Welcome to our Weekly Real Estate Newsletter!
Greetings!
Spring is in the air! Kids are back at school! Getting back into a "normal" routine again!
In Spring we typically see an uptick in real estate activity. The weather is nicer, the days are longer and anyone with kids wants to move before the new school year starts.
This Spring is no different. A number of buyers are scrambling to open up escrow prior to April 30th to collect on the $8000.00 federal tax credit, and if you close after May 1st, you're eligible for an additional $10,000.00 state tax credit! $18,000 TOTAL!
Sellers are getting into the action as well. We've got a record number of listings, and so far this year (knock on wood) we've been able to open escrow within a couple of weeks of listing each home! We've made videos of some of our active and upcoming listings for you to VIEW HERE!.
Spring also means beach volleyball! We've got our twice yearly "Closet Series" tourney coming up May 1st on Mariner's Point. If you didn't get the evite and want to play, drop me a note and we'll get you added!
I'll be working tomorrow if you need anything!
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Just an example.... 
What's the cost of an interest rate hike? Interest rates jumped about 3/8% over the last week or so. What does that mean to you? A good RULE OF THUMB is that for every 1% increase, your purchase power is reduced by 10%. So if you were qualified for a $500k mortgage at 5%, you would only be qualified for $450k at 6% interest rate!
What does the chicken have to do with this? Absolutely nothing! |