Hometown Realty

Housing Stall in 2018 Has Homebuyers on Fence

By |October 12th, 2018|

Wouldn’t it be nice if all market stalls were this pretty?

Welcome to our world, where the new question du jour is “Is there a market crash on the horizon?”, or some equally broad request eliciting a prognostication beyond our worldly abilities. We say, “define horizon?”

In 2017 there was little discussion about the Peninsula housing market […]

Care to rate this post?

Nothing Remains the Same, Except Change

By |August 13th, 2018|

Nothing remains the same, except change—with each change being slightly different than the one before…

By The Numbers

Now that the waning dog days of summer are upon us, we felt it was time to summarize the second quarter sales for the year. I mean, doesn’t everyone want to know, “How is the Market”? It’s the question […]

Care to rate this post?

1812 El Verano Way, Belmont OPEN SAT & SUN 8/4 & 8/5

By |August 3rd, 2018|

1812 El Verano Way, Belmont LISTED FOR $1,598,000

Remodeled and enhanced with contemporary finishes
Three generous bedrooms
Two full taupe-tiled baths
Rich Oak hardwood flooring
Owners ensuite with walk-in shower, dual pane windows and recessed lighting
Freshly updated kitchen with newer sleek modern Samsung® appliances including silent-style dishwasher, five burner gas stove, microwave, stainless basin […]

Care to rate this post?

Prop 13 May Die a Slow Death

By |May 4th, 2018|

Do you remember proposition 13? If you do, you probably own a home, but prop 13 may be dying a slow death, at least for industrial and commercial properties.

THE BACKSTORY: On June 6th, 1978, nearly two-thirds of California’s voters passed Proposition 13, reducing property tax rates on homes, and businesses by about 57%. Proposition 13 forever […]

Care to rate this post?

Winning the Bid May Actually Be Losing

By |January 10th, 2018|

Are agents terrible at pricing homes for sale, or is there another reason so many homes sell for hundreds of thousands of dollars over the asking price?

When a home is underpriced, or overpriced for that matter, it often has to do with the fact that the listing agent is from out of the area. They […]

Care to rate this post?

Possible Tax Hike Looming

By |November 30th, 2017|

1 Month Left to Sell Before Possible Tax Hike

DAILY REAL ESTATE NEWS | THURSDAY, NOVEMBER 30, 2017

Some home sellers would need a sale contract inked before the end of 2017 in order to avoid a big tax bill that would be imposed if the GOP tax reform proposals become law. Both the House and Senate […]

Care to rate this post?

What a Mortgage Deduction Reduction Could Do to Home Values

By |November 17th, 2017|

That’s literally the million dollar question. Many of our colleagues think that it will not be passed as the House version did this week. Some have good points and others just wishful thinking.

Many agents have voiced an opinion  that the mortgage deduction will be indexed for the higher cost coastal states, but we feel that’s […]

Care to rate this post?

Belmont Home Value’s Increase—Is There No End in Sight?

By |November 17th, 2017|

Before we head into the winter slow season for home sales, we’ll take a quick look back at Q3 home sales for Belmont, and the larger San Mateo County.

BELMONT & SAN MATEO COUNTY

HOME SALES—

Belmont had 78 new listings in Q3 as compared to 64 last year during the same period, and increase of 18%.

San Mateo […]

Care to rate this post?

Belmont Home Price Increases Slow to a Crawl

By |August 5th, 2017|

In each of our Newsletters we bring you the recent Belmont home sales for the previous month. This time we thought we’d stack up the months of August to the same time last year, so the variance from the previous year is obvious.

The first thing that jumps out at us is that there were 33% […]

Care to rate this post?

Bay Area Home Values Eclipse Historical Records

By |July 1st, 2017|

Case Shiller Report for June 2017

The Case-Shiller Report was released June 27th, the last Tuesday of the month, which tracks home sales in 20 metropolitan cities around the country, called MSA’s, of Metropolitan Statistical Areas.

Our MSA (Metropolitan Statistical Area) in the Bay Area consist of five counties—Marin, San Francisco, San Mateo, Alameda and Contra Costsa. […]

Care to rate this post?