What’s New?
The average rate on the 30-year fixed mortgage hit 3.70% Friday, the lowest since November 2016, according to Mortgage News Daily. That rate will likely dip even lower this week, as bond yields continue to fall. The drop last week meant that 8.2 million 30-year mortgage holders could likely qualify for a refinance and save at least 0.75% off of their current interest rate by doing so. (WSJ)
What’s New?
You’ve listed your home for sale, but where are the offers? One month passes, then two. How long do you wait before you increase the odds of receiving an offer by dropping the price? Most home sellers often wait too long. A recent ShelterZoom survey revealed just under 20% said they would wait one month, while 17% would wait five months. For about 9%, it would take an entire year before they’d reconsider their price. 12% said they would never lower the price of their home. Sellers must remember the buyer sets the sale price of a home which simply means your home is only worth what someone is willing to pay. Setting the right asking price based on actual, comparable market conditions is always a critical component of a successful marketing strategy. Listen to the market and set your price accordingly. (Housingwire and Julie Whitmer)
You’ve listed your home for sale, but where are the offers? One month passes, then two. How long do you wait before you increase the odds of receiving an offer by dropping the price? Most home sellers often wait too long. A recent ShelterZoom survey revealed just under 20% said they would wait one month, while 17% would wait five months. For about 9%, it would take an entire year before they’d reconsider their price. 12% said they would never lower the price of their home. Sellers must remember the buyer sets the sale price of a home which simply means your home is only worth what someone is willing to pay. Setting the right asking price based on actual, comparable market conditions is always a critical component of a successful marketing strategy. Listen to the market and set your price accordingly. (Housingwire and Julie Whitmer)
What’s New?
Demand for single-family rental homes is surging, and homebuilders are now stepping in, redesigning and reimagining the sector — and becoming landlords themselves. In 2018, about 43,000 single-family homes were built for rent, the largest number in nearly 40 years according to National Association of Home Builders analysis of U.S. Census data. The built-for-rent share of housing starts is also rising, nearly double its recent historical average (from 1992-2012). (CNBC)
Demand for single-family rental homes is surging, and homebuilders are now stepping in, redesigning and reimagining the sector — and becoming landlords themselves. In 2018, about 43,000 single-family homes were built for rent, the largest number in nearly 40 years according to National Association of Home Builders analysis of U.S. Census data. The built-for-rent share of housing starts is also rising, nearly double its recent historical average (from 1992-2012). (CNBC)
Featured Properties
5591 Wells Lane, San Ramon, CA 94582
4 Bed | 3 Bath | $1,299,900 | Compass Listing
Former model home available for the first time in the desirable Windermere neighborhood. The well-laid floor plan has a bedroom and full bathroom on the main level, stairs that lead to the upper level with loft area, private master suite, 2 more bedrooms, full bathroom, and laundry. The gourmet kitchen features upgraded wood cabinetry, granite countertops, an island with breakfast bar, pantry, and stainless steel appliances. Spacious living room and dining room boast high ceilings with windows and plenty of natural light. The combined kitchen and family room with breakfast nook opens to a private fully landscaped backyard with patio.
5171 Bengali Street, Danville, CA 94506
4 Bed | 3 Bath | $1,298,000 | Compass Listing
Gorgeous Alamo Creek home with 3 bedrooms, an Office and a Loft, 3 baths is stylish and inviting with a design for comfort and elegance throughout. Gourmet kitchen has a lovely white cabinets, stainless steel appliances, granite counters and an island with a breakfast bar and an eating area. The master bedroom suite has views of the backyard, and contemporary master bathroom with two large walk-in closets, two separate vanities, separate water closet, shower and soaking tub. Beautiful hardwood floors, upgraded carpeting, custom window coverings, recessed, built-in cabinetry and office area. The yard has a large arbor, lawn area & professionally landscaped with pavers. Convenient to community pool and clubhouse, parks & top rated Danville schools.
1756 Cole Avenue, Walnut Creek, CA 94596
2 Bed | 2 Bath | $1,750,000 | Compass Listing
2 Bed | 2 Bath | $1,750,000 | Compass Listing
Sophisticated modern design + urban accessibility + views of Mt Diablo = the ultimate in luxury living in the heart of Walnut Creek. Single level open floor plan, engineered white oak floors, Bosch kitchen appliances, Italian designer light fixtures, abundant natural light, spacious rooms with 10' ceilings, outdoor terrace, in-unit laundry and plenty of indoor storage. Exclusive boutique building with elevator. Conveniently located close to BART, restaurants, shops and the vibrant downtown of Walnut Creek. Secure Garage with 2 assigned parking places and locked storage space. No steps to entry.
2344 Franklin Street, San Francisco, CA 94123
4 Bed | 2 Bath | $2,495,000 | Compass Listing
4 Bed | 2 Bath | $2,495,000 | Compass Listing
Classically beautiful and sophisticated top floor condominium in Pacific Heights. Beautifully remodeled & reimagined with newly reconfigured floorpan. Grand scale living room with two sets of bay windows that provide gorgeous natural light. Entertainer dream! Beautiful master bedroom with fireplace, plush carpet, walk-in closet and charming outlooks of Russian Hill. Luxurious bath with marble tub and designer floor tile. Timeless period details throughout including box beam ceilings, crown moldings, wainscoting and trim. In-unit washer and dryer. Common yard and Bay view Roof Top.
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Compass is a licensed real estate broker (01991628) in the State of California and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Exact dimensions can be obtained by retaining the services of an architect or engineer. This is not intended to solicit property already listed.