San Jose, CA (PRWEB) March 09, 2012

First-time homebuyers are finding their dreams of owning a home more realistic than ever. A stronger job market and record-low home prices and mortgage rates have helped increase home sales in the US, showing positive signs for the housing market. AccessBanc Mortgage, a Bay Area mortgage broker that specializes in helping people buy a home for the first time, says based on the steadily low mortgage rates and increasing home affordability, now is the time to buy.

According to data recently released by the National Association of Realtors, home sales rose to their highest level in January and long-term mortgage rates are the lowest they have been since 1971. Home sales increased 4.3 percent in January 2012 to a seasonally adjusted annual rate of 4.57 million. First-time buyers accounted for 33 percent of transactions in January 2012, compared to 29 percent in January 2011. AccessBanc Mortgage wants to help first-time homebuyers take advantage of upward trends like these showing positive signs for the housing market.

Buying a home can be a confusing and frustrating process, especially for a first timer. AccessBanc Mortgage helps simplify this process for first-time homebuyers in the Bay Area by offering specialized first-time buyer programs, which require a smaller down payment and make loan qualification easier. These programs coupled with historically low mortgage rates make buying a home understandable and affordable.

“We realize that everyone’s dream is to get the keys to their first home and we want to be a part of that once-in-a-lifetime moment,” commented AccessBanc Mortgage Principal Greg Erny. “While rates are low, we want to be able to help people take advantage of a great market.”

For those looking to purchase a new home, the steadily low mortgage rates are essential. Home prices are currently low, and with interest rates at unheard-of lows, people may be surprised to discover the kind of home they can now afford.

“Our expert brokers specialize in guiding first-time homebuyers through the entire mortgage process. Call us today for a free consultation,” invited Erny.

Bay Area mortgage broker AccessBanc is a multilingual office centrally located in San Jose. They have achieved Premier Relationship status with many of America’s largest lenders, giving them the ability to source mortgage loans through more than 100 lenders.

For more information about first-time homebuyer programs or any of AccessBanc’s products or services, call them at (855) 262-6302 or visit www.accessbanc.com.

About AccessBanc

AccessBanc is a San Francisco Bay Area mortgage broker committed to offering the most seasoned, professional, and competent loan consulting talent available. Because AccessBanc Loan Consultants enjoy favorable lender terms, use state of the art technology, and apply innovative solutions to knowledgeably work the market, they can offer prospective borrowers extremely competitive mortgage rates and great service.

AccessBanc’s services include: refinance, home purchase, first-time homebuyers, conventional conforming loans, jumbo loans, second/vacation homes, investment/rental properties, pre-qualification and pre-approved letters, and home equity loans / lines of credit. From home finance in Marin to first-time homebuyers in San Jose, AccessBanc’s carefully selected Loan Consultant Team can help Bay Area borrowers find the right loan.

AccessBanc Mortgage is a Real Estate Broker licensed by the California Department of Real Estate, License #00892684. NMLS #311147.

For the original version on PRWeb visit: www.prweb.com/releases/prwebmortgage-brokers/bay-area/prweb9267735.htm

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/03/09/prweb9267735.DTL

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Potrero Launch is slated to be completed
in the third quarter of 2012.

(Mark Your Calendars: RealShare REAL ESTATE 2012, March 22^nd in Los Angeles).

SAN FRANCISCO-Los Angeles-based CityView, a real estate advisory firm founded by former HUD Secretary Henry Cisneros, has just closed on its first asset from the Bay Area Fund. The new $300-million fund will be used to invest in multifamily housing communities in the Bay Area region.

The class A mixed-use asset, called Potrero Launch, is located in the Mission Bay area of San Francisco’s waterfront and is slated to be completed in the third quarter of 2012 with 196 rental apartment units and 28,000 square feet of office and retail space.  

According to Cisneros, executive chairman of CityView, “There is a critical shortage of quality rental properties in the Bay Area. For those who cannot afford the high cost of owning a home in the region, it is imperative that they have access to high quality multifamily housing.”

Tony Cardoza, formerly of Real Estate Capital Partners, has been named as managing director of the Bay Area Fund and David Martin, formerly the founder, chairman and CEO of the Martin Group, and vice chairman of CityView is chairman of the fund’s investment committee. Cardoza and Martin have extensive experience in the Bay Area and collectively have worked on a number of notable projects, such as One Market, 1000 Van Ness, Hamilton Field, EmeryBay, and Downtown Pleasant Hill.

Martin says that “Patrick McNerney, principal of Martin Building Co. and the developer of Potrero Launch, has a long history of building high quality projects in the City.”

McNerney says in a prepared statement that the transaction was “complex” and “took place over a condensed timeframe.”

Cardoza points out that “We’ve raised a significant amount of capital for an area we think is very promising for new construction in the multi-family sector and we intend to continue to seek similar urban, infill development opportunities with strong partners.”

Cisneros adds that “This region is a focus for our equity dollars because of several factors—it’s one of the focal points of the nation’s business and professional services, its artistic and cultural opportunities, its transportation, its educational and scientific talents, and its foreign trade activities. The area is a big draw for people, jobs, and the capital necessary to justify large-scale investments in housing. We certainly hope that more housing options will help ease the high cost of rental housing for Bay Area residents.”

Cardoza tells GlobeSt.com that the amount for Potrero Launch is $437,000 per residential unit. In addition, he says, the project has 20% affordable units reserved for those earning 30% and 50% AMI.

Categories:

West,
Multifamily,
Acquisitions/Dispositions,
San Francisco

Natalie Dolce Natalie Dolce, editor of the West Coast region for GlobeSt.com and Real Estate Forum, is responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, Natalie was Northeast bureau chief, covering New York City for GlobeSt.com. Dolce?s background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats Arthur Frommer?s Budget Travel magazine, FashionLedge.com, Co-Ed magazine, and has also freelanced for a number of publications including MSNBC.com and Museums New York magazine. Contact Natalie Dolce.

Article source: http://www.globest.com/news/12_278/sanfrancisco/multifamily/CityView-Closes-on-First-Asset-from-300M-Fund-318340.html

San Francisco, CA (PRWEB) August 31, 2011

Paige Gienger, a San Francisco real estate agent with Coldwell Banker Residential Brokerage, announces the current market data shows that now may be the right time to purchase real estate properties.

As a premier real estate agent specializing in the San Francisco Bay Area, Paige Gienger’s mission is to provide clients with unparalleled service through all phases of the real estate transaction. Her past experience in market cycles has given her knowledge of the ebb and flow of the real estate market and she believes that now is the right time to buy.

“Now is a great time to explore purchasing real estate, specifically in San Francisco,” said Paige Gienger. “This is because San Francisco is one of five major cities where sale prices of homes expect to raise the second half of 2011. According to Clear Capital’s home data index July forecast. Clear Capital provides financial institutions with real-estate valuation and risk assessment information. San Francisco was less impacted by real estate speculation and where fewer foreclosures occurred. A return to the fundamentals of lending also contributes to a stable housing market.”

The local spring market showed a steady monthly increase in home sales, while year over year data for June reveals the lowest inventory and prices in two years. Historically low mortgage interest rates, rising rental rates and rental demand may make owning a home less expensive than renting.

There are other factors for the rise of San Francisco real estate market that are as a strong. The great Northern California location benefits moderate weather climates, close proximity to recreation, parks, beaches and mountains. The city and the surrounding areas have seen a recent increase in jobs and include top-rated universities and expanding medical centers. The Bay Area economy is enhanced by being a tourist Mecca with a known food and wine culture.

For more information about Paige Gienger, and to view her current listings, call her at 415-692-5623 or visit her on the web at www.ontherightpaige-sf.com.

About Paige Gienger

Born and raised in Mountain View and Los Altos Gienger is a proud life-long resident of the San Francisco Bay Area and is familiarized with all San Francisco’s desirable residential neighborhoods. A San Francisco homeowner and 21 year resident with concern and commitment to the community she serves.

Within the Gienger Family, Real Estate expertise comes naturally. Her mother is a top producing Coldwell Banker Agent. Working in her mother’s thriving business, she rapidly acquired inside knowledge and proven actions for sales success.

Paige’s personable and professional personality is the winning combination that has earned her a stellar reputation during her twelve years of helping clients buy and sell homes. Gienger’s personal philosophy is that customer service and satisfaction always comes first. She ensures an enjoyable real estate experience by incorporating her intimate knowledge of Bay Area communities and attention to detail while navigating through current real estate market hurdles.

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For the original version on PRWeb visit: www.prweb.com/releases/prwebreal-estate-agent/san-francisco/prweb8758532.htm

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/08/31/prweb8758532.DTL