Yahoo News Release

Surprise Home Sales Rise, Oil Pullback Boost Shares

By Kristina Cooke        Tuesday May 27, 2008
 

NEW YORK (Reuters) – Stocks rose on Tuesday, helped by an unexpected rise in new home sales last month and a pullback in oil’s price, which boosted airlines and other energy-sensitive sectors.

Crude oil futures fell more than $2 to below $130 a brrel. An index of airline shares, which were battered in the market’s worst week in 3 months last week, rose 3 percent.

Retailers also bounced back as oil’s retreat eased concerns about the impact of higher fuel costs on consumer spending. The Dow Jones home construction index .D jumped 2.3 percent after data showed a rise in April new home sales.

It was the first increase in new home sales since October. Home Depot Inc, the world’s biggest home improvement retailer, was the second-biggest percentage gainer on the Dow. . . . .

Central Valley Upcoming Events

 

C A R R I E   U N D E R W O O D

Former “American Idol” turned country sensation is known for
All- American genre-bending songs like “You Don’t Know”.

AEG LIVE PRESENTS CARRIE UNDERWOOD
PRESENTED BY VITAMINWATER
SAVEMART CENTER – FRESNO
WED MAY 28, 2009 7:30 PM
FOR MORE INFO GO TO TICKET MASTER.COM

                  

WELCOME HOME MEMORIAL COMMEMORATION

People will honor those how have served the United States Military at the Welcome  Homes Heroes Memorial Commemoration
on May 23, 24 and 25.

 

The weekend of events featuring musical performances, aircraft flyovers, military hardware display and fireworks will be the First Assembly
of God Church on 486 Button Ave. in Manteca.

 

The Traveling Tribute includes the names of more than 4,000 men and women who have died in the war since Sept 11, 2001, will be dedicated

at 4 p.m. on Saturday as a vintage aircraft flies above.

 

Admission is free. For more information call 239-1371
or visit www.thememorialweekend.com.

Bank Owned Real Estate Specials

Our real estate market has many bank owned listings with tremendous savings.  Bank owned listings are often priced below market because the lenders price their listings with the hope of a quick sale.

Go to http://carolperdew.com/index.php/page/bank- to view top bank owned real estate specials throughout the Central Valley. Check out real estate information at www.CentralValleyHomes.com

Central Valley May Events

Third Annual Job Fair

The Lathrop Chamber of Commerce will host the third annual Job Fair on May 21^st from 10 a.m. to 3 p.m. at the University of Phoenix Lathrop Learning Center, 1700 S Harlan Road.

 

This event gives the attendees the opportunity to meet with many employees from Lathrop and the surrounding area. Job workshops will also be available.For more information call Susan Frederick 858-0298, ext. 61511 and Suzanne Roberts-Clemens, (209) 815-7039. 

 

Goodwill Offers Recycling

San Joaquin County Businesses are invited to take advantage of Goodwill’s free electronic recycling program.Recyclable materials include computers, monitors, phones, faxes and printers. Free pick-up can be arranged for large quantities. Quantities can be dropped off at any Goodwill location. 

 

County Offers HIV Testing
San Joaquin County Public Health Services Department offers free HIV testing Monday through Friday at 1601 E. Hazelton Ave. in Stockton. Anonymous and confidential testing is available. For more information call 468-3820. 

 

View article “What You Should Know Before Buying a Home?” at www.CentralValleyHomes.com.

Eight Reasons for Buyer’s Optimism

1. Low prices help first time homebuyers to find affordable homes.
2. Sellers are willing to help with buyer’s closing costs.
3. Home prices allow for mortgages at nearly the same amount as rent.
4. New Home Builders are willing to negotiate on price and terms.
5. REOs, foreclosures and short sales are often priced below market.
6. Great opportunities are available for investors.
7. Reasonable asking prices help investor’s rent cover their mortgage.
8. Available inventory of homes is decreasing so now is the time to buy.

For more real information go to wwwCentralValleyHomes.com or call Carol Perdew at (209) 239-7979.

Don’t Buy a Home Without an Inspection

Buying a home is a big financial decision and the last thing you want is an expensive surprise. But since most homebuyers spend all the money they have buying their home, they do not plan for any unexpected repairs and maintenance.

 

This is why it is so important to have a professional home inspector do a Home Inspection when you are buying a home. A home inspection takes two to three hours depending on the size of the home and complexity of problems. Home inspectors check over interior and exterior of the home and inspect the home from top to bottom.

 

Repairs can be costly if you have to replace an appliance, replace a heater or repair an electrical problem. The worst thing to face after moving into your new home is unexpected costly repairs.  Even small repairs can be challenging in a buyer’s financial security.

 

Purchase contracts can be written to allow an inspection contingency that gives the buyer the right to have a home inspector examine the property within a certain time period after the contract has been accepted. This allows a buyer to have any inspections determined to be necessary.

 

The contingency protects a buyer from purchasing a home that has serious problems or material defects. If you have a home inspection contingency in your purchase contract and find something extremely wrong with the home, you can choose to walk away from the transaction.

 

A home inspector may recommend additional inspections on the home inspection report. An inspection contingency in your contract allows you

to have other inspections you may choose to have including a pest, roof, fireplace, pool, well, septic, lead, mold and structural engineer.

 

Your contingency must be in writing and allow you to cancel the transaction if the property fails to pass inspection and get your good

faith deposit back. Don’t be too quick to back out because seller may

be willing to make repairs to correct problems.

Search for homes at www.MantecaRealEstate.com or call Carol Perdew at (209) 239-7979.

 

Your Central Valley Real Estate Specialist

SEARCH FOR HOMES AT www.CentralValleyHomes.com