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Santa Clara County Market Update January 2010
Nov 2009 to Dec 2009 17.8 % 6.8 % INVENTORY CLOSED SALES MEDIAN  SALE 1584 938 $564,000 4.3 %
Dec 2008 to Dec 2009 10.2 % INVENTORY CLOSED SALES MEDIAN  SALE 59.7 % 1584 938 $564,000 38.8 %
Interest Rates Interest rates  on conforming,  30 year fixed mortgages are now 5.25%. Act quickly to lock in these  low rates!
Timing the Bottom? ,[object Object],January 2010 Purchase Price = $564,000 20% Down = $113,000 Mortgage = $451,000 30-Year Rate = 5.25% Monthly Payment = $2,490 January 2011? Purchase Price = $508,000 20% Down = $102,000 Mortgage = $406,000 30-Year Rate = 6.25% Monthly Payment = $2,500 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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Housing Update January 2010

  • 1. Santa Clara County Market Update January 2010
  • 2. Nov 2009 to Dec 2009 17.8 % 6.8 % INVENTORY CLOSED SALES MEDIAN SALE 1584 938 $564,000 4.3 %
  • 3. Dec 2008 to Dec 2009 10.2 % INVENTORY CLOSED SALES MEDIAN SALE 59.7 % 1584 938 $564,000 38.8 %
  • 4. Interest Rates Interest rates on conforming, 30 year fixed mortgages are now 5.25%. Act quickly to lock in these low rates!
  • 5.
  • 6.
  • 7.
  • 8.
  • 9. Thank You For Choosing Altera Real Estate!