Just So You Know...

Here's come information from CNN Money.com that gives you a heads up on the Federal First Time Buyers Tax Credit. Only the IRS can change things, but knowing the rules for getting the credit are helpful.

Just as the Teschkes in the article, several of our First Time Buyers are planning to use their increased tax refund due to the tax credit to invest in improvements for their new home. In our humble opinion, the stimulus is working.

This Week's Realty Times Report

We get a lot of good, quick real estate information from this site. The report this week is that the "Recovery" has started, but is being held back by continuing high unemployment.

What's it like for you? Has your recovery started?

"Inventory" is Down

We think you will be interested in this article from the Wall Street Journal on the condition of real estate "inventory" in California. Then it occurred to us that you might be interested in the definition of inventory, so we looked it up. Here's a nice, concise definition:

The amount of time it would take to sell all current listings at the current sales pace if no new listings became available. Normally measured in months (i.e. there's currently 8 months of inventory available).
This definition of Inventory Level contributed by finecoastalliving, through the site called Real Estate Forums.

And now for the story...

What's it like in Gilroy? Very competitive, when properties are priced right. Pricing is the key. It always has been and it always will be.

Government Exiting, Strategically, from the Mortgage Markets

“For more than a year, the government pulled out the stops to revive home buying by driving down mortgage rates. Now, whether the housing market is ready or not, the government is pulling out.” So says The Washington Post in an article.


Some say the government action to pull out is too soon, others say the pull out is the plan, and good for the economy. Read the full story here.

2010 - What Will It Bring?

Nobody ever knows for sure, but experience and longevity help with predictions of what's to come. Intero CEO Gino Blefari shared some of his predictions for 2010 this week and we thought you might be interested in what he has to say. Read Gino's predictions here.

A Friday Night in Gilroy

Gilroy Apartment for Rent

On-Demand Property Information - At Your Fingertips!

Check it out: Intero's new and exclusive CoolApp/text solution (video compliments of John Thompson Intero's Executive Vice President) - Text INTERO to 59559 and get on-demand instant property information on every property available for sale in the Bay Area via MLSListings - Fast & FREE.

Happy New Year!

Merry Christmas