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Blog Archives: January 2018 — December 2018

Hap-pie Holidays—Have a Free Pie, on Us

December 14, 2018
Michael Minson
To thank you for all your support this year, we’d like to offer you a free pie for the holiday! Looking to Buy? Search All homes Looking to Sell? See why you should work with us We wish you and your family a very happy holiday season, and we’d like to add something to your table this year as a token of our thanks. For everything you’ve done for us throughout 2018, we’re hosting a free pie giveaway on Tuesday, December 18 between 4 p.m. and 6 p.m. Come to our offices at California and Polk Street to get your free apple or ...

Pumpkin Spice Market Update - Yum!

November 02, 2018
Now that the holiday season is officially here, I thought I'd send you a pumpkin-spice flavored real estate update. If you've been on the fence about changing your housing situation, you'll want to read this. Let's serve it up: 1. Mortgage rates have hit a 7-year high. Several weeks ago, the 30-year fixed mortgage rate broke through the 5% mark, the highest level since May 2011. Today rates are around 5% for a 30 year fixed, according to Mortgage Banker, Phillip Cannon, VP of Mortgage Lending at Guaranteed Rate. This has some buyers ...

Should You Consider Buying in a Shifting Market?

October 30, 2018
Michael Minson
Buying a home in a shifting market allows you to create certainty and start building up your equity. Looking to Buy? Search All homes Looking to Sell? See why you should work with us Have you heard that interest rates are rising? Or maybe that home prices are falling? Or perhaps that, here in the Bay Area, fewer and fewer multiple-offer situations are happening? These things may be true, but it also may still be a great time to buy in our shifting market. One of the best reasons to buy in a shifting market is to create ...

Napa Valley Real Estate Report October 2018

October 19, 2018
Napa County’s own economic forecast projects a 3.5% annual population increase through 2022. This means that housing needs are increasing every year, and yet the number of new housing units has grown by less than 1% annually for the past 9 years. So, the sales price appreciation we have experienced in the City of Napa over the past three years is due in large part to demand outstripping supply. Single family home prices have risen 5.1% over the past three years while condo/townhomes have risen 5.2%. Buying property in Napa continues ...

San Mateo County Real Estate Market Update – October 2018

October 18, 2018
The market data is starting to reflect what we’ve been seeing over the past several months. Rising interest rates combined with buyers sensing a market shift has caused inventory levels to shoot up by 50% over last month. The number of new listings to come on the market last month hit a three-year high, while the number of sales is meaningfully lower. With the Fed widely expected to raise interest rates again before the end of the year, buyers are seeing their buying power go down. It’s not all bad news out there. More strong economic news ...

Southern/Central Marin County Real Estate Report October 2018

October 17, 2018
SF Unicorn IPOs • Five San Francisco-based tech “unicorns” are planning on going public in 2019 • Uber, AirBNB, Stripe, Pinterest, and Lyft • Once they have their IPOs, their employees will likely take their cash windfalls and purchase homes in and around San Francisco, driving sales prices even higher The Beige Book • More strong economic news came from the Federal Reserve Bank’s September Beige Book economic report which shows continuing strong job and wage growth in the San Francisco region • It notes that the real estate ...

Pricing, Presentation, the Market, and You: Navigating a Shifting Market

October 15, 2018
Michael Minson
Today, let’s talk about the importance of pricing and presentation when it comes to selling your home in a shifting market. Looking to Buy? Search All homes Looking to Sell? See why you should work with us Pricing and presentation are important in any market, but they’re especially important in a shifting market where buyers have additional choices—and frankly, are just pickier. Effectively pricing your home means it’s a compelling price in the eyes of the consumer; they’ll see a lot of value in your property compared to ...

San Francisco Real Estate Market Update: October 2018

October 09, 2018
SF Unicorn IPOs Five San Francisco-based tech “unicorns” are planning on going public in 2019 Uber, AirBNB, Stripe, Pinterest, and Lyft Once they have their IPOs, their employees will likely take their cash windfalls and purchase homes in and around San Francisco, driving sales prices even higher The Beige Book More strong economic news came from the Federal Reserve Bank’s September Beige Book economic report which shows continuing strong job and wage growth in the San Francisco region It notes that the real estate market ...

Napa Valley Real Estate Report September 2018

September 18, 2018
The Conference Board is sounding a cautionary tone in its economic forecast: “Less support from monetary and fiscal policy, and a weaker global economy will gradually slow the economy to below 2.5 percent growth by the end of 2019. Already, higher interest rates along with labor shortages in construction, and higher materials costs, have led to a cooler housing market.” In Napa, year-to-date sales of both single family homes and condo/townhomes are down, just slightly at 2.4% for homes but more significantly at 9.2% for condo/townhomes....

Southern/Central Marin County Real Estate Report September 2018

September 18, 2018
The Conference Board is sounding a cautionary tone in its economic forecast: “Less support from monetary and fiscal policy, and a weaker global economy will gradually slow the economy to below 2.5 percent growth by the end of 2019. Already, higher interest rates along with labor shortages in construction, and higher materials costs, have led to a cooler housing market.” In Marin, there are two signs that buyers are tiring of limited choices and consistently rising prices. August’s single family home sales price, $1,293,000, was the lowest ...

San Francisco Real Estate Market Update: September 2018

September 18, 2018
The Conference Board is sounding a cautionary tone in its economic forecast: “Less support from monetary and fiscal policy, and a weaker global economy will gradually slow the economy to below 2.5 percent growth by the end of 2019. Already, higher interest rates along with labor shortages in construction, and higher materials costs, have led to a cooler housing market.” In San Francisco, there are several possible signs that more buyers are priced out of the single family home market and are switching to condos. First, single family home ...

Do the Latest Numbers From Our Market Indicate Our Expansionist Economy Is Ending?

September 05, 2018
Thus far, the consensus that our expansion economy is coming to an end hasn’t affected homes prices in Silicon Valley and San Francisco. Looking to Buy? Search All homes Looking to Sell? See why you should work with us With fall just on the horizon, the current change of seasons has many wondering whether our market, too, is beginning to shift. Fortune Magazine recently published an article titled “The End is Near For the Economic Boom,” and this article echoes a cautionary sentiment shared by many economists, investors, and ...

Napa Valley Real Estate Report August 2018

August 28, 2018
Fortune Magazine’s recent article “The End is Near for the Economic Boom” is representative of the cautionary tone of a growing number of financial advisors, investors and economists that the expansionary economy we’ve had since 2009 is nearing its end. Facebook’s dramatic 20% share price one-day drop (it’s still down over 17%) and Netflix’s 18% share price decrease may have injected further buyer caution into a market where prices were already showing signs of leveling off. Napa’s three-month rolling median home sales prices are up ...

Southern/Central Marin County Real Estate Report August 2018

August 28, 2018
Fortune Magazine’s recent article “The End is Near for the Economic Boom” is representative of the cautionary tone of a growing number of financial advisors, investors and economists that the expansionary economy we’ve had since 2009 is nearing its end. Facebook’s dramatic 20% share price one-day drop (it’s still down over 17%) and Netflix’s 18% share price decrease may have injected further buyer caution into a market where prices were already showing signs of leveling off. Southern/Central Marin’s three-month rolling median home sales ...

San Mateo County Real Estate Market Update – August 2018

August 27, 2018
The news from a growing number of sources points to an economic shift looming on the horizon. Fortune Magazine’s recent article “The End is Near for the Economic Boom” is representative of the cautionary tone of among many financial advisors, investors and economists that the expansionary economy we’ve had since 2009 is nearing its end. Dramatic drops in some notable tech stocks (Facebook, Netflix to name two) may have injected further buyer caution into a market where prices were already showing signs of leveling off. In San Mateo County, ...

San Francisco Real Estate Market Update: August 2018

August 27, 2018
Fortune Magazine’s recent article “The End is Near for the Economic Boom” is representative of the cautionary tone of a growing number of financial advisors, investors and economists that the expansionary economy we’ve had since 2009 is nearing its end. Facebook’s dramatic 20% share price one-day drop (it’s still down over 17%) and Netflix’s 18% share price decrease may have injected further buyer caution in a market where prices were already showing signs of leveling off. However, San Francisco home sales prices inched up, though condo ...

Charitable Remainder Trusts: A Primer

August 25, 2018
Michael Minson
A charitable trust lets you donate generously to charity, and it gives you and your heirs a big tax break. However, if you just want to make a few small charitable gifts, then a charitable trust probably isn't worth the bother. You need to do some serious thinking before you set up a charitable trust. Charitable trusts require that that you give up legal control of your property, and charitable trusts are irrevocable -- once the trust becomes operational, you cannot change your mind and regain legal control of the trust property. The ...

1031 Exchange - A Primer

August 25, 2018
Michael Minson
Like-kind exchanges (1031 exchange) can be an important tax savings device for people who own investment property that has gone up in value. In a like-kind exchange (also called a Section 1031 exchange), you can defer paying taxes upon the sale of property by swapping your property for similar property owned by someone else. The property you receive in a like-kind exchange is treated as if it were a continuation of the property you gave up. The result is that you postpone the recognition (taxation) of gain by shifting the basis of old ...

Why You Should Always Work With a Full-Service Brokerage

August 20, 2018
If you work with a discount brokerage instead of a full-service brokerage, you end up working with an agent who won’t go the extra mile for you. Looking to Buy? Search All homes Looking to Sell? See why you should work with us When buying or selling a home, why should you work with a full-service brokerage instead of a discount brokerage? Ultimately, you should work with a full-service brokerage because of its incentive structure. Many of the agent positions at discount brokerages are salaried, meaning they get paid the ...

Sunnyside Facelift

August 19, 2018
Michael Minson
The sellers of 142 Foerster had grown up in this traditional Sunnyside home. The house served its family well for 30+ years, raising three boys and hosting dozens of birthday parties, anniversaries and holiday meals. And as these things go, the years had taken a toll on the property. We see this a lot in San Francisco and have built our processes and our team to find the hidden value and help the sellers capitalize on it. The sellers hired Michael and the Level Up Group to maximize the value it had accumulated over their lives as owners....

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