Tuesday, March 6, 2012

Warren Says "Now's the time"

FOR SALE: 117 Pinon Dr in Portola Valley $2,449,000

IN ESCROW: 17791 Via Valencia in San Lorenzo $268,000

COMING SOON: 702 El Granada Blvd in El Granada $899,000. Should be on the MLS by the end of the week. 2,440 SF 3 bedroom 2.5 bath with great views of the ocean and coast set in a unique European architectural design. CONTACT ME if you want to arrange a private showing before this home debuts!

IN THE TRENCHES: Nathan’s Recent Experiences
·         13 groups came through my open house on 117 Pinon Dr in Portola Valley.
·         Wrote an offer for a property in Portola Valley over $2M, which was not accepted by the seller.
·         Counseled multiple first and second time home buyers regarding different buying opportunities.

The Best Way to Bet Against the Dollar, Richest Man Explains
In a rare television appearance yesterday, the one-time world's richest man explained a unique and simple way Americans can bet against the dollar... He called it "as attractive an investment as you can make." And yet you don't need a brokerage account or any real prior investing experience to take advantage of this opportunity. Warren Buffett built his $50 billion fortune simply from his investment ideas... mostly through buying great companies in the stock market, like Coca-Cola, Procter & Gamble, and most recently IBM. So I was surprised by the answer he gave on CNBC when asked whether he'd recommend people buy stocks or houses right now... “If I knew where I was going to live for the next five years or 10 years, I'd buy ...

Bay Area home remodeling picks up as economy mends
In another sign of an improving economy, residential remodeling is picking up in the Bay Area after several lean years, helped along by homeowners who are deciding to fix up places they can't sell because of the housing crunch."There is an awakening," said Rick Evans of Bauman Builders in San Jose. Last year "was like a switch that flipped." Fueling the upward trend is growing confidence in job stability and a booming tech stock market that helps pay for new kitchens, bathrooms and landscaping. Few homeowners are borrowing for the work, builders say. "It's all cash, nobody's borrowing

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.

Energy Upgrade California!
Eligible California homeowners can access up to $25,000 for energy-saving projects like insulation, heating and cooling systems, and solar panels. Visit https://energyupgradeca.org/overview for more information.

* 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