East Bay Real Estate Blog

428 Alice offers sophisticated urban living in the Oakland Waterfront's Jack London Square. Unit 428 is a corner unit with abundant light and wall-of-glass windows.  It has bamboo floors in the kitchen/dining/living area and comfortable luxurious carpeting in two bedrooms. The kitchen is equipped with stainless steel appliances. The living/dining area has floor-to-ceiling glass windows with custom shades for privacy. The ceiling are concrete, coupling industrial coolness with sophistication. A washer/dryer hookup is in the unit.  For more info, please visit: www.428alice-428.com.  

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Millennial Homeownership Rate Increases | MyKCM

Recent headlines exclaimed the homeownership rate, as reported by the Census Bureau, rose again in the second quarter of 2017. What didn’t get much attention in the reports is that the homeownership rate for American households under the age of 35 increased a full percentage point from last quarter’s 34.3% to 35.3%. Millennials proved to have the highest increase of any age group.

This came as a surprise to some considering Millennials have come to be known as the “renter” generation. However, a new study by First American, 6 Trends Poised to Reshape Homeownership Demand, revealed reasons why homeownership numbers will continue to increase for Millennials.

Millennials are the most educated generation in the U.S.

Why does that matter? First

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Stay tuned for this exciting opportunity to own one of the largest town houses at Marina Bay's coveted Anchor Cove community. This end-unit town house is privately located within a court yard and comes with numerous upgrades such as solid bamboo flooring, tile bathrooms, and best of all a bonus loft that can be used as a fourth bedroom or as a media room or office. We'll be coming on the market in early August so please feel free to reach out with any questions! For a sneak peek see: www.1812northshore.com   Ary Assadi
East Bay Modern Real Estate
510-833-9691
Ary@EastBayModern.com
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Americans Still Believe Real Estate is Best Long-Term Investment | MyKCM

According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment.

Bankrate asked Americans to answer the following question:

“What is the best way to invest money you wouldn’t need for 10 years or more?”

Real Estate came in as the top choice with 28% of all respondents (3% higher than last year), while cash investments - such as savings accounts and CD’s - came in second with 23% (the same as last year). The chart below shows the full results:

Americans Still Believe Real Estate is Best Long-Term Investment | MyKCM

The article points out several reasons for these results:

“After bottoming out at the end of 2011 following the worst housing collapse in generations, home

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Situated on a quiet street, 956 Loma Linda is a well maintained 3 BD, 2 BA single family home with spacious and private front and backyards. The home features an updated kitchen and baths, solid hardwood flooring and tile throughout, and a large, double height 2 car garage. The transition from indoors to outdoors is made seamless through sliding glass doors from both living and dining areas leading directly to the sunny backyard. Both living and dining rooms feature recessed lighting, and all of the home's windows and sliding doors have been recently updated.

Conveniently located to nearby schools, shopping (Hilltop Mall), and all other necessities. El Sobrante is an ideal commuter location, take Hwy 80 directly to San Francisco or Oakland, or choose

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A ‘Buyer’ in Hand is Worth Two in the Bush | MyKCM

In today’s highly competitive seller’s market where there are more buyers than there are homes for them to buy, some sellers may feel like the ball is in their court.

And they would be right when it comes to choosing which offer to accept, the closing date, or even which improvements they are willing to make to their house prior to selling.

One thing to remember though, is that there is always a line that shouldn’t be crossed.

Interest rates can change, financing might not go through, the appraisal might not come back at the price that you have agreed to. These are all opportunities to work with your buyer to make sure that the sale still happens.

You may think that, because buyer demand is so high right now, you can choose to make your

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3 Tips to Succeed in Today’s Real Estate Market | MyKCM

In today’s highly competitive real estate market, where inventory levels are not keeping up with the constant stream of buyer demand, there are steps you can take to ensure you are most prepared for success when buying a home.

The 3 tips we are going to expand on today come from a recent blog by Trulia entitled, The Skinny on Skinny Inventory.

1. Be Prepared

“Homebuyers should talk with a lender, real estate agent, and a home inspector BEFORE finding a home to make an offer on.”

Being intentional, pre-approved, and prepared will set you up for the accelerated time tables that come with a highly competitive market. If you are the most prepared buyer interested in a home, if you have already secured financial approval, and if you are

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The 5 Greatest Benefits of Homeownership | MyKCM

Recently, Freddie Mac reported on the benefits of homeownership. According to their report, here are the five benefits that “should be at the top of everyone’s list.”

  1. Homeownership can help you build equity over time.
  2. Your monthly payments will remain stable.
  3. You may have some tax benefits.
  4. You can take pride in ownership.
  5. Homeownership improves your community.

Let’s expand on each of Freddie Mac’s points:

Homeownership can help you build equity over time.

Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of

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