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Blog Archives: January 2014

3 Tips To Get The Most Out Of Your Plumbing

January 31, 2014
Everyone wants their pipes to last as long as possible, but there are a few simple problems that might be sucking the life out of your plumbing. Long-term stress is the enemy when it comes to your water system. The three most common enemies are high water pressure, mineral-laden hard water, and grease. Avoid these three trouble-makers, and your water system will last years longer. Take The Pressure Off Your Pipes You might enjoy high water pressure when you’re taking a shower, but your pipes aren’t enjoying it at all. Over time, this high ...

The median list price for condos in San Francisco this week is $825,000

January 30, 2014
Home sales have been exceeding new inventory for several weeks. However, prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue, expect that prices could climb from there. This week prices remained relatively flat. However, the recent trends have us pulling back from the market’s high points. The Market Action Index is a good leading indicator for the durability of this trend. Click here to view the full report. To learn how you can take ...

Case Shiller Price Index Shows Homeowners A Rise In Home Equity

January 30, 2014
According to the S&P/Case-Shiller 10- and 20-City Home Price Indices released Tuesday, the U.S. Housing Market is on a roll based on year-over-year increases in average home values, but month-to-month results were mixed. The 10- and 20-City Home Price Indices showed year-over-year growth of 13.80 and 13.70 percent respectively. Highlights Include: Dallas posted its highest rate of annual growth since 2000. Chicago’s average home price rose by 11.00 percent, its highest annual gain since December 1988. The 10- and 20-City Indices posted ...

What’s Your Home’s Real Value?

January 29, 2014
As a society, it seems as though we’ve gotten away from appreciating our homes for their emotional and sentimental worth. Instead, we tend to focus solely on their monetary value. An Appraiser Can Estimate A Home’s Monetary Value, But To Gain A True Concept Of Your Home’s Worth, You Must Also Take The Following Into Consideration: Pride Of Ownership. You don’t buy a pair of Prada shoes because you’re going to be able to resell them and make a profit. You buy them because they make you look good and feel good. Security And ...

Existing Home Sales Reach Highest Level In 7 Years

January 28, 2014
The NAR provided great year-end news as existing home sales in December pushed 2013 sales of existing homes to a seven-year high. December’s reading of 4.86 million sales of pre-owned homes came in at 4.87 million on a seasonally adjusted annual basis. Although projections had been for 4.89 million sales, the December reading topped November’s revised sales of 4.82 million pre-owned homes. December’s reading showed the first gain in existing home sales in three months. NAR reported that existing home sales for 2013 reached 5.09 million, ...

What’s Ahead For Mortgage Rates This Week – January 27, 2014

January 27, 2014
Last week was an action-packed week for economic news, and all of it was packed into Thursday: Weekly Jobless claims came in at 326,000, which was lower than the expected 330,000 new claims. This week’s claims were higher than the prior week’s 325,000 new jobless claims filed. The NAR released its Existing Home Sales Report for December; sales of existing homes sold at a seasonally adjusted annual rate of 4.86 million. December’s reading fell shy of estimates of 490 million existing home sales, but the estimate was based on November sales ...

Inspect and Maintain Your Garage

January 24, 2014
In most parts of the country, garages are especially appreciated at this time of year. Even if you don’t live in a colder climate, it’s important to do an annual inspection and routine maintenance to keep everything in working order. Make sure yours is doing its job well by following the care tips below. Check The Tracks You’ll want to make sure the garage door can go up and down smoothly. Get your leaf blower and blow out any cobwebs, bugs or leaves from the track. With older doors, you’ll also need to oil the metal rollers, hinges and ...

Median list price for condos in San Francisco this week is $849,000

January 23, 2014
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend. While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding. Click here to view the full report. To learn how you can take advantage of ...

Top 10 Indoor Houseplants For Your Air Quality

January 23, 2014
Houseplants are great for decorating, and can brighten up any room. Plus, houseplants can increase the air quality in a room. That makes you happier, healthier and reduces stress. Speaking of stress, these plants won’t create any at all. All of the plants on this list are great at producing oxygen and require very little care. 10. Heartleaf Philodendron A tough plant that’s a good filter for toxins like formaldehyde, Heartleaf Philodendron makes a great houseplant. The only downside is that it’s toxic to eat, so it may not be the best ...

Stay Organized Under The Kitchen Sink

January 22, 2014
Kitchen space is a valuable commodity. If you’re strapped for storage space, you could throw away all the flatware your mother-in-law gave you, or you could keep the flatware and learn to use the space you have more efficiently. The number one most likely spot to find extra storage space is right under your kitchen sink. Organize your under sink area and it will free up space all over your kitchen. Clean It Up The cabinet below the sink has a bad rep. It’s home to rusty pipes, water stains, and sometimes even dead bugs. First things first: ...

2013 Was a Stellar Year for Real Estate in San Francisco

January 21, 2014
In its entirety, 2013 proved to be a good year for housing. Home sales and prices were broadly higher across the nation, while foreclosure loads, the number of homes for sale and the number of days it took to sell a home were all much lower. Multiple-offer situations became commonplace again and prices in many areas rallied to multi-year highs. Here in San Francisco, the proverbial glass remained more than half full throughout the year. New Listings were down 7.8 percent for single family homes and 22.8 percent for Condo/TIC/Coop ...

Why You Should Think About A Wood-Burning Stove

January 21, 2014
Since we’re in the midst of winter weather, you may want to consider a traditional wood-burning stove before you reach for the thermostat. You can install one in the center of a room, and the heat will radiate throughout the whole house. It’s an elegant solution to the winter cold, and makes for a much cozier warmth than the furnace. Here’s why you should consider getting one. Energy Bills Save money. Stop paying each month to keep your house warm. You can do it yourself, with a wood-burning stove and a pile of wood. One well-placed stove ...

What’s Ahead For Mortgage Rates This Week – January 20, 2014

January 20, 2014
Welcome news arrived last week as lower mortgage rates and a higher number of housing starts were reported. Other economic news was mixed: Last Tuesday the Federal Reserve released its Beige Book Report, which indicated modest economic growth throughout the 12 Federal Reserve districts. Analysts predicted that this would cause the Fed to further reduce the volume of monthly asset purchases made under its quantitative easing program. The Atlanta, Cleveland and Kansas City districts reported slower home sales, which supported recent ...

The Simplest Ways To Lower Your Home Heating Bill This Winter

January 17, 2014
When the holiday season starts and the winter chill comes around, the heating bill at your property will naturally increase as you keep yourself warm and cozy. However, if your home is not being heated efficiently, you are essentially letting your hard-earned dollars escape into the air as wasted energy. What are some simple and inexpensive ways that you can cut down your heating expenses this winter and save yourself some money? Only Heat The Rooms You Are Using If you work from home and are spending eight hours of the day sitting in your ...

Median list price in San Francisco this week is $898k

January 16, 2014
San Francisco continues to be a strong seller’s market, and has been since January 2012.  Prices have appreciated nearly 30% since that same time period. Average price per square foot is $864 and has been increasing. The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend. Read the full market report here. I’d be happy to provide you with a more detailed analysis of ...

Why January Is The Best Month For House Hunting

January 16, 2014
Have you made it your New Year’s resolution to find the perfect home for you and your family? You might have thought that you needed to wait until spring to start house shopping, but the fact is that January is a great time to begin. Put on your winter jacket and get out there while the leftovers from the New Year’s party are still in the fridge – you’ll have the upper hand. House hunting in January offers a number of advantages that will work in your favor. Here are some of the main reasons: Busy Social Calendars First of all, most other ...

Dine In Style: Kitchen Design Do’s And Don’ts For 2014

January 15, 2014
The kitchen is one of the most important rooms in your home. It’s where you prepare your meals and is often a hub of family activity. When you host a party, the action often ends up in the kitchen, where drinks and snacks are enjoyed late into the night. It’s crucial that your kitchen function well because you use it every day, but you also want to make it beautiful and stylish. Renovating and decorating your kitchen can also be one of the best ways to increase the resale value of your home. Read on if you are planning a kitchen makeover. ...

Improve Your Curb Appeal This Winter

January 14, 2014
After all of the excitement of the holidays, the sparkle of the lights and the overstimulation of the decorations, the rest of winter can seem lackluster. Don’t let your home add to the dreariness of the season. Spruce up your curb appeal with the tips below and inspire your neighbors to create a well-groomed street that will make drivers who are passing through smile. Tend The Plants If you’re currently located in a winter wonderland, then dig up any dead plants that won’t grow back. Replace them with cold-loving flowers, such as ...

What’s Ahead For Mortgage Rates This Week – January 13, 2014

January 13, 2014
The first post-holiday week of 2014 brought mixed economic and housing-related news. CoreLogic reported via its Housing Market Index that November home prices grew by 11.80 percent year-over-year. This was just shy of October’s year-over-year reading of 11.90 percent. As with Case-Shiller’s recently reported Home Price Indices, a slower rate of home price growth suggested to analysts that the housing market is cooling down. The Federal Reserve’s Federal Open Market Committee released the minutes from its December meeting. The minutes ...

Market Your Home For Sale Like A Professional

January 12, 2014
Anyone preparing their home for sale can get focused on all the little updates they need to make before it’s ready to be put on the market. However, once the property is listed, they usually just sit back and wait for the offers to roll in, which can be frustrating and disappointing. Real estate agents know that the work never stops. Below are insightful tips from property experts to create buzz around your house and get it sold quickly. Bait Buyers With Visuals Most buyers do their preliminary searches online, so this will be their first ...

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