Lowell King's blog

http://www.realtor.org/articles/real-estate-provisions-in-fiscal-cliff-bill

http://www.washingtonpost.com/realestate/new-law-expands-protections-for-those-in-military-service/2012/12/20/9dc06bcc-3efb-11e2-a2d9-822f58ac9fd5_story.html

Good advice for Home Buyers who are borrowing part or all of the Down Payment

Lowell@king4homes.com wanted to share this with you: Good news for Home Owners who owe more than their home is worth. ‘Fiscal cliff’ vote included extension of Mortgage Forgiveness Debt Relief Act – Business – ReviewJournal.com http://shar.es/4Xkc3 The last-hour vote in Congress to avoid the “fiscal cliff” included a provision that extends the Mortgage Forgiveness Debt Relief Act through 2013, which is important to sustaining the nascent…

Congratulations the newly elected Fremont Mayor Bill Harrison. Best wishes to Mayor Harrison as he takes on the job to continue to make Fremont, Alameda County’s Premier place to live, to work,to send children to school, to raise a family or just live. I have seen many wonderful changes in Fremont over the last 30 years. It just keeps getting better.Lets all get behind Mayor Harrison and support his efforts.

Good information to help you with your mortgage situation.

http://money.cnn.com/2012/12/24/real_estate/mortgage-debt-forgiveness/index.html

In the San Francisco Bay Area, As long as the inventory is this low, the bidding wars will continue. Traditionally, there should be a slight to moderate inventory increase right after the New Year. Buyers should be prepared to become aggressive in their terms and offer prices. This is not a time to be passive. Prices will more than likely be higher this Summer.

Some Buyers are distracted by the Holidays.This creates a small window of opportunity for Home Buyers because there are fewer Buyers shopping for homes at this time.

Home Prices in the Tri-City Area (Fremont, Newark and Union City) have seen large gains in the last 12 months. Median Prices, Fremont up 39%, Newark up 11% and Union City up 22%. Great time to sell. Sellers are seeing multiple offers and in most cases, well above the asking price.

Search for “Homes For Sale” listings and Open Homes this weekend @ King4Homes.com on your Smart Phone. Click Call Now to reach me.