Mortgage Rates Plunge to 3-Year Lows

By | General

DAILY REAL ESTATE NEWS | FRIDAY, JUNE 17, 2016 For the second consecutive week mortgage rates moved lower, and are currently the lowest since May 2013. “The 10-year Treasury yield continued its free fall this week as global risks and expectations for the Fed’s June meeting drove investors to the safety of government bonds,” says… Continued

June 17, 2016

Student Debt Delays Buyers By 5 Years

By | General

DAILY REAL ESTATE NEWS | TUESDAY, JUNE 14, 2016 Nearly three-quarters of non-home owners say that repaying their student loan debt is delaying their home purchase, according to a new survey by NAR and SALT, a program provided by the American Student Assistance. Read more: Help on the Way for Younger Buyers What’s more, more… Continued

June 14, 2016

City Spotlight–Morgan Hill

By | City Spotlight

In the European Dynastic Tradition, the city of Morgan Hill became what it is today through marriage.  Landed families intermarried in the years following the Mexican Period and as a result, what started out as 9,000 acres eventually became a bustling city. History For almost 70 years, residents of Morgan Hill and the surrounding areas… Continued

June 10, 2016

5 Top Motivations for Selling

By | General

DAILY REAL ESTATE NEWS | WEDNESDAY, MAY 18, 2016 Inventories of homes are tight nationwide. So what’s going to get home owners to finally sell? In a recent survey,® researchers found some of the top motivations to sell: 1. Want to be in a different neighborhood (40%) 2. Need a home with different features… Continued

May 18, 2016

City Spotlight–Fremont

By | City Spotlight

One of the most interesting areas in the San Francisco Bay Area is that of Fremont.  Like other Spanish settlements, Fremont was established in the late 18th Century as part of the mission structure and Mission San Jose was founded in 1797.  Ironically, Mission San Jose had nothing to do with the city of the… Continued

May 13, 2016

Home Ownership Rate Nears Record Lows

By | General

DAILY REAL ESTATE NEWS | FRIDAY, APRIL 29, 2016 The home ownership rate made gains in the second half of 2015, but that progress was muted in the latest report from the U.S. Census Bureau. The first quarter of this year saw the home ownership rate back on the decline, plummeting to 63.6 percent, the… Continued

April 29, 2016

4 Housing Predictions for the Rest of 2016

By | General

DAILY REAL ESTATE NEWS | MONDAY, APRIL 25, 2016 Freddie Mac economists are still upbeat about the housing market’s outlook for the rest of the year, despite recent data that showed a gloomier first quarter in economic growth than originally projected. According to Freddie Mac’s April outlook, housing will “maintain its momentum in 2016 and… Continued

April 25, 2016

City Spotlight Mountain View

By | City Spotlight

Mountain View is probably best known as the headquarters for companies such as Google, LinkedIn, and Mozilla, but like San Jose and Santa Clara, Mountain View has a long history as a part of the Santa Clara Valley stretching back to the mid-Eighteenth Century. History In 1777, the eastern coast of what would be the… Continued

April 15, 2016

The Salary You Need to Afford a Home

By | General

DAILY REAL ESTATE NEWS | FRIDAY, APRIL 08, 2016 In San Francisco, home buyers need to earn $147,996 a year to afford the city’s median home price of $781,600, according to mortgage website Out of 27 major metros analyzed by the site, San Francisco requires the highest salary in order to pay for the… Continued

April 8, 2016

City Spotlight–San Jose

By | City Spotlight

San Jose is the tech center of the Silicon Valley, but it is more than just semiconductors and microchips.  From its beginnings as a mining town (mercury, not gold) to becoming the first capital of California, San Jose has shaped the culture of the Santa Clara Valley. History Spanish and Mexican Periods Unlike Santa Clara, San Jose… Continued

April 6, 2016