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Some Points About Our California Housing Crisis

Reasons why we don't build enough housing in California Community resistance Water restrictions and lack of water to support additional population Commercial development brings in more tax revenue than residential Project reviews and CEQA delays discourage developers What are the obstacles to housing in California? Supply and demand create inflated prices and income doesn't have the chance to catch up Mortgage rates are low but buyers can't afford to pay the inflated housing

Woman vs Man - Home Purchase Preferences

One in five consumers buying a home today is a single woman. Meyers Research in Costa Mesa, Calif., conducted a survey analyzing the buying preferences of 33,000 home shoppers, including both men and women with a variety of locations and price points. They found that the influence of the female buyer segment goes further than expected. Not only are women involved in buying their own homes, but they also help guide many single men who seek advice during a home search. Here are

Monterey County Real Estate Market August 2019

Here are the latest statistics for Monterey County. Just like our micro-climates, our area has many different communities and prices and market trends can vary significantly. Keep in mind, these figures represent the WHOLE county. The average price of a home in Pebble Beach and Carmel is over $2 million whereas an average home in Seaside is $660,000. In the rural areas of Salinas and South County prices can be in the low $300,000's. As you can see, we have a huge range but th

Survey Says....Some Facts About Family Home Buying

No surprises here and the Monterey Peninsula and Bay Area are no exception..... According to the National Association of REALTORS®’ 2019 Moving With Kids survey, based on responses from more than 7,000 consumers, the two characteristics that buyers say they weigh the most when deciding on a neighborhood are the quality of the school districts and the proximity to schools In addition, parents are willing to make sacrifices for the sake of their children and will spend a littl

How Motivated are Millenials for Home Ownership?

Chase Home Lending just released a study called Readying to Buy. It reveals the attitudes, preferences, tendencies and behaviors that this demographic has toward the home buying journey. The study looked to better understand Millennials’ urgency to buy a home, lifestyle adjustments they’re willing to make to prepare for that big purchase, and their general perception of home buying. The statistic that was most surprising to me was the one about limiting eating out. 71% of men

Bathroom Details That Count!

Realtor.com® recently featured an article on the smaller details that can help elevate a bathroom’s look. Here are 4 suggestions that can make a difference: Luxe Shower Head: Low-flow showerhead systems and models that detach from the wall are trending. Designers also suggest raising the showerhead a foot or so higher. Clean Tile Grout: Grout has the potential to make a bathroom look cleaner. Make sure the grout blends with the tile. Towel Rack: A place to hang the towels can

Position Your Home To Sell!

Here are some helpful guidelines when thinking about selling your home. Factors that Impact Your Home’s Value: Market Conditions – the current supply (or inventory) of homes for sale, buyer demand, interest rates and availability of financing, prices of recently sold properties, economic factors and seasonal demand all play a role in pricing Your Home’s Condition – location, age, size of the home and lot, floor plan and architectural style. Be objective about your home and tr

Price Reductions & Pricing Right!

In a recent survey by ShelterZoom, 1000 consumers were asked about how soon they would be willing to reduce the price of the home if they had not receive an offer. Here are the results: 20% would reduce price within 1 month 33% would reduce price after 3 months 17% would reduce price after 5 months 12% won’t Sell for less than they listed The largest number of potential buyers will view a newly listed home within the first 14 days on the market, and the number will decrease a

Luxury Home Wish Lists for Young Buyers

Today, young buyers have different ideas about luxury living. Here's a list of some of their wish list items: Less space, more functionality: Millennials are choosing smaller luxury homes that make smart use of space and are filled with high-end amenities and furnishings. They want open-concept living areas, showcase kitchens, spa-like bathrooms, and multiuse rooms. Technology focus:. Fast internet access for telecommuters who work from home is a must and a smart home filled

Looking for the Latest Design Trends?

Things are always changing but many designs recycle. Here are some of this summer's design trends: West Coast Cool: Rooms will feature furnishings with relaxed, natural textures - rattan and cane, wood, stone and earthy tones. Light, airy fabrics like linens and sheers will be layered in and the botanical and floral patterns will be popular. Mixed Furniture & Styles: Mixing old with new creates interest in any room. Mid Century modern paired with a french antique. Mixed it up

5 Upcoming Design Trends for the Home

Interesting news on the home design front......We're moving away from neutrals and grays and opting for bolder colors throughout the home! Here's a look at 5 projected trends for the next couple of years: 1. Bolder colors for cabinets, walks and even sinks. Terra Cotta, purple, blues and black to name a few 2. Brass and bronze accents continue to remain popular with hardware, lighting and faucets. 3. Geometric shapes such as squares, triangles and diamonds provide interest in

Home Design Trends for 2019

Here are 5 home design trends for 2019 courtesy of Taylor Morrison: 1. Pastels and jewel tones: Baby blues, mint greens, and blushing pinks will gain popularity in 2019, according to the home builder. If pastels aren’t for you, bold jewel tones like emerald and sapphire are another popular option for the new year. 2. Monochromatic schemes: The builder also picks high-contrast, monochromatic designs as a go-to trend for 2019, particularly in the kitchen. 3. Florals: Florals ar

National News: Survey on Home Trends

We're blessed with many amazing views on our beautiful coastline so this latest survey could be good news for many home owners on the Central Coast. Here are some top choices regarding home styles and features... Forty-five percent of Americans surveyed say if they could get their top choice they’d have a waterfront view, whether that’s a lakefront or oceanfront view. Views of a coast, city, or hills, raised elevations, and mountains followed in their preferences. The most pr

National News: Residential Design Trends for 2018

Here are some top trends that were reported by Fixr, a company that creates remodeling cost guides and polls industry experts to find out what they see in the building industry. Where are homebuyers most likely to build a single-family home in 2018? 50% urban area 42% subdivision 5% rural 3% resort area What will be the most popular floor plan for single-family homes in 2018? 76% open floor 11% single level Split level 5$ Two-story-3% What ways are homebuyers most likely to i

National News: Multi-generational Living!

Did your kids move home after college? Do you have parents living with you? A new analysis from the Pew Research Center shows that households with two or more adult generations hit an all-time high in 2016, using the most recent census data available for the analysis. The number of multi-generational households rose to an all-time high of 20%—or 64 million—of the U.S. population in 2016. The multi-generational household trend appears to be growing across nearly all racial and

National News: Boomers and Gen X'ers Are Moving Away from Home Ownership!

I think we are all aware of the housing crisis in many of your communities in California. Buying a home is getting harder for many and with investors snatching up affordable homes with all cash purchases, the typical buyer doesn't always stand a chance. What's the alternative?.....Continue to rent! Here are some interesting statistics on rental trends in California About 67 percent of all renters say renting is more affordable that owning a home, the report showed. And about

National Real Estate: Some Trends to Watch in the Upcoming Years!

Some interesting demographic trends for the next 10 years........ John Burns, CEO of John Burns Real Estate Consulting and his team spent more than 9,000 hours researching demographic shifts that will occur over the next decade. Here are some of the demographic trends they found: 1. More people over the age of 65: Thirty-eight percent of the population will be over the age of 65 within the next decade—the number will hit 66 million people by 2025. This will spark even greater

National Real Estate News: Bamboo...A New Home Trend!

Bamboo is making its way into more home interiors. From flooring, window treatments to wall accents, furnishings and more, this sustainable material is popping up everywhere. Why?: Bamboo is widely available and more affordable than many other wood products. Bamboo is traditionally considered a type of wood flooring, but it’s actually not a wood at all, but a grass. And at growth rates of three to five feet per year, bamboo is one of the fastest growing plants on Earth, which

National Real Estate News: A Few Myths Sellers Believe About Pricing Their Home

Often home sellers fall prey to myths that don't always match the reality of the housing market. Here are a few that Realtor.com highlighted about home pricing. You don't always make money on the sale of a home: Sellers' profits greatly depend on their location and how much they paid for the home when they purchased it. The National Association of Realtors reports that 23 markets have seen the cost of homes decrease in recent months and we shouldn't forget the huge market dec

National Real Estate News: Current Design Trends

Styles change from year to year and this year is no exception. Take a look at some current decor trends for 2017....... Monochrome Spaces: Although I still love color, muted pastels and monochrome palettes are all the rage. Walls, trim, ceilings and furniture create a unified look New Modern: Clean, minimal aesthetic with curved lines and mixed materials. Transparent Furniture: Colored or transparent glass or acrylic help keep a small space from feeling boxed in. It also adds

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