What Are the Experts Saying about Mortgage Rates?

What Are the Experts Saying about Mortgage Rates?

Mortgage interest rates have risen over the last few months and projections are that they will continue their upswing throughout 2017. What impact will this have on the housing market? Here is what the experts are saying: Laurie Goodman, Co-director of the Urban Institute’s Housing Finance Policy Center: “In 1984, 1994, 2000, and 2013, every […]

Read More →

Why developers Steadfast Senior Living and Community Development Partners are building 300 units of senior housing in Morgan Hill – Silicon Valley Business Journal

Why developers Steadfast Senior Living and Community Development Partners are building 300 units of senior housing in Morgan Hill – Silicon Valley Business Journal

The project, which sits at the intersection of Butterfield Boulevard and San Pedro Avenue, at 16505 Butterfield Blvd, is next to a 250-plus unit senior housing complex by another developer, Community Development Partners.

Sourced through Scoop.it from: www.bizjournals.com

We need more of these communities.  For families that want to stay in the Bay Area, we need to accommodate all ages.

Read More →

It's a Seller's Market! Should I Downsize Now?

It's a Seller's Market! Should I Downsize Now?

A study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their houses in the near future are planning to scale down. Let’s look at a few reasons why this might make sense for many homeowners, as the majority of the country is currently experiencing a seller’s market. In a blog, Dave Ramsey, the financial […]

Read More →

Nashville, San Francisco, San Jose Rents Continue Downward Trend; Southern Cities Reign Most Affordable

Nashville, San Francisco, San Jose Rents Continue Downward Trend; Southern Cities Reign Most Affordable

“San Jose experienced a about a 1% drop in rental rates and San Francisco, though still boasting one of the nation’s highest rents, saw the biggest y-o-y rent drop in the nation for February, decreasing 3% over the year.”  Information from the great folks at RENTCafe.com

Sourced through Scoop.it from: www.rentcafe.com

San Jose singe family home and condo/townhome rentals are definitely feeling the squeeze.  This is partly due to the increased number of apartment rentals coming on the market in 2016.  It will be interesting to see if this trends triggers some investors to sell their rental properties.  Not necessarily because of a 1% drop but equally, many bought with the strategy at selling higher.  Since it is still a seller’s market in San Jose, it will be interesting to see if any investors start selling. This will help the number of homes for sale in the coming months.

Read More →

Home Renovations That Can Hurt (and Help) Property Value

Home Renovations That Can Hurt (and Help) Property Value

The best remodels will increase both quality of life and listing price, so take care to invest in projects that will net the biggest returns.

Sourced through Scoop.it from: blog.rismedia.com

A great article to read and keep! 

Read More →

VTA releases massively redrawn bus routes for public comment – Silicon Valley Business Journal

VTA releases massively redrawn bus routes for public comment – Silicon Valley Business Journal

Walker said, the number of county residents within a half-mile of a bus stop with service every 15 minutes or less would increase by 17 percent and the number of jobs within a half-mile of such frequent service would increase by 27 percent under the 85-15 plan. Only one percent of current transit riders would get less overall transit access and overall frequency would increase including weekends, he said.

Sourced through Scoop.it from: www.bizjournals.com

Will VTA be able to get it together?   Time for public comments.

 

“Walker said, the number of county residents within a half-mile of a bus stop with service every 15 minutes or less would increase by 17 percent and the number of jobs within a half-mile of such frequent service would increase by 27 percent under the 85-15 plan. Only one percent of current transit riders would get less overall transit access and overall frequency would increase including weekends, he said.”

Read More →

21 Amazing Off-the-Grid Houses

21 Amazing Off-the-Grid Houses

“Real talk: Between diminishing stores and oil wars, fossil fuel-dependance is officially a bad deal. In the future, as these resources get scarcer, we’re going to have to figure out how to live in a little more harmony with Mother Earth. Here are 21 houses that are already doing it right: eschewing the power grid for solar, wind, and geothermal energy sources.”

Sourced through Scoop.it from: gizmodo.com

I always love looking at these alternative home ideas!

Read More →

Just listed – 155 Bennett St, Gilroy, Ca. Offered at $548,000

Just listed – 155 Bennett St, Gilroy, Ca. Offered at $548,000

This 3 bedroom, 2.5 bath home feels like new! Beautifully maintained, clean, bright, home ready for you to move right in. Newer tile floors in kitchen and bathrooms, granite kitchen, newer stainless steel appliances. Dual pane windows, central AC/Heat. Master suite with walk-in closet. 2 Car Attached garage and driveway. NO HOA. Located conveniently close […]

Read More →

Getting Highway 101 moving again: San Mateo County express lane project inches forward, as Facebook, Genentech and Stanford University push for progress – Silicon Valley Business Journal

Getting Highway 101 moving again: San Mateo County express lane project inches forward, as Facebook, Genentech and Stanford University push for progress – Silicon Valley Business Journal

Possibilities includes converting existing carpool (HOV) lanes to express lanes and adding new express lanes on U.S. 101 between Whipple Road and the I-380 interchange in San Mateo County. It could also include reconstructing ramp connections to U.S. 101 and and installing electronic toll collection.

Sourced through Scoop.it from: www.bizjournals.com

Really? Even in the middle of the day? ; )

Read More →

The Great Housing Debate: Buying vs Renting – DSNews

The Great Housing Debate: Buying vs Renting – DSNews

On a national basis, for households who move every seven years and can afford to put 20 percent down, today buying a home is 37.7 percent less expensive than renting. This is up slightly from the year prior, and across the 100 largest metros it ranges from over 50 percent to slightly under 20 percent. Nationally, prices have increased by 5.9 percent year-over-year in comparison to a growth of 3.5 percent for rents. But thanks to low mortgage rates keeping pressure on prices, say McLaughlin, buying a home today continues to be the best deal since 2012.

Sourced through Scoop.it from: www.dsnews.com

Of course these numbers are based on a National Average and 20% down but what do the Silicon Valley numbers look like?

 

“These markets include: Honolulu, HI; San Jose, CA; Milwaukee, WI; Newark, NJ; San Francisco, CA; Madison, WI; Sacramento, CA; Fairfield County, CT; Oakland, CA; and Ventura County, CA. Despite the fact that these markets have the slimmest advantage for buying compared to renting, it is still at least 22 percent cheaper to buy a home than rent in each of these markets.”

Read More →

SocketSite™ | Bay Area Employment Hits a New High

SocketSite™ | Bay Area Employment Hits a New High

Santa Clara County to a record 1,015,600 with an unemployment rate of 3.8 percent.

Sourced through Scoop.it from: www.socketsite.com

We know this fact by the traffic! We also can count the demand for housing to continue as we simply do not have enough homes to meet the inbound movement.

Read More →

Real estate investors on U.S. coasts target cheap, out-of-state markets

Real estate investors on U.S. coasts target cheap, out-of-state markets

The companies are pulling in money from clients in costly coastal markets that is boosting demand and home prices in the lower-cost cities they target. “In the last 12 months, I’ve seen more cash buyers from California than I’ve ever seen in my career, and I’ve been doing this for 25 years,” said Anne Callahan, a real estate agent in Cleveland, Ohio, where the average rent for a single-family home is up 4.2 percent over the last year, according to Zillow Research.

Sourced through Scoop.it from: www.reuters.com

This type of investing is not for the faint of heart and I always suggest taking a basic real estate investment class from a local investment group for tips on out-of-state investing. San Jose Real Estate Investment Group is one recommendation. 

sjrei.org

Read More →

Rent Growth Is Decelerating In Tech-Dominated Cities

Rent Growth Is Decelerating In Tech-Dominated Cities

Rents are decelerating in top tech-dominant cities, according to Yardi Matrix research.

Sourced through Scoop.it from: www.bisnow.com

Easy to understand double digit increases in any market will  give way to more normal markets.  Yay , for more normal markets!

Read More →

Federal Housing Administration Proposes New Rules For Condominium Market

Federal Housing Administration Proposes New Rules For Condominium Market

The new regulations will ultimately give the administration leeway to specify new owner-occupancy, commercial and single-unit thresholds. Currently, the FHA requires approved condo developments to have at least 50% of the units occupied by owners, but the proposed rules would extend that range to between 25% and 75%.

Sourced through Scoop.it from: www.bisnow.com

This could be new opportunity for FHA home buyers in Silicon Valley. As many condominiums and town homes complexes do not qualify for FHA or VA financing.  It will be interesting to see if this will plays out into a buyer’s benefit.  Now if we could do something about the $417,000 conforming limit.

Read More →

Top