Housing Update Oct 2020 [video] – Reasons Why Sellers in the SF Bay Area Should Consider A Move Now

Oct 2020 market report for national and SF Bay Area. Hello Sellers! If you were waiting for that time that you wished. you had taken advantage of last time and WISHED you had got the most out of your money before it went down – well, maybe this is your time. Here’s Oct housing trend and we take a look at what the economy has done nationally and what’s happening now locally in the SF Bay Area. We learn how the economist forecasters change their home price appreciation predictions. We discuss why the average U.S. citizen (not home buyers) have improved their FICO scores and proof that the American entrepreneurial spirit is alive and well during times of economic distress. And lastly, we learn why being a seller in this market is a fantastic opportunity (with existing home sales up 34% YTY and listings down -32% in the Bay Area).

 

Will

Does the home I’m currently in meet my needs for the next decade?

Lynne Watanabe MacFarlane, MCDM, SRES | Realtor

Intero Real Estate Services 831-246-2743 text anytime

What’s My Home Worth? https://sfbay.areahomevalues.net/

Lynne MacFarlane Homes

I like to educate my clients and friends about what’s going on in the real estate market and depending on whether you’re a seller or buyer (or investor) I’ll give you the facts so you can make informed decisions. Give me a call, let’s have a cup of coffee to discuss your real estate goals, I want to help you achieve them. 831-346-2743 Lynne Please LIKE and Subscribe I’m happy to help and educate. If you know of someone who needs assistance, I’m also a PFAC affiliate (Professional Fiduciary Assoc. California- Silicon Valley) I have a great network of specialist who can assist with special needs, disabilities and seniors. I also have an advance certificate in SRES (Senior Real Estate Specialist) I partner with Intero | Berkshire Hathaway affiliate, the top brokerage network in the SF Bay Area, offering off-MLS listings, Pinnacle concierge services, lending and title to bring my clients a smooth and seamless transaction experience.

Posted on October 23, 2020 at 4:05 pm
Lynne (Watanabe) MacFarlane | Category: Housing Market, Sellers, Sellers Market, Video | Tagged , , , , , , ,

Weekly Update Look at Five SF Bay Area Counties

It’s the Weekly Update look at real estate activity in the five SF Bay Area counties (San Mateo, Santa Clara, Santa Cruz, San Benito and Monterey). Take a look at the contrast between 2019 vs. 2020 (March 1st – Aug 22nd) and how far we have bounced back from SIP looking at May, June and July differences between the years. In July 2019 we had a total of 2,757 Closed Sales, but July 2020 we had 3,134 Sales, that’s a 13% Year over Year difference.
#realestate #bayarearealestate #sfbayarea #housingmarket #bayarearealtor #Intero #MLSlisting #Aculist

Posted on August 26, 2020 at 10:58 pm
Lynne (Watanabe) MacFarlane | Category: SANTA CLARA COUNTY | Tagged , , , , , , , ,

Prosperity Home Mortgage – Interview with Rashel Yadegari [Video]

Today I interviewed Rashel Yadegari, Prosperity Home Mortgage as we discuss the common lending myths in the home buying process. If you have any questions with the lending process, please don’t hesitate to contact me or Rashel. Hope you enjoy my interview, as it is meant to be a open conversation and an ongoing discussion; I believe it’s best be informed so you can make smarter decisions.

Rashel Yadegari, Prosperity Home Morgage, Mortgage Consultant
NMLSR ID: 1246397
Cell: 408-912-0570
email: Rashel.Yadegari@phmloans.com

Lynne Watanabe MacFarlane, MCDM, SRES | Realtor
PFAC Silicon Valley affiliate
Intero | A Berkshire Hathaway Affiliate
phone 831.346.2743
DRE# 02066698
www.Intero.com | facebook | linkedin | blog | videos| luxury home collection | committed to our community

Thanks for your interest!

Lynne MacFarlane Homes

Posted on May 30, 2020 at 9:42 pm
Lynne (Watanabe) MacFarlane | Category: Buyers, Why buy | Tagged , , , , , , , ,

Virtual Open Houses – Lynne MacFarlane, Realtor

Lynne MacFarlane, Realtor does Virtual Open Houses following CDC guidelines

Sheltering in place doesn’t mean real estate transactions have stopped.

I’ll be hosting virtual open houses which allows prospective buyers to see properties from the comfort of their home, while remaining compliant with the SIP mandate.

Call me today if you’re interested in buying or selling a home.

Thank you and stay well!

 

Lynne MacFarlane, MCDM, SRES

PFAC affiliate, Realtor

DRE #02066698

(831) 346-2743 mobile/ Lmacfarlane@intero.com

www.lynnemacfarlane.com

 

Lynne MacFarlane Homes

Posted on May 14, 2020 at 5:47 pm
Lynne (Watanabe) MacFarlane | Category: Open House, Real Estate | Tagged , , , , , , ,

Will The Corona Virus Create A Housing Crisis …And Our New Norms

Lynne MacFarlane, Realtor - Together, we got this!

I provide a Home & Lifestyle Consultation to prepare what buyers want now! Today’s modern savvy realtor uses virtual real estate technologies. I provide what buyers and sellers truly want in experience and safety. Click on image to learn more!

Concerns about the impact COVID-19 will have on the global and local economy are real. They’re scary too as the health and wellness of our friends, families, and loved ones are high on everyone’s emotional radar.

While we don’t know the exact impact the virus will have on the housing market, we do know that housing isn’t the driver as it was in 2008.

Lynne MacFarlane Realtor explains

A Recession Does Not Equal A Housing Crisis:

  • The COVID-19 pandemic is causing an economic slowdown.
  • The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th.
  • All things considered, an economic slowdown does not equal a housing crisis, and this will not be a repeat of 2008.

As our country begins to collectively roll out shelter in place, I hope we can come together, take the time to share gratitude; let’s remember that this will pass. As a country we’ve experienced multiple divisive events such as Civil War, WWII, and more recent traumatic events as 9/11. The concerns about an impending recession are real, but housing isn’t the driver. During the Dot.com bubble starting in late 90’s, a period of massive growth of Internet & telcos, in 2002 (the dot.bomb) I personally would have lost my entire wealth because I was young (& mostly naive)  never imagined stocks could crash! The only thing that helped preserve it was a little Los Altos house we divested. I sure am grateful for owning real estate – I am not a financial planner by any means, but I am conservative and because I’ve seen these recessions I advise my buyers to diversify their portfolios; try to have 6 months to a year’s worth of savings, have savings that are a mix of stocks, bonds, mutual funds but work towards owning property.  the SF Bay Area our homes are not only places to live, but a wonderful wealth generating asset over time. With our current ongoing global uncertainty, including a U.S. stock market correction, no one could have seen coming. We first should do what’s best for our country, and for our families and that is to take care of one another. 

Let’s fight this COVID-19 epidemic together by staying indoors & practicing social distancing, and checking up on loved ones and neighbors. 

 

Lynne MacFarlane says "No Dancing"

Take care of your needs now & let me know if I can help in anyway!

We’ve got this!

Lynne MacFarlane Homes

 

Lynne MacFarlane, MCDM, Realtor, PFAC affiliate

DRE# 02066698

(831) 346-2743 text/voice anytime

 

Posted on March 23, 2020 at 6:48 am
Lynne (Watanabe) MacFarlane | Category: Articles, Economy, Homeowners, MONTEREY COUNTY, Real Estate, SAN MATEO COUNTY, SANTA CLARA COUNTY, Santa Cruz County | Tagged , , , , , , , , , , ,

Cities Where Homeowners Haven’t Moved in Decades

When it comes to planting roots, San Francisco area homeowners have some of the deepest in the country (who can really blame homeowners for not moving when they have all of that beautiful California sunshine to soak in?) ☀️

Can you guess which Bay Area City ranked #2 after Detroit?

Find out more in this article from 55 Places.com click here.

Let me know if you or someone you know needs resources to “age in place” I would be happy to help! I have a great network of senior healthcare providers and affiliate services who can help provide a comfortable and safe environment if you chose to stay in your home for 30, 40 or more years!

Lynne MacFarlane HomesLynne MacFarlane, Realtor

(831) 346.2743 text/voice

lmacfarlane@intero.com

Posted on February 6, 2020 at 4:43 am
Lynne (Watanabe) MacFarlane | Category: Articles, Retirement, seniors | Tagged , ,

Q4 2019 Market Overview of San Mateo County – from MLS Listings

San Mateo County – Q4 2019

• In San Mateo County, median sales prices for single family homes rose to an all-time high of $1.544 million.

• Inventories have rebounded slightly from 2017 but are still very low.

• Sales are dismal; the weakest they’ve been since 2008.

• All metrics still point to a very tight market – there are very few active listings, median days-on-market is just 14 and final sales price is consistently well above listing price.

• “Even with prices hovering around $1.5 million, there’s simply nothing to buy.” – Elliot Eisenberg, PhD

• The common interest market in San Mateo is not quite as tight as the single-family market and seems to have loosened up a bit from last year, as seen in median sales price declining from $920k to $901k, and days on market rose slightly. However, inventories remain tight.

 

For private tours & buyer consultation meeting, contact Lynne MacFarlane, Realtor

DRE #02066698

(831) 346-2743 text/voice

lmacfarlane@intero.com

 

 

 

 

Lynne MacFarlane Homes

Posted on February 5, 2020 at 12:03 am
Lynne (Watanabe) MacFarlane | Category: Housing Market, SAN MATEO COUNTY | Tagged , , , ,

3 Benefits to Buying Your Dream Home This Year

3 Benefits to Buying Your Dream Home This Year

Outside of a strong economy, low unemployment, and higher wages, there are three more great reasons why you may want to consider buying your dream home this year instead of waiting.

1. Buying a Home is a Great Investment

Several reports indicate that real estate is a good investment, topping other options such as gold, stocks, bonds, and savings. Why? Real estate helps build equity, a form of investing for you and your family. According to CoreLogic’s Equity Report,

“U.S. homeowners with mortgages (roughly 64% of all properties) have seen their equity increase by a total of nearly $457 billion since the third quarter 2018, an increase of 5.1%, year over year.”

This means the average homeowner gained approximately $5,300 in equity over the past year. If you want to start building your equity, put your housing costs to work for you through homeownership this year.

2. Mortgage Interest Rates Are Low

The Primary Mortgage Market Survey from Freddie Mac indicates that interest rates for a 30-year mortgage have fallen since November 2018 when they hit 4.94%. In their latest forecast, Freddie Mac expects rates to remain low, leveling out to a yearly average of 3.8% in 2020.

When you purchase a home at a low mortgage rate, it will impact your monthly mortgage payment, giving you the opportunity to buy more house for your money.

3. Investing in Your Family is a Win

There are some renters who haven’t purchased a home yet because they’re uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you’re living rent-free with your parents, you’re paying a mortgage – either yours or that of your landlord.

Today, rental prices continue to increase, and when you’re paying your landlord’s mortgage instead of your own, you’re not the one earning the equity. As an owner, your mortgage payment is a form of ‘forced savings’ you can use later in life to reinvest in your family. You can use it for a variety of opportunities, such as saving for your children’s education, moving up to a bigger home, or starting your own business. As a renter, it can be more challenging to achieve those types of dreams without home equity working for you.

Bottom Line
Buying a home sooner rather than later could lead to substantial savings and long-term financial growth for you and your family. Let’s get together to determine if homeownership is the right choice for you this year.

Lynne MacFarlane, MCDM, Realtor

lmacfarlane@intero.com

831.346.2743 call/text

Lynne MacFarlane Homes

Posted on January 6, 2020 at 7:49 pm
Lynne (Watanabe) MacFarlane | Category: Buyers, Homeowners, investors, trends, Why buy | Tagged , , ,

Small Homes, Big Impact: ADU Resource Fair [Video]

 

I’ll be the host realtor at the ADU Resource Fair presented by The Housing Trust SiliconValley and AARP California, Aug 17 from 1:30 -4PM. You’ll learn how to obtain a building permit, topics about constructing an ADU and various options, lending inquries and more! Join us for an educational day.
#ADU #HousingTrustSilicon#SmallHomesBigImpact

 

Posted on August 17, 2019 at 5:56 am
Lynne (Watanabe) MacFarlane | Category: Accessory Dwelling Units, Events, Sunnyvale | Tagged , , , , , , , , , , ,

Mortgage Rates Decline – Great Time for Buyers to Come Back

If you were discouraged as a home buyer a year ago or were worried about interest rates going up, take a look again, and meet with your lender or if you don’t have one, feel free to contact me for a referral to help you prequalify. Prequalification is how lenders determine if you fit the basic financial criteria for a home loan. To get prequalified, you tell a lender some basic information about your credit, debt, income, and assets, and they tell you how much you may be able to borrow. There are higher inventory of homes on the market, and homes are longer days on market so this may be the perfect time for to make an offer.

According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 3.99 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount and are in addition to the interest rate.) It was 4.06 percent a week ago and 4.56 percent a year ago. The 30-year fixed rate moved below 4 percent for the first time since January 2018.

U.S. weekly averages as of 05/30/2019 (from 05/30/2018 – 05/30/2019) from FreddieMac.com

U.S. weekly averages as of 05/30/2019 (05/30/2018 - 05/30/2019)

Bankrate.com, which puts out a weekly mortgage rate trend index, found that more than half of the experts it surveyed say rates will go down again in the coming week. I personally like to use Bankrate’s website to see mortgage comparisons at a glance, and they have informative articles on retirement, personal finance, home equity, etc… all good educational stuff.  I found through personal experience that the online lenders will often not give you personal attention and if you’re trying to buy a home in a competitive market, this may not always be the best choice. Sometimes local banks or brokerage, you’ll be able to contact them quickly and have your answer in minutes which is very important when applying for a mortgage. AND as SmartAsset states, rates aren’t always guaranteed: “Jumping on board with an online mortgage lender because they’re promising you a super low rate can backfire if it turns out that you’re not eligible for a great deal. By that point, you could be several weeks into the process, so you might feel like it’s too late to back out. And as a result, you could end up paying more for a mortgage than you had originally planned.” You’ll want a smooth escrow so do your research upfront, find out if there are hidden fees the lender charges for processing and funding the loan.

Let me know if I can help introduce you to lenders. I can introduce you to get you started started.

Lynne

Posted on June 1, 2019 at 5:17 pm
Lynne (Watanabe) MacFarlane | Category: Articles, Buyers, Mortgage Rates | Tagged ,