Keisha Hosea- Realtor, Chino Hills, CA

First Time Buyers Want Extension of the Tax Credit. Will It Happen?

On October 20, 2009 National Association of Realtors® First Vice President Ron Phipps spoke to the Senate Banking, Housing and Urban Affairs Committee during a hearing on “The State of the Nation’s Housing Market.” Phipps cited data that shows how providing the tax credit has helped strengthen homes sales. Such homes sales also in turn provide an economic boost to the national economy.

The present credit is due to expire on November 30, 2009 and could gravely impact the gains made by the current tax credit for the housing market and overall economy.

Some of the naysayers against extending the credit state concerns regarding the ability of the IRS to effectively administer the credits that have been claimed. They have expressed concerns over fraudulent claims. Many of the claimants, nearly 74,000, appeared to have already owned a home. According to congressional estimates, an extension would cost roughly $1 billion per month. The question is whether the expense would outweigh the boost in the housing market.

As the debate continues, it is undeniable that this tax credit has helped many first time buyers become homeowners. Hopefully, we can see this continue.

Keisha Hosea is a local Market Expert and Realtor in Chino Hills, California with Keller Williams Realty, She is the Team Director and CEO of KASI Homes. She has been a local resident for over 22 years and enjoys volunteering with the City of Chino Hills in her spare time. You may call her direct at (909) 261-6377 for further questions on this information or any other real estate advice.

Clients, Friends and Family Are What Make This A Business Worth Having in Chino Hills, California. About two and a half years ago a Realtor from Maine called to refer some clients, Mr. and Mrs. Mason to me. They lived in Chino Hills, California and were planning to retire in Maine. They needed to sell their home here in Chino Hills, California.

After meeting with Mr. and Mrs. Mason, we mutually agreed that we would make a great team at getting their home sold. As we prepared to undertake getting their home on the market, Mr. Mason’s health took an unexpected turn. Plans to retire had to be put on hold as we awaited to hear about Mr. Mason’s health. The news was not good as Mr. Mason was diagnosed with cancer.

The Mason’s and I remained in contact. Mrs. Mason and I would get together for lunch and chat on the phone occasionally. Mrs. Mason would call me for Real Estate advice here and there. Then one day she phoned to tell me that Mr. Mason had passed away. My heart sank. For many months thereafter, Mrs. Mason and I spoke, had lunch and processed Mr. Mason’s passing.

Then one day, Mrs. Mason called and told me about her plan to invest in property. We immediately set about an investment strategy for single family homes. After a four month negotiation on a short sale, we closed escrow on a beautiful four bedroom home with over 2000 square feet. We are now looking for her next three homes.

I am thankful first, for a career and business where I am able not only to help the people I know obtain their goals and second, for a business and career where my clients become friends and my friends become family.

Much love and gratitude to Mrs. Mason and all the other wonderful people in my life. Thank you for your continued support.

The months of supply of homes for sale is extremely low for single family homes in Chino Hills. From this time last year, the supply of homes for sale has decreased by 75%.

The supply and demand for single family homes in Chino Hills also shows us that the number of single family homes for sale is down 60%. The number of homes for sale (demand) for single family homes has increased by 4%.

Over the past year the median sales price has increased by 4%. Since last year, the average days on the market has decreased by 26%. Therefore homes for sale are on the market 21 less days.

So what does all this mean for you? It means that if you are a seller in Chino Hills, you are quite likely to be able to sell quickly and receive multiple offers. If you are a buyer, be prepared to make your offer competitive and be sure to consult with a Realtor that specializes in the area.

Keisha Hosea is a local Market Expert and Realtor in Chino Hills, California with Keller Williams Realty, She is the Team Director and CEO of KASI Homes. She has been a local resident of Chino Hills and the Inland Empire for over 22 years and enjoys volunteering with the City of Chino Hills in her spare time. You may call her direct at (909) 261-6377 for further questions on this information or any other real estate advice. You may also visit the website at http://KASIHomes.com

The months of supply of homes for sale is extremely low for single family homes in Fontana. From this time last year, the supply of homes for sale has decreased by 85%.

The supply and demand for single family homes in Fontana shows us that the supply is down 67%, the demand for single family homes is down 19% from this time last year.

Fontana remains a market full of affordability for first time home buyers. Over the past year the median sales price has decreased by 25%. Additionally, since last year the average days on the market has increased by 2%.

So what does all this mean for you? Many homeowners are very likely to owe more on their homes than the current value. It is a good idea to seek the professional advice of a licensed Realtor to find out your options. It also means that there are many buyers looking in Fontana that would be interested in purchasing a home while affordability is present.

Keisha Hosea is a local Market Expert and Realtor in Chino Hills, California with Keller Williams Realty, She is the Team Director and CEO of KASI Homes. She has been a local resident of Chino Hills and the Inland Empire for over 22 years and enjoys volunteering with the City of Chino Hills in her spare time. You may call her direct at (909) 261-6377 for further questions on this information or any other real estate advice. You may also visit the website at http://KASIHomes.com

The months of supply of homes for sale is low for single family homes in Diamond Bar. From this time last year, the supply of homes for sale has decreased by 57%.

In the city of Diamond Bar over, since last September, the median sales price has decreased by 2%. Additionally, this is not the only good news. Since last year, the average days on the market has increased by 21%. This means homes are on the market approximately 10 days longer.

So what does all this mean for you? It means that there are many buyers looking in Diamond Bar, homes continue to sell for close to the same price as this time last year but they are staying on the market a little longer than last year.

Keisha Hosea is a local Market Expert and Realtor in Chino Hills, California with Keller Williams Realty, She is the Team Director and CEO of KASI Homes. She has been a local resident of Chino Hills and the Inland Empire for over 22 years and enjoys volunteering with the City of Chino Hills in her spare time. You may call her direct at (909) 261-6377 for further questions on this information or any other real estate advice. You may also visit the website at http://KASIHomes.com