Oct
23

Is the Market About to go kerplunk?

Posted In: Economy, First Time Home Buyers, For Buyers, For Sellers, Local Market Statistics
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Buyers, Sellers + Realtors were all chatting about the market at our open house this past weekend.  It seems that everyone is confused about the market and what was happening: Is it shifting?  Is it dropping?  Is it seasonal? YES!!!  All of the above.  The problem is that we won’t know which it is until it passes.  The other problem [...]
Jul
16

Oakland Home Prices: It’s Crazy Out There Folks!

Posted In: Alameda County, Economy, First Time Home Buyers, For Buyers, For Sellers, Local Market Statistics, Oakland, Rockridge, Temescal
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You wanna know what’s crazy? Sales prices in Oakland. If you are a buyer looking to purchase in Oakland, I’m sure you have felt the surge in sales prices in the last few months. Well folks, it’s not your imagination: the median sales price for homes in Oakland is up 25% from the prior quarter and an increase of 19.6% [...]
May
16

Sales Price / Square Foot quickly on the rise

Posted In: Albany, Berkeley, Economy, First Time Home Buyers, For Boomers, For Buyers, For Sellers, General Real Estate News, Local Market Statistics
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    Hey guys!  We just listed this Sa-weet condo in the Gourmet Ghetto – 1828 Delaware Unit 2.  We held it open on Thursday and the feedback was great! Located in a quaint, 4-unit building this condo boasts privacy, community, creativity, and convenience. What is so special about this great condo is the yard…the PRIVATE yard.  Yes!  Deck, garden, roses, [...]
Apr
22

What is this Crazy Market Going to Do?!?!?

Posted In: Economy, First Time Home Buyers, For Buyers, General Real Estate News, Investing, Local Market Statistics
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Struggling to buy in today’s market, buyers, new and experienced alike are beginning to ask really big questions about jumping into such a competitive market knowing that they will most likely be “house rich but cash poor”, that they may not be able to afford the taxes the first few years and eat ramen to make ends meet. One client, [...]
Dec
08

3% Down Payment?

Posted In: Alameda County, Economy, First Time Home Buyers, For Buyers, General Real Estate News, Mortgage & Finance, Neighborhoods, Uncategorized
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3% down payments are back!  In order to help low-income and first time home buyers Fannie Mae and Freddie Mac will begin backing these types of loans.  What do you think? Do you think this will set up the coming of another housing bubble or have borrowers learned not to borrow more than they can pay for? Would love to [...]
Dec
01

High Rental Rates Equal Higher Mortgage Rates?

Posted In: Alameda, Alameda County, Albany, Berkeley, Economy, El Cerrito, Emeryville, First Time Home Buyers, For Boomers, For Buyers, For Sellers, General Real Estate News, Kensington, Local Market Statistics, Mortgage & Finance, Oakland, Rentals, Richmond, Temescal, Uncategorized
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High rental rates near BART don’t necessarily equal higher mortgage rates.  KQED recently posted this cool albeit somewhat depressing map showing you where you can find an affordable 1 bedroom near BART.  While this may be hard to look at from a renter’s point of view, we need to remember that owning closer to BART does not necessarily mean you [...]
Nov
08

What does your sink say about you?

Posted In: Architecture, Economy, For Buyers, For the Heck of It, For the Home, Fun for Grown Ups, General Real Estate News, Good ol' Fashion Humor, Home Improvement, Photos, Uncategorized
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Have you ever pondered what your sink says about you? Have you ever walked up to a sink and thought – “Wow, this sink speaks to me?” Is it the shape? Is it the color? Is it nostalgic?  Going out on tour we get to see so many different types of sinks. And let me tell you…sinks make you think! [...]
Jan
29

Bay Area Median Sales Price

Posted In: Economy, For Buyers, For Sellers, Foreclosures & Short Sales, General Real Estate News
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According to DataQuick the median price paid for a home in California last month was $299,000, the highest since it was $301,000 in August 2008. Last month’s median was up 2.7 percent from $291,000 in November and up 21.5 percent from $246,000 in December 2011. December was the 10th consecutive month in which the state’s median sale price rose year-over-year. [...]
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