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Direct: 408-472-8754
Office: 408-445-5163
Coldwell Banker
1096 Blossom Hill Rd. Unit 200
San Jose, CA
408-445-5163
Hey, baby boomers! Pondering what gift to get your kid who’s all grown up? For many of your peers, the answer is a house.
http://money.cnn.com/2011/12/07/real_estate/home_buying/index.htm
Watch this video to get a good idea on the 2012 housing market. As stated in this video, conditions are still slow but “generating momentum.” Steady but modest improvement is expected through 2012.
http://money.cnn.com/video/pf/2011/12/21/pf_ate_real_estate_outlook_2012.cnnmoney/
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.
http://www.kiplinger.com/magazine/archives/six-reasons-to-buy-a-home-now.html
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.
http://www.latimes.com/business/realestate/la-fi-housing-affordability-20111111,0,6083426.story
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.
http://rismedia.com/2011-10-25/renters-outspend-owners-on-housing/
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.
http://agbeat.com/real-estate-news-events/top-reasons-cited-for-purchasing-real-estate-new-report/
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.
http://www.housingwire.com/2011/11/18/obama-signs-extension-for-higher-fha-loan-limits
I always make certain that my clients, especially those with children, are comfortable with the following 5 items posted in this article based on a Coldwell Banker report on consumer trends:
Take a look at the full article below.
http://blog.coldwellbanker.com/5-tips-for-buying-a-home-with-a-family/
Even with the difficulties many Americans are facing in today’s economy, I find it interesting that the desire for home ownership has increased.
72% of renters surveyed said owning a home is a “top priority for their future”- up about 9% compared to 2010. I would love to hear your thoughts on how you view home ownership!
Have your views changed over the past 2-3 years?
A question I am frequently asked by both buyers and sellers centers around the issue of permits.
It may be an owner who is trying to sell their home and work has been completed without permits, or a potential buyer who is faced with a home they really like but it lacks some permits.
In an ideal world, all major improvements would have permits. Realistically, it will come down to a personal decision. Please let me know if I can be of help on this issue and read this article for further information.
http://realtormag.realtor.org/home-and-design/feature/article/2011/09/remodeling-don-t-forget-permit
Avg. Sales Price: 379,000
Avg. Days on Market: 69
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