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Santa Clara County Market Update May 2010
Mar 2010 to Apr 2010 INVENTORY CLOSED SALES MEDIAN  SALE 2546 975 $630,000 6.8 % 5.0 % 6.3 %
Apr 2009 to Apr 2010 34.0 % INVENTORY CLOSED SALES MEDIAN  SALE 31.0 % 2546 975 $630,000 6.8 %
Apr 2009 to Apr 2010 50 % 67 % NORMAL SHORT SALES REO 66% 19% 15% 90 % MARKET MIX – CLOSED SALES
Interest Rates Interest rates on conforming, 30 year fixed mortgages are now 5.000%. Interest rates on conforming, 15 year fixed mortgages are now 4.250%. Act quickly to lock in these  low rates!
Timing the Bottom? ,[object Object],March 2010 Purchase Price = $630,000 20% Down = $126,000 Mortgage = $504,000 30-Year Rate = 5.000% Monthly Payment = $2,706 March 2011? Purchase Price = $567,000 20% Down = $113,000 Mortgage = $454,000 30-Year Rate = 6.000% Monthly Payment = $2,722 1% increase in interest rate 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],[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 May 2010

  • 1. Santa Clara County Market Update May 2010
  • 2. Mar 2010 to Apr 2010 INVENTORY CLOSED SALES MEDIAN SALE 2546 975 $630,000 6.8 % 5.0 % 6.3 %
  • 3. Apr 2009 to Apr 2010 34.0 % INVENTORY CLOSED SALES MEDIAN SALE 31.0 % 2546 975 $630,000 6.8 %
  • 4. Apr 2009 to Apr 2010 50 % 67 % NORMAL SHORT SALES REO 66% 19% 15% 90 % MARKET MIX – CLOSED SALES
  • 5. Interest Rates Interest rates on conforming, 30 year fixed mortgages are now 5.000%. Interest rates on conforming, 15 year fixed mortgages are now 4.250%. Act quickly to lock in these low rates!
  • 6.
  • 7.
  • 8.
  • 9.
  • 10. Thank You For Choosing Altera Real Estate!