Affordability will be key in the 2014 Housing Market. With new inventory coming on and a plethora of buyers already looking for their dream homes, there will be plenty to go around for everyone, as long as buyers can get financing. The economic experts have been predicting a rise in mortgage rates for 2014. That forecast is due to a few different aspects of current economic trends in the US. New laws surrounding Qualified Mortgage loans were enacted the tenth of this month in order to create safer loans by prohibiting or limiting certain high-risk products and features. Housing groups worry that changes meant to shield Americans from abusive lending practices that contributed to the financial crisis will make it harder for many to buy homes. But experts…
Housing Market Changes in 2014
The rise in the price of homes, particularly in the Marin County area, mirrors the seller’s market that is currently being maintained here in Marin. Inventory was down due to the holidays and if that trend remains steady there will be a greater escalation of home values in 2014.
Our experts predict an 8% to 12% mean increase in home value in Marin, while experts at Zillow and Trulia are expecting lower numbers between 3% and 8% nationally. Houses should start coming on the market more rapidly now that most people have returned from vacation and are anxious to get on before the springtime.
As this occurs, home prices in 2014 will likely rise more slowly than in 2013. Surpassing the expectations of many economists, the…
Modern living - Magnificent views - Mill Valley
This ridge-top home has 180-degree views encompassing the entire Bay Area. Breathtaking panoramas of San Francisco, East Bay, Angel Island, Bay and Richmond Bridges, and Azure Bay are clearly seen from almost every room in the house.
With a striking design by Polsky Perlstein Architects, this home assaults your senses immediately upon entry. The open floor plan magnifies the setting, leaving you to constantly gaze at the surrounding magnificence. The spectacular views, gardens, and outdoor entertaining areas convey a perfect balance of luxury and comfort.
Great care has been taken so that this four bedroom, three and a half bath home is the essence of tranquility and wonder.…
The Fairfax real estate market is exceptionally dynamic because of the advantages of buying property in the town. Fairfax is a small urban area with a population of 7,500 people. The attractive location and proximity to San Francisco increase its popularity even further.
Interested in buying real estate in Fairfax? Here is everything you need to know about the region, the price of property and the specifics of the local real estate market.
A Guide to the Town and the Region
An interesting fact about Fairfax is that it is the only town in the United States that has a Green Party majority in its governing council. Located in Marin County, California, it lies just 3.5 miles away from San Rafael.
According to the 2010 United States Census, there were…
Marin County Real Estate Market Update by Peter Narodny
The rebound is here! Currently there are 669 homes on the market in Marin of which 293 are in escrow. That 44% is indicative of a big increase in demand and very low inventory and with the median price jumping 18% over last year, the prediction is of continued growth. For Marin, the forecasted average appreciation for 2014 is 8%. There are some caveats that go with this prediction which include interest rates, government antics, and the overall economic outlook. Any home appreciation will be the result of demand and pricing, but when inventory jumps by 30% in the spring, and buyers have more to choose from, prices will stabilize until supply levels off.
For sellers who are ready to sell, this…
Selling a home can be a long and drawn out process. Too many people think that simply putting a sign up on the front lawn will have potential buyers knocking down their doors. It doesn’t work that way! A lot of hard work goes into selling a property. It’s essential that you find the right real estate professional to market your property and get your home sold fast.
It’s really important that you contract with a realtor you can get along well with. Most real estate agents are outgoing and friendly people. The realtor you select should be a people person who is confident in their ability to find the right buyer for your property.
Although everyone needs to start out in their careers somewhere, selling a home…
Over the past few years, there were dozens and dozens of properties on the market. This was mainly because of the downturn of the economy which resulted in people being unable to pay their mortgages. The banks foreclosed on a vast majority of those homes but many also went to short sale. Thankfully, those days have passed. Currently, there are fewer homes on the market and that makes it a seller’s market however; upgrades can make your home sell faster and for more money.
Granite, Granite, Granite
Honestly, your home doesn’t have to have granite but it certainly shouldn’t have laminate or butcher block countertops. They’re outdated and actually, a breeding place for bacteria and roaches. Granite and marble countertops are most highly desirable at…
There are many people who are selling their homes in Marin County that don’t realize the importance curb appeal plays in selling their homes. Some potential buyers will show up for an appointment with high hopes, only to refuse going into the house. Think about it! Oftentimes, house hunters will drive by listed properties before going to see them with their real estate agents. You wouldn’t want your home to be cut from potential buyers’ lists because it lacks curb appeal!
Homebuyers don’t want to pull up to an available property, only to see dying grass or overgrown lawns. A lush, green lawn is a better selling point than an unkempt, brown one. Usually, watering the lawn daily will make it green again however, if all else fails; you can…
For many people, selling their homes is a great thing and a way to start a new chapter in their books of life. For others, it can be sad as they look at all of the memories and friends they will be leaving behind them. Regardless of the reason you are selling your home, you will need to make it better than any of the other comparable homes that are on the market. Otherwise, your home won’t be as appealing to the buyers as ones that are priced in the same range. It’s easy to make your house the star of the neighborhood.
Put Away the Pictures
All of the wonderful family photos that adorn your walls might be comforting to you however; personal items make it hard for potential homebuyers to imagine themselves in that space. By taking the photos down and…