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10 Years of Homeowner Equity

$849,971 of Equity After 10 Years of Home Ownership

$849,971 in Total Homeowner Equity 10 Years After a Home Purchase In San Mateo County Purchase a $1,000,000 Home $200,000 Down Payment $480,244 in Appreciation $169,727 Paid on Principle Total Equity $849,971 Mortgage Payment for a $800,000 loan $3600 vs Rental Rate = $4000 For a homeowner, property taxes and mortgage interest are deductible. Consult your […]

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First Time Buyer

First-Time Home Buyers Face New Challenges

This August 2016, the share of first-time buyers jumped to 51%. Last August, 35% of buyers identified themselves as first-time buyers. If there’s one thing that characterizes the residential real estate market in recent years, it’s that the supply of homes for sale has been low, low, low. Inventory might be low, but demand is […]

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Santa Clara & Milpitas 3 Bedroom 2 Bath Median Home Prices

Santa Clara & Milpitas 3 Bedroom 2 Bath Median Home Prices 2005 to August 2016

New $185 Million Santa Clara International Swim Center Project Approved, September 21, 2016. The Santa Clara International Swim Center has hosted and trained Olympic champions like Mark Spitz for decades. Those athletes have gone on to win 71 Olympic medals. The swimming facility was world class when it was built in 1968. Now, its age […]

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Atherton 3 Bedroom Median Home Prices 2005 to August 2016

Atherton continues to be a choice for those who want high end properties in an exclusive area. Atherton has, for the third year in a row, been named the home of the most expensive residential real estate in the country by Forbes Magazine, November 2015. In 2015, Atherton ranks in seventh place. Forbes uses its […]

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San Carlos & Belmont 3 Bedroom 2 Bath Median Home Prices

San Carlos & Belmont 3 Bedroom 2 Bath Median Home Prices 2005 to August 2016

San Carlos and Belmont has seen phenomenal growth since 2010. Prices saw a steep increase from 2010. Some of the reasons: Strong bay area economy Limited inventory of homes for sale Low interest rate. The interest rate recently declined to 3.44%. Increase in employment. San Mateo County has the lowest unemployment rate in the Bay […]

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3.8% Health Care Bill Tax

Beginning 2013, the health care bill imposed a 3.8% Medicare tax on taxpayers. The good news is, the capital gains tax exclusion – $250,000 for individuals and $500,000 for couples for a primary residence remains in effect. If the net profit from the sale of a home falls below the capital gains exclusion totals, it […]

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Net Worth & Home Equity

Net Worth to Rise Dramatically

Net worth will rise dramatically as home prices did from 2012 to 2014. A study by the Federal Reserve System finds that 61% of an American family’s net worth is in home equity. The average American Homeowner’s net worth peaked in 2007 to fall in 2010 following the same trend as median home prices. Median home […]

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Signing Contract

Trust Sale

What is a Trust? A Trust is a legal entity that can hold title to property for the benefit of one or more other persons or entities. A Trustee is a person or entity that executes the Trust and is responsible for managing the Trust assets. Beneficiaries are persons who are intended to benefit from the Trust. Beneficiaries own […]

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2010 Net Worth of Homeowners vs Renter

2010 Net Worth of a Homeowner vs Renter

In 2010, the net worth of the average homeowner was $174,500. The net worth of the average renter was $5,100 according to a study released by the Federal Reserve System. That gap will widen dramatically after the stunning recovery in prices we have seen since 2011 is included in the analysis. Net worth is directly […]

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Dramatic Bay Area Median Home Price Increases 2005 to August 2016

                  Bay Area median prices for 3 bedroom  2 bath homes bounced back after the mortgage crisis price drop  and continued to increase at a dramatic rate beginning in 2011. Market Trends Strong demand for homes continues Low housing inventory continues Prices between $900,000 t0 $1,200,000 are […]

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