Marin County Real Estate Blog

Is Home Price Appreciation Accelerating Again?

Is Home Price Appreciation
Accelerating Again? | MyKCM

At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize. The National Association of Realtors (NAR) reports that there are currently 410,000 fewer single-family homes available for sale than there were at this time last year.

This has forced those who made appreciation forecasts this past January to amend those projections. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, the ...

Patience Is the Key to Buying a Home This Year

Patience Is the Key to Buying
a Home This Year | MyKCM

The question many homebuyers are facing this year is, Why is it so hard to find a house? We're in the ultimate sellers' market, which means real estate is ultra-competitive for buyers right now. The National Association of Realtors (NAR) notes homes are getting an average of 4.8 offers per sale, and that number keeps rising. Why? It's because there are so few houses for sale.

Low inventory in the housing market isn't new, but it's becoming more challenging to navigate. Danielle Hale, Chief Economist at realtor.com, explains:

The housing market is still relatively under supplied, and buyers can't buy what's not for sale. Relative to what we saw in 2017 to 2019, March 2021 was still roughly 117,000 new listings lower, adding to the pre-existing early-year gap of more than 200,000 fresh listings that would typically have come to market in January or February. Despite this week's gain from a year ago, we're 19 percent below the new seller activity that we saw in the same week in 2019.

...

Planning to Move? You Can Still Secure a Low Mortgage Rate on Your Next Home

Planning to Move? You Can
Still Secure a Low Mortgage Rate on Your Next Home | MyKCM

This year, mortgage rates have started to slowly climb above recent record-breaking lows. Many homeowners planning to move may feel like they've missed the chance to score a great rate on their next mortgage. In reality, there's still time to secure a rate far below the historic norm. Here's why.

After creeping up for seven consecutive weeks, average mortgage rates have dropped more recently (See graph below). With rates taking a slight dip over the past two weeks at the same time the inventory of houses for sale is so low, homeowners today are sitting in the optimal seat to sell. What's the advantage of selling your house now? Securing a low mortgage rate on your next home.Planning to Move? You Can Still Secure a Low Mortgage Rate on Your Next
Home | MyKCMTo take...

Home Is Where the Heart Is [INFOGRAPHIC]

Home Is Where the Heart Is
[INFOGRAPHIC] | MyKCM

Some Highlights

  • There's no doubt about it: homeowners love their homes, and that feeling has become even more important over the past year.
  • The vast majority of homeowners say they're emotionally attached to their home and that it has kept them safe during the COVID-19 pandemic.
  • Owning a home provides a sense of safety, security, and accomplishment. Let's connect to move your homeownership goals forward today.

Contact the Marin Modern Team, your Marin County real estate connection, for assistance buying or selling a home in Marin County California.

...

Some Buyers Prefer Smaller Homes

Some Buyers Prefer Smaller
Homes | MyKCM

Over the past year, we've had plenty of opportunities to reflect on what we consider most important in our lives. The place we call home is one of the biggest things many of us are reevaluating. George Ratiu, Senior Economist at realtor.com, shares:

The very nature of the pandemic, through the health implications, social distancing, and need to isolate, has really brought a central focus on the importance of home for most Americans…In a sense, it has elevated real estate markets as a centerpiece of our lives.

For some, this has spurred an interest in making a move to a home that better suits our changing needs. In a recent study on today's homebuyer preferences, the National Association of Home Builders (NAHB) states:

When asked more specifically how the pandemic may have impacted their preference for home size21% or about 1 out of every 5 buyers, do want a larger home now as a direct result of the health crisis, while another segment – 12% – would prefer a smaller one instead.

While you might expect more time at home to lead to a need...

Multigenerational Housing Is Gaining Momentum [INFOGRAPHIC]

Multigenerational Housing Is
Gaining Momentum [INFOGRAPHIC] | MyKCM

Some Highlights

  • If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs.
  • With benefits that include a combined homebuying budget and shared caregiving duties, an increasing number of households are discovering the value of a multigenerational home.
  • With such high demand for houses today, now is a great time to sell so you can upgrade to a multigenerational home that may better suit your evolving needs.

Contact the Marin Modern Team, your Marin County real estate connection, for assistance buying or selling a home in Marin County California.

...

Buyer Competition Is Good News for Sellers [INFOGRAPHIC]

Buyer Competition Is Good
News for Sellers [INFOGRAPHIC] | MyKCM

Some Highlights

  • With so many buyers looking for homes to purchase and so few houses available today, there's a substantial increase in bidding wars, and homes are selling fast.
  • According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), on average, houses are receiving over four offers from buyers and they're selling in less than three weeks.
  • If you're ready to make a move, let's connect today so you can sell your house while the market is in your favor.

Contact the Marin Modern Team, your Marin County real estate connection, for assistance buying or selling a home in Marin County California.

...
Current Homes for Sale
Southern Marin
City # Price Range
Belvedere 9 $3.8m - $22.5m
Mill Valley 43 $585k - $12.5m
Sausalito 12 $475k - $4.8m
Tiburon 24 $940k - $13.8m
Central & North Marin
City # Price Range
Corte Madera 7 $789k - $3.8m
Fairfax 7 $795k - $3.5m
Greenbrae 10 $628k - $3.8m
Kentfield 8 $1.6m - $18.0m
Larkspur 9 $497k - $5.3m
Novato 46 $363k - $4.3m
Ross 4 $2.8m - $7.3m
San Anselmo 17 $799k - $3.8m
San Rafael 63 $105k - $6.2m
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