Marin County Real Estate Market Blog | Marin Market Trends

Mortgage interest rates have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.

This has caused some purchasers to hesitate and lament the fact they may no longer be able to get a rate below 4%. However, we must realize that current rates are still at historic lows, making it still a very good time to purchase a home.

Although rates are rising, they are still below 5%. Take advantage while you still can to have extremely low monthly payments.

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When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home sold.

In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed the purchaser’s behavior during the home buying process. For the past three years, 92% of all buyers have used the internet in their home search according to the National Association of Realtors’ most recent Profile of Home Buyers & Sellers.

However, the report also revealed that 95% percent of buyers that used the internet when searching for a home purchased their home

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We live in a very social world. Or rather we live in a very social media world. For the modern entrepreneur, social media sites have become one of the most efficient ways to promote their business. 

So, in this article, let’s look at the top tips to help you set up your social media brand so that you can flourish online.

Market Research is vital for any starting business and without it your company will be doomed to fail. The Marketing Donut puts finding customers at number one on its list about creating a business page on Facebook. Nearly every business has a social media page even companies you would never imagine would need one. Social media sites like Facebook and Instagram are a great way to update your customers and directly contact them.

The

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This old world English Tudor home was designed by renowned Architect Arnold Sutterland Constable of England. Built in 1926, this handsome home is steeped in history, character and charm. Nearly every room of this hillside home has a panoramic view of the San Francisco skyline, from the Marina to Treasure Island and beyond. The living room opens to 18 ft tall vaulted ceilings with old hand hewn beams, a classic clinker-brick fireplace, cozy inglenook, and new living room extension with a spectacular view of San Francisco and the Bay.

 The formal dining room has a full city view as well, with French Doors that open to the new observatory deck for entertaining or al fresco dining. Hand milled Newell posts and gothic iron railing carry the design theme

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Summer is here! The temperature isn't the only thing heating up right now, so too is the housing market in many areas of the country! Here are four great reasons to consider buying a home today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 5.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.3% over the next year. The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects home values to appreciate by more than 3.2% a year for the next 5 years.

The bottom in home prices has come and gone. Home

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Every quarter, Pulsenomics interviews over 100 economists and market experts in an attempt to create a forecast for the upcoming real estate market. Since there is a lot of buzz about a softening market, this quarter's predictions may shock you:

Home values will appreciate by 4.0% over the course of 2016, 3.4% in 2017 and 3.0% in the next two years, and finally 2.8% in 2020 (as shown below). That means the average annual appreciation will be 3.2% over the next 5 years.

The prediction for cumulative appreciation slowed slightly from 25.0% to 24.7% by 2020. The experts making up the most bearish quartile of the survey are still projecting a cumulative appreciation of 9.9%.

What does this all mean? For one, the nervousness being sensed around

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The initial costs of owning a home can be overwhelming. Some costs appear to be simple (i.e. new lawn furniture) while other costs may seem more complex and less approachable. Choosing the right homeowner's insurance definitely falls under the "intimidating" category, and for some people, the process can be a flat out nuisance. Thankfully, Reviews.com makes it easy to find not only a very cost effective coverage plan, but also something that is the right fit for your area. Of course you need insurance to prepare for the "what ifs", but what company has the best reputation in your area? How blanketed do you want your policy to be? What really is the difference between Allstate and State Farm?

Reviews.com is your one-stop-shop for trustworthy homeowners

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Sellers - the time to sell is now. If you haven't been convinced by our most recent blog posts, let's let the numbers do the talking. 

 

Foot Traffic is another great indicator of future sales. Here's what CAR estimates for last month's activity: 

According to another study by CAR, more homeowners have >20% equity in their homes, leaving them in a much better position to test the market. 

 

If you or someone you know is thinking about selling in this market, reach out to me. 

Alex Narodny

alex@marinrealestate.net 

Graphics directly sourced from "Keeping Current Matters" Blog: http://www.keepingcurrentmatters.com/2016/03/22/3-charts-that-scream-list-your-home-today/

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According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Indexhomeownership is a better way to produce greater wealth, on average, than renting. The BH&J Index is a quarterly report that attempts to answer the question: Is it better to rent or buy in this market?

The index examines the entire US housing market and then isolates 23 major markets for comparison. The researchers use a "horse race comparison between an individual that is buying a home and an individual that rents a similar quality home and reinvests all monies otherwise invested in homeownership.”

Ken Johnson Ph.D., Real Estate Economist & Professor at Florida Atlantic University, and one of the index’s authors states:

“The nation as a whole is in buy territory.

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Everybody is an expert when it comes to home shopping. If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.

Answering the following 3 questions will help you determine if now is actually a good time for you to buy in today’s market.

1. Why am I buying a home in the first place? Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with money.

A study by the Joint Center for Housing Studies at Harvard University reveals that the four major reasons people buy a home have

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