Accessory Dwelling UnitsHome ImprovementHomeownersmultigenerationalReal EstateWealth November 28, 2022

Can An ADU (Accessory Dwelling Unit) Fit In My Lot in Silicon Valley? | Lynne MacFarlane Realtor

 

If you’re curious and wonder if your existing home lot or a home you’re considering to buy fits an accessory dwelling unit (ADU), I can help you! In this video I walk you through an example using the Symbium website (under California law it will show if an ADU is allowed; Your city may have more restrictions.)

Symbium - Learn if an ADU is possible - MacFarlane Homes website

With my help with Intero, a Berkshire Hathaway affiliate, we have a wonderful partnerships with Abodu, an innovative housing solution company, to provide Intero clients with beautiful prefabricated accessory dwelling units (ADUs) and concierge-level service.

With space at a premium for most Bay Area / Silicon Valley residents, the need for inventive living solutions has never been higher. Couple this with upcoming housing laws—such as Senate Bill 9 (SB 9), which is paving the way for backyard homes to help tackle California’s housing crisis, and you can see why this partnership between Intero and Abodu makes so much sense.

This new partnership allows me to assist my current, future and past clients to quickly connect with Abodu and rethink every yard’s potential! Whether you want to work from home, keep the kids around longer, rent it for extra cash, or welcome Granny to live with you, an ADU such as Abodu is all about knowing your options and adding value to the property.

Feel free to give me a call to arrange a consultation to help you with any questions.

I’m a Senior Real Estate Specialist (SRES) and a Seller Representative Specialist (SRS) and have a background in senior care. I’m also an affiliate member of the Professional Fiduciary Association (PFAC) of Silicon Valley Chapter and can assist with any questions and referrals that may concern your desire for you and family members who wish to “Age In Place” safely.

Lynne MacFarlane Homes logo

Lynne Watanabe MacFarlane, MCDM, SRES, SRS | Realtor # 02066698

Intero Real Estate Services, Berkshire Hathaway affiliate

Los Altos Office covering the Bay Area & Coastal Communities

(408) 800-1141 and (831) 346-2743

LMACFARLANE@INTERO.COM

www.LynneMacFarlane.com

SANTA CLARA COUNTY November 28, 2022

3417 Kenneth Drive Palo Alto – The Perfect Multi-generational Home For The Holidays | Lynne MacFarlane

 

SANTA CLARA COUNTY November 28, 2022

Recession. It’s a word that can spark fear and uncertainty in any market | Lynne MacFarlane Realtor Blog

EconomyHousing MarketMortgage Rates November 28, 2022

Here’s Why We’re Not Heading For A Housing Crash | Lynne MacFarlane Homes

Today’s housing market is different than it was in 2008. Let’s connect if you’re concerned about a crash so we can discuss why this isn’t like last time.

Lynne MacFarlane Homes logo

Lynne Watanabe MacFarlane, MCDM, SRES, SRS | Realtor

Professional Fiduciary Association of California, Silicon Valley affiliate

Intero | A Berkshire Hathaway Affiliate

phone 408.800.1141 or 831.346.2743

DRE# 02066698

BuyersReal EstateSellers November 28, 2022

Your House Could Be the #1 Item on a Homebuyer’s Wish List During the Holidays | MacFarlane Homes

Your House Could Be the #1 Item on a Homebuyer’s Wish List During the Holidays

 

Each year, homeowners planning to make a move are faced with a decision: sell their house during the holidays or wait. And others who have already listed their homes may think about removing their listings and waiting until the new year to go back on the market.

The truth is many buyers want to purchase a home for the holidays, and your house might be just what they’re looking for. Here are five great reasons you shouldn’t wait to sell your house.

1. While the supply of homes for sale has increased this year, there still aren’t enough homes on the market to keep up with buyer demand. As Nadia Evangelou, Senior Economist & Director of Forecasting at the National Association of Realtors (NAR), explains:

“There’s still this gap between demand and supply because we were underbuilding for many years. . . . So now we see demand is slowing, but it still outpaces supply.”

2. Serious homebuyers are out looking right now. Millennials are driving homebuying demand today, and many are eager to make a purchase. Mark Fleming, Chief Economist at First American, explains:

“While not the frenzy of 2021, the largest living generation, the Millennials, will continue to age into their prime home-buying years, creating a demographic tailwind for the housing market.”

3. The desire to own a home doesn’t stop during the holidays. In fact, homes decorated for the holidays appeal to many buyers. Plus, purchasers who look for homes during the holidays are ready to buy.

4. You can restrict the showings in your house to days and times that are most convenient for you. That can help you minimize disruptions, which is especially important this time of year.

5. Rents have skyrocketed in recent years. And, many buyers are looking to escape rising rents and avoid falling into the rental trap for another year. As an article from Zillow says:

“Over the next 12 months, rents are expected to grow more than inflation, the stock market and home values.”

Your home could be their ticket to leaving renting behind for good.

Bottom Line

There are still many reasons it makes sense to list your house during the holiday season. Let’s connect to determine if selling now is your best move.

BuyersEconomyHousing MarketMarket ReportMortgage RatesSellers November 23, 2022

Mortgage Rates Will Come Down, It’s Just a Matter of Time | Lynne MacFarlane Homes

Mortgage Rates Will Come Down, It’s Just a Matter of Time

This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power for consumers. And, this month, the average rate for financing a home briefly rose over 7% before coming back down into the high 6% range. But we’re starting to see a hint of what mortgage interest rates could look like next year.

Inflation Is the Enemy of Long-Term Interest Rates
As long as inflation is high, we’ll see higher mortgage rates. Over the past couple of weeks, we’ve seen indications that inflation may be cooling, giving us a glimpse into what may happen in the future. The mortgage market is eagerly awaiting positive news on inflation. As Ali Wolf, Chief Economist at Zonda, says:

“The housing market is expected to face continued uncertainty heading into 2023 as consumers, financial markets, and policymakers work through their respective challenges in today’s economy. . . . we are watching for any additional stability in the MBS market, signs of cooling inflation, and/or less aggressive Federal Reserve action to give us confidence that mortgage rates are past their peak.”

What Does This Mean for the Future of Mortgage Rates?
As we get through the inflation battle and start to see that coming down, we should expect mortgage rates to follow. We’ve seen nods of this over the past couple of weeks. As the Federal Reserve works to bring inflation down, mortgage rates will come down as well. Bill McBride from Calculated Risk says:

“My current view is inflation will ease quicker than the Fed currently expects.”

As we look toward next year, we certainly hope he’s right.

Bottom Line
Mortgage rates will come down – it’s just a matter of time. The hope is we continue to see more positive news on inflation, and that’ll bring mortgage rates down. This will give prospective homebuyers more buying power and lead to more homeowners throughout the country.

 

Lynne Watanabe MacFarlane, Realtor | CA DRE # 02066698

Senior Real Estate Specialist, Seller Representative Specialist, Master of Communication Digital Media/Marketing

Professional Fiduciary Assoc, of CA, Silicon Valley Chapter affiliate

Intero Logo - Lynne MacFarlane, Realtor

INTERO, A BERKSHIRE HATHAWAY AFFILIATE Los Altos office

Covering SF Bay Area & Coastal Communities of Monterey Bay

408-800-114

LMACFARLANE@INTERO.COM

Lynne MacFarlane Homes logo

CambrianLos Altos November 1, 2022

Los Altos, CA Median Sale Price vs. Cambrian, San Jose – Comparing Silicon Valley Real Estate

Real estate market trends is all local and every market is unique and when you hear the national news stating “all housing prices are falling” this isn’t always the case. Let’s take a look at last week’s housing in two very different communities, the affluent area of Bay Area, Los Altos, and Cambrian San Jose. Both communities median sales price have decrease month over month, but over a year, the Cambrian community actually increase 4%. This is why it’s critical to get perspective and data of your local community.

Here’s Single Family House, Condo, Townhomes in Los Altos: https://lynnemacfarlane.realscout.com…

Here’s Single Family House, Condo, Townhomes in Cambrian, San Jose: https://lynnemacfarlane.realscout.com…

Let’s connect if you’d like information about your specific area of interest!

 

Lynne MacFarlane Logo

Lynne Watanabe MacFarlane, MCDM, SRES, SRS | Realtor

Professional Fiduciary Association of California, Silicon Valley affiliate

Intero | A Berkshire Hathaway Affiliate

phone 408.800.1141 or 831.346.2743

DRE# 02066698

 

00:00 Introduction

00:15 All real estate is regional

00:33 Los Altos, CA

00:46 Median Sale Price – Los Altos $3.825M (last 30 days)

EconomyMortgage RatesReal Estate October 17, 2022

Two Questions Every Homebuyer Should Ask Themselves Right Now

Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But this rise in borrowing cost shows no signs of letting up soon.

Economic uncertainty and the volatility of the financial markets are causing mortgage rates to rise. George Ratiu, Senior Economist and Manager of Economic Research at realtor.comsays this:

“While even two months ago rates above 7% may have seemed unthinkable, at the current pace, we can expect rates to surpass that level in the next three months.”

So, is now the right time to buy a home? Anyone thinking about buying a home today should ask themselves two questions:

1. Where Do I Think Home Prices Are Heading?

There are two places to turn to answer this question. First is the consensus of what experts are saying. If you look at what experts are projecting for home prices in 2023, they’re forecasting home price appreciation around 2%. While it’s true some are calling for depreciation, most are calling for appreciation in home values over the next year.

The second spot to turn to for information is the Home Price Expectation Survey from Pulsenomics – a survey of a national panel of over one hundred economists, real estate experts, and investment and market strategists. According to the latest release, the experts surveyed are also calling for home price appreciation for the next several years (see graph below):

Two Questions Every Homebuyer Should Ask Themselves Right Now | Simplifying The Market

2. Where Do I Think Interest Rates Are Heading?

Like mentioned above, Ratiu sees mortgage rates rising over the next several months. Another expert agrees. Mark Fleming, Chief Economist at First Americansays:

“While mortgage rates are expected to continue to drift higher over the coming months, much of the rapid increase in rates is likely behind us.” 

The instability in the world and higher inflation are driving this volatile market, resulting in higher borrowing rates for those looking to buy homes.

Bottom Line

If you’re thinking about buying a home, asking yourself about home prices and mortgage rates will help you make a powerful and confident decision. Experts see both prices and rates rising in the future. The alternative is to rent, but rents are also increasing. That may mean buying a home makes more sense than renting.

 

Lynne Watanabe MacFarlane, Realtor | CA DRE # 02066698

Senior Real Estate Specialist, Seller Representative Specialist, Master of Communication Digital Media/Marketing

Professional Fiduciary Assoc, of CA, Silicon Valley Chapter affiliate

Intero Logo - Lynne MacFarlane, Realtor

INTERO, A BERKSHIRE HATHAWAY AFFILIATE Los Altos office

Covering SF Bay Area & Coastal Communities of Monterey Bay

408-800-114

LMACFARLANE@INTERO.COM

Lynne MacFarlane Homes logo

House Hunter Silicon ValleyLos GatosLuxuryOpen HouseReal EstateSANTA CLARA COUNTYVideo October 13, 2022

Beautiful Asian Tea-Style Home Nested in Los Gatos Mountains

Join me for open house Oct 15th 1-4 PM

21550 Old Gold Mine Road Los Gatos

4 bedroom 3 bath 3 acres of beautiful 360 scenery only 7 miles to downtown Los Gatos, with Los Gatos schools! Tranquil and calm, give me a call for a private tour.

Listed at 1.98M by Jennifer Cosgrove

** Special note to architectural fans, this home isn’t a cookie cutter suburban home. It’s solid built and with mountain properties all systems are in place but what people notice as you approach the walkway & enter the home the ceiling height compresses in areas with soft wood tones and opened up and expands the view as you approach the outer perimeter windows & wrap around decking.

Frank Lloyd Wright’s known for this concept of compression / more human scale & having large areas as you enter another area of a room. The soft ceilings reflect the natural environment and the owner gave special care to detail that the next owner will truly appreciate.

 

Give me a call, I’ll walk you through & point out the intricacies. It’s a little windy to get to and there is a private gate so make an appt, but if you’re searching for a unique property, this could be your haven. 🍁 🦅 ⛰ 🌲

CapitolaReal EstateSanta Cruz County October 12, 2022

In Contract Capitola Beach Bungalow – 714 Hill Street

714 Hill Street Capitola

 3-bed/2-bath Capitola beach house!

The open living room has beautiful hardwood floors, well-lit by the large front window. The spacious kitchen/dining area has a small pantry, & laundry is hidden behind bifold louvered doors.All 3 bedrooms feature hardwood floors to match the living room& both bathrooms have gorgeous tile work, this home has a fresh coat of paint inside and out! The private backyard is fully-fenced(as is the front yard)& has a patio.The 2-car detached garage gets a new door soon!

Hill Street is conveniently located near Capitola Village. Grocery shopping at Nob Hill and Peets Coffee is just down the road as is Gayle’s Bakery. Enjoy a drink at Beer Thirty, Sante Adairius Rustic Ales or Capitola Wine Bar. Find a good book at the new Capitola Library,or get into nature on the Bluffs Walking Trail. Take a 5-min drive (or a 17-min walk) to Capitola Beach for a stroll in the sand, a slice of Pizza My Heart, or a meal at one of Capitola’s many restaurants!

Listed at 1.15M

Median Sale Price (past 30 days)
$1,647,500

 

 

 

More Info: https://bit.ly/714HillCapitola

 

Here’s the Capitola market report:
Capitola Market Report 10 2022

Let me help you – even though this market is shifting to a more neutral market from a hot seller’s market does not mean there is a crash or zero competition. Buyers need to come prepared before they start shopping! Lets connect to discuss your goals! I’m here to help you find & win that dream home!

 

Lynne Watanabe MacFarlane, Realtor | CA DRE # 02066698

Senior Real Estate Specialist, Seller Representative Specialist, Master of Communication Digital Media/Marketing

Professional Fiduciary Assoc, of CA, Silicon Valley Chapter affiliate

Intero Logo - Lynne MacFarlane, Realtor

INTERO, A BERKSHIRE HATHAWAY AFFILIATE Los Altos office

Covering SF Bay Area & Coastal Communities of Monterey Bay

 

408-800-114

LMACFARLANE@INTERO.COM

Lynne MacFarlane Homes logo