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

REAL ESTATE ADVISOR: SEPTEMBER 2019 –  Down payment got you down?

Down payment got you down?

Ten things to know before buying a home

• LOOKING TO BUY OR SELL A HOME IN THE EAST BAY? I can help! Visit ===> www.carlosfcamargo.net 

Posted on September 11, 2019 at 5:54 PM
Carlos Camargo | Category: Buying a House, Credit & Home Finance, First-time Buyer, Glossary of Housing & RE Terms, Real Estate Market Update

SMARTmoves Newsletter | SEPT 2019 | VOL 3 | ISSUE 9

SMARTmoves Newsletter | SEPT 2019 | VOL 3 | ISSUE 9

+ Ten Tools Every New Homeowner Needs
+ Homeowner Tip: Check Gutters & Downspouts
 
+ The Basic and Beautiful Bulb
 
+ Greet Autumn with Grilled Creamed Corn

LOOKING TO BUY OR SELL A HOME IN THE EAST BAY?

🏠 Visit: www.carlosfcamargo.net | Call: 510.798.5016
 
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Posted on September 1, 2019 at 8:23 PM
Carlos Camargo | Category: Home Care & Maintenance, Newsletter-CFC, 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

🏠 LOOKING TO BUY OR SELL A HOME IN THE EAST BAY?
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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

Monthly Real Estate Statistical Update (September 2019)

Monthly Real Estate Statistical Update (September 2019):

Homeownership demographics struggle

+ The homeownership decline hits young homeowners hardest

+ Student loan debt holds back homeownership for the young

+ Negative immigration to continue chipping away at home sales

 

#BHGRE #CarlosFCamargoPhD #RealEstate #RealEstateAgent#RealEstateBroker #RealEstateLife #NoPlaceLikeHome_EastBay#OaklandCA #Realtor #RealEstateForSale #RealEstateExpert #Broker#HomeForSale #HouseForSale #PropertyForSale #realestatemarket#HouseHunting #ExpectBetter #BHGRealEstate #bayarea#BHGReliancePartners #contracostacounty #alamedacounty#reliancepartnersbhgre #RealEstateLifeStyle #RealEstateTips#successtips #home #HomeDecor #HomeDesign

Posted on August 30, 2019 at 1:24 PM
Carlos Camargo | Category: Buying a House, First-time Buyer, Real Estate Market Update

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

Let me help you navigate the East Bay real estate market!
🏠__Visit: www.carlosfcamargo.net | Call: 510.798.5016 🏠

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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Let me help you navigate the East Bay real estate market! Visit: www.carlosfcamargo.net | Call: 510.798.5016

#BHGRE #CarlosFCamargoPhD #RealEstate #RealEstateAgent #RealEstateBroker #RealEstateLife #NoPlaceLikeHome_EastBay #OaklandCA #Realtor #RealEstateForSale #RealEstateExpert #Broker #HomeForSale #HouseForSale #PropertyForSale #realestatemarket #HouseHunting #ExpectBetter #BHGRealEstate #bayarea #BHGReliancePartners #contracostacounty #alamedacounty #reliancepartnersbhgre #RealEstateLifeStyle #RealEstateTips

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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Let me help you navigate the East Bay real estate market!
Visit: www.carlosfcamargo.net | Call: 510.798.5016

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

SmartMoves – JULY 2019 | VOLUME 3 | ISSUE 7 

SmartMoves – JULY 2019 | VOLUME 3 | ISSUE 7 

+ 7 Steps To An Organized Home Office
+ Homeowner Tip: Check Your Bathtub Caulk
+ Keep your Home Safe During Your Summer Vacation
+ Red, White, and Bleu Burgers

🏠___
Let me help you navigate the East Bay real estate market!
Visit: www.carlosfcamargo.net | Call: 510.798.5016

Posted on July 15, 2019 at 8:17 PM
Carlos Camargo | Category: Newsletter-CFC, Real Estate Market Update

REAL ESTATE NEWS – Monthly Update – June 2019

June 2019

REAL ESTATE NEWS

Brought to you by Carlos F. Camargo, Ph.D.

Gen Xers Driving Multi-Generational Housing Trend

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MultiGen LivingThis Is Us. Jane the Virgin. Black-ish. What do they have in common? They are all family television programs that have members of multiple generations living under one roof. But the reality of multi-generational living is more than sitcom fodder. 

According to the 2019 Home Buyer and Seller Generational Trends report by the National Association of REALTORS® (NAR), multi-generational housing continues to be a growing trend among homebuyers. This trend is driven largely by Gen Xers, who are the second-largest band of homebuyers today at 24%. Of that cohort, one in six purchased a multi-gen home, half of whom cited accommodating adult children as their reason for doing so. 

When it comes to millennial buyers, nine percent purchased a multi-generational property they could share with aging parents, per the report. 

Whether you’re looking to accommodate aging parents or making room for your boomerang child, these tips will help you find the right place to make it work. 

Look for a home that was built with multi-generational living in mind.
Schumacher HomesLennar, and Plantation Homes are just a few of the builders offering a multi-gen solution in a brand-new residence. 

Tailor your home search.
If custom built multi-generational home isn’t doable, look for a home that’s easily convertible. A downstairs bedroom and bath is key for older residents, and an en suite bathroom is even better. A home with a basement or attic may seem like an ideal place to turn into a grandparent’s haven, but stairs can be dangerous and obviously wouldn’t work for a parent using a walker or wheelchair. 

A property with a guesthouse or enough land on which to place a granny suite or tiny home is another option. Just make sure the land is zoned properly to accommodate this type of structure. 

Make smart renovations.
Taking down walls to create an open floorplan is a smart move that can have a positive impact on your home’s value and also make it more accessible for aging parents. 

The National Association of Home Builders’ (NAHB) Aging-In-Place Remodeling Checklist recommends a “5-foot by 5-foot clear/turn space in living area, kitchen, a bedroom, and a bathroom.” They also suggest wide hallways that measure a minimum of 36-inches across, good lighting, and non-slip flooring.

6 Kitchen Design Trends Inspired by Restaurant Kitchens

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Not all kitchen design trends stand the test of time, but a restaurant kitchen is meant to be as functional as possible for as long as possible. Taking a few cues from restaurant kitchens can help you create a residential kitchen that you’ll be sure to love for years to come!

Restaurant Kitchen

1. Forget the Island
A kitchen island allows for lots of prep space and storage but can also make even a large space seem cramped and crowded. A work table in place of the kitchen island still provides plenty of room to work, offers shelving underneath for storage, and can be moved easily when not in use.

2. Consider a Stainless Steel Backsplash
Stainless steel is durable, doesn’t absorb microbes, and is fire-resistant, which is why it’s long been a popular material for commercial kitchen backsplashes. It’s also easy to clean and coordinates with most kitchen styles.

3. Hang Utensil Rods
Rarely do restaurant kitchens keep utensils in drawers, as this is a surefire way to create a cluttered, jumbled mess. A utensil rod or two will keep all your kitchen tools organized, in plain sight, and close at hand.

4. Install a Magnetic Knife Strip
Much like utensil rods, many commercial kitchens include magnetic strips along walls to hold chefs’ knives. Storing knives on a magnetic wall strip reduces the risk of cutting yourself while rooting around in a drawer and also allows you to easily see each knife blade type and size. A magnetic knife strip also eliminates the need for a bulky knife block on the countertop.

5. Use Wire Shelving in Your Pantry
Wire shelving allows for air circulation around your stored foodstuffs, reducing damage from heat and humidity. Wire shelves also don’t need cleaning as often as standard wood shelves.

6. Install an Open Shelf Over the Stovetop
Many commercial kitchens feature an open shelf or two over the stovetop, for holding pots and pans, spices, timers, and even a recipe or prep instructions. Consider asking your kitchen contractor about an open shelf over your new stovetop, for added convenience and to break up the look of a bare wall behind the stove.

QUESTIONS? VISIT http://carlosfcamargo.agent.rpeastbay.com/

 

Posted on June 14, 2019 at 11:49 PM
Carlos Camargo | Category: Newsletter-CFC, Real Estate Market Update

To Turf or Not to Turf

May 2019

REAL ESTATE NEWS

Brought to you by Carlos F. Camargo, Ph.D.

To Turf or Not to Turf
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Installing TurfYard care is a big consideration for homeowners. Real grass is high maintenance, a water hog, and expensive to replace. Artificial grass may be a good alternative for some households. Here are some of the pros and cons of turf:

Pro: No maintenance.
Artificial grass does not require mowing, edging, seeding, or watering. Once you lay it down, you’re done.

Con: Initial expense.
Turf prices range from $8–14 per square foot. You can find some sales and deals, but keep in mind that you get what you pay for. The upside is you won’t need to replace or re-seed it.

Pro: Long-term durability.
“The life expectancy of artificial turf can be upwards of 25 years,” says Gardenista, “making it a less costly alternative to real turf over its life span.”

Con: It might be against the rules.
If you live in a community with a Homeowner’s Association (HOA), be sure to get permission first. Turf is becoming more common, which is convincing more HOAs to approve its use, but check first. You don’t want to make a big investment in turf only to be told you have to rip it out and replace it with grass.

Pro: It’s eco-friendly.
The water savings element is huge if you’re looking to live a little greener. Some manufacturers even use recycled materials, such as old tires or plastic bottles.

Con: It’s not biodegradable.
Artificial grass will end up in a landfill some day.

Pro: It’s pet-friendly.
“The good news is that pet waste won’t negatively impact your artificial grass, and turf is easy to clean,” says Purchase Green. There are also specific types of turf that are designed for animals.

Con: It’s hot.
“Real grass has a cooling effect when the air temperature is high. Artificial grass lacks this cooling quality,” says SFGATE. “The grass itself may become hotter than the air and can make the surrounding air feel hotter.”

Pro: It looks great all year round
If you live in an area where the lawn is dormant in the winter, it will be a nice change to see your lush, green (faux) lawn, even in negative temps.

My Loan Was Sold. What Gives?
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You’ve just moved in to your new home. You’ve unpacked, and you’re starting to settle in when you receive a letter informing you that your mortgage has been sold and is being serviced by a new institution. Is this allowed? Have the terms of your mortgage changed? Why would your lender sell your mortgage?

Mortgage Bricks

Among the many documents you signed when you first applied for a loan was a Mortgage Servicing Disclosure. This document tells you what percentage of the lender’s loans are sold. More often than not, the majority of loans approved and funded by a particular mortgage company will be sold to someone else. It’s important to note that just because your mortgage has been sold, this does not change the terms of your loan. Your loan payment and interest rate will not, and cannot, be impacted. 

You’re probably wondering, “Why go through all the effort of originating, approving, and funding a loan just to forgo all the interest that new loan provides?” The answer is surprisingly simple. If not for selling the loan, the lender would soon run out of money to lend.

Mortgage companies today work with a line of credit. It’s not as if the mortgage company approves a loan then opens up a vault full of money to fund your mortgage. When it’s time to fund your loan, the lender taps into the line of credit for the necessary amount. In order to replenish this line of credit, the lender sells the loan to a third party. Once the loan is sold, the lender now has more funds to make more loans. Who is the loan sold to? Many times it’s sold to other mortgage companies, but ultimately the loan is sold either to Fannie Mae or Freddie Mac.

The marketplace for all this loan buying and selling is called the secondary market for mortgages. This secondary market is robust and active and keeps the mortgage market liquid. Without a secondary market, there would be fewer loans issued and still fewer choices. When your loan is sold it’s not because your original lender doesn’t appreciate your business, it’s so they can continue to service other home buyers and make more loans.

QUESTIONS? VISIT  www.carlosfcamargo.net

Posted on May 20, 2019 at 11:38 PM
Carlos Camargo | Category: Home Care & Maintenance, Newsletter-CFC, Real Estate Market Update