East Bay Real Estate Blog

Females Are Making It a Priority to Invest in Real Estate! | MyKCM

Everyone wants a place to call home; a place that gives them a sense of security. We are currently seeing major interest from females who want to achieve this dream, and the numbers are proving it!

In 2018, for the second year in a row, single female buyers accounted for 18% of all buyers. In 2017, 60% of millennial women listed as the primary borrowers on mortgages were single.

According to the 2018 Home Buyer and Seller Generational Trends Report by the National Association of Realtors, one in five homebuyers in the U.S. were single females (most of them part of the baby boomer generation) as you can see in the graph below:

Females Are Making It a Priority to Invest in Real Estate! | MyKCM

This does not come as a surprise since 50.8% of the U.S. population is female and 15.6% of them are 65 years and

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7 Reasons to List Your House for Sale This Holiday Season | MyKCM

Every year at this time there are many homeowners who decide to wait until after the holidays to list their homes for the first time, while others who already have their homes on the market decide to take them off until after the holidays.

Here are seven great reasons not to wait:

  1. Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their new employees in their new positions as soon as possible.
  2. Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now.
  3. You can restrict the showings on your home to the times you want it shown. You will remain in control.
  4. Homes show better when decorated for the holidays.
  5. There is minimal competition for you as
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Wage Increases Make Home Buying More Affordable | MyKCM

Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation – wages.

How much a family earns obviously impacts how easy or difficult it is for them to afford to own a home. Because of an improving economy, wages are finally beginning to increase – and that dramatically affects home affordability.

According to the National Association of Realtors’ (NAR) September 2018 Housing Affordability Index, wages have increased in every region of the country:

Wage Increases Make Home Buying More Affordable | MyKCM

After applying current salaries, home prices, and mortgage rates to their Home Affordability Index equation, the index, though still lower than this time last year (160.1 to

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Welcome to Temescal Terrace!  This is a great opportunity to own your home in a convenient Oakland neighborhood.

This cozy 2-bedroom, 1.5-bathroom unit has it all.  It has a casual living/dining/kitchen combo for family and friends gatherings. The modern kitchen has ample cabinet space to hold all your cooking gear, clean glass backsplash tiles, stainless steel appliances, and more!

There is a washer and dryer in the unit.  The master-suite has french doors that lead to your own deck, leading to the backyard. Sunny backyard can be flower or edible garden!

Another bedroom, located in the middle of the condo, could be used as a guest room and/or office.

There is a secured parking space inside of the gate.

Why

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Are Homeowners Renovating to Sell or to Stay? | MyKCM

Over the past few years, two trends have emerged in the housing market:

  1. Home renovations have shot up
  2. Inventory of homes available for sale on the market has dropped

A ‘normal’ housing market is defined by having a 6-month supply of homes for sale. According to the latest Existing Home Sales Report from the National Association of Realtors, we are currently at a 4.4-month supply.

This low inventory environment has many current homeowners worried that they would be unable to find a home to buy if they were to list and sell their current houses, which is causing many homeowners to instead renovate their homes in an attempt to fit their needs.

According to Home Advisor, homeowners spent an average of $6,649 on home improvements over

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Congratulations to my happy client who just purchased this delightful house in Fremont’s Canyon Heights neighborhood! His wish-list was for an updated home with original charm plus plenty of backyard space. I found this house on our very first weekend of house shopping and it totally fit the bill!

Contact me today at 510-967-6169 to find out how I can help you find your dream home!

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75% of Renters Have Been Misinformed | MyKCM

Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t partake in a major part of the American Dream – owning a home.

In 2008, the housing market crashed and home values fell by as much as 60% in certain markets. This was the major trigger to the Great Recession we experienced from 2008 to 2010. To come back from that recession, mortgage interest rates were pushed down to levels that were never seen before.

For the last ten years, you could purchase a home at a dramatically discounted price and attain a mortgage at a historically low mortgage rate.

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2 Myths Holding Back Home Buyers | MyKCM

Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” which revealed that,

“Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of renters cited saving for a down payment as an obstacle to homeownership. Thirty-nine percent of renters believe that more than 20% is needed for a down payment and many renters are unaware of low–down payment programs.”

Myth #1: “I Need a 20% Down Payment”

Buyers often overestimate the down payment funds needed to qualify for a home loan. According to the same report:

“Most potential homebuyers are largely unaware that there are low-down payment and

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Today I took a hard-hat tour of the newest Point Richmond luxury housing development known as Waterline by Shea Homes. Shea Homes has broken ground on the construction of a total of 60 flats and townhomes. Prices will range from the low $800K up to $1,500,000. I was given a tour of the different floor plans and have to say that they are huge!

The units will range from 2-3 Bedrooms starting at approximately 2,100 SF all the way up to almost 3,000 SF. If you are looking for a home with views then you will not be disappointed as almost all of these homes boast some of the most stunning views of the water and the San Francisco skyline.

HOA dues are expected to be around $500 per month and the community will feature and outdoor gardening area, a community BBQ

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Completed in December 2016, this tri-level, end-unit home is truly one of the best built homes in Marina Bay's Anchorage community. With the largest floor plan 405 Jetty boast 3 bedrooms, 3.5 baths and a total of 1,975 SF. (per builder) With $64K spent in builder upgrades it's fair to say that no expense was spared. From soundproofing the interior walls to high-end wood & tile flooring, to brushed nickel faucets and on-demand water heating, every detail was thoroughly thought out and designed. Other notable upgrades include high quality carpeting with extra thick padding, an integrated alarm system, and ADA compliance. (extra wide doors, etc.)

A perfect layout for entertaining this home has a large central living space that includes

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