silicon valley: 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)
silicon valley: 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)
silicon valley: 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)
The economists at CoreLogic recently released a special report entitled, Evaluating the Housing Market Since the Great Recession. The goal of the report was to look at economic recovery since the Great Recession of December 2007 through June 2009. One of the key indicators used in the report to determine the health of the housing market was home price appreciation. CoreLogic focused on appreciation from December 2012 to December 2017 to show how prices over the last five years have fared. Frank Nothaft, Chief Economist at CoreLogic, commented on the importance of breaking out the data by state, “Homeowners in the United States experienced a run-up in … (0 comments)
This is website is a great resource and is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
Please click on this link to view the Housing Trends January 2018 Newsletter http://sanjose.housingtrendsenewsletter.com
The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.
Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by … (1 comments)
silicon valley: Stunning and Rare Campbell Home on Los Gatos Border
- 09/12/17 01:54 PM
Know someone searching for a tasteful, luxurious home in the heart of Silicon Valley? Please share this one of a kind home with them or anyone else you know who might be searching for a home here.
www.1362StevensCourt.com
Inventory continues to drop here! There are only 682 available single family homes in Santa Clara County and 354 single family homes in San Mateo County.
The Perfect Opportunity to Own a Stunning Home in The Heart of Silicon Valley. Situated on a Large Lot on One of The Quietest, Tree-Lined Streets in Campbell,This Single Story Home Is Ready For Your Living and Entertainment … (7 comments)
Supply and demand. Thinking of selling? It's in your favor. I'm never too busy for your Silicon Valley real estate needs and referrals! Buyer Demand Continues to Outpace the Supply of Homes for Sale The National Association of REALTORS’ (NAR) Chief Economist Lawrence Yun recently commented on the inventory: “Last month’s dip in closings was somewhat expected given that there was such a strong sales increase in March at 4.2 percent, and new and existing inventory is not keeping up with the fast pace homes are coming off the market. Demand is easily outstripping supply in most of the country and it’s stymieing many prospective buyers … (0 comments)
Buyers in a position to purchase a home are encouraged to do so soon as rates, although historically still low, are expected to continue rising this year. Sellers as always are encouraged to put their home on the market before the official spring selling season begins and their is more competition.
For detailed reports in our market, other counties and individual cities, visit my Market Stats page.
I'm never too busy to assist you with all your Silicon Valley real estate needs, and am never too busy for your referrals!
Carole Rodoni, noted Bay Area real estate and economy expert spoke at our meeting on Tuesday and addressed many issues, including what she calls our grass roots political and economical revolution. Some notes are below....
She believes the new administration will begin changes first with infrastructure, second with trade, and third with immigration laws. Rates will no longer be going down, only up in increments. However they are still relatively low, particularly considering that they have averaged around 7% over the last 30 years. The Bay Area economy tops the state and rest of the US, and has increase4d by 8.9% between 2014-2015 alone. You may find … (4 comments)
Curious about the San Jose market? Check out the link below for a brief one page report. Contact me for more detailed information on specific areas or other cities. http://vid.us/4h81om
I'm never too busy for your referrals! … (3 comments)
Back on the Market and Price Reduced $70,000! 4 Bedrooms, 2 Baths, 1,557 sf+ Know anyone looking for a fabulous home in San Jose? Don't miss this gorgeous, updated home with an open floor plan and natural light. Additional bonus room makes this home a great value! Entertain your guests under your shaded pergola and have a pool party! Walk to Bill's Cafe, Starbucks, Subway and schools. Just minutes to restaurants, shopping, and easy access to public transportation. Open Saturday, July 23rd from 1-4, Sunday July 24th 1-4 Offered at $910,000
Price Reduced! 4 Bedrooms, 2 Baths, 1,557 sf+ Know anyone looking for an adorable home in San Jose? Don't miss this beautiful, updated home with an open floor plan and natural light. Additional bonus room makes this home a great value! Walk to Bill's Cafe, Starbucks, Subway and schools. Just minutes to restaurants, shopping, and easy access to public transportation. Open this Sunday, July 17th from 1:30-4:30
Virtual Tour … (4 comments)
silicon valley: Super Bowl, Data & Traffic Jams?
- 02/01/16 03:27 PM
What do these things have in common? They all effect the value of your home or have an effect on the purchase of your home. There are many other factors as well.
If you're in the market to buy or sell here in Silicon Valley,
Area In Depth Market Reports, Such as This One for Silicon Valley Why Listing Your Home in Winter is Better Than Spring Why You Should Purchase a Home Sooner Rather Than Later This Year Current National and Local Housing Trends If you're in the Bay Area this weekend-be forewarned-it will take you much longer to get from here to there!
One … (0 comments)
silicon valley: Don't Miss This Santa Teresa Charmer
- 09/24/15 05:00 AM
Now available! This adorable Santa Teresa home has a bright, cheery and open floor plan. Beautiful kitchen with granite slab counters, separate dining room with bay window and french doors, large, living room window overlooks on your landscaped yard with mature trees.Spacious backyard has a deck and dog run. Hardwood and tile flooring and move-in ready Easy access to public transit and freeways, located minutes from shopping, restaurants, nearby foothills, and the popular Village Oaks Shopping Center.
Do you know anyone that is facing some difficult decisions with their living arrangements with their parents or themselves? We have assisted many families in trying times and are here to help.
As Seniors Real Estate Specialists, our team is experienced and knowledgeable in meeting your specific needs. And that can make all the difference in the world. Moving can be very stressful and overwhelming, particlarly for seniors and their families. We assist seniors and their families with their personal downsizing or aging-in-place needs in the sensitive and caring manner needed to transition durng these difficult changes. We are accustomed to working … (0 comments)
silicon valley: Is My Home Really Worth What Zillow Says?
- 09/09/14 10:48 AM
As discussed, if a range from $618,000 to $1M on various online sites does not seem like a gamble, by all means use them. Of course it is preferable to put your biggest asset in the hands of a professional. Just be cautious and take their data with a grain of salt so to speak.
Lisa Wiseman Realtor®, SRES®, CDPE®, Relocation Specialist A Silicon Valley Native You Can Trust... Intero Real Estate Services, A Berkshire Hathaway Affiliate #01505493 lwiseman@interorealestate.com (408) 591-7778 How's the Market?
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“May your walls know joy, may every room hold laughter, and every window open to great possibility.” -Mary Anne Radmacher … (6 comments)
silicon valley: Affordable, Charming and Centrally Located San Jose Home
- 04/16/14 03:55 PM
Beautiful, well-cared for unit with many upgrades. Granite, new flooring, dual pane windows, inside laundry, patio and 2 car attached garage with ample storage space. Great complex with many amenities and low fees. This bright and cheery home is ideal for first time home buyers, families or singles. Only minutes to The Plant, downtown San Jose, Willow Glen, highways and transportation. This complex is currently in the process of being FHA approved. Great opportunity for first time home buyers, familes and singles! Click here for more photos. OPEN HOUSE: Saturday, April 19th and Saturday April 20th from 1:00-4:00PM
Lisa A. … (0 comments)
silicon valley: Want Some Detailed Info on The Silicon Valley Market?
- 06/25/12 01:45 PM
Current and detailed updates on local mortgage rates, refis, housing, employment and foreclosures are available atSan Jose and Silicon Valley Housing Trends. If you have been following the market at all, here in Silicon Valley we are experiencing very low inventory,job growth and multiple offers over asking. Your basic supply and demand, coupled with job growth is a positivesign for our communities! … (2 comments)
silicon valley: Sillicon Valley Population Boom Collides With Mega-Center?
- 04/02/12 04:26 AM
So we are expecting a population boom here in the valley (see my previous post), and yet the San Jose City Council approves the mega-retail center at one of the busiest intersections in the valley. Amazing, no? … (1 comments)
silicon valley: Looks Like Our Valley Needs More Homes...
- 04/02/12 04:08 AM
We are experiencing a high tech and bio tech boom, as well as a seller's market here in Silicon Valley, and nowregional planners are projecting that we will have further growth. Good news for our area.View the article here. … (0 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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