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Bay Area Homes and Real Estate.

Silicon Valley Real Estate; Santa Clara County Homes and Trends.

By Ruth & Perry Mistry | Agent in 95030
  • Single family home sales - Santa Clara, California

    Posted Under: Schools in Santa Clara, Market Conditions in Santa Clara, In My Neighborhood in Santa Clara  |  August 8, 2014 2:08 PM  |  166 views  |  No comments

    Here are the trends for Santa Clara, California single family home sales.

    The trends generally exhibit confidence and reflect the economic uptrend.






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  • Rates keep falling, in spite of stimulus cuts, 4.12% for a 30 year

    Posted Under: Market Conditions in Santa Clara, Financing in Santa Clara, In My Neighborhood in Santa Clara  |  July 4, 2014 6:46 PM  |  405 views  |  No comments
    It's been a full year since the Federal Reserve unnerved home lenders and buyers by announcing it would choke back a stimulus program that had sent long-term borrowing costs to record lows. read more: [Open in new window]

    Read another article on Mortggae Rates at:  
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    Source:  Los Angeles Times



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  • Time to refinance? Mortgage Rates are lower than last year at this time.

    Posted Under: Market Conditions in Santa Clara, Home Buying in Santa Clara, In My Neighborhood in Santa Clara  |  June 29, 2014 9:23 AM  |  328 views  |  No comments

    Borrowing costs from mortgage rates were cheaper this week than at the same time last year, Freddie Mac reports in its weekly mortgage market survey.


    A year ago at this time, the Federal Reserve had announced a tapering of its monthly mortgage bond-buying program, which had spurred market anticipation that the Fed would be rising its mortgage rates soon. The 30-year fixed-rate mortgage had then 

    jumped to a 4.46 percent average. This week, rates averaged 4.14 percent.

    Here’s an overview of the national averages for mortgage rates for the week ending June 26:

    • 30-year fixed-rate mortgages: averaged 4.14 percent, with an average 0.5 point, dropping from last week’s 4.17 percent average. Last year at this time, 30-year rates averaged 4.46 percent.
    • 15-year fixed-rate mortgages: averaged 3.22 percent, with an average 0.5 point, dropping from last week’s 3.30 percent average. A year ago, 15-year rates averaged 3.50 percent.
    • 5-year hybrid adjustable-rate mortgages: averaged 2.98 percent, with an average 0.3 point, dropping from a 3 percent average. Last year at this time, 5-year ARMs averaged 3.08 percent.
    • 1-year ARMs: averaged 2.40 percent, with an average 0.4 point, dropping from last week’s 2.41 percent average. Last year at this time, 1-year ARMs averaged 2.66 percent.

    Source: Freddie Mac



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  • Mortgage Rates Fall to 7-Month Low. Its a great time to Refinance or Buy a Home.

    Posted Under: Market Conditions in Santa Clara, Home Buying in Santa Clara, Financing in Santa Clara  |  May 27, 2014 6:29 PM  |  333 views  |  No comments

    Fixed-rate mortgages moved lower this week, reaching new lows for the year, Freddie Mac reports in its weekly mortgage market survey. It is the fourth consecutive week that mortgage rates have dropped.

    According to Freddie Mac, mortgage rates reached the following national average for the week ending May 22:

    • 30-year fixed-rate mortgages: averaged 4.14 percent, with an average 0.6 point, dropping from last week’s 4.20 percent. Last year at this time, 30-year rates averaged 3.59 percent.
    • 15-year fixed-rate mortgages: averaged 3.25 percent, with an average 0.5 point, dropping from last week’s 3.29 percent average. A year ago, 15-year rates averaged 2.77 percent.
    • 5-year hybrid adjustable-rate mortgages: averaged 2.96 percent, with an average 0.4 point, falling from last week’s 3.01 percent average. A year ago, 5-year ARMs averaged 2.63 percent.
    • 1-year ARMs: averaged 2.43 percent, with an average 0.4 point, holding the same average as last week. A year ago, 1-year ARMs averaged 2.55 percent.

    Source: Freddie Mac and Realtor Magazine


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  • 50% of Sales in these Markets are All Cash Deals.

    Posted Under: Market Conditions in Santa Clara, Home Buying in Santa Clara, In My Neighborhood in Santa Clara  |  May 15, 2014 7:42 PM  |  530 views  |  No comments

    50% of Sales in these Markets are All Cash Deals.

    According to RealtyTrac’s report, the following metros saw the most cash sales in the first quarter, amounting to more than half of all of their sales.  read more at>>>>      [Open in new window]

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  • Mortgage Delinquencies fall by 24% as home prices rise.

    Posted Under: General Area in Santa Clara, Financing in Santa Clara, In My Neighborhood in Santa Clara  |  May 12, 2014 4:54 PM  |  536 views  |  No comments
    The mortgage delinquency rate nationwide stood at 3.61 percent at the end of

     the first quarter of 2014, down more than 24 percent....read full article..

    goo.gl/3V2er4



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  • Fannie: More Americans Say Buy

    Posted Under: Market Conditions in Santa Clara, Home Buying in Santa Clara, In My Neighborhood in Santa Clara  |  May 8, 2014 9:08 PM  |  338 views  |  No comments

    Americans’ optimism about the housing market has grown as the spring selling season gets underway, with 42 percent saying now is a good time to sell a home, according to Fannie Mae’s April 2014 National Housing Survey. Meanwhile, 69 percent of Americans say now is a good time to buy a home.

    Also, fewer Americans report being concerned about losing their job, which may urge more potential home buyers off the fence, Fannie Mae’s survey notes. However, 39 percent of respondents say their household expenses are significantly higher than they were 12 months ago.

    "Our April survey results suggest that consumer confidence is moving in a positive direction," says Doug Duncan, senior vice president and chief economist at Fannie Mae. "Consumer attitudes about the current home-selling environment have improved and now are at the most favorable level we’ve seen in the survey’s four-year history. Consistent with Friday’s upbeat jobs report, concern about job loss among employed consumers also has hit a record survey low. These results are in line with our expectations for increased housing activity and gradual strengthening of the housing market going into the spring and summer selling season."

    Fifty percent of survey respondents say they believe home prices will go up in the next 12 months, with expectations averaging 2.9 percent. The share of Americans who expect home prices will fall was at 5 percent, an all-time survey low.

    Source: Fannie Mae




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