Viewing: Buyers

U.S. home prices rise in October by most in 6 years

The end of the summer buying season shows a traditional slowdown in the market but doesn’t detract from the fact that U.S. home prices have risen in October by the most in 6 years. Record low mortgage rates, rising rents and renewed confidence boosted demand in the once battered housing market.  At the same time, the […] Read more

How’s the housing market? Is your company hiring?

Real estate agents are often asked where we think the housing market is headed by people we meet.  By way of response I often reply with a question “How’s your company doing?   Are you hiring? Here in Silicon Valley we definitely see a direct correlation between the hiring patterns of local companies and the […] Read more

Los Gatos schools score top marks in the API results

Los Gatos schools have come out ahead again, with most schools and districts gaining ground from 2010’s already stellar performance. Scores are based on testing administered to students in grades K-12 in the previous academic year. The excellent API results add yet another reason to the lengthy list that makes Los Gatos such a desirable […] Read more

It’s Deja Vu all over again

I feel like I should be watching reruns of Lost – Season 1 and listening to Boulevard of Broken Dreams on my playlist (except I didn’t have a playlist back then). It’s like 2005 all over again, with buyers bidding 10 and even 20 percent over asking, zero contingencies and multi-million dollar cash offers all […] Read more

Locking in Peace of Mind

With historically low loan rates starting to inch up borrowers should consider rate lock agreements in their home purchase and refinance activities. Locking in an interest rate freezes the terms of the loan while it’s being processed; particularly important if an increase in rates would impact your ability to qualify and/or pay for the loan. […] Read more

Monday Market News – Bay Area Rebounds depend on Location

I set out this morning to see how my home town of Los Gatos was faring in the property market compared to the rest of the Bay Area.  I started, as I often do, by running some basic calculations on median list price and median price per square foot to see where we are compared […] Read more

Need a mortgage approval? 5 things lenders look for

Real Estate prices are down, interest rates are at record lows, you’ve found your perfect Silicon Valley Dream Home but you still have 1 hurdle to cross;  Financing Don’t sit on the sidelines assuming you can’t buy because you can’t get a loan.   Here are 5 things the lenders are looking for in order […] Read more

Los Gatos School API scores continue to shine

Los Gatos continues to be a great place to buy a home if schools factor into your decision. The API scores awarded based on statewide tests administered in 2013 were exemplary across the board. Los Gatos buyers say the schools and the small town community are key factors in their decision to buy here. Los […] Read more

IPO explosion fuels Silicon Valley Real Estate

On broker tour yesterday I visited a beautiful home newly listed by a friend of mine on El Gato in Los Gatos.   Although a modest 2 bedroom home, the owner had spared no expense in remodeling (right down to the $4000 kitchen sink!).  This home and it’s 1 bedroom rental unit in back are […] Read more

Changes to High Balance Conforming Loans will affect Silicon Valley Real Estate

If you’re planning to buy a home in Silicon Valley this year you need to be aware of changes afoot in the loan business.  As of October 1, 2011, high balance conforming loan limits in the Bay Area are set to be reduced from $729,500 to $650,500 for a single family dwelling for both conventional and […] Read more

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