Noah Grassi

noahgrassi@remax.net
www.realestatenoah.com

In This Issue:

July 2010

Market Update
Deals of the Month
4 Discount Money Savers!
Monthly Trivia- Free iPhone 4
World Cup Winner
YouTube Clip of The Month- Samba Dancing Baby
Calendar of Events
SD Housing Prices
Past Newsletters

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San Diego Market Report- Detached Homes

Median Sales Price:
May 2010
% Change

Central San Diego
$380,500
+12.74%

East County
$319,500
+7.12%

North County [...]

California Tax Credit…A limited pot of gold!

With the Federal Tax Credit of $8k expired and no signs of a new one, California buyers have one last chance to cash in on a buying bonus. The $10,000 being offered by California for first time buyers is capped at $100 million. Repeat buyers and first time buyers of new homes also [...]

California Tax Credit- $10,000!!!

California has a new tax credit starting on May 1st 2010. Below are some details. Keep in mind there is $100 million allocated to each credit…it is a first come, first serve system and last year’s tax credit for new homes ran out 8 months sooner than the expiration of the credit. [...]

New California Tax Credit…Double dipping?

It looks like the governor is about to sign a California tax credit that applies to both first time home buyers on re-sale homes and any type of occupying buyer on a newly constructed home. The $10,000 credit starts for any closings on May 1st through the end of the year. The $10k [...]

50% of California Homes Sales are REO’s or Short Sales

Click here- stats are out for 2009 and it was a big year for distressed properties- short sales and REO’s aka bank owned homes. 50% of all transactions were from these two types of sales- that’s up from 38% in 2008.
For San Diego, it is very area specific…any community built between 2002-2006 usually has [...]

FHA Changes

If you are thinking about a FHA loan to purchase your next home, contact me asap…there are some changes you should know about.

Tax Credit Extended- not just for 1st time buyers anymore

As a Realtor, I can say first hand that the low interest rates and tax incentives have had a dramatic impact on activity. With regards to buyer tax incentives, all you procrastinators have been given a 2nd chance to get in the market. Below are a few highlights of the recent extension of the tax [...]