Friday, March 28, 2014
The overall themes today are commercial real estate, job growth, and work-life lifestyle of the Silicon Valley, which directly impacts residential real estate.
Friday, March 21, 2014
Top 10 Markets by Equity Appreciation since 4th Quarter 2010. Hint, San Jose did well, which is a great segueway into four million more homeowners now 'above water' and housing affordability spiking this year. Another layer affecting affordability is the increase in interest rates as suggested by Janet Yellen in her first press conference.
Friday, March 14, 2014
A lot of my buyers have been feeling the pinch of rising rental prices. Absorption rates for rental apartments have been generally rising since late 2008 as rental demand increased as a result of the housing downturn. If you're curious, interest rates will have to hit 5.4% in San Jose for it to not make sense to buy if you're still on the fence of renting vs buying. Despite recent volatility in consumer attitudes, housing recovery expected to press on - notably, home price expectations climbed significantly in February – with 50 percent saying home prices will go up in the next year.