2 Bedroom
2 Bath
Mid-Rise Condo in Avenue One
1,037 sqft
Eastern facing view of greenbelt!
Please call or email to discuss further or schedule an appointment to see.
Premier Residential and Commercial Real Estate Services
Thursday, May 13, 2010
Rates at Lowest Level this Year
McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.93 percent with an average 0.7 point for the week ending May 13, 2010, down from last week when it averaged 5.00 percent. Last year at this time, the 30-year FRM averaged 4.86 percent. The 30-year FRM has not been lower since the week ending December 10, 2009, when it averaged 4.81 percent.
The 15-year FRM this week averaged 4.30 percent with an average 0.6 point, down from last week when it averaged 4.36 percent. A year ago at this time, the 15-year FRM averaged 4.52 percent. The 15-year FRM has not been lower since the week ending December 3, 2009 when it averaged 4.27 percent.
Full Article:
C.A.R. Fast Market Facts
CA Median Home Price Quick Facts:
. Existing, single-family home sales increased 2.5 percent in March to a seasonally adjusted rate of
516,590 units on an annualized basis compared with March 2009.
. The statewide median price of an existing single-family home increased 20.8 percent in March to
$301,790, compared with March 2009.
. C.A.R.’s Unsold Inventory Index fell to 5 months in March, compared with 5.6 months in March 2009.
. C.A.R. First-time Buyer Housing Affordability Index stood at 64 percent in the fourth quarter of 2009
compared with 61 percent (revised) in the fourth quarter of 2008
. The median price of an entry-level home in California was $257,940 in the fourth quarter of 2009
. The estimated monthly payment including taxes and insurance was $1,470 in the fourth quarter of
2009
. The minimum household income needed to purchase an entry-level home in California in the fourth
quarter of 2009 was $44,100.
. Existing, single-family home sales increased 2.5 percent in March to a seasonally adjusted rate of
516,590 units on an annualized basis compared with March 2009.
. The statewide median price of an existing single-family home increased 20.8 percent in March to
$301,790, compared with March 2009.
. C.A.R.’s Unsold Inventory Index fell to 5 months in March, compared with 5.6 months in March 2009.
2009 4th Quarter Affordability Quick Facts:
. C.A.R. First-time Buyer Housing Affordability Index stood at 64 percent in the fourth quarter of 2009
compared with 61 percent (revised) in the fourth quarter of 2008
. The median price of an entry-level home in California was $257,940 in the fourth quarter of 2009
. The estimated monthly payment including taxes and insurance was $1,470 in the fourth quarter of
2009
. The minimum household income needed to purchase an entry-level home in California in the fourth
quarter of 2009 was $44,100.
Source: CALIFORNIA ASSOCIATION OF REALTORS®
Monday, May 10, 2010
Transfer Disclosure Statement to be Amended
Starting January 1, 2011, the Real Estate Transfer Disclosure Statement (TDS) will be amended to streamline the disclosure of home safety devices. First, the TDS will include a new disclosure of whether the seller has a carbon monoxide detector. This disclosure addresses a new law requiring California homeowners to install or plug in a carbon monoxide device in an existing single-family residence by July 1, 2011 (next year), and other existing dwelling units by January 1, 2013. The new TDS will specifically state that installation of a carbon monoxide detector, among other appliances and devices, is not a precondition of sale or transfer of the dwelling.
Second, the TDS will be amended to incorporate a seller's certification that, by close of escrow, the seller will be in compliance with existing requirements for smoke detector and water heater bracing. Effective January 1, 2011, the new TDS will eliminate the need for a separate standard form Water Heater and Smoke Detector Statement of Compliance (C.A.R. Form WHSD) for applicable transactions.
The new requirement to install or plug in a carbon monoxide detector will apply to dwelling units with a fossil fuel burning heater or appliance, fireplace, or attached garage. "Fossil fuel" means fuel gases, wood, oil, coal, kerosene, or other petroleum or hydrocarbon products that emit carbon monoxide as a combustion byproduct. Special rules apply to residential landlords.
C.A.R. will update our standard form TDS in the November 2010 forms release to reflect these changes, and provide members with more information about this law as the effective date draws nearer. The full text of this law, Senate Bill 183 (Lowenthal), is available atwww.leginfo.ca.gov.
Friday, May 7, 2010
Thursday, May 6, 2010
Mortgage Rates at Lowest Level in Six Weeks
May 6, 2010
McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.00 percent with an average 0.7 point for the week ending May 6, 2010, down from last week when it averaged 5.06 percent. Last year at this time, the 30-year FRM averaged 4.84 percent.
Click for full article: http://www.freddiemac.com/pmms/release.html?week=18&year=2010&display=release
© 2010 Freddie Mac
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