Wednesday, March 14, 2018

The Market is Defying Gravity!

Bay Area Market Defies Gravity! One economist claims this for the jobs market, but I would absolutely say the same for the real estate market. Check out my latest market insights

I wanted to share a few articles you have to check out: Bay Area Job Market Defies Gravity, How Hard it is to Build in Silicon Valley, Home Equity Loan Taxes

Stay dry my friend.

- Nathan

FOR SALE @ $1,499,000!
Extremely Rare; Absolute One of a Kind Corner Penthouse in Historic Alamo Square. Architecturally unique, this absolute gem of a two bedroom, two bathroom with wood-burning fireplace corner penthouse has never before been offered for sale since it was newly constructed.
  • Walker's Paradise with a 95 Walk Score
  • Moments from Alamo Square and the Painted Ladies
  • 5 minute walk to: Fillmore St, Hayes Valley, Pacific Heights, SF Symphony/Opera House and along many bus routes
  • Deeded garage spot and room for extra storage
  • Way too many other amenities to list
Open this weekend both days from 2:00 to 4:00. 
Email Nathan To See The SF Condo

SOLD - $250K Over Asking
Fully remodeled townhouse sold in 7 days for $1,550,000. Everything is upgraded from the studs inward using high-end materials and ultra-modern designs all hand selected by my wife Alejandra. Click here to visit her website where you can inquire about her interior design work.
  • Walking distance to Downtown Mountain View
  • Close to Google and short commute to Facebook and Apple

Do you or someone you know want these kinds of results in the next 12-18 months? You'd be surprised how much strategy and planning went into achieving these goals for my clients.
Great Idea - Start Today

Throughout February prices across the board rose between 1-3%. Smaller sized houses saw the largest gains. Days on Market dropped across the board as well. Interest rates rising, capping the mortgage interest deduction at $750K, and eliminating property tax deductions are all factors which might slow things down, but as for now we will just need to wait and see how everything plays out. So far we have seen no slowdown in buyer activity. We have clients who are willingly overpaying for properties due to the excessive demand. I maintain my prediction that prices will continue rising throughout the rest of 2018 and possibly the first half of 2019. Let me know if you need any advice on how to navigate the market or create a plan for the future.
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Bay Area job market 'defies gravity,' economists say

The Bay Area job market will outperform the nation during 2018, but skyrocketing housing prices might imperil the region's economy, two economists said Monday.

"The Bay Area is defying gravity," Jerry Nickelsburg, director of the UCLA Anderson Forecast, said during a conference co-sponsored by the Anderson Forecast and UC Hastings College of the Law.​

Read the Mercury News Article

SF is building more housing now than in recent history, but you probably still can't buy a home

San Francisco, home to arguably the most expensive housing market in the country, nearly doubled its historic average number of homebuilding permits in 2017, according to a new study from the real estate site Trulia.

In the past year the city approved 95 percent more home permits than it did, on average, between 1980 and 2016, according to figures compiled by Trulia.

Read the SFGate Article

Home Equity Loan Taxes: Watch Out, It's a Whole New World

Have a home equity loan or home equity line of credit (HELOC), or thinking of getting one? Homeowners often tap their home equity for some quick cash, using their property as collateral, but watch out—you'll want to know how this debt will be treated at tax time.

With the recently passed Tax Cuts and Jobs Act, the rules of home equity debt have changed dramatically. Here's what you need to know about home equity loan taxes when you file this year (which is still under the old tax rules) and next, once the new tax code takes effect.​

Read the Article





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Nathan Nahouraii
Referral Realty
1601 S De Anza Blvd Ste 150
Cupertino, CA 95014