@Home with Dreams by the Yard

Time to dust off the crystal ball... Expect the post-pandemic economic rebound, improving job conditions and stable interest rates to continue in 2021, according to a survey of more than 20 top U.S. economic and housing experts. Housing prices are expected to climb 8.0% next year and 5.5% in 2022, with 30-year fixed mortgage rates of 3.0% and 3.25% for 2021 and 2022, respectively. Dallas-Fort Worth, Atlanta, Phoenix, Indianapolis and Provo-Orem join five other metropolitan areas among NAR’s top 10 real estate markets during and in a post-COVID-19 environment.

During his run for the presidency, Biden’s campaign released a $640 billion housing plan. This plan includes assisting first-time homebuyers by providing them with a down payment tax credit of up to $15,000, which they could apply at the time of purchasing a home. For more, check out the full article.

Constant motion yesterday. 188 miles and 13 flights of stairs. An energized and encompassing Dreams by the Yard real estate sort of day. Started the day perusing Aptos vacation homes and the afternoon screening inventory for the quintessential San Francisco condo. What’s your dream? #dreamsbytheyard

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One of the few bright spots for home buyers and owners in 2020a year marred by a pandemic, economic recession, social unrest, wildfires, hurricanes, and a highly polarized presidential electionhas been rock-bottom mortgage interest rates. Homeowners, now is the time to lock in low rates. Even if you have what was a rock bottom 3-4% mortgage, taking some time to explore refinance options will be time well spent and shave $$ off your monthly payment, or allow you to pay off your mortgage years earlier. Bottom line, you’ll keep more money in your pocket that you can put to better use. Please feel free to reach out and I’ll point you in the right direction. #dreamsbytheyard

Rates are great! Despite the recession, the very low mortgage environment has spurred many first-time homebuyers and has driven a rebound in the housing market. There are opportunities out there in our local market. The question to ask, if not now, when? #dreamsbytheyard

Turn the page, your future self is waiting! Brookings Lane is set and ready for YOUR next chapter! Coveted South Sunnyvale neighborhood bordering Los Altos! Top Cupertino Schools, low traffic Cul-de-sac location, Ditz-Crane quality with room to spare! The spacious backyard with pool, spa and waterfall is an entertainer's dream with pergola and outdoor kitchen. A Formal Entry is the center of the home and leads to spacious Formal Living and Dining Rooms and separate Family Ro...om. A downstairs bedroom and full bath is ideal for multigenerational households and guests. The Master Suite is a sanctuary with remodeled spa-inspired bath with beautiful Craftsman details. Come turn the page! 3D walkthrough tour, photos, and floorpans at ===> www.1291brookings.com #dreamsbytheyard

One of the things I appreciate about my job is the ability to merge left and right brain activities. This morning, I’m out selecting flowers and shrubs to add that perfect touch to an upcoming listing. #dreamsbytheyard

Taken from the original Hanchett Park subdivision sales literature. We challenge comparison with any subdivision offered anyplace on the Peninsula, as far as quality of the improvements and location of tract are concerned. The amenities included electric streetlights, flush toilets, and a septic tank sewer system. Residents bought a lot and then commissioned an architect to design a home that met Hanchett’s design standards. Most of the homes were built between 1915 and 1930. @ San Jose, California #dreamsbytheyard

Elements of Eichler style: Inside. Outside. Harmony. #dreamsbytheyard

April 2020 Dreams by the Yard Report for Santa Clara County Unprecedented times indeed. The timing of the our local shelter in place implemented to "flatten the curve" of the Covid-19 pandemic coincided with the traditional ramp up in the SF Bay Area's spring real estate market. Sales of single-family, re-sale homes fell in March compared to last year. I think we all expected this amidst the Covid-19 pandemic. Home sales were down 16.7%. There were 612 homes sold in Santa Cl...ara County last month. The average since 2000 is 987. This compounds an already limited housing supply we've been experiencing through the years. There is some good news developing daily. We are seeing evidence that the shelter in place is working and reported cases are plateauing. Together we've covered a lot of ground in these last 40 days. We have a ways to go. The resumption of real estate as an essential function has allowed some sales to progress with strict social distancing guidelines. We expect more guidance from the governor's office in the coming weeks for the resumption of non-essential contracting, landscaping, staging and other services to allow the real estate market to fully regain its footing. There is has been talk of the real estate gaining momentum in the June/July time frame. I agree. Market fundamentals are good the interest rate environment is the best its been in years. Above all, we will have plans in place to provide safety and keep the coronavirus spread in check as we move toward the fall season. I take great joy in my role as educator, facilitator, and negotiator, and look forward to being of service to you. I'm always available for your questions about this topic, or any other real estate questions. In the mean time, check out my report below for more stats and info on the current market. Above all, please be safe. Be well. We will make it through this together.

A good read, however keep in mind that real estate is hyper-local. Santa Clara County inventory has historically tight since the 2008-2010 downturn. There is pent up demand that may well be balanced by job losses and recession. We have our own micro-economy here. Pay attention to Apple, Google, Facebook employment numbers as leading indicators.

Even though we’re all being called upon to practice #SocialDistancing right now, there are still ways to stay safely connected to our communities. Nothing’s better than getting together in person, and we miss that. Fortunately necessity is the parent of invention and our family has been leveraging new ways to socialize from a distance. We’ve had fun with these, and hope that you can too! SCHEDULE A VIRTUAL HANGOUT... Use a group video conferencing tool like Google Hangouts or Zoom to facilitate a virtual happy hour or book club. HOST A NETFLIX PARTY Netflix Party adds group chat to movies and shows while synchronizing your viewing experience with friends. PLAN A VIRTUAL GAME NIGHT Challenge your pals to a round of Psych or Yahtzee via computer or smartphone app. ORGANIZE A CHALK WALK Encourage children to use sidewalk chalk to decorate their drivewaysand then stroll through the neighborhood to see everyone’s creations! If you’re feeling isolated right now, please realize that you are not alone. I want to be a resource to our friends and community through good times and bad. If you and your family are in need of assistance, please reach out and let me know how I can help. #DontBeASpreader #FlattenTheCurve #HoldTheLine

While much of the American economy falters and unemployment soars, tech companies in the Bay Area the industry’s heartland are seeing demand for their services soar. Some are even hiring.