What’s New...In 2005, 7.08 million homes were sold in the USA. In 2019, only 5.34 million homes were sold, roughly 24.5% less. However, the US population grew almost 12% from 295 million in 2005 to over 330 million today. In 2005 1,283 million new homes were sold.....in 2019 just 683,000 were sold, almost half. In 2005 over 2 million new-build homes were started.....for the last ten years that number has ranged between 600,000 and 1.6 million. There were 15.1 million housing starts in total from 2000-2009, however from 2010 to 2019 there were under 10 million housing starts. The USA is under-building, encouraging renting versus owning, causing unaffordability for both buyers and renters. Is it surprising that rent increases have outpaced the rate of inflation for most of the decade? Would you rather have a higher mortgage payment that ultimately builds equity or a higher rent payment that doesn’t?
Comparing February 2020 to 2007 - just as the GREAT RECESSION was beginning - today only 6.6% of home owners have less than 10% equity in their homes: in 2007 that figure was more than DOUBLE at 14.5%. The average loan-to-value ratio is around 53% where it was about 62% in 2007. Almost 10% fewer homeowners have a mortgage too. (Black Knight/Urban Institute)
Real estate continues to rank as the top investment pick for the majority of Americans (35%), ahead of stocks and bonds (21%), savings accounts (17%) and gold (16%). (CNBC)
3 Bed | 3 Bath | $1,350,000 | Julie Whitmer
Incredible VIEWS and open space surrounds!!! This contemporary home is freshly painted, new LP siding, newer windows and doors. Leased solar system. This home offers three bedroom suites with main level master suite, All white kitchen with granite countertops. A uniquely private setting in Alamo just moments to the freeway and close to shopping, schools and parks.
3 Bed | 2.5 Bath | $3,650/Monthly | Julie Whitmer
Available for Lease. Beautiful corner unit with high ceilings, fresh paint, new carpet, updated master bath. Kitchen features quartz countertops, stainless steel refrigerator and is open to dining and living spaces. Fantastic California Sunridge neighborhood with Community Pool and Spa. Convenient location near shopping, dining, movie theater and freeway.
4 Bed | 2.5 Bath | $1,299,000 | Julie Whitmer
This Beautifully updated Danville Place home has an incredible park-like backyard with gorgeous sunset views of the Las Trampas Hills!
This home has 4 bedrooms and 2.5 bathrooms on a beautiful flat lot. The white kitchen features stainless steel appliances, and island for extra work space and take in the views! The large formal dining room adjoins the formal living room with vaulted ceilings. The backyard is perfect for entertaining, play ball on the sport court, or roam on the large grassy area. The updated master bathroom has two vanities, marble floors and a spacious walk-in master closet. Just a few blocks to the neighborhood greenbelt, playground and Danville Place community pool which also has a toddler pool and tennis courts. Close to freeway access, Osage Park and the Iron Horse Trail. Here’s an opportunity to bike to downtown Danville and attend the award-winning Danville schools!
5 Bed | 5.5 Bath | $3,295,000 | Compass Listing
Enter through a beautiful courtyard to this elegant and inviting contemporary Spanish villa with two luxurious master suites with one downstairs and one upstairs with additional private stairwell entry from the outside. The villa offers a separate guest house with a kitchenette, a large 3 car garage and a spacious motor court. The home is offered beautifully furnished and ready for the season!
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Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity.