StynesGroup Real Estate Solutions
Your Source For Silicon Valley CA Real Estate
Silicon Valley Mortgage Update 06-26-2011 We’ve all seen the headlines; across the country home values are down. Fortunately, we’re not interested in homes in Las Vegas and Detroit. They have little impact or bearing on our situation here in Silicon Valley, except one: the average buyer’s psychology and “feeling” about the market. Let’s face it; if everything you read, saw, and … [Read more...]
This is a question I recently received... Tom, my wife and I would like to purchase a home in the Bay Area. I am most interested in CalHFA programs, however I have some questions. Is it true that you cannot sell the house for a profit if you have a CalHFA loan? Would this be a poor investment? Response It appears you might have received some bad information about CalHFA loans. The California … [Read more...]
On February 17, 2009, President Obama signed the “American Recovery and Reinvestment Act of 2009.” The stimulus package is full of provisions designed to increase America’s spending and within the bill is an $8,000 tax credit for first-time homebuyers. Unlike the tax credit that congress passed last year, the 2009 credit does not need to be repaid. However, the new credit does … [Read more...]
Tom Stynes,
Broker, CA,
CA DRE # 01329098