San Mateo County Market Update – November 2011
Highlights in This Newsletter: Underwater Mortgage Holder Get Helps under HARP Home Inventory down 20% compared with October 2010 Mortgage rate outlook Foreclosure statistics Like it, [scribd id=72232493 key=key-21tk5pfhrxhb5ymxx2s mode=list] Related posts:Santa Clara County Market Udpate – October 2011 San Mateo County Real Estate Market Update for May 2011 San Mateo County Real Estate Market Update – Feburary 2011
Housing Boost From Foreign Demand?
© Sergey Ilin - Fotolia.comA bill being proposed in hope to boost housing from foreign demand. It will benefit foreign citizens looking to invest in the US real estate market and better yet, it comes with a visa good for three years. Proposed and co-sponsored by Charles Schumer (D-N.Y.) and Mike Lee (R.-Utah), if approved, this bill would grant a U.S. visa to international investors who agree to spend at least $500,000 in cash on residential real estate in the US. Out of which, $250,000 will be spend on the primary residence where the visa holder will stay at least ...
Economists Predict Second Quarter Woes Fading for National and Palo Alto Real Estate
Government support in the national and Palo Alto real estate sectors is slowly being pulled back. For instance, the federal homebuyer’s tax credit expires this month and the Fed stopped purchasing mortgage-backed securities in March. These two changes in financial backing for the housing market are causing worry because people fear the expiring tax credit will cause a dramatic drop in sales. An important question right now is how much did the government support really help the national and Palo Alto real estate markets and the economy? The Economy Dean Maki, chief U.S. economist for Barclays Capital (New York) and one of the ...
Buying Palo Alto Homes – Why You Might Not Want To Wait?
Surprising numbers of potential homebuyers are holding off on buying Palo Alto homes. They see the housing prices drop and are waiting for them to go lower. They see the mortgage rates and are waiting for them to drop further. If this is you, you might want to rethink your strategy and take a real look at potential Palo Alto homes. Here are two crucial reasons why you might not want to wait any longer: Interest Rates on the Rise - Thanks to the Federal Reserve buying $1.23 trillion worth of mortgages, interest rates have been kept somewhere between 4.93% and 5.09% ...
Housing Boost From Foreign Demand?
© Sergey Ilin – Fotolia.com A bill being proposed in hope to boost housing from foreign demand. It will benefit foreign citizens looking to invest in the US real estate market and better yet, it comes with a visa good for three years. Proposed and co-sponsored by Charles Schumer (D-N.Y.) and Mike Lee (R.-Utah), if approved, this bill would grant a U.S. visa to international investors who... [Read more...]
Palo Alto Real Estate Market Update – September 2011 – Homes For Sale vs. Home Sold
In September 2011, the median for sale price in Palo Alto is up 18% vs one year ago and the sold price is relative flat (-1%)compared to one years ago. The inventory of houses for sale under $1.5M is very limited, and there are slightly more choices for homes in the $2M and above range. Overall, the supply has decreased dramatically (-46%) compared to one year ago. Supply usually goes up in September... [Read more...]
Santa Clara County Market Udpate – October 2011
Highlights Mortgage rate reach record low. Thirty year fixed mortgage rates are down in the 4% area. Conforming loan limit was decreased on October 1, 2011. In Santa Clara county, the new limit is reduced to $625,500 from $729,750. iPaper_embed('67909810', 'key-2393dh7nqqrpifqyglkg', '600', '450');
2011 Tax Tips for Palo Alto Menlo Park Home Owners
It’s the time of year we all dread… time for your 2010 tax filings. I want to share with you some basic tax tips all Palo Alto Menlo Park home owners should consider before filing their taxes. Contact a tax expert. My motto is always, if in doubt, contact a tax expert. There’s no way around it; taxes are complicated. While some don’t want to spend their money on tax experts, I’ve... [Read more...]
San Mateo County Real Estate Market Update – Feburary 2011
Prices for single family, re-sales homes in San Mateo County, fell for the fourth month in a row January, year over year. The median price was off 8.7% compared to last January. This is after eleven straight months of price appreciation. The average price dropped 5.3% year over year, after appreciating fifteen out of the past sixteen months. The complete report with city by city breakdown is available... [Read more...]
Santa Clara County Real Estate Market Update – Feburary 2011
Prices Continue to Decline Price for single-family, re-sales homes in Santa Clara County fell for the third month in a row in January, both month-over-month and year-over-year. The median price was off 0.4% year-over-year, while the average price dropped 1.4%. This is after thirteen straight months of price appreciation. [Read more...]
Santa Clara County Real Estate Market Update – June 2010
Median Price for Santa Clara County Homes Continues to Rise The median price for homes for sale in Santa Clara County increased to $645,000 from $550,250 a year ago. The average home price is up 16% as well to $785,447. Days of Inventory has decreased again this month. The number of days of inventory is the number of days it would take at the current rate of sales to sell every house on the market.... [Read more...]
About Gwen
Gwen brings extensive marketing experience, negotiation skill and comprehensive customer service to Keller Williams. Gwen specializes in working with buyers and sellers in Atherton, Menlo Park, Palo Alto, Los Altos, Mountain View, Redwood City and other Peninsula cities. Her client base ranges from first time buyer, investors, and people who wish to trade up or downsize.Free Email Updates
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