Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Aug. 20, 2019

Non-QM Asset Depletion

Posted in Program
Aug. 19, 2019

Today's tip: De-cluttering makes your home more inviting to homebuyers

Posted in Tips & Strategies
Aug. 16, 2019

MaxReal Open Houses: Sat 8/17 & Sun 8/18

Click on each property image or address to view more details!

 


18110 Constitution Ave
Monte Sereno, CA 95030

$4,999,000
Sat 8/17, 1:30PM - 4:30PM
Sun 8/18, 1:30PM - 4:30PM



5640 Kimberly St
San Jose, CA 95129

$2,868,000
Sat 8/17, 1:30PM - 4:30PM
Sun 8/18, 1:30PM - 4:30PM



20436 Via Palamos
Cupertino, CA 95014

$2,140,000
Sun 8/18, 2:00PM - 5:00PM



5441 Kaveny Dr
San Jose, CA 95129

$1,998,000
Sat 8/17, 1:30PM - 4:30PM
Sun 8/18, 1:30PM - 4:30PM



871 Lakehaven Dr
Sunnyvale, CA 94089

$1,988,888
Sun 8/18, 1:45PM - 4:45PM



1262 Cobblestone Dr
Campbell, CA 95008

$1,748,000
Sun 8/18, 1:00PM - 4:00PM



3271 Pappani Way
San Jose, CA 95148

$1,588,000
Sat 8/17, 1:30PM - 4:30PM
Sun 8/18, 1:30PM - 4:30PM



1171 Culligan Blvd
San Jose, CA 95120

$1,498,880
Sat 8/17, 1:00PM - 4:00PM



4226 Tobin Cir
Santa Clara, CA 95054

$1,398,000
Sat 8/17, 1:30PM - 4:00PM
Sun 8/18, 1:30PM - 4:00PM



2083 Purcell Pl
San Jose, CA 95131

$1,350,000
Sat 8/17, 2:00PM - 4:00PM
Sun 8/18, 2:00PM - 4:00PM



1580 Mission Avenida
Morgan Hill, CA 95037

$1,145,000
Sat 8/17, 1:00PM - 4:00PM



737 Bridge Creek Dr
San Ramon, CA 94582

$1,098,000
Sat 8/17, 1:30PM - 4:30PM



2133 Pruneridge Ave
Santa Clara, CA 95050

$1,090,000
Sat 8/17, 2:00PM - 4:00PM
Sun 8/18, 2:00PM - 4:00PM



1951 Dry Creek Rd
Campbell, CA 95008

$1,028,000
Sat 8/17, 1:30PM - 4:30PM
Sun 8/18, 1:30PM - 4:30PM



1349 Morning Glory Cir
Livermore, CA 94551

$950,000
Sat 8/17, 2:00PM - 5:00PM
Sun 8/18, 1:00PM - 4:00PM



369 Allegan Cir
San Jose, CA 95123

$929,000
Sun 8/18, 2:00PM - 4:00PM



101 Esfahan Dr
San Jose, CA 95111

$858,888
Sat 8/17, 1:00PM - 5:00PM



2567 Village Dr
Union City, CA 94587

$698,000
Sat 8/17, 1:30PM - 4:30PM
Sun 8/18, 1:30PM - 4:30PM



350 N 2nd St #123
San Jose, CA 95112

$688,000
Sat 8/17, 2:00PM - 4:30PM
Sun 8/18, 2:00PM - 4:30PM



17166 Creekside Cir
Morgan Hill, CA 95037

$675,000
Sat 8/17, 1:30PM - 4:30PM
Sun 8/18, 1:30PM - 4:30PM



1572 Four Oaks Cir
San Jose, CA 95131

$599,998
Sat 8/17, 2:00PM - 5:00PM
Sun 8/18, 1:30PM - 5:00PM



1161 N Abbott Ave
Milpitas, CA 95035

$520,000
Sat 8/17, 1:30PM - 3:30PM



3695 Stevenson Blvd #E301
Fremont, CA 94538

$468,000
Sat 8/17, 1:00PM - 4:00PM



39843 Cedar Blvd #217
Newark, CA 94560

$419,000
Sat 8/17, 1:00PM - 4:00PM


Posted in Open Houses
Aug. 16, 2019

NAR: Housing affordability has increased due to better rates

According to the National Association of Realtors, housing affordability jumped 10% in June from a year earlier, with the biggest factor being the drop in mortgage rates making it easier for people to buy homes. Don't miss out on this opportunity!

NAR: Cheap mortgage rates are improving home affordability
"The cheapest financing in almost three years is making it easier for Americans to buy homes. The Housing Affordability Index from the National Association of Realtors increased to 151.9 in June from 137.7 a year earlier in June. That’s a jump of 10 percent. A higher reading means homes are getting more affordable, per NAR’s magic sauce that measures prices, incomes and financing costs. "
Posted in Tips & Strategies
Aug. 15, 2019

Understanding the EMD: How sellers can keep it

Can the homebuyer get the earnest money deposit back for any reason? Or can the homeseller keep it as fair compensation if a deal goes south? Read on to learn more about the EMD.

Earnest Money Deposit: How Home Sellers Can Keep It Fair and Square
"Here's everything a home seller needs to know about earnest money, and how to keep the funds if possible when a sale goes south."
Posted in Tips & Strategies
Aug. 14, 2019

How much money do you need to buy a home?

You want to buy a home, but you don’t have a 20 percent down payment saved. The good news is that in many cases, home buyers don’t need that much money to buy a home. But you’re going to have to set aside some money. How much? And how can you save the amount you need?

You’ll want to start by meeting with a reputable lender to see how much house you can afford and determine which types of home buying programs you may qualify for. While many conventional home loans require a 20 percent down payment, there are numerous other options available for those with more limited funds. If you are a veteran or member of the military, you could qualify for a VA loan. There’s also the popular Federal Housing Administration and USDA loan programs. Many states and even cities offer a variety of home buying assistance programs as well. Meeting with a lender is a wise move because you’ll get an idea of how much down payment you’ll need to save based on your individual circumstances, credit score and debt load.

Once you have an idea of how much house you can afford and how much money you need, you’ll want a plan. Suppose you qualify for a $200,000 home and need to save $5,000 before you can buy. A plan will help you reach your goal. Check with housing counseling agencies, nonprofits and universities in your area; many offer great programs designed to help prospective home buyers prepare for home ownership and save a down payment. Many people find it useful to calculate a monthly savings goal.

While you’re saving for a down payment, you’ll want to review your spending habits. Do you need to pay for a premium cable package? The deluxe cell phone plan? Daily trips to Starbucks? Cutting down or cutting out small and large budget items can help you free up more cash. Start reading frugal living web sites such as MoneySavingMom.com for ideas on saving more and spending less.

Avoid large purchases on credit and keep trying to pay down debt. Try not to be discouraged if you face a financial setback, such as an unexpected car repair, while you’re saving for a home. Enlist friends and family to provide encouragement and keep you motivated. You may be surprised at how quickly you’re able to build your savings. Good luck!

Posted in Tips & Strategies
Aug. 13, 2019

Prime & Super Prime Non-QM

Posted in Program
Aug. 12, 2019

Did you know? Millennials are driving the refi boom

The latest numbers show that millennials are driving the mortgage refinance boom. Stay in the know with our market updates and don't miss out on this great opportunity.

 Millennials drive mortgage refinance boom, and lenders are scrambling
"Refinance applications were up a stunning 116% this week compared with a year ago, according to the Mortgage Bankers Association. [...] Millennials were especially reactive to the rate drop. In June 2018, just 8% of millennial mortgage applications were to refinance; the rest were to buy a home. This June that jumped to 14%, according to Ellie Mae."
Posted in Tips & Strategies
Aug. 9, 2019

MaxReal Open Houses: Sat 8/10 & Sun 8/11

Click on each property image or address to view more details!

 


5640 Kimberly St
San Jose, CA 95129

$2,868,000
Sat 8/10, 1:30PM - 4:30PM
Sun 8/11, 1:30PM - 4:30PM



20436 Via Palamos
Cupertino, CA 95014

$2,140,000
Sun 8/11, 2:00PM - 5:00PM



871 Lakehaven Dr
Sunnyvale, CA 94089

$1,988,888
Sat 8/10, 1:45PM - 4:45PM
Sun 8/11, 1:45PM - 4:45PM



3271 Pappani Way
San Jose, CA 95148

$1,588,000
Sat 8/10, 1:30PM - 4:30PM
Sun 8/11, 1:30PM - 4:30PM



1171 Culligan Blvd
San Jose, CA 95120

$1,498,800
Sat 8/10, 1:00PM - 4:00PM



4226 Tobin Cir
Santa Clara, CA 95054

$1,459,000
Sat 8/10, 1:30PM - 4:00PM
Sun 8/11, 1:30PM - 4:00PM



2083 Purcell Pl
San Jose, CA 95131

$1,200,000
Sat 8/10, 2:00PM - 4:00PM
Sun 8/11, 2:00PM - 4:00PM



1580 Mission Avenida
Morgan Hill, CA 95037

$1,195,000
Sat 8/10, 1:00PM - 5:00PM
Sun 8/11, 1:00PM - 4:00PM



2133 Pruneridge Ave
Santa Clara, CA 95050

$1,090,000
Sat 8/10, 1:00PM - 4:00PM
Sun 8/11, 1:00PM - 4:00PM



471 Wainwright Ave
San Jose, CA 95128

$1,088,000
Sat 8/10, 1:30PM - 4:30PM
Sun 8/11, 1:30PM - 4:30PM



912 Campisi Way #114
Campbell, CA 95008

$1,070,000
Sat 8/10, 1:00PM - 4:00PM
Sun 8/11, 1:00PM - 4:00PM



1356 Shelby Creek Ln
San Jose, CA 95120

$1,068,000
Sat 8/10, 1:30PM - 4:30PM
Sun 8/11, 1:30PM - 4:30PM



1951 Dry Creek Rd
Campbell, CA 95008

$1,058,000
Sat 8/10, 1:30PM - 4:30PM
Sun 8/11, 1:30PM - 4:30PM



101 Esfahan Dr
San Jose, CA 95111

$858,888
Sat 8/10, 1:00PM - 5:00PM
Sun 8/11, 1:00PM - 5:00PM



2567 Village Dr
Union City, CA 94587

$698,000
Sat 8/10, 1:30PM - 4:30PM
Sun 8/11, 1:30PM - 4:30PM



350 N 2nd St #123
San Jose, CA 95112

$688,000
Sun 8/11, 1:30PM - 4:30PM



17166 Creekside Cir
Morgan Hill, CA 95037

$675,000
Sat 8/10, 1:30PM - 4:30PM
Sun 8/11, 1:30PM - 4:30PM



38381 Princeton Ter #7
Fremont, CA 94538

$577,777
Sat 8/10, 1:30PM - 4:30PM



1161 N Abbott Ave
Milpitas, CA 95035

$500,000
Sat 8/10, 1:30PM - 3:30PM



3695 Stevenson Blvd #E301
Fremont, CA 94538

$468,000
Sat 8/10, 1:00PM - 4:00PM


Posted in Open Houses
Aug. 9, 2019

Market trend update: How IPOs have impacted SF Bay Area housing market

The San Francisco Bay Area housing market has benefited from recent IPOs that have moved the economy and housing prices forward. Combined with the recent interest rate cut, this is great opportunity here that homebuyers must not miss!

Here’s How The Hot Bay Area IPOs Have Impacted The Housing Market So Far
"As the Fed cut interest rates [...], that's especially good news for buyers. Even in pricey Bay Area markets, their millions will get them more home. 'I would say a lot of these folks have done one IPO circle in previous companies and they could be upgrading to their next home with the expectation to cash in. Banks will sometimes work with them,' Hepp concludes."
Posted in Tips & Strategies