The Tea Party of El Dorado Hills

Ihave been to many town hall meetings lately...glad to finally see a few more of our County residents gettin out to make it to these important meetings. THis past Wednesday, more than 600 of us convened at Oak Ridge high to hear what a few of the Politicians had to say....Carly sure gave the crowd
alot to clap about...is she the right one to replace Barbara Boxer? Chuck De Vore made the crowd roar once or twice too...

Let's start a pole-what do you think?
Wendi-Mae Davis, CRS, GRI, Broker Associate Connect Realty.com, INC. Real Estate Counselor http://www.wendimae.com/ wendimae@wendimae.com Toll Free 866-333-6333 or 916-616-0874 Direct. I want to hear from you!

The Cost Gap Narrows

Thinking of buying a home? Consider this: The gap between monthly rents and mortgage payments is at its lowest level in almost 20 years.
In some markets, the difference can be less than $100, according to a national study conducted for The Associated Press by Marcus & Millichap Real Estate Investment Services.
The study, part of a week-long look at homeownership by the AP, found years of falling home prices and low interest rates have created the ultimate buyer's market. But while buying a home is more affordable, it isn't necessarily easier.
Tougher lending standards have made it harder to qualify for a home loan, and unemployment is at 9.7 percent. Tax incentives for homebuyers will expire April 30, and interest rates are expected to increase this year.
"Statistically, it's a great time to buy," said Hessam Nadji, managing director of Marcus & Millichap. "Psychologically, the consumer doesn't feel like it's a great time to buy."
The analysis of 45 metro areas found the difference between the monthly mortgage payment on a median-priced home and the median rent is down to $256. The last time that gap was anywhere near that small was in 1993 when it fell to $264, according to the study.
Marcus & Millichap used median prices for the last three months of 2009 and calculated mortgage payments by assuming a 10 percent down payment and a 30-year fixed loan at 5.07 percent, among other factors. It also assumed borrowers.

Let Wendi-Mae Davis, CRS, GRI Resident Realtor for Connect Realty.com, INC., be your resource-phone us today Toll Free 866-333-6333 or direct at 916-616-0874 also wendimae@wendimae.com or check out her personal website at: http://www.wendimae.com/