homes: San Francisco Bay Area is Nation’s Fastest Selling Housing Market
- 05/18/15 08:18 AM
San Francisco Bay Area house hunters who have been pounding the pavement to get into a home probably won’t be surprised by this news: Bay Area properties are selling faster than anywhere else in the U.S., according to arecent study by Trulia. In one more sign that we’re going through a red-hot seller’s market here, Trulia reported that the San Francisco, San Jose and Oakland metro areas are indeed the three fastest moving markets in the nation. It’s interesting to note that the top five markets are all in California (including San Diego and Orange County), and eight of the top 10 markets … (0 comments)
homes: Median Price of Single-Family Homes in Hayward, CA
- 02/11/15 06:25 AM
The Median sales price of single-family homes in Haywarc, CA ending January 2015 is $442,000 per the market report of Bay East Association of Realtors. There were 57 single-family detached units that were sold in January.
However, as reported by NAR's Real Property Resource as of December 2014, the Median Estimated Home Value is $439, 780. Here are the percentage changes over the preceeding month of November and over the last 12 months, namely: Change over last month: +0.41% Change over last 12 months: +11.08%
Looking at the graph of sales in Hayward … (0 comments)
Here is a video slide of the home - http://2276bentleyridgedrv.cbrb.com/
The home features are 6 fantastic Bedrooms, 5 Baths with large living area of 4,447 sq. ft. on a vast 10,038 sq. ft. lot with spectacular, unobstructed views all around the city - savoring the colorful city lights and valley around. Additionally, it boasts of a beautiful, large swimming pool, large patio, and … (2 comments)
homes: 4 Types of Homes that are UNLIKELY to be put up for sale
- 04/25/14 07:34 AM
Let me cut the excitement why it so. The types of homes that are unlikely to be put for sale: 1. Low Equity Homes 2. Homes with Low Mortgage Rates 3. Homes Purchased or refinanced in the past 7 years 4. Company or investor owned Homes It was reported by Realtormag, see this link - http://realtormag.realtor.org/daily-news/2014/04/25/4-types-homes-wont-sell?om_rid=AAMyLR&om_mid=_BTWq0yB85q1l0U&om_ntype=RMODaily that "more than half of all existing homes are unlikely to be put up for sale anytime soon, unless there are significant changes in the housing market." Citing findings of Redfin, the magazine reported: "1. Low equity: Estimated 19 percent of homes. These are homes where the home owner … (0 comments)
homes: TEN REASONS NOT TO MOVE TO TEXAS ( Go California!)
- 04/22/14 01:55 AM
Just read this article about Texas: - http://marioreyesrealtor.realtytimes.com/consumeradvice/buyersadvice1/item/28392-20140421-ten-reasons-not-move-to-texas, and because of this, I love more California. Please read and the article is informative, writer is knowledgeable. Maybe the writer is from Texas.
1. There are no State income taxes. This means less government employees and retirement dollars for their pensions. If you are the civil service type, this state is not for you. 2. There is a lot of open spaces and clean air. If you are worried about UVA rays, you will obviously want to stay where there is smog to block out the sun. 3. There are over 50 billionaires in Texas. How … (2 comments)
homes: 8 Countries Where There's a Rush for U.S. Real Estate
- 04/15/14 07:12 AM
We know for a fact that there is low inventory of homes to be bought for the reasons that there are almost no new subdivision developments and financing is hard to get. Now, add to these reasons the foreign nationals who come here and invest by being active participants in the real estate business. Per RealtorMag, these countries exhibited highest interest in purchasing US Real Estate. http://realtormag.realtor.org/daily-news/2014/04/15/8-countries-where-theres-rush-for-us-real-estate?om_rid=AAMyLR&om_mid=_BTTYjCB85dQu1U&om_ntype=RMODaily
1. United Arab Emirates Growth in prospective home buyers: 352.2% Share of international prospective buyers: 1.1% (12th highest) 2. Switzerland Growth in prospective home buyers: 269.7% Share of international prospective buyers: 2.1% (8th highest) 3. … (1 comments)
homes: Silicon Valley Dominates Top Luxury Market List
- 04/07/14 03:30 AM
As reported in REALTORMAG, the national magazine of the National Association of Realtors, the dominating performance of Silicon Valley in the Luxury Market is shown when out of twelve (12) locations - "Silicon Valley is home to three of the top nation’s top five luxury markets, according to an index by Coldwell Banker Previews International, which ranks markets by average sale price gains and the sales volume of luxury homes." The cities per this link based on the Coldwell Banker data - http://realtormag.realtor.org/daily-news/2014/04/04/silicon-valley-dominates-top-luxury-market-list Woodside, Calif. Bal Harbour, Fla. Portola Valley, Calif. Hillsborough, Calif. Thousand Oaks, Calif. Glenbrook, Nev. Arcadia, Calif. Southport, Conn. Incline … (0 comments)
Woodside, Calif., is one of the hottest real estate markets. This home is currently for sale there for $12.5 million. It seems that with the growth of the tech firms and advances in technology, the Silicon Valley attracts people with good paying jobs to stay in Silicon Valley. Where the work is, the home should be where it is. Logical and natural thing to do. Per report of Robert Frank - "The tech boom is turning Silicon Valley dirt into gold." Mr. Frank based his report from … (6 comments)
homes: 10 SMALL CITIES THAT ARE BIG ON AFFORDABILITY
- 03/17/14 02:57 AM
With the low inventory of houses for sale in the San Francisco Bay Area that is fueling the rising prices of homes, it is a welcome information that elsewhere in the country there are cities with affordable housing. Per CNN Money report, these are the cities: 1. Kokomo, Indiana 2. Springfield, Ohio 3. Monroe, Michigan 4. Vineland, New Jersey 5. Cumberland, Maryland 6. Davenport, Iowa 7. Lima, Ohio 8. Bay City, Michigan 9. Fairbanks, Alaska 10. Mansfield, Ohio Further it states: "Kokomo, Indiana, tops the list with a population of just over 80,000. The median home price is $85,000 and the median income is $60,100. The percent of homes sold … (2 comments)
homes: How Californians Finance Their Homes
- 03/13/14 03:40 PM
As per the below infographic/image from the California Association of Realtors' website, the following interesting data appear: In 2013, majority of Californians preferred 30-year fixed rate rate than other financing options; 91% of Californians financed their homes in 2013; 25% is the average down payment; 91% of the Buyers obtained a fixed rate loan; 85% of the Buyers obtained a 30-year loan; and 83% of the Buyers had not problem with their appraisal. The preference for fixed rate indicates that Californians prefer stability … (3 comments)
homes: Good news! Homeowners having equity!
- 03/07/14 07:26 AM
4 Million Homes Return to Positive Equity Five states alone account for nearly 37 percent of the negative equity in the U.S. CoreLogic reports that the following five states have the highest percentage of mortgaged properties in negative equity: Nevada: 30.4% Florida: 28.1% Arizona: 21.5% Ohio: 19% Illinois: 18.7% Rising home prices helped many home owners welcome the return of equity in their homes last year. In 2013, 4 million homes returned to positive equity, bringing the total to 42.7 million, CoreLogic reports in its fourth quarter 2013 Equity Report. Of the 42.7 million residential properties that now have positive equity, … (0 comments)
homes: Best and the Worst Performing Housing Markets
- 02/05/14 03:34 AM
Here is the latest listing of the Best and the Worst Performing Housing Markets in the USA. Surprisingly, or not, California has 6 areas of out 10 which are the best markets and they are all located in the Southern portion of California. "Southern California" usually refers to the ten southern-most counties of the state. This definition coincides neatly with the county lines at 35° 47′ 28″ north latitude, which form the northern borders of San Luis Obispo, Kern, and San Bernardino counties. Another definition for southern California uses Point Conception and the Tehachapi Mountains as the northern boundary." (Wikipedia)
The Best in the list are as follows: … (2 comments)
homes: Top 20 U.S. Cities With Highest Household Incomes
- 02/04/14 01:03 PM
I am surprised that 3 cities from California are in the Top 5. This is an interesting list in this time when economy is rising from the depth of 2008 recession. http://www.househunt.com/highest-income-cities/ … (2 comments)
homes: 10 States With the Most Millionaires
- 01/30/14 07:08 AM
If you are wondering where millionaires are, and where they "gravitate," here is a nice article to read: http://realtormag.realtor.org/daily-news/2014/01/28/10-states-most-millionaires?om_rid=AAMyLR&om_mid=_BS6BpXB838Asq2&om_ntype=RMODaily Where do home buyers have the most to spend on housing? CNNMoney recently highlighted a map that shows which states millionaires gravitate to the most. Here are the 10 states that boasted the highest number of millionaires, along with the ratio of millionaires to households in each state:
Maryland: 7.70% New Jersey: 7.49% Connecticut: 7.32% Hawaii: 7.18% Alaska: 6.75% Massachusetts: 6.73% Virginia: 6.64% New Hampshire: 6.48% Delaware: 6.20% California: 6.04% The state with the least number of millionaires? Mississippi.
… (6 comments)
homes: The 5 Worst Things You Can Do Before Buying a Home
- 01/29/14 12:10 PM
Here is a good article about what buyers do pending the close of escrow. Cynics may scoff, but getting under contract on the right home can turn even the most stoic shopper into a bit of a dreamer. From paint colors to planting a garden, picturing yourself in that property is critical for many buyers.
http://www.realtor.com/advice/the-worst-things-you-can-do-before-buying-a-home/#.UunNx_RDt8E 1. Go Credit-Crazy 2. Shuffle Dollars and Cents 3. Get Behind on Bills 4. Co-Sign on a Loan 5. Changes in Employment … (4 comments)
homes: Median prices in California by County
- 01/27/14 12:35 PM
Just to share the varied median prices here in California. Looking at the numbers, California is slowly regaining market stability.
… (4 comments)
homes: "Cash is King"
- 01/24/14 12:05 PM
"Cash is King," this is how my manager described those buyers who pay in cash. With the present low inventory of houses across the country, paying in cash by the affluent seems unfair to those availing of financing with a meager down payment.
I am not surprised if this trend continues because the prices of homes are truly bargains when compared to the prices before the housing meltdown. For me, I will buy in CASH next time...................that is, if I win the Lotto. :) http://www.nbcnews.com/business/all-cash-offers-crushing-first-time-homebuyers-2D11980306
… (6 comments)
homes: The most overvalued housing market in America
- 01/21/14 06:29 AM
San Francisco in the news. Nice article and I wish to share this with the readers. Overvalued? I do not think so. San Francisco and the rest of the Bay Area are recovering from housing slump. http://www.housingwire.com/articles/28663-the-most-overvalued-housing-market-in-america
… (2 comments)
homes: Study Finds Real Estate Pros Are True to Their Occupational Creed
- 01/18/14 11:55 AM
As per report: real estate agents own homes as compared to other professionals and the national average. "84.5 percent of real estate agents owned their own homes during the 2007-2012 period. By comparison, the homeownership rate for people in other professions and in the same age and income demographic as the agent population observed was 80 percent. The national average for homeownership across all ages, incomes, and occupations stood at 70.1 percent over the time period studied." This is the logical result. Real estate agents are immersed everyday about home ownership for their clients and it stands to reason that they … (4 comments)
homes: 2014 - Year of the Deer...oops...the year of the Horse.
- 01/09/14 02:31 AM
Believe me there were 3 Deer barely 12 feet before us! Yes that is true, for a Realtor does not lie. Here is the picture of the third and last deer. It was the smallest one so it could be the fawn. This happened while I was showing the property to my client in Castro Valley, California. It was a fleeting moment when the first one appeared - the biggest one and could be the stag - towing two more behind, then a smaller one that could be the doe (I learned that from the Julie Andrews), and then this smallest … (2 comments)
San Francisco Bay Area house hunters who have been pounding the pavement to get into a home probably won’t be surprised by this news: Bay Area properties are selling faster than anywhere else in the U.S., according to arecent study by Trulia.
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