Tuesday, July 11, 2017

The Federal Reserve Increases Interest Rates, but Slow Inflation Keeps Mortgage Rates Low

From the Pacific Union blog:
While the Fed's decision was anticipated and already accounted for by the market, what lies ahead is less than certain.  The Fed is expected to increase rates again this year, but concerns over slow inflation may affect future decisions---read more:  http://bit.ly/2uNv7Ui  For more on how the rates affect you, cal FRITZ.

Wednesday, June 21, 2017

The Bay Area's Five Fastest Appreciating (and Depreciating) Housing Markets

From the Pacific Union blog:  Home prices rocketed up about 30 percent year over year in the first four months of 2017 in one Marin County community, while they fell by about the same amount in a trendy San Francisco enclave.  Find out which 10 Bay Area ZIP codes experienced the largest housing price gains and losses.  Details are online at http://pacunion.us/2t5Sjw6 .

No Vacation Necessary: The Best Bay Area Summer 2017 Events

From the Pacific Union blog:  If you're skipping a summer vacation to house hunt while the competition is less intense, fear not:  There are plenty of events to entertain you all around the Bay Area.  Check them out at http://pacunion.us/2sy7cKD. For all your real estate needs, call FRITZ.

Friday, June 2, 2017

Four High Return Updates for the Home

Do you have a list of changes you'd like to make to your home this year?  Completing cosmetic updates is easiest when the weather's in your favor.  In honor of May's National Home Improvement Month, here are four upgrades ranging from curb appeal projects to large expansions that often yield high returns.
1.  Replacing doors and windows:  Home owners are often encouraged to consider projects that boost curb appeal.  Swapping out a wooden front door for a steel model or replacing front-facing windows can pack more of an ROI punch than renovations made inside the home.
2.  Constructing a deck:  Create a beautiful transition from your back door to the outdoors by building a deck.  The update turns into a major selling point that can recoup your initial investment.
3. Adding insulation:  Of all the projects listed in Remodeling magazine's 2017 Cost vs. Value Report, adding loose-fill insulation to your attic is the only one with returns that exceed 100 percent of the cost.
4.  Building a second-story addition:  Even with a slight increase in construction costs, completing a significant two-story addition resulted in a substantial year-over-year increase in value from 2016 to 2017.  Home renovations and repairs are on the rise and expected to peak this year.  Now's the time to start planning your investment-savvy home improvements.

Thursday, May 25, 2017

U.S. Homes Are Selling Faster Than Ever This Spring

From the Pacific Union blog:
Serious home shoppers who are hitting the open house circuit hard during the traditionally busy spring season should not hesitate long, as properties are flying off the market quicker than ever before. That's especially true here in the Bay Area, where homes continue to sell at among the fastest pace in the nation. http://bit.ly/2rDCQW3 .  For more information about buying or selling a home, call FRITZ.

Friday, May 19, 2017

Bay Area Home Sales Slide in April — Except for Luxury Homes

From the Pacific Union blog:
Bay Area home sales dipped from March to April, which is not consistent with typical seasonal patterns.  Pacific Union Chief Economist Selma Hepp examines the latest numbers and trends in a new Straight Talk column. http://bit.ly/2qC5PZs 

Tuesday, May 2, 2017

California Creates 20 Percent of US Jobs in March

Pacific Union Economic Straight Talk:
According to the latest numbers from the California Employment Development Department, the state added 19,300 jobs in March, which is one in five positions that were created nationwide. Read more..
http://bit.ly/2qBytXc .  For more information about this and all your real estate needs, call FRITZ.

Lawn Care: Know the Difference Between Not Enough and Too Much

From the Pacific Union blog:
Lawn-care experts will tell you that all landscaping mistakes by homeowners ultimately come down to two errors:  not paying enough attention to your home's outdoor space and paying too much attention to it.  http://bit.ly/2quW2Ss .  Call FRITZ for all you real estate needs!