We are in transition from the spring to summer real estate seasons. The spring real estate market showed strong activity nationwide: existing-home sales rose strongly in May, inventory grew, and all four regions of the country experienced sales gains. In many places across the U.S., properties often sold at higher prices, and some sold with multiple offers. The median time for all homes on the market, nationally, was 47 days.
Lawrence Yun, the National Association of Realtors Chief Economist, reports current sales activity in the second quarter rebounded after a lackluster first quarter. Total existing-home national sales, which include single-family homes, townhomes and condos, rose 4.9% in May. June statistics are not finalized yet but show continued growth.
As we enter the summer season, what can we expect? As of now, the market in the Bay Area is still showing buyer competition for homes - especially in certain price ranges. With steady to declining interest rates and an increasing inventory of homes for sale, this is becoming good
news for homebuyers.
As always, if you want to further evaluate your options, contact me anytime: email@example.com.
Articles and Advice
What Home Buyers and Sellers Should Know about Housing Affordability
By: Jill Hamilton
If you're thinking about buying or selling, here are some factors to consider.
Summer Friendly Landscapes
Help conserve water and ditch the thirsty greens for these easy yard alternatives.
Q: Since a buyer will probably do their own home inspection,
shouldn't I just wait and let him or her find any issues regarding my house?
A: Most of us think our home is in fantastic condition. After all, we have the furnace maintained regularly, fix major appliance issues, repair the roof, and clean the gutters seasonally.
But before you have an accepted offer from a buyer, that buyer is already evaluating the condition of your home. Almost unconsciously, he or she will flick on switches, open and close top drawers, doors and gates, and hold the handrail as he goes upstairs. The buyer may even try to open a window or window coverings.
These are good signs as it shows the buyer has serious interest in the home. But, if the buyer notices a bunch of things that are a bit unreliable, he or she may jump to the conclusion that the whole place needs work.
Since these little fixes are usually inexpensive to fix, try acting like a buyer and walk around with a critical eye. The fewer issues found, the easier the escrow once you accept an offer.
Families going through foreclosure have to make very hard decisions, and sometimes are no longer able to care for their pets. Dogs and cats often end up in public shelters– racing the clock as they hope for adoption. That’s where Tony La Russa’s Animal Rescue Foundation, or ARF, comes in. The ARF team rescues pets who are about to run out of time in these shelters, provides care and comfort, and then finally matches them with the perfect owners.
I double-dog dare you to look at 9-week-old Fernando and NOT smile. This cute little guy is a terrier/chihuahua mix, and seems to love all ages of humans. He's active and adventurous - all 3 pounds of him.
To find out more about Fernando or any of the other ARF pets looking for a home, click on the link below.
Orinda Concert in the Park
Every Tuesday through August, 6:30-8:30
Orinda Community Center Park
Enjoy live music at the park every Tuesday evening this summer! Click below for the schedule.
Lafayette USC Show and Picnic
Bring a picnic and a blanket and enjoy music with Operation Swingtime, a show honoring veterans!
Berkeley Kite Festival
Saturday and Sunday, July 26th and 27th
Cesar E. Chavez Park, 11 Spinnaker Way, Berkeley
Live music, food, tons of events for kids, and of course, kite-flying make up this festival, now into it's 29th year! Park at the $15 lot at Golden Gate Fields and take the free shuttle to the festival.
Many of you know that I have a passion for good wine. I’ve even grown grapes and made my own. I’ve also belonged to a wine group for about 20 years. Every month we get together for a blind tasting and then rank the wines we try.