How Are The Fires Affecting The Real Estate Market ?

How Are The Fires Affecting The Real Estate Market ?

With so many of our communities and neighbors negatively affected by the fires - a real estate report seems trivial. But we have clients still trying to make buying and selling decisions, so we will try to continue to deliver straightforward data on market conditions.

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Homes Are More Affordable Right Now Than They Have Been in Years

Homes Are More Affordable Right Now Than They Have Been in Years

Today, home prices are appreciating. When we hear prices are going up, it’s normal to think a home will cost more as the trend continues. The way the housing market is positioned today, however, low mortgage rates are actually making homes more affordable, even as prices rise.

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Why Homeowners Have Great Selling Power Today

Why Homeowners Have Great Selling Power Today

We’re sitting in an optimal moment in time for homeowners who are ready to sell their houses and make a move this year. Today’s homeowners are, on average, staying in their homes longer than they used to, and this is one factor driving increased homeowner equity. When equity grows, selling a house becomes increasingly desirable. Here’s a breakdown of why it’s a great time to capitalize on equity gain in today’s market.

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Mortgage Rates Hit Record Lows for Three Consecutive Weeks

Mortgage Rates Hit Record Lows for Three Consecutive Weeks

Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971

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6 Things You Must Know Before You Buy a Home

6 Things You Must Know Before You Buy a Home

There are 6 common mistakes that many homebuyers make when it comes to their mortgage that can have a significant impact on the outcome of this critical step. If handled correctly, these issues could result in a mortgage that will cost you less over a shorter period of time. 

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Market Cycles in Bay Area Real Estate and The Coronavirus

Market Cycles  in Bay Area Real Estate and The Coronavirus

This article was written before the coronavirus – in fact, the first version was written over 10 years ago by our chief market analyst to help place the 2008 crash into context. We realize there are much more important things than real estate right now, but since some of our clients are trying to make decisions about buying and selling, we will continue to try to provide useful information on market trends and conditions. At this point, we cannot know how the current crisis will play out. 

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