East Bay Real Estate Blog

5 Reasons to Sell This Fall | MyKCM

Here are five reasons listing your home for sale this fall makes sense.

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory is still under the 6-month supply that is needed for a normal housing market.

This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in

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Top 5 Reasons Why Millennials Choose to Buy [INFOGRAPHIC] | MyKCM

Some Highlights:

  • “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”
  • The top reason millennials choose to buy is to have control over their living space, at 93%.
  • Many millennials who rent a home or apartment prior to buying their own homes dream of the day that they will be able to paint the walls whatever color they'd like, or renovate an outdated part of their living space.

     

    Contact East Bay Modern Real Estate, experienced East Bay Realtors, for help purchasing or selling a home in San Francisco's East Bay.

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4 Reasons to Buy a Home This Fall! | MyKCM

Here are four great reasons to consider buying a home today, instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.0% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have hovered around 4%. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie

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Homeowners: Do You Know Your Home’s Value? | MyKCM

The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline,

“National Home Prices Now 50% Above March 2011 Bottom”

The real estate market has come a long way since 2011, which is great news for homeowners!

Nearly 79% of homeowners with a mortgage in the US now have significant equity in their homes (defined as over 20%), according to the latest Equity Report. The challenge is that not every homeowner knows how much their home’s value has appreciated.

Homeowners in Denver, CO lead the way with 8.7% appreciation over the last year, while owners in Washington and Utah have experienced a 3% increase in

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4 Bedrooms | 1 Bath | 1,725 SQF | $653,000

Congratulations to my clients who just closed escrow on this spacious 4 bedroom, 1 bath, 1,725 square foot home in Oakland’s Bella Vista neighborhood.

This fixer-upper is exactly what my clients were looking for and they can’t wait to restore and bring back its 1920’s period charm. I’m excited to see the before and after!

Call me today to find out how I can help you find your ideal home!

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Congratulations to my seller-clients of 284 Santa Fe Drive, Walnut Creek, a 3 Bedroom/2 Bath Eichler home which closed escrow at $1,025,000!

If you are looking to sell or purchase an Eichler home in the East Bay, contact Ken Fox - 510.999.0923.

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247-Bliss.com

Congratulations to my sellers of 247 Bliss Court, a fantastic H-Plan a 2,435 SF, 4 Bedroom/2 Bath Eichler home in the Northgate neighborhood of Walnut Creek which closed escrow at $1,627,000!

Contact Ken Fox, 510.999.0923 for Eichlers in the East Bay!

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Number of Buyers Putting Down Less Than 10% Hits 7-Year High | MyKCM

According to Black Knight Financial Service’s Mortgage Monitor Report, 1.5 million Americans have purchased a home with down payments under than 10% over the last 12 months. This is great news for buyers as this marks a 7-year high.

Many mortgage programs offered by agencies like Freddie Mac and Fannie Mae allow buyers to put down as low as 3% to purchase their dream homes. The strength of the housing market has aided buyers who used low-down-payment programs to buy. As a recent CNBC article points out,

“Defaults on recent low down payment loans, so far, are slow, but that is as much a factor of the good credit quality as it is the strength of the housing market. Home prices are rising incredibly fast, meaning those borrowers are gaining

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Photo Credit: Eville Eye News 

 

I've been watching the progress of these beautiful new homes over the last year and finally they seem close to completion!

15 units will hit the market soon. All of them designed with one thing in mind: "inhabit less, live larger'. Atomic City is a net-zero community, producing at least as much energy as it consumes. Solar panels, solar skylights, rain collecting cisterns and solar hot water heaters is only an example of what the Oakland-based design firm MANOU DESIGN GROUP designed and implemented.

Buyers can chose from 3 different floor plans. The location is central, in close proximity to Berkeley Bowl, Emeryville Public Market and the Ashby Bart Station. 

Grand opening is happening on Saturday, August

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Congratulations to my first-time buyer who just closed escrow on this immaculately remodeled 1 bedroom, 1 bath, 720 square foot condo!

Located near Oakland's vibrant Piedmont Avenue, the unit features a large open airy living room, updated kitchen, light and bright balcony with tree top views and peeks of the Bay, bedroom with walk-in closet, 1 car enclosed parking, all within a secured building in a terrific walkable location.

My client has been living with family nearby and I’m delighted to have helped make her dreams of home ownership a reality!

Call me today to find out how I can do the same for you!

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