009 @ 10:22:00 AM - 0 comments
The Mercury News:
Mortgage rates are hovering at historic lows, home prices are just starting to edge up from total collapse,
and the government is offering tax breaks to first-time and move-up buyers.
Mortgage rates are hovering at historic lows, home prices are just starting to edge up from total collapse,
and the government is offering tax breaks to first-time and move-up buyers.
Friday, December 11, 2009 @ 10:20:00 AM - 0 comments
San Francisco Chronicle:
Recent good news about the housing market has many home buyers wondering whether now is a good time
to buy. For example, home sales activity increased 9.4 percent nationally in September, a 26 percent
increase from a low point in January, according to the NATIONAL ASSOCIATION OF REALTORS®.
Recent good news about the housing market has many home buyers wondering whether now is a good time
to buy. For example, home sales activity increased 9.4 percent nationally in September, a 26 percent
increase from a low point in January, according to the NATIONAL ASSOCIATION OF REALTORS®.
Friday, December 11, 2009 @ 10:06:00 AM - 0 comments
Los Angeles Times:
If you’re thinking about applying for the new $6,500 home buyer federal tax credit or the extended $8,000
version, the Internal Revenue Service has just issued its first formal guidelines for you.
If you’re thinking about applying for the new $6,500 home buyer federal tax credit or the extended $8,000
version, the Internal Revenue Service has just issued its first formal guidelines for you.
Wednesday, November 18, 2009 - Written by Coldwell Banker DuFour Realty - 0 comments
The California Energy Commission's updated Title-24 Building Energy Efficiency Standards for residential and non-residential roofing will go into effect on January 1, 2010. The new standards affect new construction, significant repairs of existing roofs, re-roofing, plus additions and alternations of existing buildings and homes. On January 1, 2010, a cool roof will be required for residential buildings. Cool roofs are designed to reduce air conditioner demand, save money, and reduce urban heat
Monday, November 16, 2009 - Written by Coldwell Banker DuFour Realty - 0 comments
So, What's So Great About A Tax Credit?
The benefit of a tax credit is that it's a dollar-for-dollar benefit rather than a "tax-deduction", or reduction in a tax liability that would only save you $1,000 - $1,500. So, if a first-time home-buyer qualifies for the entire $8,000 but has a tax liability of $6,000 the buyer will receive a check for $2,000
The benefit of a tax credit is that it's a dollar-for-dollar benefit rather than a "tax-deduction", or reduction in a tax liability that would only save you $1,000 - $1,500. So, if a first-time home-buyer qualifies for the entire $8,000 but has a tax liability of $6,000 the buyer will receive a check for $2,000
Thursday, November 12, 2009 - Written by Coldwell Banker DuFour Realty - 0 comments
HOMEBUYER TAX CREDIT EXTENDED AND EXPANDED
Effective November 7, 2009 - Extended to April 30, 2010
The first-time homebuyer will continue to receive a tax credit of up to $8,000 while existing homeowners will receive a reduced credit of up to $6,500. Existing homeowners will be eligible for the $6,500 if they have lived in their residence for at least five years. The bill increases the qualifying income limits to $125,000 single tax filers and $225,000 for joint tax filers. The purchase pri
Effective November 7, 2009 - Extended to April 30, 2010
The first-time homebuyer will continue to receive a tax credit of up to $8,000 while existing homeowners will receive a reduced credit of up to $6,500. Existing homeowners will be eligible for the $6,500 if they have lived in their residence for at least five years. The bill increases the qualifying income limits to $125,000 single tax filers and $225,000 for joint tax filers. The purchase pri
Thursday, November 12, 2009 - Written by Coldwell Banker DuFour Realty - 0 comments
CHICO, CA 11/12/09 – For many Americans, home ownership is a key step towards achieving the American Dream. It may seem like a challenging time to enter the market; however, recently passed legislation that extends and expands the home buyer tax credit can give potential and existing homeowners just the economic break they are looking for.
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