Homeowners 55 and older can transfer their existing property tax base to a newly purchased home within and across the following ten counties of California under Propositions 60/90. Home values have nearly tripled over the past 16 years, meaning property
Interest rates remain at historic lows
Mortgage interest rates returned to historic lows after raising 1-point in the second half of 2018. Rates have been at these historic lows since the 2008 recession (vertical grey bar). This has been a key under-pinning of our 8-year up-market
Homeowners: Refinancing
What does inverted yield curves mean to homeowners? 30-year Fixed Mortgage Rates (blue line) have declined from 4.9% in November to 3.6% today, erasing rate increases that started in mid-2016. The current rates are now at 10-year lows and they
2019 Real Estate Market Outlook
What is the current state of the real estate market in Silicon Valley? I just completed an update of the 12 cities of Silicon Valley that I cover with final 2018 numbers. While there has been talk of the market
2019 Outlook: 30-year fixed rates rise to 5.2%
Economists are forecasting that mortgage interest rates are going to rise in 2019. The National Realtors Association says that 30-year fixed rates will rise from 4.7% in 2018 up to 5.5% by the end of 2019. The California Association of
Mortgage Interest Rates – July 2018
Mortgage interest rates jumped by one-half point during the first half of 2018. Rates increased by a half-point, from 4.0% to 4.5%, in March 2018. They have increased a full point over the past two years, from 3.5% in July-October
Silicon Valley Market Update: July 2018
The Silicon Valley real estate market continues the five-year up-market cycle. The median price for Silicon Valley single family residences, from Menlo Park to Los Gatos, rose by 16% during the first six months of 2018. This is consistent with
San Carlos Home for Rent – 3/2 home with views
111 Exeter Avenue, San Carlos 3/2.1 two-level home with views and 2,992 sqft Short-term Rental: $5,400 per month Unique opportunity for a short-term (6 months) rental of a lovely 3-bedroom home located in the prime and peaceful setting of the
Economic Outlook for Silicon Valley Real Estate
A well-know real estate economist for the Bay Area spoke this week about the outlook for the Silicon Valley real estate market. An interesting perspective. She said our local economy is growing 3-4 times faster than the national average. Santa
Silicon Valley Homes: 1Q2017 Market Update
Interested in seeing the distribution of home prices across Silicon Valley? The chart below shows the number of Closed Sales for single family residences by price range and by city. First note that there was virtually no single family residence