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East Bay Real Estate: Home Value Estimate Websites Creating False Expectations!
Have you ever checked out your home’s estimated value on Zillow.com, Trulia.com, Homes.com and many others? Have you been shocked by what one of these sites estimates as to your home’s current value? My guess is your answer is YES. And, millions of other visitors are having the same reaction. The challenge you are having as a home seller is that potential Buyers for your home are also... [Read more]
East Bay Real Estate: New Home Designs Dramatically Changing!
Have you ever thought about the wasted space in your formal living room that no one ever occupies? Well, new home builders are answering the question for you with dramatically different home designs. With these newly designed homes, gone are the formal living room and formal dining room, the two story entryway, bonus rooms, and the second staircases. No more McMansions built during the housing... [Read more]
East Bay Real Estate: 4th Quarter Is The Best Time To Sell Or Buy Bay Area Homes!
Myth: The 4th quarter in East Bay real estate is the slowest quarter of the year for home sales. Truth: Out of the past 30 years of selling East Bay homes, the 4th quarter has been our top home sales quarter more than 50% of those years! So, we love it when we hear other Realtors saying they are taking time off in the 4th quarter because real estate sales are so slow. It obviously has not been our... [Read more]
East Bay Real Estate: Home Appraisal – Top 7 Actions For You To Take!
Never in my decades of practicing residential real estate have I witnessed home values being 100% determined by appraisers! They are now the key to having the purchase of a home or the refinancing of a mortgage is successful or not, especially with the conforming loan limits changed as of October 1, 2011. As a consumer you may not fully understand this topic, however as a Seller or a Buyer it will... [Read more]
East Bay Real Estate: Home Loan Refinance Crisis – Difficult To Get A Loan!
One of the four economic factors to watch in your local markets is the availability of mortgages for home refinancing. With interest rates at their lowest levels in 40 years one would imagine that the major lenders would be very busy right now with refinancing home loans. And, if loans were being made available to all qualified refinance borrowers it would certainly help our nation’s economy. ... [Read more]
East Bay Real Estate: New Home Sales – Key Indicator Of Real Estate’s Health!
New home sales is one of the four key indicators for the health of Bay Area real estate we are watching. As you have heard many times in the media the past four years, new home sales are now the lowest since record keeping began in 1963! It is expected there will be only 300,000 new home sales per month in 2011 nationally! In a healthy robust real estate market that number is in the 500,000+... [Read more]
East Bay Real Estate: Four Factors To Watch Through 2015!
Yes, we all know our National and Global economies are a mess with few solutions left to easily resolve them. And, we know that Housing has been the economic engine that has taken us out of past recessions. And, we all know that the San Francisco Bay Area housing is about as good as it gets compared to the other 19 major markets in our country. And…we still have at least four years to go to... [Read more]
East Bay Real Estate: Wine & Equine Event – Wente Winery Supports SonRise Equestrian!
This Friday night, September 16th, enjoy a fabulous three course dinner from the award winning Wente Restaurant at the “Wine & Equine Event” at Wente Vineyards. There will also be dancing under the stars to the Jack Pollard Band, and a very fun auction. The “Wine & Equine Event” is the biggest fundraiser of the year for Sonrise Equestrian Foundation, a non-profit 501(C)(3) community... [Read more]
East Bay Real Estate: Impact Of Lowering Conforming Loan Limits October 1st!
On October 1, 2011 the Conforming Loan Limits change from $729,000 to $625,000, given a lack of any changes in the implementation of current Freddie Mac and Fannie Mae regulations! The expectation is that this one change in the Conforming Loan limits will move up to 300,000 Buyers out of the home market with homes priced in the $800,000 and above according to the study by the Economics and Housing... [Read more]
East Bay Real Estate: 4-Topics For Buyers/Sellers To Consider After The S&P Downgrade To AA+
There is no denying the financial mess that S&P has caused by downgrading our Nation’s economy to AA+. And, there is no way to sugar coat what is happening with the sell-off of the Dow Jones Industrials today, dropping over 5% of its value to 10,800 – the lowest the Dow has been since 2008. The question is, “What does this mean for Buyers and Sellers in the East Bay real estate markets?” The... [Read more]
