Friday, March 28, 2014

Friday, March 21, 2014

FRIDAY - ABOVE WATER


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

FRIDAY - NIGHT LIGHTS


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. 

Friday, March 7, 2014

FRIDAY - HI FIVE


This post was actually inspired by an out of the area agent who I will have the privilege of helping in the next upcoming weeks. She's helping place her buyers back into the Bay Area, a reminder of how often I take for granted the allure of this place.