Archives

Why 2018 is the Year to Sell Your Home: An Economic Overview

Posted on June 12, 2018 by Admin

Considering selling your home or real estate investment? Projected economic and job growth coupled with an anticipated rise in interest rates (toward the end of this year and into the future) means that this spring and summer is the perfect time to sell your home. High demand and low housing inventory has made the first half of 2018 a seller’s market in the majority of the top housing markets in the United States.

This is a rare opportunity for sellers— you may get more than your asking price. Buyers are eager to close before the anticipated rise in mortgage payments; and the market is competitive, leading to bidding wars that are raising sales to well above listing prices, increasing your profits.

OUR ECONOMY: According to real estate economists, the economy will continue to grow over the course of the next 3 years, with 2.8% projected growth in 2018. Although the forecast is looking good for long-term growth, the anticipated surge may slow to 2% by 2020.

INVESTMENT ACTIVITY AND HOME PRICES: An economic rise featuring continuous job growth is expected to generate a boost in investment activity, making 2018 a perfect time to sell. “It appears that the forecast for strong economic growth may lead to higher levels of investment activity. According to urbanland.uli.org, survey respondents increased their expectations for transaction volumes for 2018 and 2019 (up $23 billion in 2018 and up $11 billion in 2019).” Alongside the increased investment activity, we will likely see a continuous rise in prices of homes over the course of 2018. Home prices will continue to surge until 2020, but at a decreased pace (5% in 2018 and 2.3% in 2020).

INFLATION AND INTEREST RATES: There is some anticipation that inflation rates will be on the rise until 2020 (resulting from the GDP growth rate). As inflation progresses, interest rates also increase leading to higher mortgage payments. We have already begun to witness the widespread anxiety that stemmed from an initial increase in interest rates— the stock market swing in early 2018.

So what does this mean if you are selling your home or property?  

Buyers will likely feel a growing sense of urgency to invest now, before rates surge even higher. Lingering fear from the housing collapse a decade ago may prevent potential buyers from investing as they see interest rates continue to climb. Although the fear is understandable, the average mortgage payment (adjusted for inflation) still falls approximately 36% below what we were paying back in 2006. Nonetheless, we may see some buyers leaving the market.

There is low housing inventory and buyers are ready to find their homes… But don’t wait too long, because your perfect buyers may decide to wait out this next cycle of economic uncertainty and the advantageous bidding wars that can escalate your returns $50k-300k will disappear with them.

Contact me at 707.322.2000 for information about selling your home in Northern California.

*Economic data taken from the most recent ULI Real Estate Economic Forecast

 

News This Week: Knowing When to Buy & Residential Innovation

Posted on May 18, 2018 by Admin

EACH WEEK WE COLLECT TOP STORIES HOT OFF THE PRESS FOR YOUR WEEKEND CLICKING PLEASURE.

Knowing When to Buy
Buying your first home is very exciting and rewarding — “a point of pride and something to celebrate.” Here are some suggestions to get the very best home you can. READ MORE

A Different Perspective On High Rent Prices
The Bay Area’s notoriously pricey real estate market affects renters in ways you may never have imagined. Rent control can make a place affordable, but ultimately leave you feeling stuck. READ MORE

San Jose’s 10,000 Tiny Homes
In an effort to increase housing for Silicon Valley, a non-profit called Soup is working to make building secondary units easier. Soup aims “to build 10,000 homes in 10 years, by erecting prefabricated granny flats in backyards or on other unused parcels.“ READ MORE

Summer Stargazing
With summer just around the corner, we love this reminder to get outside and enjoy the night sky. Find out where you can go for exquisite night views all summer long. READ MORE

Wild Iris Retreat Open House this Saturday 11-4pm

Posted on May 17, 2018 by Admin

 

Wild Iris Retreat in Anderson Valley 

OPEN HOUSE

Date: Saturday, May 19th
Time: 11Am – 5PM
20500 Tumbling MdD Road
Philo, CA 95466

Do you love Anderson Valley? Join us at our open house this Saturday, May 19th from 11am – 5pm at Wild Iris Retreat — just 11 miles away from the Anderson Valley Pinot Noir Festival happening all weekend long! Stop by for gourmet snacks, jeep tours and an inside view into one of the most enchanting properties to hit the market this year. Wild Iris Retreat is an exquisite 300+ acre property bordering the Navarro river with plenty of sunshine and shaded groves of towering redwoods. Featuring a large main house, two guest houses, a 90K gallon pool, a beautiful stone spa, and a dance hall, this is an opportunity you won’t want to miss!

 


Learn More About Wild Iris Retreat: CLICK HERE

 

 

 

21st Anderson Valley Pinot Noir Festival & Exclusive Property Tours at Wild Iris Retreat

Posted on May 15, 2018 by Admin

Anderson Valley Pinot Noir Festival

Celebrating One Varietal – One Appellation

Anderson Valley is hosting a world-class wine festival featuring Pinot Noir from over 50 local producers. The Pinot Noir Festival is a weekend full of wine, live music, farm fresh gastronomes and local art.

WHEN: May 18-20, 2018
WHERECamp Navarro in Navarro, CA — 11 miles from Philo and 17 miles from Boonville in Mendocino County
WHAT: Three full days of Pinot Noir paired with delicious food, music & celebration.

Tickets are on sale now, so don’t miss your chance to savor world renowned Pinot Noirs and meet the winemakers!

– Attend the Grand Tasting on Saturday only — Purchase Tickets HERE
– Purchase Tickets for all 3 days HERE

To learn more details about all of the events, driving directions and participating wineries, check out the video below and view the event’s WEBSITE.

Do you love Anderson Valley? Pair the Pinot Festival with our upcoming open house this Saturday, May 19th from 11am – 5pm at Wild Iris Retreat — just 11 miles away! Stop by for gourmet snacks, jeep tours and an inside view into one of the most enchanting properties to hit the market this year. Wild Iris Retreat is an exquisite 300+ acre property bordering the Navarro river with plenty of sunshine and shaded groves of towering redwoods. Featuring a large main house, two guest houses, a 90K gallon pool, a beautiful stone spa, and a dance hall, this is an opportunity you won’t want to miss!

Wild Iris Retreat Open House:
Saturday, May 19th
11Am – 5PM
20500 Tumbling MdD Road
Philo, CA 95466

Learn More About Wild Iris Retreat: CLICK HERE


*festival images by AV Wines