SOLD – by The Caton Team in San Carlos

We love what we do!

We love turning Real Estate goals into Reality – even mid-pandemic.

SALES INFO | 3D TOUR

SALES INFO | 3D TOUR 

How can The Caton Team help You?

Many of our clients are our friends, many of our clients turn into friends.  Helping our friends brings us joy!  

When it was clear – even mid-pandemic – there was no stopping The San Carlos Real Estate Market – our client took advantage of the opportunity.  We found the perfect home for their needs and were able to obtain a bridge loan from Welcome Home Funding to buy it. Once they got them moved in, then the preparations of their previous home for sale started – all during the pandemic. Thank you to all our stagers and vendors for making a new normal and getting it all done!  

San Carlos is a robust market and everyone shopping here knows the vaule.  Within a few days we found the right buyers – so much so – our seller didn’t need to see any other offers – the one in hand was perfect.

It takes a team to make Real Estate happen – so The Caton Team was very grateful to work with Alana Corso of Dwell – a great buyers agent makes our lives easier.

Like all things during COVID we had our share of hiccups – but together – we made it work.

Thank you Kit for trusting The Caton Team with your Real Estate goals – feels so good to have helped you accomplish it!

 How can The Caton Team help You?

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654 |  EMAIL  |  WEB  |   BLOG

Got Real Estate Questions?   The Caton Team is here to help.

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654 |  EMAIL  |  WEB  |   BLOG

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

Want Real Estate Info on the Go?  Download our FREE Real Estate App:  Mobile Real Estate by The Caton Team

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts.  Information is deemed reliable but not guaranteed. Third party information not verified.

Are Low Mortgage Rates to Blame for High Home Prices?

Double-digit price increases for homes are not exactly what most people in real estate predicted to occur in a recession. But could low mortgage rates—the 30-year fixed-rate mortgage hit a record-low average of 2.81% last week—be partially to blame?

“The combination of what could be the lowest mortgage rates of our lifetimes, a paucity of inventory, and a desperate rush of buyers has resulted in median home list prices hitting new records,” realtor.com® reports.

Home prices were 12.2% higher for the week ending Oct. 10 than they were a year ago,  realtor.com® data shows.

“It’s unprecedented for us to get a massive run-up in home prices during a recession,” says Sam Khater, Freddie Mac’s chief economist. “It’s clear that [mortgage] rates matter even more than unemployment rates.”

Low mortgage rates are helping buyers afford higher home prices, and they’re creating a buying frenzy in the housing market to lock in such low rates. Home buyers purchasing a median-priced home at about $350,000 still pay about $80 less than if they purchased a median-priced home of $315,000 last year at a higher interest rate average of 3.69%, a realtor.com® analysis shows.

Affordability goes up with low mortgage rates. However, home buyers do need a higher down payment as prices rise.

High home prices with high mortgage rates, on the other hand, is not a good combo, housing analysts point out. Ali Wolf, chief economist of Zonda, told realtor.com® that if mortgage rates go up by even a half-point, hundreds of thousands of buyers may no longer be able to purchase a home. First-time buyers, who tend to have smaller budgets, likely would experience the biggest repercussion.

But many economists are predicting mortgage rates to stay low in 2021. In the meantime, home prices likely will remain elevated because buyer demand remains high and inventories remain stretched thin.

Get exclusive inside access when you follow us on Facebook & Instagram

I read this article HERE 

Got Real Estate Questions?   The Caton Team is here to help.

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.  How can The Caton Team help you?

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654 |  EMAIL  |  WEB  |   BLOG

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

Want Real Estate Info on the Go?  Download our FREE Real Estate App:  Mobile Real Estate by The Caton Team

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts.  Information is deemed reliable but not guaranteed. Third party information not verified.

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Pending in 24 Hours – By The Caton Team

Pending in 24 Hours.  The Caton Team feels so blessed to have achieved our clients goal – after months of waiting for the Shelter in Place to shift.  We had to change our strategy – but adapting to the situation is what Susan and Sabrina – The Caton Team – do best.

With Virtual Tools, fantastic friends/clients working together – 815 Columbia Circle shined the moment we went on the market.  Coupled with this amazing Bay Area Real Estate Market and matched by a very hard working Buyer’s Agent Jimmy and his seriously well prepared buyers – four hours after seeing our wonderful townhome we had an amazing offer in hand with all disclosures signed.  Just as The Caton Team does for our buyers.  By 10 pm that night our thrilled clients accepted the offer they had hoped for – just 24 hours after going LIVE.  After a multitude of showings all day it was so wonderful to know that by that night – we made both buyer and seller very happy.  THIS!!!! is why I love being a Realtor.

Our current Covid Real Estate Market is truly the best market but not why you think.  Home, more than ever is so important and many of us are reevaluating what is a priority in our lives.  Family.  Security.  Peace of Mind.  The American Dream is alive and well and it shows in our market.  Those who are selling, have a goal in mind and with clear communication – The Caton Team can achieve your selling goals – swiftly.  Those who are buying – know what an opportunity the market is during Covid.  The caliber of buyer and Realtor out there is the best quality The Caton Team has seen in our combined 30+ years in local Real Estate.  Serious clients are making wonderful deals while obying social distancing and doing most all work virtually.  

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. There is nothing Susan and Sabrina can’t do.  Together we make dreams come true.  How can The Caton Team help you?

Whether you are selling or buying – today or tomorrow – give The Caton Team a call – we’re happy to help you achieve your real estate goals or answer your questions.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654 |  EMAIL  |  WEB  |   BLOG

6BF8B30A-8DE2-4FFC-B2F7-68E61EE835E2

3D TourVirtual Walk ThroughProperty Information

Columbia

Welcome Home to the Regatta TownHomes in Redwood Shores

This updated, end-unit townhome is move-in ready. Bright and open, with tall ceilings, this floor plan has a living room, ground floor bedroom & full bath on the first level. Up the stairs a formal dining room looks over the living room area, with remodeled kitchen featuring cherry cabinets, granite counters, built in gas cook top oven range. The kitchen opens up to a great family room area. Upstairs you’ll find the second bedroom & bath with shower over tub. The ensuite features high vaulted ceilings and an amazing remodeled bathroom with deep soaking tub, oversized stall shower and walk-in closet. Attached 2 Car Garage with Laundry. The entire home has been freshly painted, new carpet throughout & update flooring in the bathrooms.  Full Disclosure Package available.  Home is virtually staged. Click on our 3D tour to walk through 815 Columbia Circle for yourself. This home is move in ready – are you ready to come home?

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654 |  EMAIL  |  WEB  |   BLOG

3D TourVirtual Walk ThroughProperty Information

Virtual Staging by The 3D Pros

 

Virtual Staging by The 3D Pros

3D TourVirtual Walk ThroughProperty Information

For a private showing with Covid Precautions Contact The Caton Team

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654 |  EMAIL  |  WEB  |   BLOG

IMG_2294

 

Got Real Estate Questions?   The Caton Team is here to help.

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.  How can The Caton Team help you?

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654 |  EMAIL  |  WEB  |   BLOG

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

Want Real Estate Info on the Go?  Download our FREE Real Estate App:  Mobile Real Estate by The Caton Team

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts.  Information is deemed reliable but not guaranteed. Third party information not verified.

Recession? Yes. Housing Crash? No.

Recession? Yes. Housing Crash? No.

 

With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not in one already. What does that mean to the residential real estate market?

What is a recession?

According to the National Bureau of Economic Research:

“A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.”

COVID-19 hit the pause button on the American economy in the middle of March. Goldman Sachs, JP Morgan, and Morgan Stanley are all calling for a deep dive in the economy in the second quarter of this year. Though we may not yet be in a recession by the technical definition of the word today, most believe history will show we were in one from April to June.

Does that mean we’re headed for another housing crash?

Many fear a recession will mean a repeat of the housing crash that occurred during the Great Recession of 2006-2008. The past, however, shows us that most recessions do not adversely impact home values. Doug Brien, CEO of Mynd Property Management, explains:

“With the exception of two recessions, the Great Recession from 2007-2009, & the Gulf War recession from 1990-1991, no other recessions have impacted the U.S. housing market, according to Freddie Mac Home Price Index data collected from 1975 to 2018.”

CoreLogic, in a second study of the last five recessions, found the same. Here’s a graph of their findings:Recession? Yes. Housing Crash? No. | Keeping Current Matters

What are the experts saying this time?

This is what three economic leaders are saying about the housing connection to this recession:

Robert Dietz, Chief Economist with NAHB

“The housing sector enters this recession underbuilt rather than overbuilt…That means as the economy rebounds – which it will at some stage – housing is set to help lead the way out.”

Ali Wolf, Chief Economist with Meyers Research

“Last time housing led the recession…This time it’s poised to bring us out. This is the Great Recession for leisure, hospitality, trade and transportation in that this recession will feel as bad as the Great Recession did to housing.”

John Burns, founder of John Burns Consulting, also revealed that his firm’s research concluded that recessions caused by a pandemic usually do not significantly impact home values:

“Historical analysis showed us that pandemics are usually V-shaped (sharp recessions that recover quickly enough to provide little damage to home prices).”

Bottom Line

If we’re not in a recession yet, we’re about to be in one. This time, however, housing will be the sector that leads the economic recovery.

I read this article HERE 

Got Real Estate Questions?   The Caton Team is here to help.

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.  How can The Caton Team help you?

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654

Email |   Info@TheCatonTeam.com

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

Want Real Estate Info on the Go?  Download our FREE Real Estate App:  Mobile Real Estate by The Caton Team

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts.  Information is deemed reliable but not guaranteed. Third party information not verified.


 

 

The numbers are in for 4.22.2020 – 4.28.3030 – County Stats

Hello Caton Team Friends,

We are truly blessed for all this lovely weather.  Some great homes have come on the market this week, some great homes sold fast.  We’ve seen price adjustments, live and virtual staging.

Below are this weeks stats.

Each market is unique and with over 35 years of combined Real Estate experience, The Caton Team is more than happy to be of service if and when you are considering a move. Contact us anytime and anytime during your journey, together we’ll help you achieve your reach estate goals.

 Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654  |  Email  Info@TheCatonTeam.com

IMG_2394IMG_2395IMG_2396IMG_2393

Got Real Estate Questions?   The Caton Team is here to help.

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.  How can The Caton Team help you?

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654

Email |   Info@TheCatonTeam.com

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

Want Real Estate Info on the Go?  Download our FREE Real Estate App:  Mobile Real Estate by The Caton Team

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts.  Information is deemed reliable but not guaranteed. Third party information not verified.

IMG_2294

 

Today’s Homebuyers Want Lower Prices. Sellers Disagree

Today’s Homebuyers Want Lower Prices. Sellers Disagree

 

The uncertainty the world faces today due to the COVID-19 pandemic is causing so many things to change. The way we interact, the way we do business, even the way we buy and sell real estate is changing. This is a moment in time that’s even sparking some buyers to search for a better deal on a home. Sellers, however, aren’t offering a discount these days; they’re holding steady on price.

According to the most recent NAR Flash Survey (a survey of real estate agents from across the country), agents were asked the following two questions:

1. “Have any of your sellers recently reduced their price to attract buyers?”

Their answer: 72% said their sellers have not lowered prices to attract buyers during this health crisis. 

2. “Are home buyers expecting lower prices now?”

Their answer: 63% of agents said their buyers were looking for a price reduction of at least 5%.

What We Do Know  

In today’s market, with everything changing and ongoing questions around when the economy will bounce back, it’s interesting to note that some buyers see this time as an opportunity to win big in the housing market. On the other hand, sellers are much more confident that they will not need to reduce their prices in order to sell their homes. Clearly, there are two different perspectives at play.

Bottom Line

If you’re a buyer in today’s market, you might not see many sellers lowering their prices. If you’re a seller and don’t want to lower your price, you’re not alone. If you have questions on how to price your home, reach out to a local real estate professional today to discuss your needs and next steps.

– My two cents – Real Estate as been and will always be a meeting of the minds – not a twisting of the arm.  Reach out to The Caton Team anytime – we’d love to chat Real Estate!  Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654  Email Info@TheCatonTeam.com

I read this article HERE 

Got Real Estate Questions?   The Caton Team is here to help.

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.  How can The Caton Team help you?

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654

Email |   Info@TheCatonTeam.com

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

Want Real Estate Info on the Go?  Download our FREE Real Estate App:  Mobile Real Estate by The Caton Team

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts.  Information is deemed reliable but not guaranteed. Third party information not verified.


 

LOANS ARE CHANGING

Hello Caton Team Friends!

A quick Real Estate Update.  If you’re in the market to purchase before or after the Covid-19 Shelter in Place – it would be wise to connect with your lender today.  Loans and guidelines are ever chaning in the wake of this pandemic and if you want to be prepared – you’ve got to understand your loan and if it will be available come May 1st.

I always find it best to work directly with a lender you know and trust.  Reach out to The Caton Team any time Call | Text | Sabrina 650.799.4333 | Susan 650.796.065  |  Email Info@TheCatonTeam.com and for more broad information you can read this article from CNBC.

Got Real Estate Questions?   The Caton Team is here to help.

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.  How can The Caton Team help you?

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654

Email |   Info@TheCatonTeam.com

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

Want Real Estate Info on the Go?  Download our FREE Real Estate App:  Mobile Real Estate by The Caton Team

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts.  Information is deemed reliable but not guaranteed. Third party information not verified.


 

 

 

The numbers are in for 4.6.2020 – 4.13.2020

Hello Caton Team Friends.  Each week I plan on updating us on real time market stats. Here are the numbers for 4.6.2020 – 4.13.2020.  I also included the stats for March 2020.

Lender Update: Jumbo loans are currently on lock down too – as many banks are shying away from that price point.  To obtain a mortgage your Credit Scores must be at 700 and 20% is needed for the down payment.  There are loan products that offer some downpayment assistnace and work arounds so it’s best to check with several lenders and shop for your home loan.  Let us know if you need any help or have any questions.  Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654  |  Email  Info@TheCatonTeam.com

IMG_2142IMG_2143IMG_2140IMG_2141Screen Shot 2020-04-13 at 4.06.28 PM

 

Got Real Estate Questions?   The Caton Team is here to help.

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.  How can The Caton Team help you?

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654

Email |   Info@TheCatonTeam.com

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

Want Real Estate Info on the Go?  Download our FREE Real Estate App:  Mobile Real Estate by The Caton Team

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts.  Information is deemed reliable but not guaranteed. Third party information not verified.

Market Update 3.30.2020

Hello Caton Team Friends!

I do hope you are well, safe and healthy.  Some good news – the Government has approved a $2.2 trillion Coronavirus Aid Relief & Economic Security (CARES) Act – click to read more.

Also – Realtors have been deemed an essential service!  However due to the Shelter in Place, there will be no open houses or tours till May 1.  All showings are to be done virtually. If absolutely necessary, all precautions must be met, gloves, masks and booties at minimum. 

The good news is – Realtors are prepared for such events, we can show homes virtually, we can draft and sign contracts on line, we can negotiate offers over the phone and email.  We can do this because we have been doing things this way for a while. 

Without a doubt the coronavirus has slowed down real estate sales with buyers and sellers hunkering down at home. So here’s some good news…

For our selling clients, homes are selling – last week one house received 20 offers!  When they closed escrow, they signed outside with gloves, masks and booties at a long table.  If you need to sell, The Caton Team is ready to list your home, get fantastic photos and virtual tours, prepare online disclosures the good news – inspectors and escrow officers are working too!  So we can take care of your Real Estate needs with the comfort of knowing we are, and will aways be, a call or click away. 

For our buying clients  – now is your time to shine!  You can apply for loans online, you can follow up with your current loan online, we can take care of the rest – online.  With demand slowed down, you may have less competition.  Buyers do need to be aware of lending restrictions and to double check how the down payments are doing if invested.  Financing is still available but things are taking a bit longer, jumbo loans are a bit tougher within reason. We are seeing contingencies, inspections and appraisals happening.  Close of escrows are about 45 days out and provisions to protect all parties have been drafted by the California Association of Realtors.

This year we have had (for a while now) more demand than supply and that has not changed. There are still many people who want to own a home in the Bay Area and seeing this as an opportunity.  Warren Buffet always buys in a Bear Market!

As we find our new normal – now – more than ever – home is so important.  The Caton Team is here to help you with your Real Estate needs and goals – every step of the way.  Together – we’ll get through this.

Stay Safe – Stay Home – Stay Sane

I’ll be sharing Real Estate news on our Blog and humor on my Facebook Page – please feel free to friend, follow or share.

Sabrina & Susan

The Caton Team

Got Real Estate Questions?   The Caton Team is here to help.

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.  How can The Caton Team help you?

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654

Email |   Info@TheCatonTeam.com

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
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Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

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Don’t Let Frightening Headlines Scare You – Great Share

I am sharing this article from Keeping Current Matters…

There’s a lot of anxiety right now regarding the coronavirus pandemic. The health situation must be addressed quickly, and many are concerned about the impact on the economy as well.

Amidst all this anxiety, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, we will continue to see a rash of horrifying headlines over the next few months. Let’s make sure we aren’t paralyzed by a headline before we get the full story.

When it comes to the health issue, you should look to the Centers for Disease Control and Prevention (CDC) or the World Health Organization (WHO) for the most reliable information.

Finding reliable resources with information on the economic impact of the virus is more difficult. For this reason, it’s important to shed some light on the situation. There are already alarmist headlines starting to appear. Here are two such examples surfacing this week.

1. Goldman Sachs Forecasts the Largest Drop in GDP in Almost 100 Years

It sounds like Armageddon. Though the headline is true, it doesn’t reflect the full essence of the Goldman Sachs forecast. The projection is actually that we’ll have a tough first half of the year, but the economy will bounce back nicely in the second half; GDP will be up 12% in the third quarter and up another 10% in the fourth.

This aligns with research from John Burns Consulting involving pandemics, the economy, and home values. They concluded:

“Historical analysis showed us that pandemics are usually V-shaped (sharp recessions that recover quickly enough to provide little damage to home prices), and some very cutting-edge search engine analysis by our Information Management team showed the current slowdown is playing out similarly thus far.”

The economy will suffer for the next few months, but then it will recover. That’s certainly not Armageddon.

2. Fed President Predicts 30% Unemployment!

That statement was made by James Bullard, President of the Federal Reserve Bank of St. Louis. What Bullard actually said was it “could” reach 30%. But let’s look at what else he said in the same Bloomberg News interview:

“This is a planned, organized partial shutdown of the U.S. economy in the second quarter,” Bullard said. “The overall goal is to keep everyone, households and businesses, whole” with government support.

According to Bloomberg, he also went on to say:

“I would see the third quarter as a transitional quarter” with the fourth quarter and first quarter next year as “quite robust” as Americans make up for lost spending. “Those quarters might be boom quarters,” he said.

Again, Bullard agrees we will have a tough first half and rebound quickly.

Bottom Line

There’s a lot of misinformation out there. If you want the best advice on what’s happening in the current housing market, contact your local real estate agent.

HANG IN THERE – WE ARE ALL IN THIS TOGETHER!

I read this article HERE  

Got Real Estate Questions?   The Caton Team is here to help.

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.  How can The Caton Team help you?

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654

Email |   Info@TheCatonTeam.com

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

Want Real Estate Info on the Go?  Download our FREE Real Estate App:  Mobile Real Estate by The Caton Team

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts.  Information is deemed reliable but not guaranteed. Third party information not verified.