selling homes: San Jose Market & Prop. 19 Update
- 02/27/21 12:07 PM
It's a seller's market with appreciation, low inventory, historically low rates and the California passage of Proposition 19! Have you considered relocating? Beach, mountains, lake? With the passage of Proposition 19 here in California, homeowners 55 and older will be able to carry their current tax base to any principal home purchase in California! Buyers, this spring is sure to be a great time to buy with the combination of historically low rates and the implementation of Proposition 19 freeing up more California homes to purchase! Contact me today at 408-591-7778 to discuss your real estate plans. … (1 comments)
selling homes: Waiting to Buy, How Soon Do Homes Sell and Market Snapshots
- 05/07/18 12:40 PM
National home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price, but instead about the ‘long-term cost’ of the home. The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase by this time next year. According to CoreLogic’s most recent Home Price Index Report, home prices will appreciate by 5.2% over the next 12 months. What Does This Mean … (0 comments)
selling homes: Weighing in on Mortgage Debt Then and Now
- 04/19/18 10:37 AM
Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes with larger mortgages. At the same time, first-time buyers have become homeowners and now have mortgage payments for the first time. These developments have caused concern that families might be reaching unsustainable levels of mortgage debt. Some are worried that we may be repeating a behavior that helped precipitate the housing crash ten years ago. Today, we want to assure everyone that this is not the case. Here is a graph created … (1 comments)
It's a seller's market with appreciation, low inventory, historically low rates and the California passage of Proposition 19! Have you considered relocating? Beach, mountains, lake? With the passage of Proposition 19 here in California, homeowners 55 and older will be able to carry their current tax base to any principal home purchase in California! Buyers, this spring is sure to be a great time to buy with the combination of historically low rates and the implementation of Proposition 19 freeing up more California homes to purchase! Contact me today at 408-591-7778 to discuss your real estate plans. … (1 comments)
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