San Francisco Real Estate - Janice Lee

Just Sold 2909 Jennings Over Asking All Cash $650,000! Represented Seller. This property was featured in SFGate.com. My client purchased the property for under $300,000 in San Francisco Bayview District in 2014. Negotiated a lower price after getting in contract. Is that even possible? My clients remodeled  the property and sold for a huge profit. #SF # Flipping #Investments #RealEstate # Listing #Selling Before and after 2090 Jennings.

WASHINGTON President Barack Obama moved Wednesday to make it cheaper for first-time and younger buyers to take out a mortgage. Obama lowered the mortgage-insurance premium for borrowers who have a down payment of just 3.5 percent of the home’s purchase price and finance the rest of the purchase with a loan backed by the Federal Housing Administration. The reduction is expected to save the typical first-time homebuyer an average of $900 a year on the insurance, the White House said. The insurance is required because they’re financing so much of the purchase and the loans are riskier. Existing homeowners who refinance into an FHA mortgage will see similar reductions, the White House said. The White House estimated that the change will help 800,000 homeowners save on their mortgages and 250,000 new buyers save on mortgage payments over the next three years. Obama, expected to highlight the lower-cost mortgages Thursday during a visit to Arizona, has been under pressure from the housing se...

All the ingredients for a red-hot housing market in the Bay Area are there – a robust economy, tech companies that are churning out high-paying jobs, very strong demand from well-qualified buyers, and home prices that are climbing at a healthy pace. The only thing that’s missing is enough homes for anxious buyers to purchase. While inventory has edged up in some areas lately, it’s still way too low to satisfy buyer demand, and that’s clearly having an impact on sales.