Fast Facts

Fast Facts

Calif. median home price: January 2011: $278,900 (Source: C.A.R.)

Calif. highest median home price by region/county January 2011: Marin $657,890 (Source: C.A.R.)

Calif. lowest median home price by region/county January 2011: Merced $100,620 (Source: C.A.R.)

Calif. First-time Buyer Affordability Index - Fourth quarter 2010: 69 percent (Source: C.A.R.)

Mortgage rates: Week ending 2/10/2011 30-yr. fixed: 5.05 Fees/points: 0.7% 15-yr. fixed: 4.29% Fees/points: 0.7% 1-yr. adjustable: 3.35% Fees/points: 0.6% (Source: Freddie Mac)

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Buying A Home Cheaper In Nearly Three Quarters Of Big U.S. Cities

Buying A Home Is Cheaper In Nearly Three Quarters Of Big U.S. Cities -- According to Trulia

Click here to read the full story.

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Clarification on Healthcare Sales Tax on Real Estate

There is a lot of misinformation that has been circulating on the Internet and in e-mails that the healthcare reform bill passed last year includes a sales tax on real estate. This is false information, and I’d like to clarify the issue. The new law imposes a 3.8 percent tax for households in the top tax brackets on “unearned income.” This includes capital gains. However, this will not impact the exclusion on capital gains earned from the sale of a primary residence up to $250,000 for individuals and up to $500,000 for married couples. The 3.8 percent tax only applies to capital gains above the normal exclusion. A typical home sale will not incur any tax, and for the vast majority, the 3.8 percent tax won’t apply.

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Five steps to first-time buyer happiness

Five steps to first-time buyer happiness

The first step in the home-buying process is to find out what you can afford to pay for a house, condo, or co-op.

Click here to read the full Mercury News story

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Open House

We are holding Open House
Saturday February 12
1pm to 4pm

2630 Josie
(E/Palo Verde & N/Studebaker)

2 BR / 1 BA / $399,950



Please stop by and say hi!

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Open House!

We are holding Open House
Saturday February 5
1pm to 4pm

3753 Iroquois
(E/Palo Verde & N/Wardlow)

Please stop by and say hi!

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Dog Park

Are you interested in a Dog Park at El Dorado Regional Park?

Support the project to help Long Beach create and maintain an off-leash dog park.

Sign up at: eldoradodogparkupdate@verizon.net

Or visit them on Facebook.

Or call Jane at 562-212-8396

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