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Blog Archives: March 2014

What’s Ahead For Mortgage Rates This Week: March 31, 2014

March 31, 2014
Last week’s economic news included several reports about housing markets. The S&P/Case-Shiller 10- and 20-city housing market indices, the FHFA House Price Index, New Home Sales and Pending Home sales reports all suggest that the national housing market continues to grow, but at lower rates. Regional readings varied and suggested that winter weather was a negative influence on affected markets. In a press conference held on March 19th, Federal Reserve Chair Janet Yellen said that severe winter weather had interfered with the Fed’s ability to ...

Get Your Lawn Ready For Spring

March 28, 2014
If you live in a climate where your yard has been hibernating for months, then you’re probably ready for warmer weather and a hint of green outside your window. In preparation for children running on lush grass through spritzing sprinklers, use the five tips below to get your lawn ready for spring. It will reward you with picnic-perfect grass all summer long. Clean Up Winter’s Clutter Take a rake and remove all of the dead leaves and debris left over from the winter months. Leaving a layer of last-year’s foliage on the ground can smother ...

S&P Case-Shiller Shows Home Prices Down For Third Consecutive Month

March 27, 2014
Harsh winter weather conditions contributed to home prices falling in January. The S&P/Case-Shiller 20-city composite index reported that home prices dropped by 0.10 percent in January, but after seasonal adjustments, home prices increased by 0.80 percent in January as compared to December. Twelve of 20 cities posted declines in home prices in January. There’s no cause for alarm, however, as year-over-year home prices increased by 13.20 percent as compared to year-over–year readings of 13.40 percent in December and 13.70 percent in November....

The median list price for San Francisco condos is $879,000

March 26, 2014
Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit. In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone, so watch for changes: If the market heats up, prices are likely to resume an upward climb. The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the ...

Think Like A Real Estate Agent

March 26, 2014
Before you put your home on the market, you’ll want to make sure that it’s in tip-top condition to ensure a quick sale. The key to listing your home at a competitive price and guaranteeing that you have what buyers are looking for is to think like a real estate agent.   To get your home ready to sell, here are five easy and inexpensive home improvements for you to consider:  Layout – Take an objective look at your home and stage accordingly. Remove clutter and rearrange furniture so that potential buyers can envision each room’s ...

Reality Check: Rates are Rising, but Don’t Freak Out

March 25, 2014
Mortgage rates have been on the rise, but they are still historically low, even when compared to the financial boom (and bust) of the 2000s.  While mortgage rates have been steadily rising over the past several months, it’s still a historically good time to finance your home purchase. Here’s an overview of mortgage rates in the past four decades, as well as the approximate payment on a $800,000 mortgage and how it changes with the rise and fall of rates, according to Freddie Mac.   1970s Average 30-year fixed-rate mortgage: 8.86% ...

Common Details Buyers Overlook When Viewing A Home

March 25, 2014
When you are looking at a potential home to buy, it’s important to pay attention to details to ensure that you are making the right choice. However, many home buyers will get so caught up in the excitement that they will miss some important things that they need to know about the property. Make sure that you don’t miss any of these commonly overlooked details. Do The Appliances Work? Take the time to test major appliances to make sure that they are functioning properly. Though this is often overlooked in a home inspection, it’s a good idea ...

Staging Your Home For Sale? Follow This Easy Guide And Find Success!

March 25, 2014
Many owners have to put a lot of money into their home before they can sell it, and some even invest in a staging expert to come to their home and do an assessment before they put it on the market. If you are going to stage your home for sale in the near future, you’ll want to do it as professionally as possible to get the best sale price. Fortunately, you don’t have to spend too much on getting your home ready, and you can do a lot of it yourself. Consider these basic staging tips: Clean Your Home From Top To Bottom If you want a sale ...

Broker’s Tour Schedule Released – 14 Pages

March 24, 2014
The Tuesday tour schedule has been released and it’s 14 pages this week. Tuesday tour (aka Broker’s Tour) is not just for brokers anymore – the public is invited and welcome to attend.  In fact, it’s one of SF’s best kept real estate secrets. Many of the properties on the tour are open for the first time. For serious buyers, this is a great opportunity to get a sneak peak before the weekend crowds. Plus, many of the open houses are catered – BONUS! I go out every week to scope out what’s hot and what’s not so my buyers don’t have to....

2655 Bush St – San Francisco’s Newest Development in Lower Pacific Heights

March 24, 2014
  2655 Bush Street (near Divisadero) is a condo development located in the Lower Pacific Heights neighborhood of San Francisco. There are 81 luxury condos (mainly one and two beds) slated with below-ground parking and ground-floor retail. Construction Deets Work began at the site in the fall of 2013 Occupancy is projected for 2015. Sales office to open in mid – late 2014 (fingers crossed) I don’t have updated pricing info, but plan on prices north of $1,000 per square foot. Building Deets Fitness Center Greenhouse (cool for ...

What’s Ahead For Mortgage Rates This Week – March 24, 2014

March 24, 2014
Last week’s economic news included several housing-related reports, including the Housing Market Index (HMI) for March, a report on housing starts, and building permits for February. The National Association of REALTORS® also released its Existing Home Sales report for February and the Federal Reserve issued its first FOMC statement under the helm of Fed Chair Janet Yellen. Home Builders Conservative On Housing Market Conditions The National Association of Home Builders – Wells Fargo Housing Market Index rose by one point to a reading of ...

For Sale: San Francisco’s Newest Condo Building – Vida in the Mission District

March 23, 2014
The Mission’s newest condo development, Vida, hit the San Francisco real estate market this weekend.  Here’s the skinny: Vida is, of course, Spanish for Life.  The developer is positioning this property as being in the center of the action so you can live life to its fullest.  It’s a tall order, for sure, but Vida has a lot going for it. Representative view of a unit The amount of choice is what’s most impressive.  114 choices, exactly.  You can choose from large two bedroom, two bath homes with expansive balconies and views (and prices), ...

San Francisco Real Estate: How to Get Your Offer Accepted

March 22, 2014
Getting your offer accepted in San Francisco can be a frustrating experience. I meet a lot of home buyers at open houses that say something like “we’ve written x number of offers and none of them have been accepted”.  They are exhausted and ready to throw in the towel. The problem many times is they need to stop writing offers and start writing contracts. What’s the Difference? A contract shows we are serious about buying this property from the seller.  We have done our homework.  We have eliminated all possible reasons not to accept our ...

San Francisco Real Estate: How to Get Your Offer Accepted

March 22, 2014
Read how to get your San Francisco offer accepted. Getting your offer accepted in San Francisco can be a frustrating experience. I meet a lot of home buyers at open houses that say something like “we’ve written x number of offers and none of them have been accepted”.  They are exhausted and ready to throw in the towel. The problem many times is they need to stop writing offers and start writing contracts. What’s the Difference? A contract shows we are serious about buying this property from the seller.  We have done our homework.  We ...

It’s Time For Spring Cleaning! Kick Clutter To The Curb With These Home Cleaning Tips

March 21, 2014
Spring is here, and it’s time to get your home in order! Spring cleaning can be fun and easy if you follow some general guidelines, which are sure to get your home ready for the nice weather and looking as beautiful as the daytime temps. Kick winter clutter to the curb with these spring cleaning tips. Start With The Closets Spring is here, and winter wear is no longer needed! It’s time to box up all of the winter boots, jackets, gloves, and scarfs until next season. Starting your spring clean with your closets is a good tip, and will get ...

NAHB Housing Market Index Ticks Upward

March 20, 2014
Spring is almost here, and the National Association of Home Builders Housing Market Index (NAHB HMI) thawed slightly in March. The current reading of 47 is one point higher than for February, but still indicates pessimism among a majority of builders surveyed. Analysts expected a March reading of 50. The gauge of builder confidence stayed near its lowest level since May. March’s NAHB HMI reading remained below the benchmark reading of 50, which indicates that an equal number of builders are positive about housing market conditions as those ...

The median list price for San Francisco condos is $850,000

March 19, 2014
Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit. Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market, so watch for upward pricing pressure in the near future if the trend continues. The market seems to have paused around its high point, and the Market Action Index is a good leading indicator for the durability of this trend. Click here to view the full ...

400 Grove St – San Francisco’s Newest Development in Hayes Valley

March 19, 2014
  400 Grove (at Gough) is San Francisco’s newest development, a 34 unit condo building located in the Hayes Valley neighborhood.   400 Grove has served as a parking lot since 1992, when the Central Freeway was torn down after it was damaged by the Loma Prieta Earthquake in 1989. Designed by Fougeron Architecture, the new building will contain 34 homes — 30 market rate and four below-market rate. The Breakdown: 17 two bedrooms 8 one bedrooms 9 studios If you’re interested in learning more about 400 Grove, new construction projects, or ...

Arden by Bosa – San Francisco’s Hottest New Development in Mission Bay

March 19, 2014
Arden by Bosa is located at 718 Long Bridge Street, a 263 unit condo building located in Mission Bay (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/all.js#xfbml=1"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); Post by Arden By Bosa. Arden is the third San Francisco project undertaken by Bosa Development (the first two were the Radiance and the Madrone). Arden will have ...

The Amero – San Francisco’s Stylish New Condo Building in Cow Hollow

March 19, 2014
The Amero is a stylish condo building located at 1501 Filbert (at Van Ness) is in the Cow Hollow neighborhood of San Francisco. The development will have 27 homes. Here are some of the deets: 15 two bedroom flats 8 two bedroom townhomes 2 townhomes with 2 bedrooms+den Mix of flats and townhome-style condos. Square footage will range from 1,000 to 2,500 square feet All homes will have private decks or patios and Homes on higher floors will have views of the Bay and the city 4 homes will have private rooftop decks that are about 700 square ...

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