The Federal Housing Finance Agency increased the conforming loan limit to $1,089,000 in Santa Clara and San Mateo counties for 2023, a 12% increase over 2022. A purchase price of up to $1.36M should qualify for a conforming loan, assuming
Sale/List Price by City
Here is a view of how much the final sales price is over/under list by number of Days on Market for each of the cities I cover in Silicon Valley. The scatter charts show a dot for each closed sale
Single Family Home Makeover
Below is a 1960’s ranch-style home that was in original condition. We did a complete makeover that generated 50 prospective buyers, 12 offers and sold for $900,000 (30%) over list price. Interesting to see the dramatic difference. Can you imagine
The math behind rent vs. buy
Homeownership is considered to be one of the great wealth creators available, second only to stock options. The math below shows that owning a home can create close to $1M in personal wealth over 10 years! Monthly Cost of Home
Proposition 19: Property Tax Transfer
Below is an explanation of how Prop 19 changes your ability to transfer your existing property tax base to a new residence, as summarized by the California Association of Realtors. How does Proposition 19 change the rules on tax basis