Bay Area median home price hits $510,000 – SFGate





(05-15) 17:20 PDT San Francisco — Eager Bay Area buyers propelled the region’s median home price above a half-million dollars in April – its highest point in almost five years – reflecting a market continuing to rebound, according to a real estate report released Wednesday.

The $510,000 median for the nine-county Bay Area represents a jump of 30.8 percent from a year ago and a record 17 percent above March’s median price, said DataQuick, a San Diego real estate service that produced the report.

Read more:

Bay Area median home price hits $510,000 – SFGate.

5 Stupid Ways to Pay Off Your Debt


The easiest way to recognize a “stupid” debt repayment method is to think about whether the debt is actually paid off when the method’s complete. As you think about ways to get rid of your debt load, ask yourself, “Is this just a quick, easy solution to tide me over or will this really, once and for all, get rid of the debt?” Here are some of the worst (and most costly) ways to “pay off” your debt. p>5 Stupid Ways to Pay Off Your Debt Article.

700 Credit Score Communities to help you achieve your financial goals



At HOPE we believe that when you transform a neighborhood to become a 700 credit score community, check cashers, title lenders, payday lenders and rent-to-own stores become credit unions and community banks and liquor stores are transformed into convenient stores and grocery markets.

HOPE believes that a community empowered with their own sense of financial dignity, asks more good questions, demand better products and services, are more aspirational, and position themselves as an upwardly mobile emerging market for the future.  A community filled with economic opportunity.
The HOPE Financial Dignity Centers will lead our efforts to transform the client-base we serve, and the under-served communities we exist within to drive so-called “poor neighborhoods” into emerging market communities of economic opportunity. This will be done with a focus on creating 700 credit score communities by working closely with our clients and surrounding communities to move average credit scores from the 550 credit score range, to the 650-670 plus credit score range.


To find out more about the 700 Credit Score Communities Initiative, please contact

700 Credit Score Communities.

California home prices soar 8 percent in 1 month – AP State News – The Sacramento Bee

California’s median home sales price soared more than 8 percent from February to March – the latest evidence of the fast-paced recovery in the state’s housing market as buyers compete for thin supplies, a research firm said Thursday.

Read more here:


 the complete article -California home prices soar 8 percent in 1 month – AP State News – The Sacramento Bee.

Mortgage Interest Rates Continue to Fall

Mortgage Interest Rates Continue to Fall.


Fixed mortgage rates fell after a disappointing jobs report, with the benchmark 30-year fixed mortgage rate retreating to 3.64%, according to Bankrate. The average 30-year fixed mortgage has an average of 0.35 discount and origination points.

The average 15-year fixed mortgage rate pulled back to 2.89%, while the larger jumbo 30-year fixed mortgage is at the lowest point of the year, 4.03%.

Adjustable-rate mortgages were lower across the board, albeit more modestly. The 5-year ARM and 7-year ARM are at the lowest levels in the past month, at 2.7% and 2.9%, respectively.

Mortgage rates have now fallen for four consecutive weeks. The pullback started with the banking crisis in Cyprus, continued with a run of uninspiring U.S. economic data, and picked up speed with the weak jobs report. But as the sting of the lousy jobs report slowly wears off, we’ll likely see mortgage rates crawling back over the coming week.

The last time mortgage rates were above 5% was April 2011. At the time, the average 30-year fixed rate was 5.07%, meaning a $200,000 loan would have carried a monthly payment of $1,082.22. With the average rate currently at 3.64%, the monthly payment for the same size loan would be $913.79, a difference of $168 per month for anyone refinancing now.


Spring Home Buying Season Off To Early Start – Real Estate News –


for sale

Spring Home Buying Season Off To Early Start – Real Estate News –’s February 2013 national housing data indicates that listing inventories increased 1.15 percent month-over-month; median age of inventory was at 98 days, a 9.26 percent decrease month-over-month; and median list prices were slightly higher month-over-month at $189,900. These numbers show that home buyers are getting an early start on the spring season despite the fact that inventories recently hit record lows.

The median age of inventory was down by 9.26 percent month over month and total listings are up 1.15 percent month over month, suggesting that many reluctant home sellers are starting to take an early advantage of the recent improvements in housing prices. Annual inventory decreases of -15.97 percent are consistent with a gradual, yet persistent downward trend that has been occurring over the last two years. From January 2013 to February 2013, the median age of inventory decreased in 145 of the 146 markets tracked by The national median list price also reversed its downward trend, rising by 1.55 percent over the month of February and 1.01 percent on an annual basis. In addition, the number of markets experiencing a decline in home prices is shrinking, implying more good news for the housing market and U.S. economy at large.

There continue to be pronounced regional differences in the strength of the housing market. Several areas in California are experiencing the highest increases in list prices coupled with the largest inventory declines. Phoenix, Seattle and Denver are also among the top performers across the U.S. However, many smaller industrialized markets in the Midwest and the Northeast registered year-over-year price declines, as did Philadelphia, Chicago and New York City. While the number of markets experiencing year-over-year list price declines had been increasing, this pattern appears to be turning around as home list prices increased in 78 markets last month on a year-over-year basis and declined in 39.

Existing-Home Sales and Prices Continue to Rise in February |




WASHINGTON (March 21, 2013) – February existing-home sales and prices affirm a healthy recovery is underway in the housing sector, according to the National Association of Realtors®. Sales have been above year-ago levels for 20 consecutive months, while prices show 12 consecutive months of year-over-year price increases.

Existing-Home Sales and Prices Continue to Rise in February |

Home Sales Jump, Mortgage Rates Drop

 Read the complete article – Home Sales Jump, Mortgage Rates Drop.


February was a stellar month for housing and apartment starts. Builders broke ground on a lot of new construction, and they also received building permits for future construction at the fastest pace in 4.5 years.

for saleThat’s a sign that things are heading the right way. And it’s also some much needed positive news. The good news comes at a time when the industry is preparing itself for the spring buying season.

¦Hercules Properties Available, View Them

Dozens of Hercules Quality Properties Are Available Now !

Hercules Listings

Looking for a quiet small town close to San Francisco, Oakland with San Pablo Bay access. Consider Hercules.


Hercules City Website

Ideally situated on beautiful San Pablo Bay, 

midway between San Francisco and Napa, with handsome homes, 

safe neighborhoods, and many exciting new projects planned, this diverse

waterfront community is poised to expand its reputation as a great place to live.