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Blog Archives: June 2015

Tuesday Tour for June 30, 2015

June 30, 2015
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! Click HERE for a full schedule I go out just about every week to scope out what’s hot and what’s not, and report back to my clients. For help with San Francisco real ...

Dealing with the Summer Heat? How to Keep Your Home Cool Without Using a Ton of Energy

June 30, 2015
.Many people look forward to the long, relaxed, sunny days of summer, but they also dread opening up their energy bills throughout the summer months. Cooling a home can be costly, and many are searching for convenient ways to lower cooling costs without sacrificing on comfort inside the home on the warmest days of the year. These are just a few of the cost-effective and convenient options that can help homeowners to reduce cooling costs throughout the summer. Keep The Blinds Closed A significant amount of heat can enter a home through the ...

What’s Ahead For Mortgage Rates This Week – June 29, 2015

June 29, 2015
Last week’s economic news was largely positive as both new and existing home sales beat expectations. FHFA reported that home price growth held steady in May, while weekly jobless claims edged up, but were lower than expected. New and Existing Home Sales Exceed Expectations According to the Commerce Department, new home sales reached 546,000 on an annual basis for May. This surpassed expectations for 525,000 new homes sold and April’s revised reading of 534,000 new homes sold. Expectations were based on the original reading of 517,000 new ...

Buying a Home This Summer? Our Guide to Finding the Perfect New Neighborhood

June 26, 2015
Finding the perfect home to purchase is easier said than done, and savvy home buyers understand the importance of researching the neighborhood as well as the home. All home buyers have unique things that they are looking for in an ideal neighborhood, and these factors will play a major role in how enjoyable a homeowner’s living experience is. Those who are shopping for a new home this summer may focus on a few points to find the perfect neighborhood to live in before deciding which home to purchase in that community. Get A Feel For The ...

Moving to the City? How to Downsize from a Large House to a Smaller Condo or Apartment

June 25, 2015
Many people make the decision to move from the country or the suburbs into the heart of the downtown area for a number of reasons, such as to enjoy proximity to work or to enjoy the urban lifestyle. With the higher cost of real estate in central urban areas and with real estate space at a premium, many who make the decision to relocate will need to downsize from a larger house to a smaller condo or apartment. While this can be challenging, it can be accomplished by following a few steps. Choose The Right Pieces To Keep When downsizing from ...

Median List Price for Condos this week is $1,029,000

June 24, 2015
The median list price in SAN FRANCISCO, CA this week is $1,029,000. The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market. Supply and Demand 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 changes in the MAI. If the market heats up, prices are likely to resume an upward climb. Price The market is hovering around this plateau. Look ...

Federal Reserve: No Change on Target Fed Funds Rate

June 24, 2015
The Federal Open Market Committee (FOMC) of the Federal Reserve did not move to increase the Fed’s target federal funds rate, which is currently 0.00 to 0.250 percent. Although the committee acknowledged further progress toward achieving the Federal Reserve’s dual goal of maximum employment and an inflation rate of two percent, committee members indicated that they want to see further improvements in both areas before raising the federal funds rate. In its customary post meeting statement, the FOMC said that it may not raise rates when both ...

Tuesday Tour for June 23, 2015

June 23, 2015
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! Click HERE for a full schedule I go out just about every week to scope out what’s hot and what’s not, and report back to my clients. For help with San Francisco ...

Safety Tips: 5 Ways to Prepare for a House Fire – and What to Do if One Breaks Out

June 23, 2015
House fires can break out for a wide range of reasons, and these include everything from grease fires while cooking in the kitchen to lightning striking the home. They can cause a significant amount of property damage as well as personal injury or even loss of life, so preventing them and knowing how to properly respond if a fire does break out are important. Whether buying a new home or residing in an existing home, everyone can benefit from learning more about fire safety rules. Have An Exit Strategy Fires can break out whether residents ...

What’s Ahead For Mortgage Rates This Week – June 22, 2015

June 22, 2015
Last week’s economic news included National Association of Home Builders / Wells Fargo (NAHB) Housing Market Index and Commerce Department reports on Housing Starts and Building Permits, the post-meeting statement of the Fed’s Federal Open Market Committee (FOMC), and Fed Chair Janet Yellen’s scheduled press conference. NAHB: Home Builder Confidence Hits 9 Month High Home builder confidence in housing market conditions is growing in spite of a planned merger between two builders and related cost-cutting efforts. According to the NAHB’s the ...

Did You Know? The Location of Your Home Plays a Role in Your Selling Price – Here’s Why

June 19, 2015
One of the most common questions homeowners have before listing their home for sale relates to the selling price. Understanding the value of the home is about far more than just comparing the square footage of the space with other homes that have recently sold in the area. While there are many factors that will play a part in a selling price, location is an important factor for several different reasons. Neighboring Properties The properties that are located next to the home for sale are critical to the property value. For example, a home ...

Selling Your Home? 3 Reasons Why You May Need to Accept a Bid That’s Below Your Asking Price

June 18, 2015
When a homeowner makes the decision to sell his or her property, it is most common for a skilled real estate professional to provide valuation services so that a reasonable asking price can be established. While the asking price may seem fair to the homeowner, the fact is that not all properties will sell at the original asking price. There are several instances when a homeowner may need to consider accepting a bid that is below the asking price. When The Property Has Been On The Market For A While Most homeowners will learn about the ...

Niche Marketing: How to Market Your Home as the Perfect Rental or Investment Property

June 17, 2015
When a homeowner is preparing to sell a home, it can be beneficial to determine the target audience that is most likely to be interested in the property as an important initial step. In some cases, it is advantageous for a homeowner to position a home as a great rental property or investment property, but this requires the right strategy. By adopting a few niche marketing steps, homeowners can work with their trusted real estate agent to market a property appropriately. Create A Cash Flow Sheet Buyers who are searching for a rental or ...

Tuesday Tour for June 16, 2015

June 16, 2015
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! Click HERE for a full schedule I go out just about every week to scope out what’s hot and what’s not, and report back to my clients. For help with San Francisco ...

Get Rid of Wi-Fi and Cellular Dead Zones in Your Home with These Easy Tips

June 16, 2015
It can be frustrating to deal with dead zones with your wireless and cellular coverage while you are out and about. However, overcoming dead zones in public areas may be as simple as relocating to a different area in a building or walking to a new location. Dead zones may also be present in residential homes and apartment buildings. If you have a dead zone in your home, this issue can easily cause you considerable frustration on a daily basis, and you may be wondering what steps you can take to overcome the problem. Invest in a Better R ...

What’s Ahead For Mortgage Rates This Week – June 15, 2015

June 15, 2015
Retail Sales, Consumer Confidence Up Retail sales rose for the third consecutive month. May sales increased at a seasonally adjusted rate of 1.20 percent according to Commerce Department data. Auto and gasoline sales led the charge to higher retail sales, but analysts said that most retail sectors posted gains. Upward revisions of March and April’s retail sales provided evidence of stronger economic conditions. Consumer sentiment jumped nearly four points from May’s reading of 90.7 to 94.6 in June. This appears to be great news compared to ...

Do You Need a Real Estate Attorney to Help Close Your Home Purchase? Let’s Take a Look

June 12, 2015
When buying a new home, you may have a close eye focused on your budget and expenses, and your goal may be to keep related expenses to a minimum. However, you may also be well aware that a real estate purchase is a legal transaction, and you may be wondering if you need to pay for legal services from a real estate attorney. With a closer look, you can make a better decision that is right for your home buying plans. The Legal Forms Used With A Typical Transaction The majority of real estate contracts will be written using standard legal ...

Potrero Hill median sales price up 16% over last year

June 11, 2015
Single family home median sale prices are up 16% over last year, with an average of 20 days on the market. Condominium median sale prices are up 12.8% over last year, with an average of 38 days on the market. For a full neighborhood profile of Potrero Hill, click HERE If you’re interested in buying or selling in Potrero Hill or anywhere in the Bay Area, feel free to contact Michael Minson at michael@michaelminson.com or 415.606.2625.

Eureka Valley condo median sales price up 22.6% over last year

June 11, 2015
Condominium median sale prices are up 22.6% over last year, with an average of 20 days on the market. Single family home median sale prices are down 1.7% over last year, with an average of 17 days on the market. For a full neighborhood profile of Eureka Valley, click HERE If you’re interested in buying or selling in Eureka Valley or anywhere in the Bay Area, feel free to contact Michael Minson at michael@michaelminson.com or 415.606.2625.

South Beach condo median sales price up 28.6% over last year

June 11, 2015
Condominium median sale prices are up 28.6% over last year, with an average of 33 days on the market. For a full neighborhood profile of South Beach, click HERE If you’re interested in buying or selling in South Beach or anywhere in the Bay Area, feel free to contact Michael Minson at michael@michaelminson.com or 415.606.2625.

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