Caroline Chai's (sttsou) Blog

Freddie Mac released the results of its Primary Mortgage Market Survey on 8/20/10, and for yet another week, the fixed-rate mortgages reached another low. 30-year fixed-rate mortgage averaged 4.42 percent with an average 0.7 point for the week ending August 19, 2010, down from last week when it a...

Home buyers today are educated and press for time. Buyers prefer homes where they can just move-in and start enjoying life in their new homes. They will pay a premium for this. Houses with outdated decor will take longer to sell and sell at a deep discounted price depending how much modernization...

Ever wonder where is the most popular city for the rich to live in East San Gabriel Valley? The followings is a comparison chart of houses sold that are over 5000 sq ft from January 2010 to May 2010 in the area. City No. Sold Price Range Diamond Bar 7 $1.7M - $5.5M Walnut 3 $1.4M - $1.5M Claremon...

As of May 18th, 57% of state fund for first time homebuyers has been allocated 18 days after the program starts on May 1st. For first time homebuyers claiming for state tax credit, it has to be filed within 2 weeks from closing escrow. This is the very last chance for first time homeowner to rece...

For buyer/renter who has been searching for a long time for their dream home and still can not find it, they may need to realistically look into their options. Most common problem I run into is buyer desires a home worth $500K with a budget of $400K. The solution to this is actually very simple. ...

Short sales has become a vital part of the real estate market. As of 05/1/10, the short sale inventory in Chino is as high of 50% of all houses for sale (see chart below). For under water homeowners who are considering a short sale, please contact me. I am an experienced short sale agent who can ...

Good news for new home buyers! California Energy Commission allocated $35.2 million for the new appliances rebate program begins April 22, 2010. Three residential appliance categories were selected to be eligible to receive rebates: Clothes washers - rebate $100 Refrigerators - rebate $200 Window...

Great news for California homeshoppers! A new 2010 state tax credit program providing eligible homebuyers with credits of up to $10,000 was recently enacted! That means if you qualify, purchase a home by April 30th and close escrow after May 1st and on or before June 30th to receive BOTH the new ...