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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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Cupertino & Mountain View 3 Bedroom 2 Bath Median Home Prices

Cupertino & Mountain View 3 Bedroom 2 Bath Median Home Prices 2005 to August 2016

Cupertino And Mountain View have seen extraordinary price increases since 2011. Cupertino is known for its excellent schools and Mountain View for Google. Google’s plans for its new California HQ The final campus will be nearly 600,000 square feet. There will be 45,000 square feet of interior landscaping and nearly 20,000 square feet of public […]

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Palo Alto & Menlo Park 3 Bedroom 2 Bath Median Home Prices

Palo Alto & Menlo Park 3 Bedroom 2 Bath Median Home Prices 2005 to August 2016

Forbes has named Palo Alto at number 36, 85 and 97 (three ZIP codes) and Menlo Park at 120 for the most expensive residential real estate in the country. Forbes uses its own formula to compile the rankings, based on asking prices rather than closed sales. >Forbes Palo Alto & Menlo Park Ranking This data is 3 […]

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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 Bedroom 2 Bath Home Prices

Redwood City 3 Bedroom 2 Bath Median Home Prices 2005 to August 2016

Redwood City has seen phenomenal growth since 2010. It has been the choice for corporations causing a boom in employment and the demand for housing. Prices saw a steep increase from 2010. Strong bay area economy Limited inventory of homes for sale Low interest rate. The interest rate recently declined to 3.44%. Increase in employment. Redwood […]

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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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