RealEstate680

Homes in Walnut Creek and the 680 corridor have been excluded from Federal and State grants for years.  The purchase price and loan amounts were always too high.  The federal stimulus package continues to assist people who have the income to support the monthly mortgage payments to live in Walnut Creek and central Contra Costa County.  And here’s how.

The Nehemiah Program has been around for decades it has helped over a quarter of a million Americans purchase homes. Unlike some down payment assistance programs, Nehemiah offers down payment help to anyone who qualifies for an approved FHA loan. There are no limits on income or assets, but buyers must have an FHA loan or be pre-approved for an FHA mortgage. 

Nehemiah will allow up to 6% of the final contract sales price for down payment and/or closing costs.  It’s available for first-time and repeat homebuyers.  You can use it  for new construction and resale homes, with no geographical restrictions.

 This means a FHA loan up to a $750,000 loan amount with a supporting Nehemiah grant to cover the down payment. I’m sure certain restrictions are attache to this product, but if you want to buy a Walnut Creek home with nothing down, this may be one fo the ways to do it.

The past few week shows all Quartiles of residential real estate in Walnut Creek inching up in price .  Most of the homes on the market are showing good crowds at open houses and Realtors seem to be busy showing homes too.

Another very interesting statistic is that inventory continues to increase, giving buyers more selection.  Sellers may be starting to realize that it’s a good time to sell a home and buy up or buy down.

If you are buying or selling, it may be time to re-enter the Walnut Creek real estate market.  Additional Walnut Creek real estate Statistics available upon request.

Simple arithmetic. 

The California State Department of Education has selected five Walnut Creek elementary schools to be named to list of CALIFORNIA DISTINGUISHED SCHOOLS.  This is a annual award that has gone to elementary schools in Walnut Creek for many years.  This year it means even more.

Walnut Creek real estate continues to crawl through these very tough times.  More inventory means more opportunity for home buyers.  Currently on the Walnut Creek MLS there are 318 homes for sale in Walnut Creek.  Condos from the low $200,000 to 6,000 square foot homes with an asking price of $3.5 million.  Indeed there is something for everyone.

The other piece of the pie is how long it’s taking homes to sell in Walnut Creek.  A great home on Rudger had mulitiple offers on 4 days and the flip side shows homes in Walnut Creek with days on market of over one year.  There is a tremendous amount of opportunity in Walnut Creek real estate right now.  Are you ready to take a look?

Walnut Creek real estate shows that we are getting more inventory and homes are staying on the market for less days. Buyers are coming back and seller are pricing homes well. 

Walnut Creek real estate median days on market continues to drop at a very healthy pace.

Walnut Creek real estate inventory continues to increase at a very healthy pace too.

All signs show that the Walnut Creek real estate market show signs of parity.  It’s good for buyers and sellers.