housing market

Bay Area job market still solid, despite August slip

September 16, 2016

“In August, California accounted for 42 percent of the 151,000 jobs created in the nation,” said Sung Won Sohn, an economics professor with California State University Channel Islands. “California’s economy is surging while the rest of the country is not so hot.”

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

Most interesting detail of the article, ” “In August, California accounted for 42 percent of the 151,000 jobs created in the nation,” said Sung Won Sohn, an economics professor with California State University Channel Islands. “California’s economy is surging while the rest of the country is not so hot.”

Homeowners Regain Equity in Q2 – DSNews

September 16, 2016

The number of homeowners are in a negative equity position with their homes is dropping substantially every quarter.

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

To help with the panicky feeling we all get when the market shows a little flattening, homeowners equity is a great stat to embrace. The more equity in our housing market, the better buffer we have to ride the waves of the dynamic real estate market. Keep on building equity America!

Silicon Valley Home Price Comparison 2005 – 2014

March 22, 2015

Booms and busts. Booms are many times caused by rapid growth. Some booms are completely generated by speculation. All are bets. None are guaranteed. The difference in the housing market for Silicon Valley now, compared to 2005, is the foundation upon which it was built. Prior to the 2007 bust, exotic loan products were trying […]

San Jose-5th Strongest Real Estate Market

May 6, 2014

According to a study by Veros Real Estate Solutions, San Jose is projected as one of the top markets in the US. The third largest city in California, located within the fastest growing county (1.8% population growth Y-O-Y 2013), San Jose continues to top the charts in real estate. With a projected 9.7% home appreciation […]

Willow Glen Real Estate Market Report

August 11, 2013

Interested in buying or selling a home in Willow Glen? Here is a report on the housing market in 95125 for the month of July. The number of active listings is down 16% from last year and up 7% from last month The median listing price last month was just under 1.1 million dollars Homes […]

San Jose Home Price Trends: Could 2012 be the beginning of a housing recovery?

November 10, 2011

What drives the real estate more than any other factor? Jobs. What drives buyers from renting to buying? Increase in rents to the point where home ownership is attractive. What drives buyers who plan to buy a home to buy now? Interest rates. So now, some data to back all these ideas up. From the […]

Using past sales to support an offer?

February 4, 2011

Q. I’d like to know your opinion on using past sales as comps to submit an offer. With the quick slide downward since 2007, would it be accurate to say that 2007 sales are pretty much invalid? If there have been April/May 2009 sales for similar homes in the same area, can I take those […]

Where does the San Jose Housing Market go from here?

May 24, 2010

Last week I heard the saying that 80% of the statistics quoted are made up on the spot. Certainly, most have heard the saying that “statistics can be made to say anything you want”. The exact reason why most marketing experts look at trends more than a single number stat. With that said, I took […]

San Jose Housing Market Report – An Ever Changing Game

March 14, 2010

The Fed plans to stop buying mortgage-backed securities the end of March. The general consensus among mortgage brokers is rates will have to rise to attract new buyers of MBS if the Fed does stop buying. After reaching a low last November, the rate for 30-year fixed mortgages has already risen .25%-.375% in anticipation. The […]

The Housing Market Hits Bottom!

July 16, 2008

The most common question I receive is, “Do you think the housing market has hit bottom yet?”. While I am pausing to pull together my answer the person will normally add, “I am thinking about buying a house but if it is going to come down more I want to wait.” Historically, the recognition of […]