As signs of waning inflation and a cooling job market emerge, expectations are rising that the Federal Reserve will cut its benchmark interest rate for the first time in four years at its upcoming policy meeting. This has already started to influence mortgage rates, which fell to 6.20% last week, down from 6.35%. To put it in perspective, a year ago, rates were averaging 7.18%, making this the lowest rate...
You’ve likely heard the recent buzz about the National Association of REALTORS® (NAR) and their proposed settlement, stirring up quite a conversation in the media. This may have left you with more questions than answers. Let me clarify what’s happening and what it means for you. Key Points of the NAR Settlement Seller Compensation Options: Sellers have always had the option to offer...
In the world of real estate, first impressions matter. A beautifully landscaped yard can do wonders for the curb appeal of your house, making it more attractive to potential buyers and adding significant value to your property. This is why I have partnered with our local Outdoor Supply Hardware (OSH) in Millbrae to host a series of workshops aimed at enhancing curb appeal through landscaping. Kenny,...
Are you gearing up for the exciting journey of purchasing your first home? While the prospect of homeownership is undoubtedly thrilling, the financial aspects, especially the down payment, can be a source of concern. Let's dispel a common misconception that might be lingering in your mind. Contrary to popular belief, you don't need a hefty 20% down payment to make your homeownership dreams a reality....
Homeownership comes with a myriad of responsibilities, and among them, staying informed about the current value of your property is paramount. Property values, much like the real estate market, can undergo fluctuations over time. Regularly reassessing your home's value becomes a valuable practice, especially if significant financial transactions or changes in homeownership are on the horizon. Here are the...
Are you curious about the future of California's real estate market? Well, the latest market forecast has just been released by the Chief Economist of the California Association of Realtors (CAR), and it's packed with exciting insights for both buyers and sellers. In 2024, the California housing market is poised for some significant changes. Here's a breakdown of the key points from the forecast: 1....
The Bay Area's real estate market is showing signs of recovery after a downward trend that began in 2022. As we move into the autumn selling season, it is crucial for both buyers and sellers to closely monitor the market trends and take advantage of the opportunities that arise. Traditionally, the summer months witness a slowdown in the real estate market. However, with the arrival of autumn and the...
In the housing market, there are predictable ebbs and flows that occur each year. Understanding the seasonality can help both buyers and sellers navigate the market more effectively. Here is an overview of the typical pattern: Spring: Peak Homebuying Season Spring is widely known as the peak homebuying season, when the market is most active. This period usually begins in March and continues...
2023 has seen the lowest number of homes available for sale in the San Francisco Bay Area compared to the previous 6 years. While there are several factors contributing to this trend, one thing keeping inventory low right now is that some homeowners are reluctant to move when the mortgage rate they have on their current house is lower than the one they could get today on their next house. It’s...
Benefits of Owning Rental Properties Real estate investment is one of the important wealth building blocks. The San Francisco Bay Area has a high demand for rental properties due to its vibrant job market and a consistent influx of professionals and students. This can lead to a low vacancy rate and the potential for steady rental income. Rental income can be made by renting out a garage, room, or a...
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