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Chris Lussier

Direct: 408-472-8754

Office: 408-445-5163

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Coldwell Banker
1096 Blossom Hill Rd. Unit 200
San Jose, CA

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Archive for December 2011

Building permits climb 11%

Friday, December 30th, 2011

This climb in national building permits signals an uptick in optimism. Both permits and construction have increased from a year ago. The article further states that housing starts are up 16.5% from the same month a year ago, and building permits are up 17.7%.

6 Good Reasons to Buy a Home Now

Tuesday, December 27th, 2011

I wanted to share this article that mentions 6 good reasons to buy a home now. They may not all apply to your current situation, so take a look at the details in this Kiplinger article.

1. Prices have nearly hit bottom.

2. Houses are affordable again.

3. Mortgage rates won’t go any lower.

4. It’s a buyer’s market.

5. You may find a distressed property.

6. Homeownership is still attractive.

Infographic: A Look at 1st Time Home Buyers

Friday, December 23rd, 2011

Learn more about the first time home buyer and the house features that they desire from this infographic from Coldwell Banker.

More Californians able to afford homes

Tuesday, December 20th, 2011

With lower prices and interest rates it is reported that the percentage of Californians who can afford to purchase a home has increased. Take a look at the findings in this article.,0,6083426.story

Renters Outspend owners on housing-5% more!

Friday, December 16th, 2011

Since 2005, although homeowners’ expenditures for housing has risen, renters’ costs have risen even more, from 35.6 percent to 38.4 percent. This article also points out a few key factors that have contributed to this trend.

Top reasons cited for purchasing real estate

Monday, December 12th, 2011

As pointed out in this article, the American dream isn’t dead. The desire to own a home coupled with affordability are excellent reasons to purchase real estate.

One Antidote to Foreclosures: Good Schools

Thursday, December 8th, 2011

According to a recent Wall Street Journal article, good school scores may offer additional benefits besides providing a great education. Take a look at this article for details from a study provided by Location, Inc. Do you see similar trends in your area?

Obama signs extension for higher FHA loan limits

Tuesday, December 6th, 2011

This action will reinstall higher conforming loan limits for the Federal Housing Administration (FHA) through the end of 2013. Do you understand how this affects you? Contact me directly if you have questions.

Market Recap

  • Avg. Sales Price: 379,000

  • Avg. Days on Market: 69

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