Monday, January 04, 2010

City of Canoga Park Available Bank Owned Homes, Condos and Townhomes as of 01/04/2010

Residential


MLS            Type            Address                              City  Zip  Bd B SqFt Yr Blt Price     DOM

1 S600032  CONDO A 8601 International Ave 118 CP  91304  2 2 900 1971 $106,000     5

2 F1828863  SFR A 8601 International Ave 258 CP 91304      3 2/1 1 0 1,078 1971 $129,800 12

3 CLW-10418481 CONDO 7605 JORDAN Ave 2 CP S 91304 530A4 / 2 2/ 1,025 1982 $164,900 4

4 F1820688 CONDO A 20127 Leadwell St 2 CP 91306  2 3 1,337 1976 $180,900 58

5 CLW-09415433  SFR D 7011 VARIEL Ave CP WS 91303  2 1/ 884 1953 $234,900 27

6 F1819709 SFR D 21025 Saticoy St CP WS 91304 1 4 3/2 1 0 1,644 1953 $265,000 118 *

7 F1828405 SFR D 22149 Leadwell St CP WS 91303 2 1138 1937 $299,900 21

8 F1827566 Q SFR D 22026 Wyandotte St CP WS 91303  4 21,636 1952 $314,000 30 *

9 F1824777  SFR D 8801 Topanga Canyon Blvd CP WS  4 3 2,106 1973 $444,900 65 *

Thursday, December 31, 2009

Have a Prosperous 2010 You and All Your Family



                                                                                                        

Wednesday, December 30, 2009

Alberto Pacheco is Still Blogging From Mazatlan Mexico

THIS IS MAZATLAN'S LIGHT HOUSE


      

City of Brentwood California Home Sales Statistics For November 2009

New Listings: 0

Average Listing Price: $ 0

Listings Under Contract: 0

Average Listing Price: $ 0

Sold Listigs: 1

Average Listing Price: $ 322,000

% Sales Price Versus Listing Price: 102.22 %

% Sales Price Versus Old Listing Price: 92.03 %

Average Days on The Market: 177


http://www.sfvalleyhotproperties.com/ Brentwood Real Estate, Brentwood Foreclosures, Brentwood Probates, Brentwood Homes For Sale, Breentwood Short Sales, Maps, Calculators

City of Brentwood California Home Sales Statistics For October 2009

New Listings: 5

Average Listing Price: $ 1,559,980

Listings Under Contract: 2

Average Listing Price: $ 879,950

Sold Listigs: 1

Average Listing Price: $ 526,000

% Sales Price Versus Listing Price: 96.51 %

% Sales Price Versus Old Listing Price: 89.30 %

Average Days on The Market:  56


http://www.sfvalleyhotproperties.com/ Brentwood Real Estate, Brentwood Foreclosures, Brentwood Probates, Brentwood Homes For Sale, Breentwood Short Sales, Maps, Calculators

City of Brentwood California Home Sales Statistics For September 2009

New Listings: 2

Average Listing Price: $ 1,647,463

Listings Under Contract: 0

Average Listing Price: $ 0

Sold Listigs: 3

Average Listing Price: $ 1,683,333

% Sales Price Versus Listing Price: 90.50 %

% Sales Price Versus Old Listing Price: 83.87 %

Average Days on The Market: 43

http://www.sfvalleyhotproperties.com/ Brentwood Real Estate, Brentwood Foreclosures, Brentwood Probates, Brentwood Homes For Sale, Breentwood Short Sales, Maps, Calculators


City of Brentwood California Home Sales Statistics For August 2009

New Listings: 6

Average Listing Price: $ 698,825

Listings Under Contract: 2

Average Listing Price: $ 2,489,925

Sold Listigs: 1

Average Listing Price: $ 1,100,000

% Sales Price Versus Listing Price: 84.68 %

% Sales Price Versus Old Listing Price: 84.68 %

Average Days on The Market: 28

http://www.sfvalleyhotproperties.com/  Brentwood Real Estate, Brentwood Foreclosures, Brentwood Probates, Brentwood Homes For Sale, BreentwoodArleta Short Sales, Maps, Calculators, Alberto Pacheco

I am still having fun in Mazatlan - 12-30-09

STONE ISLAND SEA LIONS AT MAZATLAN BAY



Saturday, December 26, 2009

I am Here in Mazatlan Blogging on 12-26-09 Cliff Diver Picture

Here is one of the Mazatlan Faces, hope you liked and will eventually come and enjoy this city, is fun, safe and relaxing as well as exiting. You have, beaches, shopping, golf, skiing, so on and so forth..



Tuesday, December 22, 2009

My Best Wishes on This Christmas To You All



City of Arleta California Home Sales Statistics For November 2009

New Listings: 34

Average Listing Price: $ 229.900

Listings Under Contract: 24

Average Listing Price: $ 251,272

Sold Listigs: 33

Average Listing Price: $ 250,184

% Sales Price Versus Listing Price: 102.48 %

% Sales Price Versus Old Listing Price: 99.54 %

Average Days on The Market: 56

http://www.sfvalleyhotproperties.com/ Arleta Real Estate, Arleta Foreclosures, Arlete Probates, Arleta Homes For Sale, Arleta Short Sales, Maps, Calculators, Alberto Pacheco

City of Arleta California Home Sales Statistics For October 2009

New Listings: 34

Average Listing Price: $ 267,670

Listings Under Contract: 25

Average Listing Price: $ 247,763

Sold Listigs: 25

Average Listing Price: $ 244,516

% Sales Price Versus Listing Price: 102.71 %

% Sales Price Versus Old Listing Price: 93.39 %

Average Days on The Market: 79



http://www.sfvalleyhotproperties.com Arleta Real Estate, Arleta Foreclosures, Arlete Probates, Arleta Homes For Sale, Arleta Short Sales, Maps, Calculators, Alberto Pacheco

City of Arleta California Home Sales Statistics For September 2009

New Listings: 45

Average Listing Price: $ 244,111

Listings Under Contract: 25

Average Listing Price: $ 252,886

Sold Listigs: 43

Average Listing Price: $ 253,769

% Sales Price Versus Listing Price: 105.06 %

% Sales Price Versus Old Listing Price: 98.26 %

Average Days on The Market: 59


http://www.sfvalleyhotproperties.com Arleta Real Estate, Arleta Foreclosures, Arlete Probates, Arleta Homes For Sale, Arleta Short Sales, Maps, Calculators, Alberto Pacheco

City of Arleta California Home Sales Statistics For August 2009

New Listings: 45

Average Listing Price: $ 244,111

Listings Under Contract: 25

Average Listing Price: $ 252,886

Sold Listigs: 43

Average Listing Price: $ 253,769

% Sales Price Versus Listing Price: 105.06 %

% Sales Price Versus Old Listing Price: 98.26 %

Average Days on The Market: 59


http://www.sfvalleyhotproperties.com Arleta Real Estate, Arleta Foreclosures, Arlete Probates, Arleta Homes For Sale, Arleta Short Sales, Maps, Calculators, Alberto Pacheco

City of Arleta California Home Sales Statistics For July 2009

New Listings: 32


Average Listing Price: $ 265.007

Listings Under Contract: 23

Average Listing Price: $ 263,756

Sold Listigs: 36

Average Listing Price: $ 226,377

% Sales Price Versus Listing Price: 104.94 %

% Sales Price Versus Old Listing Price: 95.65 %

Average Days on The Market: 56


http://www.sfvalleyhotproperties.com/      Arleta Real Estate, Arleta Foreclosures, Arlete Probates, Arleta Homes For Sale, Arleta Short Sales, Maps, Calculators, Alberto Pacheco

Tuesday, December 15, 2009

City of Alhambra Home Sales Statistics For November 2009

New Listings: 47

Average Listing Price: $ 468,385

Listings Under Contract: 28

Average Listing Price: $ 415,299

Sold Listigs: 31

Average Listing Price: $ 463,437

% Sales Price Versus Listing Price: 99.69 %

%Sales Price Versus Old Listing Price: 99.20 %

Average Days on The Market: 43



http://www.sfvalleyhotproperties.com/ Alhambra Foreclosures, Alhambra Bank Owned Homes, Alhambra Probates, Alhambra Short Sales, Alhambra Schools, Calculators, Maps

City of Alhambra California Home Sales Statistics For November 2009

New Listings: 53


Average Listing Price: $ 440,755

Listings Under Contract: 29

Average Listing Price: $ 457,699

Sold Listigs: 31

Average Listing Price: $ 499,145

% Sales Price Versus Listing Price: 98.07 %

%Sales Price Versus Old Listing Price: 98.90 %

Average Days on The Market: 42


http://www.sfvalleyhotproperties.com/ Alhambra Foreclosures, Alhambra Bank Owned Homes, Alhambra Probates, Alhambra Short Sales, Alhambra Schools, Calculators, Maps

City of Alhambra California Home Sales Statistics For October 2009

New Listings: 47

Average Listing Price: $ 468,385

Listings Under Contract: 28

Average Listing Price: $ 415,299

Sold Listigs: 31

Average Listing Price: $ 463,437

% Sales Price Versus Listing Price: 99.69 %

%Sales Price Versus Old Listing Price: 99.20 %

Average Days on The Market: 43


http://www.sfvalleyhotproperties.com/ Alhambra Foreclosures, Alhambra Bank Owned Homes, Alhambra Probates, Alhambra Short Sales, Alhambra Schools, Calculators, Maps

City of Alhambra Home Sales Statistics For October 2009

New Listings: 59


Average Listing Price: $ 451,083

Listings Under Contract: 18

Average Listing Price: $ 425,080

Sold Listigs: 30

Average Listing Price: $ 509,673

% Sales Price Versus Listing Price: 97.10 %

%Sales Price Versus Old Listing Price: 74.54 %

Average Days on The Market: 58




http://www.sfvalleyhotproperties.com/ Alhambra Foreclosures, Alhambra Bank Owned Homes, Alhambra Probates, Alhambra Short Sales, Alhambra Schools, Calculators, Maps

City of Alhambra California Home Sales Statistics For September 2009

New Listings: 53

Average Listing Price: $ 440,755

Listings Under Contract: 29

Average Listing Price: $ 457,699

Sold Listigs: 31

Average Listing Price: $ 499,145

% Sales Price Versus Listing Price: 98.07 %

%Sales Price Versus Old Listing Price: 98.90 %

Average Days on The Market: 42



http://www.sfvalleyhotproperties.com/ Alhambra Foreclosures, Alhambra Bank Owned Homes, Alhambra Probates, Alhambra Short Sales, Alhambra Schools, Calculators, Maps

City of Alhambra Home Sales Statistics For August 2009

New Listings: 59

Average Listing Price: $ 451,083

Listings Under Contract: 18

Average Listing Price: $ 425,080

Sold Listigs: 30

Average Listing Price: $ 509,673

% Sales Price Versus Listing Price: 97.10 %

% Sales Price Versus Old Listing Price: 74.54 %

Average Days on The Market: 58



http://www.sfvalleyhotproperties.com/ Alhambra Foreclosures, Alhambra Bank Owned Homes, Alhambra Probates, Alhambra Short Sales, Alhambra Schools, Calculators, Maps

Saturday, November 28, 2009

City of Alhambra Home Sales Statistics For July 2009

New Listings: 74

Average Listing Price: $ 485,949

Listings Under Contract: 11

Average Listing Price: $ 414,600

Sold Listigs: 32

Average Listing Price: $ 407,091

% Sales Price Versus Listing Price: 99.33 %

% Sales Price Versus Old Listing Price: 96.67 %

Average Days on The Market: 53


http://www.sfvalleyhotproperties.com/  Alhambra Foreclosures, Alhambra Bank Owned Homes, Alhambra Probates, Alhambra Short Sales, Alhambra Schools, Calculators, Maps

Monday, November 16, 2009

City of West Hollywood Home Sales Statistics For June 2009

New Listings: 70


Average Listing Price: $ 767,101

Listings Under Contract: 4

Average Listing Price: $ 673,500

Sold Listigs: 29

Average Listing Price: $ 586,955

% Sales Price Versus Listing Price: 95.60 %

% Sales Price Versus Old Listing Price: 89.26 %

Average Days on The Market: 36



http://www.sfvalleyhotproperties.com/

City of West Hollwyood California Home Sales Statistics For May 2009

New Listings: 69


Average Listing Price: $ 887,620

Listings Under Contract: 6

Average Listing Price: $ 385,066

Sold Listigs: 28

Average Listing Price: $ 522,017

% Sales Price Versus Listing Price: 95.40 %

% Sales Price Versus Old Listing Price: 86.89 %

Average Days on The Market: 18

http://www.sfvalleyhotproperties.com

West Hollywood California Home Sales Statistics For Apirl 2009

New Listings: 76


Average Listing Price: $ 853,023

Listings Under Contract: 0

Average Listing Price: $ 0

Sold Listigs: 15

Average Listing Price: $ 509,766

% Sales Price Versus Listing Price: 96.33 %

% Sales Price Versus Old Listing Price: 86.81 %

Average Days on The Market: 56

http://www.sfvalleyhotproperties.com/ 

Tuesday, October 27, 2009

City of Toluca Lake California Home Sales Statistics For June 2009

New Listings: 16

Average Listing Price: $ 1,454,529

Listings Under Contract: 2

Average Listing Price: $ 334,000

Sold Listigs: 11

Average Listing Price: $ 469,072

% Sales Price Versus Listing Price: 98.25 %

% Sales Price Versus Old Listing Price: 96.51%

Average Days on The Market: 65

City of Toluca Lake California Home Sales Statistics For May 2009

New Listings: 22

Average Listing Price: $ 1,166,939

Listings Under Contract: 1

Average Listing Price: $ 310,000

Sold Listigs: 10

Average Listing Price: $ 837,200

% Sales Price Versus Listing Price: 95.85 %

% Sales Price Versus Old Listing Price: 97.60

%Average Days on The Market: 37

City of Toluca Lake California Home Sales Statistics For April 2009

New Listings: 18

Average Listing Price: $ 1,360,133

Listings Under Contract: 2

Average Listing Price: $ 2,297,000

Sold Listigs: 14

Average Listing Price: $ 1,064,714

% Sales Price Versus Listing Price: 88.14 %

% Sales Price Versus Old Listing Price: 83.91 %

Average Days on The Market: 51

Tuesday, October 13, 2009

City of Sylmar California Home Sales Statistics For June 2009

New Listings: 122

Average Listing Price: $ 258,707

Listings Under Contract: 37

Average Listing Price: $ 263,213

Sold Listigs: 90

Average Listing Price: $ 276,751

% Sales Price Versus Listing Price: 102.80 %

% Sales Price Versus Old Listing Price: 96.03 %

Average Days on The Market: 68

City of Sylmar California Home Sales Statistics For May 2009

New Listings: 120

Average Listing Price: $ 262,694

Listings Under Contract: 24

Average Listing Price: $ 290,659

Sold Listigs: 112

Average Listing Price: $ 273,909

% Sales Price Versus Listing Price: 100.50 %

% Sales Price Versus Old Listing Price: 91.32 %

Average Days on The Market: 61

City of Sylmar Calfornia Home Sales Statistics For April 2009

New Listings: 120

Average Listing Price: $ 297,348

Listings Under Contract: 7

Average Listing Price: $ 266,028

Sold Listigs: 88

Average Listing Price: $ 258,682

% Sales Price Versus Listing Price: 100.31 %

% Sales Price Versus Old Listing Price: 91.55 %

Average Days on The Market: 65

Friday, August 28, 2009

Palos Verdes California - Fire Approched Residendial Areas Areas - Los Angeles C



The Palos Verdes fire is 35% contained and will be fully controled in the next few days, no homes were destroyed and only 6 homes suffer minor damaged, it went out of control after 8:30pm yesterday evening 082709. It already burned 100 acres.

Palos verdes is a ritzy area and site of million dollar homes, it is part of Los Angeles County.

Tuesday, August 11, 2009

Mortgage Interest Rates as of 08/10/2009

Loans up to $417,000 Rate APR
30 Year Fixed 4.625% 5.011%
15 Year Fixed 4.125% 4.770%

Loans up to $1,000,000 Rate APR

5 Year ARM 8.875% 6.245%

5 Year Interest Only ARM 9.000 6.289

FHA Rates Rate APR
30 Year Fixed 5.000% 5.497%
15 Year Fixed 4.250% 4.915%

Los Angeles County Real Estate Home Sales Statistics 2008/2009

Sales Statistics For LOS ANGELES County CA
Realist's most recent recording date for this county is 08/05/2009
Single Family Residence
Time Period Number of Sales Median Sale Price
Jun 2009 5,179 $340,000
Jun 2008 3,844 $427,500
May 2009 4,183 $325,000
May 2008 3,678 $435,000

2009 YTD 27,145 $325,000
2008 43,633 $405,000

Condominium
Time Period Number of Sales Median Sale Price
Jun 2009 1,698 $355,000
Jun 2008 1,327 $400,000
May 2009 1,302 $320,000
May 2008 1,276 $395,000

2009 YTD 8,242 $330,000
2008 14,757 $385,000

Thursday, July 30, 2009

Foreclosure Filings For The 1st Half of 2009

According to Realty Trac 1,905,723 foreclosure filings, notices of default, auction sale and bank repossession were reported on 1,528,364 homes in the U.S. A 9% increased from the previous 6 months and almost 15% increase for the First six months of 2008.

Solely in the month of June 336,173 U.S. homes had a foreclosure filing on them, even with the moratorium set by the government last year along with local, state and national lesgislative action, there is an increase of loan modifications, This week the Federal Reserve Board had a meeting with all the major lenders, asking them to increase the volume from the actual 200,000 to 500,000 modification this year alone.

In California 391,611 properties received a foreclosures filing in the first half of 2009. A total of 2.94% of the state's housing units (one in 34), making California the fourth highest state foreclosure rate. The increased on this first half was nearly 14% from the previous six months and 15% increase from first half of 2008

Monday, July 27, 2009

City of Pacoima California Home Sales Statistics For June 2009

New Listings: 35

Average Listing Price: $ 211,122

Listings Under Contract: 27

Average Listing Price: $ 186,065

Sold Listigs: 37

Average Listing Price: $ 187,818

% Sales Price Versus Listing Price: 103.44 %

% Sales Price Versus Old Listing Price: 95.47 %

Average Days on The Market: 68

City of Pacoima California Home Sales Statistics For May 2009

New Listings: 53

Average Listing Price: $ 192,093

Listings Under Contract: 31

Average Listing Price: $ 197,484

Sold Listigs: 39

Average Listing Price: $ 176,976

% Sales Price Versus Listing Price: 100.98 %

% Sales Price Versus Old Listing Price: 89.92 %

Average Days on The Market: 74

Friday, July 24, 2009

City of Pacoima California Home Sales Statistics For April 2009

New Listings: 56

Average Listing Price: $ 205,927

Listings Under Contract: 26

Average Listing Price: $ 194,519

Sold Listigs: 34

Average Listing Price: $ 191,767

% Sales Price Versus Listing Price: 103,79 %

% Sales Price Versus Old Listing Price: 93.20 %

Average Days on The Market: 48

City of Northridge California Home Sales Statistics for May 2009

New Listings: 92

Average Listing Price: $ 511,056

Listings Under Contract: 60

Average Listing Price: $ 531,554

Sold Listigs: 67

Average Listing Price: $ 485,466

% Sales Price Versus Listing Price: 99.48 %

% Sales Price Versus Old Listing Price: 94.25 %

Average Days on The Market: 56

City of Northridge California Home Sales Statistics For April 2009

New Listings: 102

Average Listing Price: $ 529,379

Listings Under Contract: 58

Average Listing Price: $ 442,391

Sold Listigs: 60

Average Listing Price: $ 451,090

% Sales Price Versus Listing Price: 97.86 %

% Sales Price Versus Old Listing Price: 93.17 %

Average Days on The Market: 62

How The Federal Reserve Board Affect Mortgage Interest Rates

The Federal Reserve Borard left interest rate unchanged at almost zero as it indicated that the economy contraction is slowing down. Financial market condition is improving in the last few months.

Mortgage Interest rate went up last week up to 5.81 due to the concerns on inflation and goverment spending, and the reason was that, 10 year treasury note went up. As of today 07/24/09 the rates are as follow:

30 year fixed 5.39%
15 year fixed 4.81%
The 10 year treasure note 3.67%

There is a rumor that the Fed may increase the interest rate by the end of 2009.

Wednesday, July 22, 2009

Hispanic Population in California According to the US Census Bureau 2000

Hispanic Population in Los Angeles County: 4,242,2132

Total Population of 18 years or over in Los Angeles County: 2,707,234

http://www.sfvalleyhotproperties.com

Tuesday, July 21, 2009

Granada Hills Population and Housing Units

According to the U.S. Census of 2002 is as follow:

Granada Hills Zip Code 91344

Population: 48,863

Housing Units: 16695

Total Area in Square Miles: 15.53

Water Area: 0.65 Land Area: 14.88

Density per Square mile of Land Area

Population: 3,284.5 Housing Units: 1,122.2

Saturday, July 18, 2009

City of Newhall Home Sales Statistics For June 2009

New Listings: 43

Average Listing Price: $ 344,409

Listings Under Contract: 16

Average Listing Price: $ 326,159

Sold Listigs: 25

Average Listing Price: $ 303,187

% Sales Price Versus Listing Price: 99.15 %

% Sales Price Versus Old Listing Price: 92.00 %

Average Days on The Market: 95

City of Newhall California Home Sales Statistics For May 2009

New Listings: 38

Average Listing Price: $ 396,914

Listings Under Contract: 17

Average Listing Price: $ 340,753

Sold Listigs: 29

Average Listing Price: $ 309,331

% Sales Price Versus Listing Price: 98.38 %

% Sales Price Versus Old Listing Price: 92.56 %

Average Days on The Market: 67

City of Newhall California Home Sales Statistics For April 2009

New Listings: 28

Average Listing Price: $ 477,733

Listings Under Contract: 29

Average Listing Price: $ 283,660

Sold Listigs: 24

Average Listing Price: $ 320,808

% Sales Price Versus Listing Price: 97.55 %

% Sales Price Versus Old Listing Price: 86.02 %

Average Days on The Market: 90

Thursday, July 16, 2009

City of Montebello California Home Sales Statistics For June 2009

New Listings: 6

Average Listing Price: $ 386,200

Listings Under Contract: 4

Average Listing Price: $ 326,000

Sold Listigs: 5

Average Listing Price: $ 347,180

% Sales Price Versus Listing Price: 97.98 %

% Sales Price Versus Old Listing Price: 91.14 %

Average Days on The Market: 108

City of Montebello California Home Sales Statistics For May 2009

New Listings: 8

Average Listing Price: $ 402,831

Listings Under Contract: 4

Average Listing Price: $ 283,937

Sold Listigs: 2

Average Listing Price: $ 314,000

% Sales Price Versus Listing Price: 99.07 %

% Sales Price Versus Old Listing Price: 92.91 %

Average Days on The Market: 77

City of Montebello Home Sales Statistics For April 2009

New Listings: 6

Average Listing Price: $ 360,231

Listings Under Contract: 3

Average Listing Price: $ 313,933

Sold Listigs: 7

Average Listing Price: $ 244,757

% Sales Price Versus Listing Price: 94.24 %

% Sales Price Versus Old Listing Price: 90.74 %

Average Days on The Market: 45

Tuesday, June 30, 2009

City of Lancaster Home Sales Statistics For May 2009

New Listings: 64

Average Listing Price: $ 215,516

Listings Under Contract: 51

Average Listing Price: $ 125,009

Sold Listigs: 65

Average Listing Price: $ 120,946

% Sales Price Versus Listing Price: 96.39 %

% Sales Price Versus Old Listing Price: 87.26 %

Average Days on The Market: 89

City of Lancaster California Home Sales Statistics For April 2009

New Listings: 74

Average Listing Price: $ 165,087

Listings Under Contract: 60

Average Listing Price: $ 130,860

Sold Listigs: 86

Average Listing Price: $ 115,121

% Sales Price Versus Listing Price: 94.48 %

% Sales Price Versus Old Listing Price: 51.19 %

Average Days on The Market: 79



http://www.sfvalleyhotproperties.com Fha, Mls, Foreclosures, Schools, Real Estate

Monday, June 15, 2009

City of Glendale California Home Sales Statistics For May 2009

New Listings: 26

Average Listing Price: $ 499,347

Listings Under Contract: 12

Average Listing Price: $ 618,083

Sold Listigs: 17

Average Listing Price: $ 492,705

% Sales Price Versus Listing Price: 94.06 %

% Sales Price Versus Old Listing Price: 85.07 %

Average Days on The Market: 80

City of Glendale California Home Sales Statistics For April 2009

New Listings: 21

Average Listing Price: $ 601,639

Listings Under Contract: 16

Average Listing Price: $ 488,222

Sold Listigs: 8

Average Listing Price: $ 557,312

% Sales Price Versus Listing Price: 94.06 %

% Sales Price Versus Old Listing Price: 85.07 %

Average Days on The Market: 100

City of Glendale California Home Sales Statistics For March 2009

New Listings: 25

Average Listing Price: $ 510,318

Listings Under Contract: 11

Average Listing Price: $ 471,435

Sold Listigs: 13

Average Listing Price: $ 509,453

% Sales Price Versus Listing Price: 95.91 %

% Sales Price Versus Old Listing Price: 93.21 %

Average Days on The Market: 35

Monday, June 01, 2009

City of Arleta California Homes Sold March 2009

Status Type Property Address...........City...Bd..B..sqft...Price....DOM
1 Sold CONDO 14333 Van Nuys Blvd 2 ARL 3 1 1,305 $155,000 5
2 Sold CONDO 14333 Van Nuys Blvd 35 ARL 3 2 1,305 160,000 32
3 Sold CONDO 10137 Arleta Ave 2 ARL 3 2 1,301 $165,000 34
4 Sold SFR 13922 Jouett St ARL 2 1 1,104 $175,000 4
5 Sold CONDO 10137 Arleta Ave 4 ARL 3 2 1,270 $173,000 74
6 Sold SFR 13700 Kagel Canyon St ARL 2 1 1,268 $168,000 37
7 Sold SFR 9433 Canterbury Ave ARL 2 2 1,119 $235,000 8
8 Sold SFR 12918 Tonopah St ARL 2 2 1,189 $260,000 6
9 Sold SFR 13449 RELIANCE St ARL 2 1 889 $200,000 6
10 Sold SFR 9554 Cranford Ave ARL 3 2 1,146 $220,000 26
11 CLW-08335439 S 1 H T Q SFR D 13844 TERRA BELLA St ARL EN 91331 502B5 OTHR/ 3 2/ 1,275 1953 $219,000 57 *
12 F1795360 S 5 H T Q SFR D 14212 Pierce St ARL EN 91331 502A5 OTHR/0 3 2/1 1 2 A 1,262 1953 $235,000 12
13 F1786212 S 9 H T Q SFR D 9957 Vena Ave ARL EN 91331 502C4 OTHR/0 3 2/1 1 0 886 1950 $240,000 19
14 F1793357 S 4 H T Q SFR D 13018 Bracken St ARL EN 91331 502D6 OTHR/0 3 2/2 1 2 1,275 1954 $245,000 12
15 CLW-09339109 S 4 H T Q SFR D 13601 CORRENTI St ARL EN 91331 502C7 OTHR/ 3 2/ 1,236 1952 $285,000 7
16 F1785025 S 5 H T Q SFR D 13548 Mineola St ARL EN 91331 502C7 OTHR/0 3 2/2 1 2 A 1,420 1956 $260,000 56 *
17 CLW-08317279 S 6 H T Q SFR D 13548 MINEOLA St ARL EN 91331 502C7 OTHR/ 3 2/ A 1,420 1956 $260,000 55 *
18 F1791315 S 4 H T Q SFR D 14146 Claretta St ARL EN 91331 502A4 OTHR/0 4 2/1 1 0 1,399 1953 $270,000 11
19 F1786367 S 3 H T Q SFR D 13065 Ottoman St ARL EN 91331 502D6 OTHR/0 3 2/1 1 2 A 1,531 1953 $290,000 116
20 F1795753 S 1 H T Q SFR D 9136 Sandusky Ave ARL EN 91331 502C7 OTHR/0 3 2/1 1 2 D 1,311 1956 $260,000 40 *
21 F1793726 S 9 H T Q SFR D 9531 Amboy Ave ARL EN 91331 502E6 OTHR/0 3 1/1 1 0 1,243 1954 $265,000 9
22 F1788910 S 10 H T Q SFR D 9055 Varna Ave ARL EN 91331 502C7 OTHR/0 3 2/1 1 2 A 1,228 1952 $280,000 92 *
23 F1786058 S 7 H T Q SFR D 13406 Sunburst St ARL EN 91331 502C6 OTHR/0 4 2/2 1 2 1,389 1948 $270,000 43
24 F1771971 S 14 H T Q SFR D 13548 Correnti St ARL EN 91331 502C6 OTHR/0 3 2/2 1 1 A 1,575 1952 $280,000 219 *
25 F1794444 S 20 V H T Q SFR D 14153 Daventry St ARL EN 91331 502A3 OTHR/0 3 2/1 1 2 A 1,264 1956 $289,000 47 *
26 F1795288 S 5 H T Q SFR D 9255 Lev Ave ARL EN 91331 502D6 OTHR/0 3 2/2 1 2 D 1,721 1954 $300,000 17
27 F1781935 S 14 H T Q SFR D 8878 Roslyndale Ave ARL en 91331 502C7 OTHR/n 3 2/1 1 2 A 1,200 1953 $325,000 33
28 F1780015 S 18 H T Q SFR D 9566 Lev Ave ARL EN 91331 502C5 OTHR/1 4 3/2 1 2 D 2,053 1948 $360,000 103 *
29 CLW-08329291 S 12 H T Q SFR D 13566 MUSCATINE St ARL EN 91331 532C1 OTHR/ 4 2/ D 1,637 1951 $354,000 107 *
30 F1786031 S 10 H T Q SFR D 9350 Laurel Canyon Blvd 6 ARL EN 91331 502E6 OTHR/5 5 3/2 2 2 2,017 2008 $365,000 135 *
31 MRM-C08141913 S 3 H T Q CONDO A 10137 ARLETA Ave 3 ARL OA 91331 502B4 OTHR/ 3 3/3 2 1,270 1984 $175,000 147 *

Friday, May 29, 2009

Arleta California Homes Sold February 2009

# MLS No Status Address City Bd Bth Price

1 F1754793 Closed Sale 13961 Osborne 203 ARL 2 2 $102,000
2 F1789649 Closed Sale 10157 Arleta 6 ARL 2 2 $123,500
3 F1792900 Closed Sale 13667 Osborne ARL 3 2 $180,000
4 F1793290 Closed Sale 13627 Terra Bella ARL 4 2 $200,000
5 F1795550 Closed Sale 13302 Bonanza ARL 3 1 $150,000
6 F1791972 Closed Sale 13670 Remington ARL 2 2 $200,000
7 F1794232 Closed Sale 13561 GLAMIS ARL 2 1 $200,000
8 F1790271 Closed Sale 13090 Branford ARL 3 2 $250,000
9 F1793375 Closed Sale 13685 Remington ARL 3 2 $240,000
10 F1795262 Closed Sale 13824 Bromwich ARL 3 1 $245,000
11 C103451 Closed Sale 12983 Crowley ARL 3 2 $240,400
12 F1756273 Closed Sale 13612 Osborne ARL 3 2 $245,000
13 F1786188 Closed Sale 9352 Greenbush ARL 3 2 $240,000
14 S554477 Closed Sale 13549 Correnti ARL 3 2 $258,500
15 08332455 Closed Sale 9440 NAGLE ARL 3 2 $265,000
16 F1796218 Closed Sale 13304 DEBELL ARL 3 2 $245,000
17 F1783926 Closed Sale 9436 Woodman ARL 3 2 $270,500
18 F1766396 Closed Sale 13725 OSBORNE ARL 3 2 $259,000
19 F1795181 Closed Sale 12971 Crowley ARL 3 2 $290,000
20 F1790166 Closed Sale 9857 Gullo ARL 3 1 $277,000
21 F1786965 Closed Sale 13791 Osborne ARL 4 2 $283,000
22 F1762410 Closed Sale 13127 Branford ARL 3 2 $265,000
23 F1787485 Closed Sale 9713 Nagle ARL 3 2 $310,000
24 F1777431 Closed Sale 8981 Mercedes Ave ARL 3 2 $295,000
25 R809914 Closed Sale 13071 Ottoman ARL 3 2 $260,000
26 F1757804 Closed Sale 14081 Kagel Canyon ARL 3 2 $296,000
27 F1794012 Closed Sale 13550 Bracken ARL 3 3 $290,000
28 F1793369 Closed Sale 13170 Bracken ARL 3 2 $305,000
29 F1792115 Closed Sale 14142 Garber ARL 3 2 $330,000
30 F1791185 Closed Sale 9557 DORRINGTON ARL 4 2 $225,750
31 F1766060 Closed Sale 9951 Bordeaux ARL 3 2 $387,500

Monday, April 06, 2009

Arleta Homes Sold In January 2009

MLS # Address City Area Zip TGNO Bd B t/f Sty Gar SqFt Yr Blt Price DOM

1 F1787498 SFR 9780 Vena Ave ARL 91331 502C5 2 1 1 1 800 1948 $230,000 7
2 F1791148 SFR 9039 Lev Ave ARL 91331 502D7 3 2 1 2 1231 1953 $240,000 3
3 F1791580 SFR 13611 Wingo St ARL 91331 502C6 3 2 1 2 1492 1952 $245,000 7
4 F1786212 SFR 9957 Vena Ave ARL 91331 502C4 3 2 1 886 1950 $265,000 19
5 F1789534 SFR 9529 Cranford Ave ARL 91331 502D6 3 1 1 2 1146 1956 $254,800 13
6 F1791625 SFR 13519 Montague St ARL 91331 502C7 3 2 1 2 1420 1952 $240,000 4
7 F1791712 SFR 12879 Wingo St ARL EN 91331 502E5 4 2 1 2 1716 1970 $247,000 4
8 B2104455 SFR 13701 Kagel Canyon St ARL 502C6 4 2 1 2 1310 1955 $257,000 18
9 B2104531 SFR 13652 Ottoman St ARL 91331 532C1 3 1 2 1442 1951 $276,000 12
10 F1787087 SFR 14236 Gruen St ARL 91331 502A6 3 2 1 2 1219 1953 $260,000 18
11 F1792304 SFR 13206 REEDLEY St ARL 91331 532D1 3 2 1 2 1256 1954 $278,500 6
12 F1769558 SFR 9070 Varna Ave ARL 91331 502B7 4 2 1 2 1391 1952 $270,000 99 *
13 F1794433 SFR 8946 Bartee Ave ARL 91331 502E7 3 2 1 2 1264 1954 $270,000 11
14 F1786438 SFR 9772 Mercedes Ave ARL 91331 502B5 2 2 1 2 1,217 1952 $270,000 23
15 F1781676 SFR 9141 Canterbury Ave ARL 91331 502C7 3 2 1 2 1408 1952 $275,000 26
16 F1787253 SFR 13617 Correnti St ARL 91331 502C7 3 2 1 0 1536 1952 $289,900 20
17 F1788923 SFR 13739 Rayen St ARL EN 91331 502B7 3 2 1 2 1476 1952 $295,000 25
18 F1773794 SFR 8974 GREENBUSH Ave ARL 91331 502B7 3 2 1 2 1663 1952 $295,500 148
19 F1790838 SFR 14316 Pierce St ARL 91331 502A5 3 2 1 2 1573 1953 $324,000 2
20 F1787809 SFR 13566 MONTAGUE ARL 91331 502C7 4 2 1 0 1819 1956 $334,500 16
21 F1781908 SFR 9315 Lev Ave ARL 91331 502D6 3 2/2 1 2 1720 1983 $365,000 52

Wednesday, March 04, 2009

City of Diamond Bar California Home Sales Statistics For September 2008

New Listings: 17

Average Listing Price: $ 819,617

Listings Under Contract: 5

Average Listing Price: $ 400,780

Sold Listigs: 6

Average Listing Price: $ 442,475

% Sales Price Versus Listing Price: 99.26 %

% Sales Price Versus Old Listing Price: 97.58 %

Average Days on The Market: 44

Tuesday, January 27, 2009

City of Commerce Home Sales Statistics For December 2008

New Listings: 4

Average Listing Price: $ 258,325

Listings Under Contract: 2

Average Listing Price: $ 302,500

Sold Listigs: 0

Average Listing Price: $ 0

% Sales Price Versus Listing Price: 0 %

% Sales Price Versus Old Listing Price: 0 %

Average Days on The Market: 0

City of Commerce Home Sales Statistics For November 2008

New Listings: 3

Average Listing Price: $ 296,133

Listings Under Contract: 0

Average Listing Price: $ 0

Sold Listigs: 5

Average Listing Price: $ 253,180

% Sales Price Versus Listing Price: 97.40%

% Sales Price Versus Old Listing Price: 96.21%

Average Days on The Market: 20

City of Commerce Home Sales Statistics For October 2008

New Listings: 7

Average Listing Price: $ 265,542

Listings Under Contract: 3

Average Listing Price: $ 238,266

Sold Listigs: 2

Average Listing Price: $ 283,060

% Sales Price Versus Listing Price: 89.22%

% Sales Price Versus Old Listing Price: 79.08%

Average Days on The Market: 156

City of Commerce Home Sales Statistics For September 2008

New Listings: 6

Average Listing Price: $ 378,083

Listings Under Contract: 2

Average Listing Price: $ 314,750

Sold Listigs: 3

Average Listing Price: $ 306,666

% Sales Price Versus Listing Price: 97.76%

% Sales Price Versus Old Listing Price: 77.38%

Average Days on The Market: 177

Wednesday, January 14, 2009

Venezuelan Youth Philarmonic

City of Castaic California Home Sales Statistics For December 2008

New Listings: 23

Average Listing Price: $ 426,812

Under Contract: 11

Average Listing Price: $ 405,590

Sold Listigs: 20

Average Listing Price: $ 349,300

% Sales Price Versus Listing Price: 97.81%

% Sales Price Versus Old Listing Price: 92.43%

Average Days on The Market: 74

City of Castaic California Home Sales Statistics For November 2008

New Listings: 18

Average Listing Price: $ 357,875

Under Contract: 10

Average Listing Price: $ 370,340

Sold Listigs: 24

Average Listing Price: $ 404,966

% Sales Price Versus Listing Price: 97.67%

% Sales Price Versus Old Listing Price: 95.43%

Average Days on The Market: 49

City of Castaic California Home Sales Statistics For October 2008

New Listings: 31

Average Listing Price: $ 449,869

Under Contract: 14

Average Listing Price: $ 330,835

Sold Listigs: 24

Average Listing Price: $ 417,075

% Sales Price Versus Listing Price: 99.65%

% Sales Price Versus Old Listing Price: 95.78%

Average Days on The Market: 59

City of Castaic California Home Sales Statistics For September 2008

New Listings: 51

Average Listing Price: $ 437,395

Under Contract: 15

Average Listing Price: $ 437,820

Sold Listigs: 29

Average Listing Price: $ 412,018

% Sales Price Versus Listing Price: 98.52%

% Sales Price Versus Old Listing Price: 94.73%

Average Days on The Market: 60

Thursday, January 08, 2009

City of Carson California Home Sales Statistics For December 2008

New Listings: 49

Average Listing Price: $ 278,544

Under Contract: 43

Average Listing Price: $ 291,484

Sold Listigs: 21

Average Listing Price: $ 290,885

% Sales Price Versus Listing Price: 101,45%

% Sales Price Versus Old Listing Price: 92.61%

Average Days on The Market: 58

City of Carson California Home Sales Statistics For Noviember 2009

New Listings: 33

Average Listing Price: $ 293,016

Under Contract: 20

Average Listing Price: $ 302,285

Sold Listigs: 24

Average Listing Price: $ 298,659

% Sales Price Versus Listing Price: 97.53%

% Sales Price Versus Old Listing Price: 90.10%

Average Days on The Market: 80

City of Carson California Home Sales Statistics For October 2008

New Listings: 70

Average Listing Price: $ 320,320

Under Contract: 36

Average Listing Price: $ 309,907

Sold Listigs: 23

Average Listing Price: $ 333,839

% Sales Price Versus Listing Price: 96.42%

% Sales Price Versus Old Listing Price: 83.43%

Average Days on The Market: 65

City of Carson California Home Sales Statistics For September 2008

New Listings: 62

Average Listing Price: $ 334,412

Under Contract: 23

Average Listing Price: $ 292,685

Sold Listigs: 34

Average Listing Price: $ 306,011

% Sales Price Versus Listing Price: 98.51%

% Sales Price Versus Old Listing Price: 98.31%

Average Days on The Market: 56

Monday, December 29, 2008

City of Baldwin Park California Home Sales Statistics For November 2008

New Listings: 11

Average Listing Price: $ 269,672

Under Contract: 2

Average Listing Price: $ 228,400

Sold Listigs: 9

Average Listing Price: $ 259,666

% Sales Price Versus Listing Price: 102.17%

% Sales Price Versus Old Listing Price: 97.72%

Average Days on The Market: 44

City of Baldwin Park California Home Sales Statistics For October 2008

New Listings: 11

Average Listing Price: $ 285,722

Under Contract: 9


Average Listing Price: $ 284,211

Sold Listigs: 7

Average Listing Price: $ 216,414

% Sales Price Versus Listing Price: 100.14%

% Sales Price Versus Old Listing Price: 89.55%

Average Days on The Market: 64

City of Baldwin Park California Home Sales Statistics For September 2008

New Listings: 24

Average Listing Price: $ 277,452

Under Contract: 27

Average Listing Price: $ 277,657

Sold Listigs: 9

Average Listing Price: $ 270,622

% Sales Price Versus Listing Price: 98.82%

% Sales Price Versus Old Listing Price: 88.10%

Average Days on The Market: 74

Tuesday, December 09, 2008

Photos of Valencia California


City of Valencia California Home Sales Statistics For September 2008

New Listings: 111

Average Listing Price: $ 521,664

Under Contract: 42

Average Listing Price: $ 386,883

Sold Listigs: 74

Average Listing Price: $ 459,159

% Sales Price Versus Listing Price: 97.20 %

% Sales Price Versus Old Listing Price: 93.05 %

Average Days on The Market: 58

City of Valencia California Home Sales Statistics For August 2008

New Listings: 116

Average Listing Price: $ 551,453

Under Contract: 47

Average Listing Price: $ 499,823

Sold Listigs: 73

Average Listing Price: $ 485,030

% Sales Price Versus Listing Price: 97.97 %

% Sales Price Versus Old Listing Price: 92.63 %

Average Days on The Market: 73

City of Valencia California Home Sales Statistics For July 2008

New Listings: 120

Average Listing Price: $ 514,374

Under Contract: 44

Average Listing Price: $ 423,249

Sold Listigs: 91

Average Listing Price: $ 468,172

% Sales Price Versus Listing Price: 98.26 %

% Sales Price Versus Old Listing Price: 85.34 %

Average Days on The Market: 66

City of Valencia California Home Sales Statistics For June 2008

New Listings: 130

Average Listing Price: $ 529,449

Under Contract: 57

Average Listing Price: $ 480,707

Sold Listigs: 82

Average Listing Price: $ 519,139

% Sales Price Versus Listing Price: 97.40 %

% Sales Price Versus Old Listing Price: 91.73 %

Average Days on The Market: 70

City of Valencia California Home Sales Statistics For May 2008

New Listings: 134

Average Listing Price: $ 506,042

Under Contract: 56

Average Listing Price: $ 505,390

Sold Listigs: 82

Average Listing Price: $ 482,838

% Sales Price Versus Listing Price: 97.13 %

% Sales Price Versus Old Listing Price: 91.57 %

Average Days on The Market: 67

Monday, November 24, 2008

City of Canyon Country California Foreclosures, Probates, Short Sales, Notice of Defaults

From 01/01/2008 to 11/24/2008

41 Foreclosures - Bank Owned Homes closed escrow

29 Foreclosed Condos closed escrow

6 Homes were sold on Short Sale

6 Condominios were sold on Short Sale

23 Homes were sold with Notice of Default

11 Condo was sold with Notice of Default

47 Homes sold had Fha Loan

35 Condos sold had Fha Loan

Friday, November 14, 2008

City of Canyon Country California Home Sales Statistics For September 2008

New Listings: 142

Average Listing Price: $ 390,704

Under Contract: 67

Average Listing Price: $ 322,577

Sold Listigs: 86

Average Listing Price: $ 347,848

% Sales Price Versus Listing Price: 97.56 %

% Sales Price Versus Old Listing Price: 91.91 %

Average Days on The Market: 60

City of Canyon Country California Home Sales Statistics For July 2008

New Listings: 141

Average Listing Price: $ 409,817

Under Contract: 64

Average Listing Price: $ 317,491

Sold Listigs: 87

Average Listing Price: $ 347,364

% Sales Price Versus Listing Price: 98.77 %

% Sales Price Versus Old Listing Price: 93.89 %

Average Days on The Market: 62

City of Canyon Country Calfiornia Home Sales Statistics For August 2008

New Listings: 147

Average Listing Price: $ 347,758

Under Contract: 73

Average Listing Price: $ 345,748

Sold Listigs: 86

Average Listing Price: $ 317,973

% Sales Price Versus Listing Price: 97.54%

% Sales Price Versus Old Listing Price: 91.53 %

Average Days on The Market: 65

City of Canyon Country Home Sales Statistics For June 2008

New Listings: 141

Average Listing Price: $ 409,817

Under Contract: 64

Average Listing Price: $ 317,491

Sold Listigs: 87

Average Listing Price: $ 347,354

% Sales Price Versus Listing Price: 98.67%

Sales Price Versus Old Listing Price: 93.89 %

Average Days on The Market: 62

Thursday, November 13, 2008

City of Canyon Country Home Sales Statistics For May 2008

New Listings: 135

Average Listing Price: $ 440,269

Under Contract: 60

Average Listing Price: $ 303,336

Sold Listigs: 85

Average Listing Price: $ 346,018

% Sales Price Versus Listing Price: 96.21 %

Sales Price Versus Old Listing Price: 89.33 %

Average Days on The Market: 63

Monday, November 10, 2008

City of Calabasas California Home Sales Statistics For September 2008

New Listings: 41

Average Listing Price: $ 1,770,917

Under Contract: 7

Average Listing Price: $ 1,633,200

Sold Listigs: 20

Average Listing Price: $ 1,080,225

% Sales Price Versus Listing Price: 93.91 %

Sales Price Versus Old Listing Price: 90.45 %

Average Days on The Market: 49

City of Calabasas California Home Sales Statistics for August 2008

New Listings: 50

Average Listing Price: $ 1,714,392

Under Contract: 11

Average Listing Price: $ 2,297,118

Sold Listigs: 13

Average Listing Price: $ 1,160,796

% Sales Price Versus Listing Price: 96.27 %

Sales Price Versus Old Listing Price: 91.54 %

Average Days on The Market: 72

Alberto Pacheco
Realtor Calbre Lic 01200694
818 481 9211
Keller Williams Porter Ranch
Real Estate Consultant
http://www.granadahills.kwrealty.com  Real Estate News, Mortgages, Trends


City of Calabasas California Home Sales Statistics For July 2008

New Listings: 54

Average Listing Price: $ 2,049,833

Under Contract: 12

Average Listing Price: $ 1,518,406

Sold Listigs: 11

Average Listing Price: $ 1,389,727

% Sales Price Versus Listing Price: 96.02 %

Sales Price Versus Old Listing Price: 86.07 %

Average Days on The Market: 85

City of Calabasas California Home Sales Statistics For June 2008

New Listings: 54

Average Listing Price: $ 2,049,833

Under Contract: 12

Average Listing Price: $ 1,518,406

Sold Listigs: 11

Average Listing Price: $ 1,389,727

% Sales Price Versus Listing Price: 96.02 %

Sales Price Versus Old Listing Price: 86.07 %

Average Days on The Market: 85

Saturday, November 08, 2008

City of Calabasas California Home Sales Statistics For May 2008

New Listings: 56

Average Listing Price: $ 1,919,187

Under Contract: 14

Average Listing Price: $ 1,689,853

Sold Listigs: 23

Average Listing Price: $ 1,170.200

% Sales Price Versus Listing Price: 94.73 %

Sales Price Versus Old Listing Price: 93.11 %

Average Days on The Market: 59

Tuesday, November 04, 2008

First Time Home Buyer Tax Credit

One of the most exciting new provision of the Housing and Economic Recovery Act of 2008 is the Fist Time Homebuyer Tax Credit. The credit is designed to encourage first time home buyers to go ahead and make their first purchase.

Things To Keep In Mind

The credit is available for homes purchased between April 9, 2008 and July 1,2009

The credit amounts to 10% of the purchase price of the home not to exceed $7,500

A first time home buyer is defined as someone who has not owned a home in the last three years.

Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

The tax credit works like an interest free loan and must be repaid over a 15 year period.

How Does The Tax Credit Work?

A tax credit is a special provision that reduces the income tax liability on a dollar for dollar basis. When filing a tax return, you must include income items, deductions items and the number of exemptions, among other things, to figure your total tax liability. If your total tax liability end up being $7,500, and you qualify for the full $7,500 tax credit, this credit would be applied and would wipe out all of tax due. If yur employer had already deducted the $7,500 from your pay checks throughout the year, you would receive a tax refund of $ 7,500.

Does This Credit Has To Be Repaid?

Yes, the credit does have to be reapid, so it is really more like an interest free loan. Home buyers will be required to repay the credit to the government, without interest over 15 years ow when they sell the house, if theres is sufficient capital gain from the sale. For example, a homebuyer claiming $7,500 credit would repay the credit at $500 per year. The home owner does not have to begin making repayments on the credit until two years after the credit is claimed. So if the tax credit is claimed on the 2008 tax reeturn, a $500 payment is not due until the 2010 tax return is filed. If the homeowner sold the home, then the remaining credit amount would be due from the profit on the home sale. If there was insufficient profit, then the remaining credit payback would be forgiven.

For more information on this tax credit or other changes resulting from the Housing and Recovery Act of 2008 please visit: http://www.hud.gov/news/recoveryactfaq.cfm.