Activity & Loan Limits Up as 2011 Comes to an End

Under Contract: 1825 Catherine St in Santa Clara $453,000 **Bank Approved Short Sale**
Under Contract: 3865 Canyon Heights Dr in Fremont $362,000
SOLD: 210 Mariposa St in Mountain View $812,000

Higher FHA loan limits reinstated for high-cost housing marketsUncle Sam has thrown California and other high-priced housing markets a lifeline. President Obama on Friday signed into law a bill that will reinstate higher limits for Federal Housing Administration-backed mortgages in high-cost areas. In expensive housing areas such as Los Angeles and Orange counties, the limit for these FHA-backed loans had dropped to $625,500 from $729,750 on Oct. 1. The change became effective ...

Contracts to buy homes hit highest level in a yearWASHINGTON -- The number of Americans who signed contracts to buy homes jumped in October to the highest level in a year. But the gain follows three months of declines and isn't enough to signal a housing recovery. The National Association of Realtors said Wednesday its index of sales agreements rose 10.4 …

Market Recap
The chart below shows that cities east of highway 880 are still experiencing a very high demand for housing.

For Comparison: Sales in the cities west of highway 880 are becoming stronger.

Market Snapshot

The table represents aggregated values based on MLS data for the specified date.

* Mortgage rates were collected from publicly available sources (yahoo.com) on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

I provide guidance and build confidence in people, enabling them to reach their full potential and turn their dreams into reality.
Warm regards,
Nathan Nahouraii
Direct: (408) 404-6444
Direct: (415) 236-3826
Direct: (650) 352-5322
nathan@nathanproperties.com
www.nathanproperties.com

New Construction UP & Unemployment DOWN

Under Contract: 1825 Catherine St in Santa Clara $453,000 **Bank Approved Short Sale**
Under Contract: 210 Mariposa St in Mountain View $812,000

US builders spent slightly more in September; second straight monthly increase
WASHINGTON -- U.S. builders spent slightly more in September on home construction, partially offsetting losses in public schools, roads and government offices. Construction spending rose 0.2 percent in September from August to a seasonally adjusted annual rate of $787.2 billion, the Commerce Department said Tuesday. It was the second straight monthly increase. Still, spending is barely half the $1.5 trillion that economists consider healthy. Through first nine months of the year, spending is at $580.9 billion, about 3.5 percent below the same period in 2010. Analysts say it could be four years ...

National Unemployment Rate Falls to 9.0%
The nation’s unemployment rate slipped to 9.0 percent in October, as employers added 80,000 new jobs to their payrolls, according to data released Friday by the U.S. Department of Labor. Officials called the rate “little changed,” down from 9.1 percent the month before. The unemployment rate has remained in a narrow range from 9.0 to …

Market Recap
The chart below shows that cities east of highway 880 are still experiencing a very high demand for housing.

For Comparison: Sales in the cities west of highway 880 are becoming stronger.

Market Snapshot

The table represents aggregated values based on MLS data for the specified date.

Warm regards,
Nathan Nahouraii
Direct: (408) 404-6444
Direct: (650) 352-5322
nathan@nathanproperties.com
www.nathanproperties.com

Housing Bust-Worst Since Great Depression

Available: 1825 Catherine St in Santa Clara $466,590 **Bank Approved Short Sale**
Just Sold: 647 Rocking Horse Ct. $870,000

CENSUS: Housing bust worst since Great Depression
The American dream of homeownership has felt its biggest drop since the Great Depression, according to new 2010 census figures released Thursday. The analysis by the Census Bureau found the homeownership rate fell to …

The National Economy is Stalled, but No Recession in the Forecast
In its third quarterly report of 2011, the UCLA Anderson Forecast's outlook for the nation is "far worse" than it was just three months ago. Considering the weak, revised data for the first half of the year, the forecast calls for average Gross Domestic Product growth of just 0.9% on average for the next five quarters and ending in the first quarter of 2012. However, the Forecast economists remain steadfast in their assertion that the United States is not currently in a recession, nor is there a recession in the forecast through …

Market Recap
The chart below shows that cities east of highway 880 are still experiencing a very high demand for housing.

For Comparison: Sales in the cities west of highway 880 are becoming stronger.

Market Snapshot

The table represents aggregated values based on MLS data for the specified date.

If the table above does not appear, you can click here to view it over the web.

As always I welcome referrals from friends, co-workers or family members looking to buy a piece of property.  I am also happy to provide unbiased sound advice at any time. You can rely on my integrity and follow-through.

* Mortgage rates were collected from publicly available sources (yahoo.com) on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

I provide guidance and build confidence in people, enabling them to reach their full potential and turn their dreams into reality.

Warm regards,
Nathan Nahouraii
Direct: (408) 404-6444
Direct: (650) 352-5322
nathan@nathanproperties.com
www.nathanproperties.com

Sales Falling - Renting REOs??

In Escrow: 1825 Catherine St in Santa Clara $425,000
In Escrow: 647 Rocking Horse Ct. $899,000

UPDATE: Super Conforming mortgage loan limit of $729,750 has been reduced to $625,500. Email me to get more info about this new change.

South Bay home sales and prices fall
Battered by bad economic news, potential homebuyers in the South Bay stayed on the sidelines last month, sending sales to their lowest level for a July in more than two decades, according to a report Tuesday. Real estate information service DataQuick said it has seen no lower July sales numbers for existing single-family houses in Santa Clara and San Mateo counties since it started keeping records in …

REOs for RENT??
With the depressed real estate market continuing to drag down the economy, federal officials are seeking ideas from investors and others about how to rent some of the nearly 250,000 foreclosed homes owned by government-backed entities such as Fannie Mae. Officials from the Obama administration and the Federal Housing Finance Agency, which oversees seized housing finance giants Fannie Mae and Freddie Mac, said they hoped for innovative solutions to addressing part of the severe oversupply of single-family homes. There are about 248,000 …

Market Recap: The chart below shows that cities east of highway 880 are still experiencing a very high demand for housing.

For Comparison: Sales in the cities west of highway 880 are becoming stronger.

Market Snapshot

The table represents aggregated values based on MLS data for the specified date.

As always I welcome referrals from friends, co-workers or family members looking to buy a piece of property.  I am also happy to provide unbiased sound advice at any time. You can rely on my integrity and follow-through.

* Mortgage rates were collected from publicly available sources (yahoo.com) on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

I provide guidance and build confidence in people, enabling them to reach their full potential and turn their dreams into reality.

Warm regards,
Nathan Nahouraii
Direct: (408) 404-6444
Direct: (650) 352-5322
nathan@nathanproperties.com
www.nathanproperties.com

Have We Hit Bottom?

Available: 1825 Catherine St in Santa Clara $475,000
In Escrow: 647 Rocking Horse Ct. $899,000
Just Sold: 2809 Agate Dr $525,000
Just Sold: 1085 Tasman Dr #169 $142,000
Just Sold: 1004 & 1008 Zarick Dr (Duplex) $610,000
Just Sold: 934 56^th St, Oakland $281,000

WARNING: Mortgage loan limit of $729,750 is set to EXPIRE on Sept 30^th. It will be reduced to $625,500.
If you were considering buying in the price range of $650,000 to $950,000 this could impact you. Email me NOW so I can help you understand what this change will cost you.

Have We Hit the Bottom?
Low mortgage rates and declining home values make homeownership extremely affordable these days. But does that mean now is the right time to buy a home? Should you wait? It depends on whom you ask, where you live and most important, on your situation.

Unfortunately, "nobody hits the gong when the market hits bottom," says Jed Smith, managing director of quantitative research for the National Association of Realtors. But in many markets, it appears …

Homeowners in Denial About Value of Properties
Homeowners, especially those who bought their houses after the real-estate bubble burst, are still having trouble accepting just how much the values of their properties may have fallen, says a new report from the real-estate site Zillow. Current sellers who bought their homes in 2007 or later, an analysis of the site’s home listings shows, are overpricing their properties by an average of …

Market Recap
The chart below shows that cities east of highway 880 are still experiencing a very high demand for housing.

For Comparison: Sales in the cities west of highway 880 are becoming stronger.

Market Snapshot

The table represents aggregated values based on MLS data for the specified date.

As always I welcome referrals from friends, co-workers or family members looking to buy a piece of property.  I am also happy to provide unbiased sound advice at any time. You can rely on my integrity and follow-through.

* Mortgage rates were collected from publicly available sources (yahoo.com) on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

I provide guidance and build confidence in people, enabling them to reach their full potential and turn their dreams into reality.

Warm regards,
Nathan Nahouraii
Direct: (408) 404-6444
Direct: (650) 352-5322
nathan@nathanproperties.com
www.nathanproperties.com

Exploding Home Prices in Silicon Valley?

Census shows empty homes, apartments in California
Californians saw the share of empty homes and rental apartments rise over the last decade, census data showed on Thursday in the latest news on the state's battered housing market. The Golden State's homeowner vacancy rate shot up from 1.4 percent to …

Home Prices Exploding in Silicon Valley Amid More Millionaires
A surge in wealth from technology stock sales and initial public offerings is spilling into the Silicon Valley real estate market as newly rich workers bid up home values in suburban cities south of San Francisco. The median price of single-family houses sold in Palo Alto, home of Facebook Inc., climbed …

Market Recap
The chart below shows that cities east of highway 880 are still experiencing a very high demand for housing.

For Comparison: Sales in the cities west of highway 880 are consistent, although not as strong as cities east of highway 880.

Market Snapshot

The table represents aggregated values based on MLS data for the specified date.

As always I welcome referrals from friends, co-workers or family members looking to buy a piece of property.  I am also happy to provide unbiased sound advice at any time. You can rely on my integrity and follow-through.

* Mortgage rates were collected from publicly available sources (yahoo.com) on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

I provide guidance and build confidence in people, enabling them to reach their full potential and turn their dreams into reality.

Warm regards,
Nathan Nahouraii

The Direction of Local Housing

For Sale: 647 Rocking Horse Ct. $995,000

Census shows empty homes, apartments in California
Californians saw the share of empty homes and rental apartments rise over the last decade, census data showed on Thursday in the latest news on the state's battered housing market. The Golden State's homeowner vacancy rate shot up from 1.4 percent to …

Mortgage Delinquencies Improve for Fifth Straight Quarter: TransUnion
The share of mortgage borrowers in the United States 60 or more days behind on their monthly payments dropped to 6.19 percent at the end of the first quarter of 2011, according to data released Monday by the credit bureau TransUnion. That’s down from …

Market Recap
The chart below shows that cities east of highway 880 are still experiencing a very high demand for housing.

For Comparison: Sales in the cities west of highway 880 are consistent, although not as strong as cities east of highway 880.

Santa Clara County Market Snapshot

The table represents aggregated values based on MLS data for the specified date.

Warm regards, Nathan Nahouraii Direct: (408) 404-6444 Direct: (650) 352-5322

Where is Local Housing Headed?

Home values drop in S.F., other big metro areas
Real estate values in much of the Bay Area are continuing to fall, according to a report released Tuesday. Home values in the San Francisco-Oakland-Fremont metro area -- which includes San Francisco, Alameda, Contra Costa, Marin …

Mortgage Rates Edge Up Slightly After Positive Employment Report
Interest rates on home loans inched up only slightly this week after Friday’s positive employment report, which showed the economy added more jobs than economists were expected and the national unemployment rate dropped to 8.8 percent. According to the weekly mortgage rate survey released by Freddie Mac Thursday, the average rate for a 30-year fixed mortgage edged up to…

Market Recap
The chart below shows that cities east of highway 880 are still experiencing a very high demand for housing.

 

 For Comparison: For the third month in a row we have seen steady activity in the cities west of highway 880. This could be an indication of a strong summer selling session, although we won’t know for another month.

Santa Clara County Market Snapshot

The table represents aggregated values based on MLS data for the specified date.

* Mortgage rates were collected from publicly available sources (yahoo.com) on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

I provide guidance and build confidence in people, enabling them to reach their full potential and turn their dreams into reality.
Warm regards, Nathan Nahouraii Direct: (408) 404-6444 Direct: (650) 352-5322 nathan@nathanproperties.com www.nathanproperties.com

Secret Property & Market Update: Is Housing Recovery Underway?

SECRET HIGH END PROPERTY! NOT ON THE MLS YET!
This home has not yet hit the MLS and as one of the benefits of being in my database I make sure that you get the first chance to see it. Let me know if you would like to see it.

647 Rocking Horse Ct in San Jose, priced at $995,000. Available through the public MLS in a few weeks. Custom built home in the foothills with views of the valley. Large rooms and a large rectangular lot with RV parking and many fruit trees.

•             4 Bedrooms/2.5 Bathrooms

•             3097 Sq Ft.

•             ½ Acre Lot

Call me today before it hits the MLS 408-209-9556 to arrange for a private showing.

For Sale: 2809 Agate Dr $549,999
For Sale: 1301 Casa Ct. $499,000

Generation ‘X’ Buyers to Lead U.S. Housing Recovery
According to real estate experts who spoke at an educational webinar produced by the National Association of Home Builders (NAHB), young families and adults ages 31 to 45 - are likely to lead the home buying recovery as it gets underway. These potential home buyers are most likely to think it's a good time to get off the fence - and have strong opinions about the design features their new homes will include. At 32 percent of the population of home-buying age - generally defined as those who are at least…

Cash buyers flood Bay Area home market as prices fall
The median price paid for a Bay Area home continued to fall in February, posting lower prices from a year ago for the fifth month in a row while sales were essentially flat. That is leading to a record level of investors and cash buyers snapping up homes, according to a report released Thursday by MDA DataQuick. The median sales price paid for a new or existing single-family house or condominium in the nine-county Bay Area was…

Market Recap
The chart below shows that cities east of highway 880 are still experiencing a very high demand for housing.

For Comparison: Sales picked way up on the west side of Highway 880 during the holiday months, but now it is starting to slow down a bit. We will know much more about the direction of the housing market in the coming month.

Santa Clara County Market Snapshot

The table represents aggregated values based on MLS data for the specified date.

As always I welcome referrals from friends, co-workers or family members looking to buy a piece of property.  I am also happy to provide unbiased sound advice at any time. You can rely on my integrity and follow-through.

* Mortgage rates were collected from publicly available sources (yahoo.com) on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

I provide guidance and build confidence in people, enabling them to reach their full potential and turn their dreams into reality.
Warm regards, Nathan Nahouraii Direct: (408) 404-6444 Direct: (650) 352-5322 nathan@nathanproperties.com http://www.nathanproperties.com/

Market Update

The Best Time in History to Buy a House
Right now, is the best time in history to buy a house in America. Today, I'll show you why… based on a few cold, hard facts. First off, mortgage rates are lower than they've ever been in American history… Most investors have only seen a couple decades of mortgages rates on a chart. But my friends at Global Financial Data have databases – including real estate data – that literally go back …

Shadow inventory estimated to take four or more years to clear
The volume of distressed nonagency residential mortgage properties in the U.S. continues to fall, but at an ever-slowing pace. Standard & Poor's Ratings Services currently estimates that the principal balance of these distressed homes amounts to about $450 billion, representing nearly…

Santa Clara County Market Snapshot

The table represents aggregated values based on MLS data for the specified date.

Looking Forward to 2011 Real Estate

New study predicts 'double-dip' in housing market
While a national real-estate report released Tuesday predicts a "double dip" in the housing market, some local observers say Silicon Valley and San Mateo County will probably fare better than most regions covered in the index because of the relatively healthy high-tech economy. "There is no good news in October's report," said David Blitzer, chairman of the committee that released the Standard & Poor's/Case-Shiller home-price index. Citing expired tax credits for homebuyers and a lackluster national economy among the causes, Blitzer said "on a year-over-year basis, sales are down more than 25…

Fed issues gloomy economic forecast for 2011
Federal Reserve officials have become more pessimistic in their economic outlook through next year and have lowered their forecast for growth. The economy will grow only 2.4 to 2.5 percent this year, Fed officials said Tuesday in an updated forecast. That's down sharply…

Market Recap
The chart below shows that cities east of highway 880 are experiencing higher than normal demand for the season.

For Comparison: Sales picked way up on the west side of Highway 880. This could be an indicator of prices shooting up.

Santa Clara County Market Snapshot

The table represents aggregated values based on MLS data for the specified date.
* Mortgage rates were collected from publicly available sources (yahoo.com) on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

Warm regards, Nathan Nahouraii Direct: (408) 404-6444 Direct: (650) 352-5322 nathan@nathanproperties.com http://www.nathanproperties.com/