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Santa Clara County Market Update February 2010
Dec 2009 to Jan 2010 5.7 % INVENTORY CLOSED SALES MEDIAN  SALE 1887 593 $532,000 16.1 % 36.8 %
Jan 2009 to Jan 2010 18.2 % INVENTORY CLOSED SALES MEDIAN  SALE 54.8 % 1887 593 $532,000 4.4 %
Interest Rates Interest rates on conforming, 30 year fixed mortgages are now 5.125%. Interest rates on conforming, 15 year fixed mortgages are now 4.500%. Act quickly to lock in these  low rates!
Timing the Bottom? ,[object Object],February 2010 Purchase Price = $532,000 20% Down = $106,000 Mortgage = $426,000 30-Year Rate = 5.125% Monthly Payment = $2,320 February 2011? Purchase Price = $479,000 20% Down = $96,000 Mortgage = $383,000 30-Year Rate = 6.125% Monthly Payment = $2,327 1% increase in interest rates offsets 10% decrease in purchase price
Thirty Second Update ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
More  Talking Points ,[object Object],[object Object],[object Object],[object Object],[object Object]
About Me ,[object Object],[object Object],[object Object],[object Object],[object Object],Heide Wolf-Reid ALTERA REAL ESTATE 1125 Meridian Avenue San Jose, CA 95125 Phone: 408-667-9298 Email:  [email_address]
Thank You For Choosing  Altera Real Estate!

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Santa Clara County Housing Market Update February 2010

  • 1. Santa Clara County Market Update February 2010
  • 2. Dec 2009 to Jan 2010 5.7 % INVENTORY CLOSED SALES MEDIAN SALE 1887 593 $532,000 16.1 % 36.8 %
  • 3. Jan 2009 to Jan 2010 18.2 % INVENTORY CLOSED SALES MEDIAN SALE 54.8 % 1887 593 $532,000 4.4 %
  • 4. Interest Rates Interest rates on conforming, 30 year fixed mortgages are now 5.125%. Interest rates on conforming, 15 year fixed mortgages are now 4.500%. Act quickly to lock in these low rates!
  • 5.
  • 6.
  • 7.
  • 8.
  • 9. Thank You For Choosing Altera Real Estate!