Sarita Dua

🔥 East Bay HOUSING: Demand Outstrips Supply 🔥 ProTip: Now is the time to sell.. Read full bog: https://lnkd.in/gNx5Ytz9 I want to share a closer look at the dynamic real estate market of California's East Bay. As someone deeply interested in the intertwining of economic forces and real estate dynamics, I find the current market trends in this area both fascinating and vital for anyone looking to buy or invest here. So, let's break down the complexities of housing supply and demand in the East Bay, and explore what it means for buyers and sellers alike. Buyer Demand in the East Bay The East Bay has always been attractive due to its proximity to major economic hubs like San Francisco and Silicon Valley. This region draws a continual influx of professionals looking for more affordable living options while still staying connected to the bustling job markets of nearby tech giants. The high demand in real estate here is not just about location; it's also about the quality of life and the relative affordability compared to its neighboring regions. Challenges with Housing Supply Despite this robust demand, the East Bay faces significant challenges in housing supply. New housing developments are often slowed by stringent zoning laws and limited space for expansion, leading to a shortage of available homes. This scarcity is a critical factor driving up the prices in the area, making the market highly competitive. For instance, it's not uncommon to see bidding wars and homes selling well above their listed prices. The Price Scenario: With demand consistently outstripping supply, home prices in the East Bay have been on a steady climb. This trend is symptomatic of a broader state-wide issue in California, where housing shortages keep pushing prices up, making it challenging for first-time buyers and even for investors looking to expand their portfolios. Economic and Demographic Influences The East Bay's real estate market is also influenced by broader economic conditions such as interest rates, employment rates, and the overall economic health of the tech industry. Additionally, demographic trends, including migration from more expensive areas and the influx of younger professionals, further complicate the market dynamics. Pointers Whether you are a buyer or seller, we are consistently seeing an increase in home value over time so if you are buying, the sooner the better Sellers will be able to be able to negotiate competitively because of the shortage in housing Limit space / big population -- there are more people than housing available too, like even if the new build was 100% on track and fast, it still wouldn't necessarily fix the housing shortage since it is a huge percentage Conclusion: --Real Blog for full story

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5 States Where Homebuyers Could Save More Than $100K by Comparison Shopping for a Mortgage Contact me to discuss the latest scoop in real estate! #piedmont #piedmont #sfrealestate #bayarearealtor #bayarea #california #bayarearealestate #sfrealtor #californiarealestate #luxuryhomes

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🏡 Unlocking the Secrets to Success in San Diego Real Estate! 🏡 Are you considering buying a home in San Diego or helping clients navigate this dynamic market? Whether you’re a prospective homeowner or a fellow real estate professional, understanding the ins and outs of the San Diego real estate market is crucial. In my latest video, I share invaluable insights and strategies to help you succeed in this competitive environment. Here’s a preview of what you’ll discover: Interest Rate Buy Downs: Learn how 2-1 buy downs and seller closing cost credits can significantly reduce your mortgage payments and make home ownership more affordable. Deals from New Builders: Explore the exceptional offers from builders like KB Homes and Tri Pointe, including interest rate buy downs and HOA fee incentives. I’ll show you how to leverage these deals to your advantage. Finding Off-Market Homes: Uncover the secrets to discovering off-market properties, which can provide unique opportunities and reduce competition in your home search. Negotiating on Homes That Have Sat on the Market: Some homes linger on the market longer than others. Learn how to identify these opportunities and negotiate effectively to secure a great deal. Down Payment Assistance Programs: Find out about the various down payment assistance programs available in San Diego that can help make your home purchase more accessible. Current Market Trends: Stay informed with the latest San Diego housing market trends and predictions, helping you make smarter, more strategic decisions. The Importance of Home Inspections: Discover why a thorough home inspection is essential and how to negotiate repairs or credits to ensure a fair deal. Local Knowledge and Neighborhood Insights: Understand the importance of local insights, from schools and amenities to commute times, and how they can impact your home buying decision. Whether you’re a buyer looking to make a savvy purchase or a real estate agent aiming to provide top-notch service to your clients, these insights will equip you with the knowledge and confidence to excel. Questions? Call me. I'd love to help. I can be reached at 619-818-2992. Chris Spade Keller Williams CA DRE #01785713 CA DRE #01295699

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🔍 In this latest update, I dive into the San Mateo County real estate market, comparing April 2024 to April 2023. The market's heating up, with single-family homes seeing a 20% increase in new listings and a whopping 47% jump in sold listings. Prices are on the rise too, with average sales prices up by 8% and homes selling 7% over the asking price. It’s a hot seller’s market! 🔥🏡 📈 For condos and townhomes, we saw a 15% increase in new listings and a 46% rise in sold listings. Prices are climbing steadily, with a 14% increase in median sales prices. Despite a slight rise in inventory, demand remains strong. 👉 Thinking about buying or selling in the San Francisco Bay Area? Reach out to me for expert advice and insights! 📞 ✨ Don't forget to follow for more updates, hit that subscribe button, like, and drop any questions in the comments. #BayAreaHomes #SanMateoCounty #RealEstateMarketUpdate #SFRealEstate #sanmateo #sanmateohousingmarket #sanmateorealestate

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TOP 5 REASONS TO MOVE TO SAN JOSE! Sunshine, techie haven, or hidden gem?  Spilling the tea on why I made the move to San Jose! From career opportunities to surprising perks, this video dives into the TOP 5 reasons I said "YES" to Silicon Valley living. Thinking about a move? Watch this first! And don't forget to subscribe for San Jose living tips!

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LME Investments: Weekly Newsletter - 5/5/2024 - California has reversed a three-year population decline, ED1 update. Hi All Thank you for taking the time to read the LME Investments / Local Multifamily Experts Meetup weekly newsletter. We strive to highlight the most relevant insights, trends, and issues impacting real estate investing, with a focus on the multifamily sector in the nation's largest county - Los Angeles. California's population grew for the first time since 2019. While California still lost more residents to other states than it gained (as has been true for 20 years), an increase in legal immigration helped push up the state's population. The population of Los Angeles County grew to 9.82 millon. LA County median home sale prices for March 2024 were 7.1% higher than March 2023, according to Redfin data. The median price per square foot of homes sold was $602, which is 8.3% higher than March 2023. Also, homes sold faster (on average 37 days on market), vs 44 days on market in 2023. LA City Councilmember Katy Yaroslavsky has introduced a motion which would limit the scope of Mayor Karen Bass's Executive Directive 1 (known as ED1). ED1 has been used to streamline affordable housing approvals. Yaroslavasky's proposal seeks to restore the Historic Preservation Overlay Process (HPOZ) for ED1 projects proposed in certain areas. Yaroslavsky's proposal follows another one by Councilmember Eunisses Hernandez, which would restrict discretionary ED1 developments on sites currently occupied by rent-stabilized apartment buildings. It remains unclear whether either of these proposals will pass - but if they do, it could restrict efforts to increase housing supply in Los Angeles. That's it for now. We'll see you next week!      Warm Regards, Sanjeev Bhatia & Shiva Bhaskar, Esq. info@lmeinvestments.com WWW.LMEINVESTMENTS.COM https://lnkd.in/eP-r_MSZ

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Sacramento Real Estate: Unveiling Lucrative Investment Opportunities As the capital of California, Sacramento stands at the crossroads of opportunity, offering investors a dynamic real estate landscape to explore. In this blog post, we'll delve into the thriving opportunities within Sacramento's real estate market, from its burgeoning job market to diverse neighborhoods that cater to a variety of lifestyles. As we embark on this exploration, we'll discuss how Mayne St Properties can be your strategic partner in making informed investment decisions within the Sacramento real estate market. https://lnkd.in/gst8sc-y

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