Silicon Valley Equities

Why is it important for a real estate agent to be local? Houses and neighborhood prices can differ for a multitude of reasons. For example, whether or not a house is in an incorporated area, or it is part of the county but has the zip code and name of a city only for mail purposes. Many implicit factors come into play.

Free virtual residential real estate consultation for buyers and sellers, July 18th and 19th. To sign up, just message us below. Have all your real estate questions answered. Prize giveaway and much more! Contact us today for all your real estate needs. REALTOR | Silicon Valley Equities | BRE # 01804031 | PH: (650-222-2587)

Rates are forecast to stay around record lows, according to Freddie Mac. Contact me for a referral to one of the best loan agents.

pendingsold.com

Hi Friends, I just wanted to let you know that I have access to the best valuation tools and cover all of California. Prices in California vary by a lot! You can by a house or piece of land with as little as $25k. Reach out to me to get reports instantly!

If you were waiting to buy a home in an economic slowdown, like in 2008, and wonder why the prices have not dropped with so much craziness, I will try to elucidate why below. Since 2017, on average, when prices changed by 1 percent in San Mateo County, the number of new listings changed by 8 percent. This suggests homeowners are fairly responsive to price. That is, the supply of homes available changes more than the change in price. The only time that the supply of housing was not responsive to the price happened in 2008. But 2008 was an exception! In 2020 prices of homes have not dropped a lot even amid a pandemic because sellers responded by decreasing supply, and this kept prices steady.