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Bay Area Connect

Guide To Santa Clara County Real Estate

By Thomas Feng | Agent in 95051
  • Santa Clara CA 95050 95051 95054 Real Estate Market Report, July 2014

    Posted Under: Market Conditions in Santa Clara, Home Buying in Santa Clara, Home Selling in Santa Clara  |  July 14, 2014 10:02 AM  |  70 views  |  No comments

    Thomas Feng with Bay Area Connect presenting the Santa Clara CA 95050 95051 95054 Market Activity in the previous month of June 2014.



    Statistics include: Pricing of all sold and active listings, Property Sales, Inventory, Market Time, and an Overview of sold listings.

    To schedule an appointment to go over all of these statistics overlaid with school data/API Scores call me at408-840-3852 or send me an email Thomas.Feng@gmail.com.

    For a copy of this market report or a market report for another Bay Area city simply fill out this Market Report Form and I will have one sent over to you within 24 hours.


    Photobucket PhotobucketPhotobucket



    Please leave questions and comments below or on our wall at Facebook and I will include it in my future videos.


    May 2014: 101 Sold Listings
    Sold homes from 2 months back. Homes take about 2 months to close and have final sales #’s.

    24 in 1mil+, 11 in 900s, 12 in 800s, 24 in 700s, 10 in 600s, 7 in 500s, 11 in -400s


    Because of the many legal and tax situations that can arise through the sale and purchase of real estateALWAYS consult with your ATTORNEY or ACCOUNTANT before making ANY decisions in ANY transaction

    Copyright 2010-2014 by Thomas Feng, All Rights Reserved. You may reblog or republish with links back to this post.

    * THIS ARTICLE WAS POSTED AT Thomas Feng’s Bay Area Connect *

  • New Listing: 2186 Del Monte Ave Santa Clara CA 95051 3 Bed 2 Bath $750,000

    Posted Under: Home Buying in Santa Clara, Home Selling in Santa Clara, Financing in Santa Clara  |  July 11, 2014 11:48 AM  |  100 views  |  No comments
    Lawrence Meadows home with spacious living room and separate family room.

    Home is bright and features new flooring, dual pane windows, newer furnace. Kitchen features tile flooring, new quartz countertops, French door refrigerator/freezer, and recessed lighting.

    Finished two car garage with roll up door and automatic opener. Spacious backyard with in ground pool and solar pool heating system.

    3 bed 2 bath, 1,240sqft, 5,814 lot size, offered at $750,000 MLS# 81424548.

    Open House 7/12-7/13 1:30-4:30PM.




    If you have any questions about the current real estate market give me a call at (408) 840-3852 or shoot me an email at Thomas.Feng@gmail.com to discuss your situation and how to get the most out of the current real estate housing market.

    Because of the many legal and tax situations that can arise through the sale and purchase of real estateALWAYS consult with your ATTORNEY or ACCOUNTANT before making ANY decisions in ANY transaction

    Copyright 2010-2014 by Thomas Feng, All Rights Reserved. You may reblog or republish.

    * THIS ARTICLE WAS POSTED AT Thomas Feng’s Bay Area Connect *

  • 10 Reasons Why Homeownership Never Goes Out Of Style. Real Estate News 7/8/14

    Posted Under: Home Buying in Santa Clara, Home Selling in Santa Clara, Financing in Santa Clara  |  July 8, 2014 10:56 AM  |  144 views  |  No comments

    It’s Tuesday News Day and these are this weeks hot topics concerning the real estate market, the financial market, general market conditions, and interest rates.



    Wall St. Journal – As Home Sales Remain Restrained, Big Builder Eyes Home-Rental Market

    First-time buyers have claimed a shrinking percentage of new home sales since 2011, which has led some builders to anticipate how long these buyers will be on the sidelines and strategize how to fill needs in the housing market. Many builders vary on how soon they think first-time and entry-level buyers will surge back into the market.

    • Stuart Miller, CEO of Lennar Corp., one of the largest U.S. home builders, has stated he doesn’t anticipate mortgage-qualification standards to ease quickly enough to help first-time buyers enter the market.
    • Lennar Corp. will consider expanding into building homes for rent if first-timers remain largely unable to buy. A shift to producing more homes for sale at cheaper prices won’t happen until first-time buyers can land mortgages.
    • If would-be buyers are forced to turn to renting, Lennar is studying whether to start building single-family homes for them to rent in addition to the apartments it already constructs, which would be a major shift in practice.
    • More builders could turn to single-family development for rent if home sales remain restrained. So far, only a few builders have constructed homes exclusively for rent.
    • Investors, such as Blackstone Group LP and Colony Capital, already are in the business of buying existing single-family homes to rent them out.
    • However, some experts say builders will remain in the for-sale market where they have the expertise because it’s a completely different business managing tenants.
    • First-time buyers have accounted for only 16 percent of new-home sales so far this year, as opposed to 25 percent to 28 percent from 2001 to 2007.

    In other news…

    BuzzFeed – 10 Reasons Why Homeownership Never Goes Out Of Style

    Shaun Donovan, the outgoing secretary of the Department of Housing & Urban Development, decided to go out in style with a humorous list of reasons “homeownership is great” on the popular website BuzzFeed. Donovan introduced the list by writing, “For those ready to own, homeownership has historically served as a vehicle for Americans to build equity, start businesses, put kids through college, and retire with comfort and dignity.”

    HousingWire – Investment plan to spur first-time homebuyers

    The state of Virginia has enacted a new law that will allow first-time home buyers to invest up to $50,000 in financial institutions and declare them first-time home buyer savings plan. Proponents hope the policy will stimulate the housing market by allowing potential homeowners to put their tax-free earnings toward a down payment or closing costs. The law was championed by the Virginia Association of REALTORS®.

    DSNews.com – Realtors Support HAWK, Say It Could Go Further

    The Federal Housing Administration (FHA) announced the launch of a new pilot program called Homeowners Armed with Knowledge (HAWK) that lowers insurance premiums for home buyers if they participate in housing counseling to be a responsible homeowner. However, the National Association of REALTORS® argues that the program falls short in lowering premiums enough to make homeownership accessible to more Americans.

    The Atlantic – America’s Looming Rental Crisis

    The number of “renter households” increased by more than half a million in 2013 in the aftermath of the Great Recession. Experts analyzing the huge growth in the renting population caution that America’s housing crisis in the years ahead will primarily concern the supply of rentals units, as they are falling far behind growing demand. The mismatch in supply and demand could cause rents to soar in price.

    CNBC – Obama administration expands affordable housing plan

    In order to bolster the construction of affordable rental housing and extend the life of a program aimed at helping homeowners avoid foreclosure, the Obama Administration has announced it will tap Treasury funds for financial support. For example, the Federal Financing Bank could provide $500 million to $1 billion in annual funding for rental housing projects.

    Talking Points…

    • More home buyers are turning to social media in the home-buying process than ever, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2014 Survey of California Home Buyers.”
    • More than three-fourths of home buyers used social media in their home search, up from 52 percent who used it in 2011. Buyers said they primarily used social media to obtain buying tips and suggestions from friends (44 percent), neighborhood information (44 percent), and to view their agents’ Facebook pages (42 percent).
    • Mobile technology and the Internet continued to be important tools, with 91 percent saying they used a mobile device to access the Internet during the course of their home purchase. Buyers looked for comparable home prices (78 percent), searched for homes (45 percent), and took photos of neighborhoods, homes, and amenities (43 percent).

    If you have any questions about the current real estate market give me a call at (408) 840-3852 or shoot me an email at Thomas.Feng@gmail.com to discuss your situation and how to get the most out of the current real estate housing market.

    Because of the many legal and tax situations that can arise through the sale and purchase of real estateALWAYS consult with your ATTORNEY or ACCOUNTANT before making ANY decisions in ANY transaction

    Copyright 2010-2014 by Thomas Feng, All Rights Reserved. You may reblog or republish.

    * THIS ARTICLE WAS POSTED AT Thomas Feng’s Bay Area Connect *

  • New Listing: 2471 Mosswood Ln Santa Clara CA 95051 3 Bed 1.5 Bath $579,000

    Posted Under: General Area in Santa Clara, Home Buying in Santa Clara, Home Selling in Santa Clara  |  June 6, 2014 12:03 PM  |  481 views  |  No comments
    Updated two level townhome in the South Park complex.

    Unit is centrally located in a quiet complex. Open floor plan with kitchen open to living and dining overlooking back fenced in patio.

    Features include dual pane windows, remodeled kitchen and baths, stylish interior, and two car garage with automatic roll up door.Complex amenities include pool and clubhouse.

    3 bed 1.5 bath, 1,311sqft, 1,608 lot size, offered at $579,000 MLS# 81419594.

    Open House 6/7-6/8 1:30-4:30PM.




    If you have any questions about the current real estate market give me a call at (408) 840-3852 or shoot me an email at Thomas.Feng@gmail.com to discuss your situation and how to get the most out of the current real estate housing market.

    Because of the many legal and tax situations that can arise through the sale and purchase of real estateALWAYS consult with your ATTORNEY or ACCOUNTANT before making ANY decisions in ANY transaction

    Copyright 2010-2014 by Thomas Feng, All Rights Reserved. You may reblog or republish.

    * THIS ARTICLE WAS POSTED AT Thomas Feng’s Bay Area Connect *

  • What makes up the perfect luxury property? One Cool Thing!

    Posted Under: General Area in Santa Clara, Home Buying in Santa Clara, Home Selling in Santa Clara  |  June 4, 2014 3:09 PM  |  500 views  |  1 comment
    A survey was conducted by the California Association of Realtors on what home buyers considered to make a home a luxe property, 69% of the time it is all about the view. 53% of home buyers wanted to be on a hill top or to have mountain views, 42% of home buyers wanted a view of the water.

    In the Silicon Valley bay area however I think what makes a home a luxury home would be a mix of top schools, good views, and a convenient work commute.


    If you have any questions about the current real estate market give me a call at (408) 840-3852 or shoot me an email at Thomas.Feng@gmail.com to discuss your situation and how to get the most out of the current real estate housing market.

    Because of the many legal and tax situations that can arise through the sale and purchase of real estateALWAYS consult with your ATTORNEY or ACCOUNTANT before making ANY decisions in ANY transaction

    Copyright 2010-2014 by Thomas Feng, All Rights Reserved. You may reblog or republish.* THIS ARTICLE WAS POSTED AT Thomas Feng’s Bay Area Connect *

  • Consumers Are Back to Paying Mortgages Ahead of Credit Cards. Real Estate News 6/3/14

    Posted Under: Home Buying in Santa Clara, Home Selling in Santa Clara, Financing in Santa Clara  |  June 3, 2014 7:07 AM  |  552 views  |  No comments

    It’s Tuesday News Day and these are this weeks hot topics concerning the real estate market, the financial market, general market conditions, and interest rates.



    Wall St. Journal – Consumers Are Back to Paying Mortgages Ahead of Credit Cards

    Americans are reversing an unusual pattern that had developed after the housing bust: They are putting their mortgages ahead of their credit cards when they pay the bills. Lenders expected mortgages to be paid first when home values plunged during the downturn, but consumers began to default on their mortgages while continuing to make credit card payments.

    • Research reportedly found that in all 50 states, those who experienced greater home-price declines and higher unemployment rates saw more borrowers miss payments on mortgages while staying current on their credit cards.
    • While people are now paying their mortgages again ahead of their bank card, TransUnion posits that the payment relationship hasn’t returned entirely to pre-crisis levels.
    • The reversal in consumer behavior, i.e. normal payment hierarchy, returned at the end of last year, following around two years of rising home values.
    • Notably, before, during and after the crisis, Americans are most likely to make their car payments first.
    • As an example, in Los Angeles, where home prices declined 42 percent from 2006 through 2011, the spread between mortgage and credit-card delinquencies widened sharply. Home prices rebounded strongly beginning in 2012, and the payment spread, which was inverted for six years, has nearly disappeared.
    • Borrowers were more willing to default on their mortgages because they’d lost all of the equity in their homes and foreclosure wasn’t immediate.
    • As home prices rise, borrowers may act more predictably going forward, which could give lenders greater confidence to extend credit.

    In other news…

    HousingWire – Obama: “All-star” Julián Castro to lead HUD

    San Antonio Mayor Julián Castro has been nominated by President Obama to lead the U.S. Department of Housing and Urban Development. Shaun Donovan, the current HUD secretary, has been nominated for the post of Director of the Office of Management and Budget. Castro is a three-term mayor of San Antonio and rose to national prominence following a speech at the 2012 Democratic National Convention.

    The Washington Post – Foreign investors are making housing more expensive. Should we tax them for it?

    Real estate markets across North America have become increasingly international, which has allowed homeowners to see the value of their own properties rise with the influx of foreign investment. However, there are concerns that absentee foreign homeowners can price out people who are actually living in the area, and if foreign investors leave properties empty, the costs of occupied housing can increase, thereby creating a disconnect between residents and the local real estate market.

    LA Times – Condos are becoming FHA no-lending zones

    Due to policy changes at the federal level and decisions by condominium boards of directors, many condos have become prohibited lending zones for the Federal Housing Administration in the last several years. The FHA will insure mortgages only on units in condo projects that have passed a certification process, which critics argue has led to a significant drop in the number of condo developments approved for FHA financing. For moderate-income buyers, the lack of lending for condos can be a deterrent to homeownership.

    New York Times – Is It Better to Rent or Buy? The Math Is Changing

    The Times has created an online calculator that enables prospective buyers and renters to analyze whether buying a home remains a bargain, since analysis from the newspaper finds that in the country’s most expensive places – including New York, the San Francisco Bay Area and Los Angeles – buying a home requires serious consideration as an investment, based on the relationship between their prices and rents or incomes.

    TIME – The House Shows Boom: How the Real Estate Market Is Reflected on TV

    Why are home-improvement shows so popular, and do these shows really correspond with what viewers are likely to be doing with their homes? It seems there are some patterns between the number of home shows on air during a given calendar year and real-world housing statistics. TIME notes that “As the housing market has begun to recover from that bubble, the number of home-related shows has also increased, though not to the extent that was seen before the bubble.”

    Wall St. Journal – Signs of a Suburban Comeback

    The land of lawns and malls has experienced two years of solid growth, as more Americans are moving again to suburbs. Many of the nation’s fast-growing cities are slowing down, while suburbs and areas beyond suburbs are seeing an uptick in growth after expanding more slowly during the recession and its aftermath.

    Talking Points…

    • Mortgage applications fell a seasonally adjusted 1.2 percent last week, despite lower rates and expectations of stronger home sales in May, according to the Mortgage Bankers Association (MBA).
    • Total mortgage applications for refinances and home purchases are down 48 percent on year.
    • The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) decreased to 4.31 percent, the lowest level since June 2013, from 4.33 percent.

    If you have any questions about the current real estate market give me a call at (408) 840-3852 or shoot me an email at Thomas.Feng@gmail.com to discuss your situation and how to get the most out of the current real estate housing market.

    Because of the many legal and tax situations that can arise through the sale and purchase of real estateALWAYS consult with your ATTORNEY or ACCOUNTANT before making ANY decisions in ANY transaction

    Copyright 2010-2014 by Thomas Feng, All Rights Reserved. You may reblog or republish.

    * THIS ARTICLE WAS POSTED AT Thomas Feng’s Bay Area Connect *

  • Sunnyvale CA 94085 94086 94087 94089 Real Estate Market Report, June 2014

    Posted Under: Market Conditions in Sunnyvale, Home Buying in Sunnyvale, Home Selling in Sunnyvale  |  June 2, 2014 9:33 AM  |  618 views  |  No comments

    Thomas Feng with Bay Area Connect presenting the Sunnyvale CA 94085 94086 94087 94089 Market Activity in the previous month of May 2014.



    Statistics include: Pricing of all sold and active listings, Property Sales, Inventory, Market Time, and an Overview of sold listings.

    To schedule an appointment to go over all of these statistics overlaid with school data/API Scores call me at408-840-3852 or send me an email Thomas.Feng@gmail.com.

    For a copy of this market report or a market report for another Bay Area city simply fill out this Market Report Form and I will have one sent over to you within 24 hours.


    Photobucket PhotobucketPhotobucket



    Please leave questions and comments below or on our wall at Facebook and I will include it in my future videos.


    April 2014: 79 Sold Listings
    Sold homes from 2 months back. Homes take about 2 months to close and have final sales #’s.

    29 in 1mil+, 4 in 900s, 13 in 800s, 12 in 700s, 7 in 600s, 9 in 500s, 5 in -400s


    Because of the many legal and tax situations that can arise through the sale and purchase of real estateALWAYS consult with your ATTORNEY or ACCOUNTANT before making ANY decisions in ANY transaction

    Copyright 2010-2014 by Thomas Feng, All Rights Reserved. You may reblog or republish with links back to this post.

    * THIS ARTICLE WAS POSTED AT Thomas Feng’s Bay Area Connect *

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