Excerpt from WallStreetJournal.com
“The 30-year fixed-rate mortgage averaged 4.71% for the week ended Thursday, down from last week’s 4.78% average and 5.53% a year ago.”
“Earlier this week, the National Association of Realtors said its forecasting gauge of housing-market activity climbed to its highest level in more than three years in October. Last week, the association said [...]

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Mortgage rates have fallen to 4.78% (30yr fixed) to match their lowest levels since 1971.  When compared to this year’s highest rate (achieved in June) with today’s rate, you could save up to$1oo/mth on a $200,000 loan. 
These great rates plus the new Federal Housing Tax Credit ($8k for new buyers and $6.5k for repeat buyers) make buying a home [...]

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Economic Data Says Time to Buy is Now
Demand for homes will be increasing, particularly in Northern California, a fact underscored by newly released market data showing the Oakland metro area has the lowest months of home supply in the entire country, a dynamic which will drive price hikes in our region first. According to John [...]

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An expanded version of the home-buyer tax-rebate program could jump-start the market for higher-priced homes and help sustain the booming low-end housing market, Phoenix-area real-estate analysts say.
Home builders, analysts and brokers said they hope the revamped program, expected to receive President Barack Obama’s signature today, will spur sales of homes priced from $250,000 to $800,000 [...]

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New Savings Available on Year-End Delivery Homes
New opportunities to save are available on our limited supply of year-end delivery homes.  Four popular homes are available:
Chablis – lovely preserve lot home / Hyacinth – gorgeous furnished model home / Iris – beautifully appointed garden villa / Iris -scenic lake lot garden villa
These homes are all Shea [...]

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By Hibah Yousuf, CNNMoney.com contributing writer
NEW YORK (CNNMoney.com) — Sales of existing homes rebounded sharply in September to their highest level in two years, getting a strong boost from first-time homebuyers, according to a report released Friday.
Sales of previously-owned homes jumped 9.4% in September after falling for the first time in four months in August, [...]

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“If you wish to converse with me, define your terms” – Voltaire
When will the housing recovery happen?  It is a good question and an important question to millions of people nation wide.  Looking at the headlines in the news it is tough to tell where the state of the housing market currently stands.  One headline [...]

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The government reports new U.S. home sales rose by 9.6% in July, following an 11% increase in June, which was the largest amount in nearly nine years.  Both increases are signs the housing market is finally bouncing back from the worst downturn in decades.  Read more here  

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The completed homes at Trilogy Redmond Ridge which are available for immediate move-in are special for another reason… We at Shea Homes will buy down your interest rate below the already historically low rates. For example: On 8-14-09 a $400,000 fixed rate mortgage loan can be as low as 4.375% 30-year fixed after we contribute [...]

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The government says new U.S. home sales rose by 11% nationally in June, the largest amount in nearly nine years, another sign the housing market is finally bouncing back from the worst downturn in decades.
It was the strongest sales pace since November 2008 and exceeded the forecasts of economists surveyed by Thomson Reuters. The last [...]

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