1635976943342574 UA-72458003-1 google-site-verification=bpkXPmzUUBtm0pA_hz68HRCFRNqdIA9eF18eNT7U93w Why Fodor's Travel Says The 'Best Traces of Hip-Hop Culture Are Found Everywhere in Oakland' https://youtu.be/aTsDXAtfXdI

H o u s i n g P e r s p e c t i v e | January 2020

Housing Market Outlook – Slight Improvement in 2020

Despite having a double-digit decline in the first half of the year, California home sales only dipped slightly in 2019 as low interest rates boosted the market in the last six months of the year. With the average 30-year fixed-rate mortgage (FRM) dipping more than 100 basis points from the prior year for three consecutive months at the year-end, buyers became more motivated to get back in the market and lifted sales up.
December sales were up strong from 2018 with a jump of 7.4 percent, the largest increase since November 2016. For the year as a whole, there were 397,910 existing single-family homes sold in California in 2019, a drop of 1.2 percent from 402,640 units in 2018.
 
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Posted on January 30, 2020 at 5:30 PM
Carlos Camargo | Category: Buying a House, Credit & Home Finance, N.A.R. - C.A.R. Update, Newsletter-CFC, Real Estate Market Update

The Real Estate Advisor: January 2020

Did you know plants clean the air? Three good-sized plants will work wonders for an average living room.

Some projects get bigger bang for buck – Remodeling master bathrooms and kitchens may preoccupy home sellers, but they aren’t necessarily where owners can recoup most of their money. Sellers recover, on average, about 60% of their kitchen and bathroom renovation costs, according to the 2019 Remodeling Impact Report from the NAR and the National Association of the Remodeling Industry. “You’ll never get dollar for dollar out of the renovation,” Baisden says. For sellers on a tighter budget, Baisden advises starting with projects such as painting and flooring. Set a budget of about $2,000 for the painting and $4,000 for flooring. Another worthwhile project is decluttering. If painting the whole house isn’t an option, prioritize painting the front door where buyers walk in and parts of the house that are in high-traffic zones, including hallways, entryways and kitchens, he says. Don’t overlook outside work. Sellers can recover about three times the cost of $300 spent on a lawn and seeding service, says Lautz, who stresses the strong selling points of a well-maintained lawn. “It’s really curb appeal at the end of the day.”

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Posted on January 12, 2020 at 5:54 PM
Carlos Camargo | Category: Home Care & Maintenance, Investment Property, N.A.R. - C.A.R. Update, Newsletter-CFC, Real Estate Market Update

Monthly Real Estate Statistical Update (January 2020)

Residential construction strains to meet population growth

  • California #construction still insufficient;

  • First-time homebuyer population grows, #homeownership slows;

  • California’s population growing at a slowing pace

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Posted on January 8, 2020 at 8:13 PM
Carlos Camargo | Category: N.A.R. - C.A.R. Update, Newsletter-CFC, Real Estate Market Update

🔮SMARTmoves | JANUARY 2020 | VOLUME 4 | ISSUE 1

🔮SMARTmoves | JANUARY 2020 | VOLUME 4 | ISSUE 1

▪️January is National Radon Action Month
▪️Homeowner Tip: Cut Your Energy Costs Day is 1/10
▪️Appliance Maintenance Resolutions for 2020
▪️One-Pot Zucchini Mushroom Pasta
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Posted on January 1, 2020 at 7:27 PM
Carlos Camargo | Category: Home Care & Maintenance, N.A.R. - C.A.R. Update, Newsletter-CFC, Real Estate Market Update

Monthly Real Estate Statistical Update (October 2019)

Monthly Real Estate Statistical Update (October 2019)
+ California homes sales volume to continue down
+ The yield spread forecasts the next recession
+ Active agents & brokers decline

Posted on September 30, 2019 at 11:10 PM
Carlos Camargo | Category: N.A.R. - C.A.R. Update, Newsletter-CFC, Real Estate Market Update

Statewide Rent Control and Just Cause Eviction Bill Approved by the California Legislature

Statewide Rent Control and Just Cause Eviction Bill Approved by the California Legislature
The California Legislature recently approved Assembly Bill 1482 — a statewide rent control and just cause eviction bill. Although not yet law, Governor Newsome is expected to sign the bill. Some of its major provisions include:
  • Rent Cap. A cap on annual rent increases set at 5% plus inflation, up to a maximum of 10% per year.This cap applies retroactively to all rent increases since March 15, 2019.Any rent increases initiated on or after that date will count toward the rent cap, and if over the maximum, will have to be rolled back effective January 1, 2020.
  • Just Cause. A prohibition on evictions without “just cause.”Landlords can no longer terminate month-to-month tenancies at will and may now only evict tenants for one of 15 specific reasons. The permissible reasons are divided into two categories: “at fault” and “no fault.”
    • “At fault” termination is generally allowed when tenants have breached their lease and does not require the payment of relocation assistance. “At fault” reasons include non-payment of rent, nuisance, criminal activity, refusal to allow entry, and breach of a material term of the lease.
    • “No fault” termination is allowed even when the tenant has not breached the lease and will require the landlord to pay one month’s rent in relocation assistance. “No fault” reasons include an owner or family member intending to occupy the property, withdrawal from the rental market, substantial remodeling and compliance with a government order to vacate the property,
  • Exemptions. The bill’s just cause eviction provisions only protect tenants who have been in possession for a year or more.  Certain types of housing are exempt including:
  • Single family homes and condos if:
    • Tenants have received notice of the exemption and,
    • The owner is not a REIT, corporation, or LLC owned wholly or in part by a corporation
  • Homes built within the last 15 years
  • Owner-occupied duplexes
  • Owner-occupied single-family homes where two or fewer rooms are rented out (exempt from just cause but not rent cap)
  • Government assisted housing

Posted on September 20, 2019 at 3:32 PM
Carlos Camargo | Category: Fair Housing, Investment Property, N.A.R. - C.A.R. Update, Real Estate Market Update

1st Half of 2019 – California Housing Affordability

2019-Q2 CA Housing Affordability – https://lnkd.in/eE2k2_J

The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California in second-quarter 2019 dipped to 30% from 32% in the first quarter of 2019 but was up from 26% in the second quarter a year ago, according to C.A.R.’s Traditional Housing Affordability Index (HAI). California’s housing affordability index hit a peak of 56 percent in the second quarter of 2012.

C.A.R.’s HAI measures the percentage of all households that can afford to purchase a median-priced, single-family home in California. C.A.R. also reports affordability indices for regions and select counties within the state. The index is considered the most fundamental measure of housing well-being for home buyers in the state.

A minimum annual income of $122,960 was needed to qualify for the purchase of a $608,660 statewide median-priced, existing single-family home in the second quarter of 2019. The monthly payment, including taxes and insurance on a 30-year, fixed-rate loan, would be $3,070, assuming a 20% down payment and an effective composite interest rate of 4.17%. composite interest rate was 4.62% in first-quarter 2019 and 4.70% 2Q-19

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Posted on August 30, 2019 at 9:10 PM
Carlos Camargo | Category: Buying a House, Credit & Home Finance, Español - Comprar Vivienda, First-time Buyer, N.A.R. - C.A.R. Update, Real Estate Market Update

Select East Bay County & City Buyer’s Guides – July 2019

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Posted on August 20, 2019 at 12:42 AM
Carlos Camargo | Category: Buying a House, First-time Buyer, N.A.R. - C.A.R. Update, Real Estate Market Update

June 2019 Sales Statistics for ALAMEDA COUNTY, CA – SFRs & Condos

June 2019 Sales Statistics for ALAMEDA COUNTY, CA 
(Single-Family Home)- http://rereport.com/alc/

June 2019 Sales Statistics for ALAMEDA COUNTY, CA – SFRs & Condos

(Condos/Town Homes)- http://rereport.com/alc/

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Posted on July 18, 2019 at 9:45 PM
Carlos Camargo | Category: N.A.R. - C.A.R. Update, Real Estate Market Update

Monthly Market Report | EAST BAY | June 2019

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Posted on July 18, 2019 at 8:58 PM
Carlos Camargo | Category: N.A.R. - C.A.R. Update, Real Estate Market Update