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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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Mortgage Interest Rate

US average 30-year mortgage rate declines to 3.44%

The average 30-year fixed-rate mortgage declined to 3.44% from 3.46% last week, according to Freddie Mac. The average rate is down from 3.90% a year ago, and is close to its all-time low of 3.31% in November 2012 Sept 8 2016         3.44% Sept 1 2016         3.46% Sept 2015            3.90% Nov 2012             3.31% The […]

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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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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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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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Signing Contract

How Buyers Can Stand Out in a Multiple-Offer Market

Multiple Offers Return Buyers have gone from wondering if the real estate market had reached bottom to a strong seller market with a competitive multiple offers. Local economies have bounced back Housing inventory remains very low Interest rates remain very low Creating strong demand for housing Prices escalated at an extraordinary pace beginning in 2012 […]

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First Time Buyer

7 Reasons to Own Your Own Home

1. Tax Benefits The U.S. Tax Code allows deductions for the interest you pay on your mortgage, property taxes you pay, as well as some of the costs involved in buying your home. 2. You Build Equity Every Month Through Appreciation:  Your home investment grows in value. 3. Home owner equity is a substantial component of home owner […]

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