san jose downtown: Retirement May Be Changing What You Need in a Home
- 01/06/22 12:44 PM
The past year and a half brought about significant life changes for many of us. For some, it meant entering retirement earlier than expected. Recent data shows more people retired this year than anticipated. According to the Schwartz Center for Economic Policy Analysis, 2021 saw a retirement boom: “At least 1.7 million more older workers than expected retired due to the pandemic recession.” If you’ve recently retired, your home may not fit your new lifestyle. The good news is, you’ve likely built-up significant equity that can fuel your next move. According to the latest Homeowner Equity Insights report from CoreLogic, homeowners gained more than $50,000 in equity over the … (2 comments)
san jose downtown: Is the Real Estate Market Finally Getting Back to Normal?
- 12/30/21 11:11 PM
The housing market has been anything but normal for the last eleven years. In a normal real estate market, home prices appreciate 3.7% annually. Below, however, are the price swings since 2007 according to the latest Home Price Expectation Survey: After the bubble burst in June 2007, values depreciated 6.1% annually until February 2012. From March 2012 to today, the market has been recovering with values appreciating 6.2% annually. These wild swings in values were caused by abnormal ratios between the available supply of inventory and buyer demand in the market. In a normal market, there would be a 6-month supply of housing inventory. When the market hit its … (4 comments)
san jose downtown: Hate Your New Couch or Paint Color? How To Avoid (or Cope With) Renovation Regret
- 12/29/21 11:29 PM
Confession: All my life, I’ve wanted a chaise lounge. Chalk it up to Barbara Stanwyck and Henry Fonda canoodling on one in “The Lady Eve.” A chaise always seemed like a highly comfortable perch for a grown-up. Plus, it has a chic French name. I eventually bought a chaise … that took up way too much space in my living room and blocked an entry. After all, chaisemeans “long chair.” And yes, that chair was long indeed, as was the lasting sting of my buyer’s remorse. Unfortunately, when you’re faced with a big design decision, this regret will rear its head … (3 comments)
san jose downtown: The Price Is Wrong: Many Underestimate These Home Improvement Costs
- 12/29/21 11:04 PM
First-time homebuyers may assume that once they purchase their home—an expensive feat these days—they are done bleeding money. However, they may not be properly budgeting for common home improvement projects, which can be substantial. Many Americans are underestimating the price of many popular home improvement and maintenance projects, such as installing new windows, doing the landscaping, and painting the interiors, according to a recent HomeAdvisor, powered by Angi, survey. And that’s likely becoming a bigger problem as labor shortages, global supply chain snafus, high inflation, and the rising costs of building materials are delaying projects and causing them to cost significantly … (1 comments)
san jose downtown: Pending Home Sales Slide- Buyers Grow More Cautious About High Prices
- 12/29/21 07:53 PM
The number of home buyers who signed a contract to purchase a home in November declined, as high home prices give buyers pause. Pending home sales decreased 2.2% in November compared with October, the National Association of Realtors reported Wednesday. Economists polled by MarketWatch had projected a 0.8% increase for pending home sales in November. The pending home-sales index gauges real-estate transactions where a contract was signed for a previously-owned home, but the sale has yet to close, and it is benchmarked to contract-signing activity in 2001. The index provides insight into the direction of existing-home sales data will take in the months … (2 comments)
san jose downtown: 5 Haunted Houses You Can Buy Right Now. If You Ain’t Afraid of No Ghosts
- 10/29/21 05:04 PM
Here’s a scary but true real-estate horror story just in time for Halloween: Competition to buy a home has grown so fierce that buyers are struggling to even find “zombie” properties: homes that have been abandoned by their owners during the foreclosure process but are not yet repossessed by lenders. They’re desolate, they’re deserted—and they can be a deal. But they are deadly difficult to find. With a national shortage of homes that has hit critical proportions, we decided to unearth the metropolitan areas with the most vacant zombie homes. These are properties that investors and desperate, cash-strapped buyers may be itching to … (1 comments)
san jose downtown: How to Avoid Buying a Haunted House!
- 10/26/21 11:11 PM
How to Avoid Buying a Haunted House! Know your state’s disclosure laws! The rules on what sellers have to disclose to buyers vary by state—and sometimes even by city. Sometimes you’ll receive the full picture about a house’s history, but there’s also chance you could be left in the dark. A haunted house falls under the category of a stigmatized property. A stigmatized property is home that may be displeasing to buyers for other reasons besides its physical condition. In many states, it’s not mandatory to disclose a stigma like a murder, suicide, or crime—or paranormal activity.
You can check with a real estate attorney in your … (0 comments)
san jose downtown: SJ Downtown inventory update!
- 10/19/21 12:13 PM
It's time for another update on Downtown SJ inventory! This morning downtown area had 57 active condos and townhomes which is again down from week before. There are signs market is slowing down so don't miss your chance! https://search.mlslistings.com/DE.asp?ID=DE-80921687345&eml=em1haGFuQGludGVyby5jb20= In Santa Clara county the medium price for single family home is now $1.4 Million which is an increase of 12%+ year over year. Average price per SqFt is now $929. Do you have any questions? Log in on Thursday 5-6PM via zoom. www.HomeSearchOnMLS.com It's FREE, quick, no pressure and informative. Your biggest investment is worth the attention! … (0 comments)
Whatever your reasons are for taking on a home improvement project, it’s wise to consider how the money you invest will impact your home’s value. We’ve taken a look at popular home renovations and identified those that—on average—have the best and worst returns on investment. So before you lift a hammer or hire a contractor, educate yourself if your remodeling efforts will reward you when it comes time to sell. DM me for more information and list of ideas
RENOVATIONS THAT PAY OFF
(1) Minor Kitchen Remodel The kitchen is often … (2 comments)
san jose downtown: Generation By Generation...
- 01/26/20 12:42 PM
Whether capitalizing on job opportunities, affordability, or warm-weather places to retire, Americans are making moves to these top cities to take advantage of the strength in the current housing market. A strong economy and lower mortgage rates have made it easier for many would-be buyers to get into the market. According to realtor.com, it just depends on which market. To find the top market in our area, let’s get together. #SanJose #SanJosehomes #SanJoseRealEstate #SanJoseRealtor #SanJoseRealEstateAgent #SanJoseCondos #SanJoseHomesForSale #San JoseCondosForSale … (1 comments)
san jose downtown: There’s a Long Line of Buyers Waiting for Your House!
- 01/09/20 06:26 PM
There’s a Long Line of Buyers Waiting for Your House!If you’re following what’s happening in the housing market right now, you know that many people believe the winter months aren’t a good time to sell a home. As realtor.com Senior Economist George Ratiu recently noted,“Sellers tend to be more reluctant to list during the colder time of year when the market typically makes a seasonal slowdown.”However, a recent report by ShowingTime reveals how this year is different. Buyer activity is way up compared to the same time last year. The report explains,“The nation’s 12.6% growth in home showings compared to 2018 … (0 comments)
san jose downtown: Big Demand For Small Homes!
- 01/07/20 04:26 PM
Since 2015, the square footage of newly built houses has been shrinking, according to Yahoo Finances. This is not projected to change as we continue into the beginning of the year. “We expect this downsizing trend to continue in 2020, driven by a confluence of economic and demographic trends.”
Why are smaller homes trending now? As noted in the article, there are a few main reasons for this demand: Many of today’s younger, millennial home buyers have expressed a preference for denser, more urban homes that are more walkable to shared amenities. Today’s older homeowners are expressing a desire for smaller, less maintenance-heavy and more … (1 comments)
san jose downtown: 3 Mistakes to Avoid When Selling a Home in 2020
- 12/23/19 10:27 AM
It’s exciting to put a house on the market and to think about making new memories in new spaces, but we can have deep sentimental attachments to the homes we’re leaving behind, too. Growing emotions can help or hinder a sale, depending on how we manage them. When it comes to the bottom line, homeowners need to know what it takes to avoid costly mistakes. Being mindful of these things and prepared for the process can help you avoid some of the most common mishaps when selling your house. 1. Overpricing Your Home When inventory is low, like it is in the current market, it’s common to think … (1 comments)
I've got great news for your clients who are Veterans about the Blue Water Navy Vietnam Veterans Act of 2019, which was signed into law earlier this year. Effective January 1, 2020: qualified Veterans with full entitlement can now buy homes higher than the conforming loan limits on VA-backed Loans without any down payment. The maximum guaranty for a Veteran with full entitlement will now be 25% of the desired loan amount.
From the U.S. Department of Veterans Affairs’ website: “Veterans will have greater access when using their no-down payment home loan benefit. Veterans seeking … (3 comments)
san jose downtown: We have more homeowners today than ever!
- 11/12/19 10:02 AM
Homeownership Rate Remains on the Rise In the third quarter of 2019, the U.S. homeownership rate rose again, signaling another strong indicator of the current housing market. The U.S. Census Bureau announced, “The homeownership rate of 64.8 percent was not statistically different from the rate in the third quarter 2018 (64.4 percent), but was 0.7 percentage points higher than the rate in the second quarter 2019 (64.1 percent).” Today there is still a lack of inventory, particularly at the entry and middle-level segments of the market, but that is not stopping buyers from making every effort to pursue homeownership. The many financial and non-financial benefits … (0 comments)
san jose downtown: The difference one hour makes...
- 11/02/19 11:57 AM
As most of the world adjusts the clock this Sunday I want to put this 60 minutes in prospective and he difference one hour makes in the Real Estate world... Every Hour in the U.S. Housing market: 614 Homes Are Sold 95 Homes Regain Positive Equity Median Home Values Go Up $1.38 #FallBack #RealEstate #HolidayMarketingProgram #LowInventory #Shine #prepare #Sell #MoveAtYourOwnTerms #LetTalk
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san jose downtown: And it's here, in 27 days!
- 11/02/19 12:05 AM
And November is here! What is next? Yes, it's Thanksgiving! In 27 days! But what if you need to sell your home now? Great news! Inventory is going down and it means your home will have the time to shine and stand out! Today we have 1,208 single family homes for sale and 579 condos and townhomes in the Santa Clara County. Even better news is I have a great Holiday Marketing program which means we can show your home by appointment only and negotiate your move past closing with your full control to pick move out date or extend time … (0 comments)
san jose downtown: Where are we now?
- 10/14/19 10:14 PM
Existing-Home Sales Report Indicates Now Is a Great Time to Sell The best time to sell anything is when demand for that item is high and the supply of that item is limited. The latest Existing-Home Sales Report released by the National Association of Realtors (NAR), reveals that demand for housing continues to be strong, but the supply is struggling to keep pace. With this trend likely continuing throughout 2020, now is a great time to sell your house. THE EXISTING-HOME SALES REPORT The most important data revealed in this report was not actually sales. In reality, it was the inventory of homes for … (2 comments)
san jose downtown: Make it pretty ...
- 10/10/19 09:04 AM
It is so funny, but you should know that I feel a little self-conscious about posting these graphs. They are a fantastic overview in prospective and help us gage, summarize and predict but recently my daughter told me that I need to make my "feed" pretty. What she meant was visually appealing. I suspect she found my statistics and graphs not in that category. :-) So, with that thought I go against the Gen Z advice and visual expectation and provide you with our newest Santa Clara and Santa Cruz stats because knowledge is power and that is acquired beautiful of its … (2 comments)
Many people plan to build their net worth by buying CDs or stocks, or just having a savings account. Recently, however, Economist Jonathan Eggleston and Survey Statistician Donald Hays, both of the U.S. Census Bureau, shared the biggest determinants of wealth,
“The biggest determinants of household wealth [are] owning a home and having a retirement account.” : This does not come as a surprise, as we often mention that homeownership can help you to increase your family’s wealth. “Net worth is an important indicator of economic well-being and provides insights into a household’s economic health.”
The past year and a half brought about significant life changes for many of us. For some, it meant entering retirement earlier than expected. Recent data shows more people retired this year than anticipated. According to the Schwartz Center for Economic Policy Analysis, 2021 saw a retirement boom:
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