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Showing posts from August, 2024

Desirable Santa Teresa Foothills Home with Expansive Living Space

  Check out this amazing opportunity to buy a spacious home in South Bay! Property Link: 6828 Endmoor Dr, San Jose CA 95119 Why this is a great opportunity?  It is located in Zip Code 95119 which had a very high pending ratio, meaning the demand for homes is higher than the available properties for sale. For Zip Code: 95119 in Jul 2024 The Median Listing Price was $1.4M The Median Listing Square Foot was 1669 sq ft The Median Listing Price Per Square Foot was $847 The Pending Ratio was 1.4 The Pending Ratio for the zip was ranked 3 out of 215 zip codes considered in the Bay Area. This home is spacious with 1961 sq ft and is priced at $764/sq ft. vs. the median price of $847 for the zip code. The house is also in good high school area. If you would like to see more of these updates on properties, please follow my blog or follow my page on Facebook.

What Mortgage Rate Are You Waiting For?

  You won’t find anyone who’s going to argue that  mortgage rates  have had a big impact on  housing affordability  over the past couple of years. But there is hope on the horizon. Rates have actually started to come down. And, recently they hit the  lowest point  we’ve seen in 2024,  according  to  Freddie Mac  ( see graph below ): And if you’re thinking about  buying a home , that may leave you wondering: how much lower are they going to go? Here’s some information that can help you know what to expect. Expert Projections for Mortgage Rates Experts say the overall downward trend should continue as long as inflation and the  economy  keeps cooling. But as new reports come out on those key indicators, there’s going to be  some volatility  here and there. What you need to remember is it’s not wise to let those blips distract you from the larger trend. Rates are still down roughly a  full percentage point...