First-time Buyers - Tax Credit time is running out!

Time is running out to take advantage of the wonderful tax credit that the Federal Government is giving first-time buyers or anyone who has rented in the past 3 years. The offer is good only for escrows that close by Nov. 30, 2009. In addition, if you live in California, you can get $10,000 if you buy new construction. So, a first-time buyer could get up to $18,000 just to buy a home! Both of the tax credits are refundable and don't need to be paid back as long as you maintain it as your personal residence for a period of time.

Don't delay if you plan ontaking advantage of this. I'm finding that it's taking longer to find homes for my clients and to get them closed. If you procrastinate and wait until the fall to begin your search, you will propbably miss out. Start today! For more info check this out: http://www.realtor.org/rmodaily.nsf/0/5b758ea61d3363ca862574dd0050a146?OpenDocument

Sellers wanted!

I'm frustrated! I have many buyers in the $700K and less price range in many areas of San Diego and there is a dwindling supply of inventory for me to show them. I'm lucky if I have enough to choose from to even make it worth my client's time. Prices have been firming up at the lower levels ie. $500K and less and due to the lack of inventory are beginning to rise. It's Economics 101 - Supply vs. Demand.