Nine of the 63 new Hayes Valley condos under construction at 300 Ivy (aka 401 Grove Street) will be sold for as little as $236,862 for a 624 square foot one-bedroom and $355,404 for one three-bedroom with 1,605 square feet. So what’s the catch? As part of the Mayor’s... Read More »

The California Housing Finance Agency has launched the CalHFA FHA Loan Program, offering FHA-insured, 30-year fixed rate first-mortgages for first-time homebuyers (defined as not having owned and occupied a home for the past three years). Rates are below market but mortgage amounts are limited to $417,000 and both income... Read More »

While terms of the federal homebuyer tax credit originally required a signed contract by April 30 and closing by June 30, Congress has extended the closing date to September 30 but hasn’t extended the April 30 signed contract date to qualify for the $8,000 credit. ∙ Senate Approves First-Time... Read More »

In March Governor Schwarzenegger signed into law California Assembly Bill 183 which allocated $100 million in credits for first-time buyers of existing homes and $100 million in credits for buyers of new homes purchased between May 1, 2010 and August 1, 2011. So far 15,220 applications totalling $78,108,000 in... Read More »

An effective $200 million extension and expansion of last year’s oversubscribed $10,000 homebuyer tax credit incentive, California Assembly Bill 183 was signed into law by Governor Schwarzenegger yesterday. The new law allocates $100 million in credits for buyers of new homes (a previous requirement) and $100 million in credits... Read More »

Once again we can’t vouch for the inventory or prices, but we can pass along the sale scoop: local staging company KAGdesigns is holding a warehouse sale this Saturday (11/14) from 11am to 2pm at 1777 Yosemite (cross of 3rd). Read More »

With $58,355,593 of tax credits already allocated, $101,638,616 in credits claimed, and 1,505 applications in a back-up position, the California Franchise Tax Board has stopped accepting applications for $10,000 tax credits for new home buyers in California. ∙ California Tax Credit For New Home Buyers Read More »

Okay, so we know we’re not giving you much notice but it’s the scoop and best we can do. Today, July 3rd, one of the hipper staging companies in town (Green Couch) is holding a warehouse sale. 11am to 4pm at 744 Alabama. No promises, but at the very... Read More »

With around 24 of their 98 condos either closed or in contract, Cubix (766 Harrison) launches a four week “Economic Stimulus Sale” today with reductions of up to 29.5% off of their original list prices. The goal, “to reach 50% sold, at which time lenders can offer FHA financing... Read More »

Contracts were written on 18 of the 20 reduced units in the Turk Street tower of Symphony Towers the weekend before last. The unofficial word on the street is that a construction loan might have motivated the “slashing” (sound familiar?). While an official word is that there are currently... Read More »