Testimonial of the Day – From Jenny

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To The Future Clients of The Caton Team

Buying a house can be a very scary experience especially in the San Francisco Bay Area where very high stakes are involved.  I have purchased home in other states and nothing was quite like it is here.

The Caton Team helped smooth and ease the way whenever there was a ‘pothole-in-the-road’ on the way to owning my home.  It is nice having a “team approach” because I felt like I would receive two opinions that gave me different perspectives to look at.  I was then able to see through their eyes the ‘diamond in the rough’ and, what I could do with it.

I found them to be kind, caring, understanding and sensitive to my needs, informative, diligent and sympathetic to my situation.  Their follow-through was great!  They didn’t leaving me hanging with “I’ll get back to you.”  They found the answers to all my questions and in a timely manner.

I felt they went above and beyond when I asked them to video tape an entire house, including a fuze box and “sniff” the craw space for me.  I happened to be in another state at the time and needed them to act quickly because the property I was looking at was very active.  This really helped because it made up my mind that I was gong to bid on it.

I liked the fact that, if I couldn’t reach Sabrina I could talk to Susan and, the messages got communicated between them. We were all on the same page!

I am so grateful that they were able to move quickly through the process so I could be in the game of the ‘biding war”.

And, as it turned out, with either advice I got the home I was bidding on and wanted!

Thank you Caton Team!

– Jenny B.

Contact us for a consultation if you’re considering buying or selling real estate.

Know of anyone who needs a hard-working, full-time, dedicated Realtor – let us know! We’d be happy to take great care of them!

To read all our testimonials visit The Caton Team Testimonials and Yelp!

 

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 |   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.

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Real Estate Market Update

Data is priceless and Real Estate Data is my bread and butter.  I thought I’d share these links, provided by Aculist which analyzes real estate data for the five MLSListings counties in Silicon Valley and the coastal regions and publishes a set of Market Data Reports.

Below are the links for the July 2019 Market Data Reports:

 

Determining when the best time to buy or sell can be overwhelming – even with all the data at your fingers tips – that is why The Caton Team believes in sitting down and getting to know your needs, your goals, your timeline in order to help you decide what course of action is best for you.  Sometimes getting on the market fast is more important than remodeling, sometimes taking the time to take care of cosmetic issues out weighs the wait.  When buying, sometimes striking while the iron is hot is the best.  Sometimes waiting for the frenzy to wind down would be better.  No matter what direction you need to take – The Caton Team is here to help guide you.  Contact us anytime, we’re happy to be of service.  With 35+ years of combined, local Real Estate experience – you rely on us.

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

 

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.

There are a Hundred Different Reasons Why You Don’t Need a Realtor, but there is Only One Reason Why You Do.

The internet revolutionized many different business while the iPhone was a total game changer in Real Estate.  Mobile Real Estate apps changed how buyers and seller behaved.  Tech opened the door to more information and made it readably available with the greatest of ease. 

There are a hundred different reasons why you don’t need a Realtor, but there is only one reason why you do – Realtors know how to negotiate Real Estate.

The Caton Team Realtors prides ourselves on how we negotiate Real Estate.  We do so with the highest level of care and consideration.  We believe, buying and selling Real Estate is a meeting of the minds, not a twisting of the arm. 

If you’re a looking to buy your own home or invest – you need a Realtor to help you craft the best offer, to walk you through – not only the disclosures – but through the property with the inspectors.  It is important to The Caton Team that our clients understand what they are undertaking. 

If you are selling your home, you need a Realtor who will take that same level of care in preparing the disclosures for your home while meeting with the inspectors, tradesmen and stagers in order to present your home in the best light for optimum results.  We make it easy to work with us – so it’s easy on you.

Whether buying or selling you need a Realtor who will negotiate on your behalf, with your goals and budget inline.  Instead of telling you all what we can do – we’d rather sit down with you face to face and discuss your goals, wants and needs. 

Each client has a unique situation and budget – The Caton Team believes with an open line of communication – we can handle anything. Wouldn’t you want to work with a Realtor team, with over 35 years of combined, local Real Estate Experience?  Because we would love to earn your trust and your business.

The Caton Team believes in order to be successful in the Bay Area 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? 

The next time you’re standing outside of a house you want or sitting at your dining room decided if you should sell now or not – reach out to The Caton Team – a trusted Real Estate team who has lived and worked through various different markets and are able to help you make the best decision for yourself and your family.  

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.

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Helping Kids Prepare to Move

Happy June!  School is out.  Escrows are closing.  People are moving.  This morning I heard on the news that people would rather go to jail than move.  I burst out laughing – I know what they mean.  I see it every day in my career – no one likes packing and moving.  I remeber my last move, which I packed by myself (next time I’m hiring someone). By the time I got to packing my kitchen – I was at my wits end.  I think I broke down in tears over a mound of pots and pans – right after I banged them together in dispair.  I laugh now – but looking back – I can relate to the sentiment.  So today – I thought I would share these articles about moving.  One is dedicated to the kids – the young and young at heart and the other a great moving to-do list.

 

Mindful Moving – Helping Kids Prepare to Move

Moving can be an overwhelming process. When you move with children, regardless of their age, it can be a challenge to stay mindful of the impact on you and your kids. Leaving their old home for a new one, saying goodbye to friends, and disrupting their regular routine is stressful and difficult to handle.

You may not be able to completely eliminate the challenges of moving with kids, but there are ways to minimize the stress that can help ease the process for them. In this first part of our Mindful Moving guide, you’ll find tips about involving your children, visiting the new neighborhood, and packing a moving-day bag.

1. Involve Children in Decisions When You Can

  • Have them help you narrow down the homes you’re considering by house hunting together. If it’s practical, take your children to see prospective houses with you. If you’re searching online, bookmark your favorites so your kids can have a look-see.
  • When you’ve found a house, ask them to map out their new bedroom. If old enough they can draw a floorplan with cut-outs of their bedroom furniture that they can move around, and let them choose a new paint color. Create a mood board with colors and favorite pics of bedrooms on a sheet of construction paper.
  • Ask for their input on, for example, their top three choices for new wall color or new carpet in the family room.
  • Let the kids pack a few of their own moving boxes with their special items to be unpacked first, like their favorite stuffed animal or Nintendo game. Explain that it may take a week or two for all of the moving boxes to be unpacked, so they should keep everything that they want close by in their “special” box. They can even customize the moving box labels with their names, and for younger kids, let them decorate their boxes with stickers—they’ll love it!

2. Visit the New Neighborhood Together

Sometimes, circumstances or distance makes it difficult to visit the new neighborhood with your kids before moving day. But if you can, plan a visit that includes taking a walking tour of your new neighborhood, the downtown area, and their new school.

Before you visit, buy a copy of the local newspaper or its online site to find out what kids-oriented activities are happening during your visit. A visit to the local sports field or recreation center or library may help get them excited about their new town.

3. Pack a Moving-Day Bag

As a surprise, pack a special bag for each child with snacks, games, and toys. Maybe even mementoes like pics of their old home, friends, and school as keepsakes. Bring it in the car (or plane) with you to help them focus on positive memories rather than leaving their old home.

Once you’ve arrived at your new home, let your child unpack their special bag and set out a few personal items in their new room and make sure you have that floorplan ready of their room so the movers know exactly where to put everything.

Especially with young kids, minimizing change is essential. Try to keep things familiar by maintaining the same morning and bedtime routines, and maintaining family traditions like Tuesday taco nights or Saturday family movie nights. You won’t be able to keep everything the same, but the little pieces you preserve in the transition can make a world of difference.

 

MOVING TO DO LIST

Moving To-Do List

Moving to a new home can be exciting as well as stressful with so much to do and remember. Use this checklist to get all your ducks in a row and make your move as smooth as possible.

2 Months Prior:

  • Get organized. Keep all the items related to the move, such as receipts, quotes, and insurance documents in one area such as a drawer or binder.
  • Know the rules. If you are moving because of a work transfer and are receiving a relocation budget, understand your company’s moving policies and rules to limit non-covered costs.
  • Research. Compare at least three moving companies, noting price, availability, and included items vs. extras. Request an on-site estimate when available for a more accurate quote.
  • Document damage. When moving a long distance where you’ll be relying mostly on the movers, document any noticeable furniture damage with photos. Discuss what coverage the movers have in case damage occurs during the move.
  • Inventory. Make a list of your valuable items. Note any items that will require special packing or extra insurance coverage and make arrangements accordingly.
  • Separate. Sort items into four or five piles: keep, donate, recycle and toss. If you have enough items that you’re getting rid of to justify a garage sale, make a fifth pile for selling.
  • Transfer records. If you have kids in school, go to their school and arrange for their records to be transferred to their new school district.

1 Month Prior:

  • Hire. Now that you’ve researched movers, it’s time to hire. Make arrangements for other things that will need to be moved, such as cars if you do not have enough drivers to transport them to your new home.
  • Stock up. Purchase packing supplies such as tape, boxes, labels, and moving paper.
  • Sell. If you’re going to have a garage sale, now would be the time to do it.
  • Inspect. Make sure all inspections are being done on your new home and arrange to fix any problems that arise before moving in. If your new home comes with any systems that may not fall into a standard home inspection, such as a built-in surround-sound or high-tech pool equipment, arrange for a specialist to inspect these items before you take ownership of the home.
  • Take measurements. Measure rooms in your new home, if possible, to start creating your new furniture layout. You’ll also want to measure door openings to ensure furniture will fit through, or start getting creative.
  • Get a head start. Start packing things that you won’t need in the next month, such as seasonal items, spare closets, and basement or attic items.
  • Label. Clearly label each box with the room it should go to for an easier moving day. Keep anything you’ll need right away in a separate box and make sure it is easily identifiable.
  • Make a plan. Create a packing plan, ensuring everyone in the family knows their job. Plan the order in which you will pack up each room and when it needs to be completed by.
  • Make another plan. Create a plan for your family and the movers of what will go where in your new home. Most movers will only place furniture once and will not rearrange if you do not like where you originally told them it should go, so plan carefully.
  • Request time off. Depending on your job, it is a good time to ask for a few days off from work to ensure you have ample time to pack, move, and unpack.

2 Weeks Prior:

  • Confirm. Confirm all the details of your move with the movers, such as date, time, and expectations of what special items you may have, such as a piano or pool table.
  • Change your address. Forward your address through the USPS to start the day of your move.
  • Utilities. Make the arrangements to disconnect or transfer your current services and utilities, such as cable, internet, phone, water, gas, and electric. Arrange for service to be connected at your new home.
  • Make a list. Take a few moments and write down everyone who has your address so that you can notify them of your move. Along with your family and friends, this list should include bank accounts, credit cards, investment accounts, doctors, cell phone provider, tax forms, voter registration, and of course the DMV.
  • Clean. Clean any areas that you’ve already packed. Plan to clean the rest of your old home, or make arrangements to have it professionally cleaned. If the previous tenants of your new home haven’t do so already, you may want to arrange for your new home to be cleaned and painted before your arrival.
  • Financial arrangements. If you are moving to an area that will require you to switch banks, make sure any outstanding checks you’ve written have been cashed. If you have a safety deposit box, remember to clean it out.

1 Week Prior:

  • Pack, pack, pack. This is when the bulk of your packing should be done. All of your drawers, cabinets and closets should be mostly cleared, leaving only essentials out. The kitchen usually takes the longest since it is full of delicate dishes and glasses, so you’ll want to get this done early. Remember to clearly label any boxes with breakables with “fragile”. For an easier move, pack all dishware and use paper plates and plastic silverware. Plan to eat out a lot or order takeout during this last week in your home.
  • Dispose of hazards. Don’t move with hazardous or potentially messy materials such as paint, oil, and weed killers. Drain fuel out of mowers, ATVs, dirt bikes, and discard propane tanks from grills.
  • Arrange payment. Most movers will require a credit or debit card to hold the appointment date. If you would prefer to pay by cash, money order or check, ensure the mover is expecting that so that your card doesn’t get accidentally charged. Also, you’ll want to plan for a tip the day of the move. Typically, a good tip is 10-15% of the total cost of the move, which is usually about $20-25 cash tip per mover for an easy move, all the way up to $100 for a particularly long or difficult job.
  • Pack a survival kit. Pack a bag with items you will need during the move and immediately when you arrive at your new home. These items should include toilet paper, a few dishes, glasses and silverware, toiletries, towels, and a change of clothes. If you’re moving long distance, prepare for the scenario that your items may take a few days to arrive.
  • Pack a cooler. One of the last things people think about on moving day is eating and drinking, but you, your family, and the movers will undoubtedly get thirsty and hungry. Plan ahead and pack a cooler with bottled water, snacks and a few sandwiches for moving day.
  • Clean. If you don’t have a professional cleaner coming in, you’ll want to do the bulk of your home cleaning a few days before the move. Thoroughly clean windows, floors and carpets, counters, appliances, bathrooms, cabinets and closets.

Moving Day

  • Double-check. Double-check everything you’ve scheduled to happen on moving day is going to go according to plan. Confirm arrival times with the movers, house cleaners, and utility people such as cable and gas. If you don’t already have the keys to your new home, check when you can pick them up. Ask when your utilities will be shut off at your old home and turned on in your new one.
  • Contact information. Make sure each of your movers have your contact information, exact moving address, and maps if needed. Keep the mover’s direct number with you in case you need to call them during the move.
  • Paperwork. In the hustle and bustle of moving day, it may be tempting to sign something without reading it first. Read all paperwork the movers ask you to sign carefully, including the Bill of Lading, waivers, and any inventory list they provide.
  • Extra packing material. Keep a few boxes and a roll of tape handy for any miscellaneous items you come across.
  • Direct. If you’re too busy during moving day to be present in your new home, designate someone else in your family to be there the whole time the movers are there to tell them where to put boxes and furniture. It may be a good idea to lay out plastic across any carpet to prevent stains.
  • Final walk-through. Do one last walk-through in your old home to make sure you haven’t overlooked anything, opening every drawer, cabinet and closet. Keep a few cleaning supplies with you, like all-purpose cleaner, paper towels, and a vacuum for a last minute touch up.
  • Cash. Be sure to have enough cash on hand for the move for tip, and a little extra for food and last minute items.

After Unpacking

  • Safety first. Make sure you have all necessary safety precautions in place in your new home. Locate and test fire extinguishers and detectors, change the locks, and change the alarm code – if there is one.
  • Check your list. Compare your inventory list of what you packed to what you unpacked to ensure everything made the move. If you notice any damage to your furniture or other items, compare it to the photos you originally took and contact the moving company if necessary.
  • Update. Refer to your list that you created of everyone who needs your change of address and update them.
  • Deposit refund. If you’re moving from a rental, make sure you follow-up with your previous landlord about your security deposit and when you can expect it back. Some moving companies also require a moving deposit to hold an appointment. Make sure you’ve gotten that returned or know when you can expect it.
  • Repairs. Complete quick repairs that need to be done, including changing light bulbs, fixing light switches, touching up paint, etc.
  • Sit back, relax, and enjoy. You’ve earned it. Take a load off and enjoy your new home!

 

I read this article at: FirstAm Home Warranty

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 |   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.

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Loads of houses are up for sale — but middle-class buyers are still shut out – Washington Post

Despite an uptick in homes on the market and weakening home sales across the country, home ownership is out of reach for a growing number of middle-class buyers, according to a recent report from real estate brokerage Redfin.

An analysis of U.S. homes on the market in 2017 and 2018 found that the number of affordable homes for sale has decreased in 86 percent of metro areas (of 49 included in the study), even as the number of homes on the market grew. While buyers normally benefit from better availability in competitive housing markets, it doesn’t help if the majority of available homes are priced for the wealthy.

“For the past few years, home prices have gone up faster than wages,” said Daryl Fairweather, chief economist at Redfin. “That kind of growth really isn’t sustainable. At a certain point, there won’t be enough buyers left for the homes left on the market.”

Home ownership has long been at the heart of the American dream, a means of accumulating wealth and securing financial stability. But ownership rates have fallen dramatically since the financial crisis — coming in at 64. 4 percent in the third quarter of 2018, according to data from the U.S. Census Bureau — a telling sign that the traditional markers of middle-class life are getting tougher and tougher to hang onto.

To estimate affordability, researchers used the median income in each metro area, applied standard interest rates and assumed a 20 percent down payment and a monthly mortgage payment of 30 percent or less of the buyer’s gross income. Even adjusting for 10 percent down payment, just over half of homes on the market were affordable, according to the study.

In Seattle, the share of affordable homes fell 14 percent from 2017 to 2018, leaving only 46 percent of homes within the reach of middle-class families. In San Jose, Calif., the share of affordable homes fell from 26 percent to 14 percent over the same time.

According to the National Association of Realtors, existing home sales in December were down 10.3 percent year over year, the biggest drop since the housing market bottomed in 2011. At the same time, the median home sale price was $223,900, according to Zillow’s home value index.

Current conditions mirror what happened after the housing market collapsed. Prices tumbled and property was abundant, but the only people who could afford to buy were those who hadn’t been crippled by the financial crisis. Years later, a booming economy has yet to restore buying power to middle-class families, as mortgage rates and home prices have climbed. Prices surpassed their pre-crash peak in October 2017. And according to a December report from ATTOM Data Solutions, last quarter was the nation’s worst for home affordability in over a decade.

In metro areas, part of the issue is a lack of public investment in affordable housing, Fairweather said. The problem is often exacerbated in cities that serve as hubs to major tech companies, where an influx of highly paid workers has ratcheted up prices and cost of living. It’s fueling a flight from the coasts, as increasing numbers of people move inland in search of affordability.

Some states and cities are taking steps to correct this. California’s Gov. Gavin Newsom has an ambitious plan to oversee construction of 3.5 million new housing units by 2025. In November, the Minneapolis City Council signed off on $12 million in affordable housing investments throughout the city. Private companies are even stepping up to the plate — and Microsoft announced it’s offering up $500 million to build and protect affordable housing in Seattle.

The housing market is a cornerstone of  U.S. economic output, accounting for over 12 percent of the country’s GDP in 2017.  With the economy deep into an expansion, there’s been a rise in first-time buyers, but if conditions persist, many may be priced out and forced to rent instead. 

“Now the economy is doing better and more people are looking to buy a home for the first time,” Fairweather said, “but they’ve missed the boat on affordable deals.”

I read this article at: Washington Post

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 |   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.

Bay Area housing market cools, but it’s still nuts – SF Chronicle

By: Kathleen Pender 

The Bay Area real estate market went into 2018 with a bang and out with a whimper.

In the first half of the year, the median price rose almost 17 percent to an all-time high of $875,000 in June. In the second half, it fell 10.3 percent from that peak, ending at $785,000 in December.

The December price was down 3.7 percent from November but up 4.6 percent from December 2017, according to a report Thursday from research firm CoreLogic. It includes all new and existing homes and condos in the nine Bay Area counties.

An earlier report from the California Association of Realtors — which includes only existing, single-family homes entered into a multiple listing service — said the Bay Area median price fell to $850,000 in December, down 6.1 percent from November and down 3.6 percent from December 2017. That was the first year-over-year drop since March 2012.

Any way you look at it, the market downshifted in the last three months of 2018. As the stock market plunged and mortgage rates rose a half percent to almost 5 percent, buyers backed off, inventory grew, price cuts surged, and price appreciation slowed from the double to single digits on a year-over-year basis.

The number of homes sold in December fell to 5,341 across all nine counties, down 13.2 percent from November and 21.6 percent from December 2017. That was the lowest sales count for a December in 11 years, CoreLogic said.

Many sellers, perhaps unaccustomed to a less-than-ridiculous market, took their homes off the market or let their listings expire. A total of 2,493 listings in the nine Bay Area counties were withdrawn or expired in December, compared with only 1,154 in December 2017 and 1,487 in December 2016, according to analyst Patrick Carlisle of the Compass real estate firm.

“December was rock bottom,” said Chad Eng, a Redfin agent in Silicon Valley. “Buyers are hesitating, on the sidelines. Sellers are still focusing on comps from six months ago.”

Instead of selling in days like they were earlier in the year, homes took weeks or even months to sell. Homes that closed in December had been on the market 29 days before getting into contract. That was up from 23 median days on market in November and 17 in December a year ago, the Realtors association reported.

Eng said things picked up around the middle of January, as the stock market recovered and mortgage rates fell back into the 4.5 percent range. “I wonder if it’s a sign of what we will see in the spring,” or just a normal seasonal rebound, he said.

Santa Clara County was the hottest market in the Bay Area — and most of the country — for the first part of the year as prices rose in the teens and 20s year over year. In February, its median price topped $1 million for the first time, rising to $1,080,000, up 27.8 percent.

That was the month a two-bedroom, one-bathroom, 848-square-foot home on Plymouth Street in Sunnyvale sold for $2 million cash — making headlines as the height of Silicon Valley insanity.

That was and still is a record price-per-square-foot for Sunnyvale, said Doug Larson, a Coldwell Banker agent, who represented the seller. “Now with the softening market, I doubt that anybody will beat it, at least for a while,” he said.

After hitting $1.15 million in June, Santa Clara’s median price has fallen to $1 million in December, exactly where it was a year ago.

January is always a slow month for the real estate market, as sellers recover from the holidays and get their homes spruced up for the busy spring season.

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“Homes that sell in the winter are typically homes that have been sitting on the market awhile and have to take a price cut,” said Redfin Chief Economist Daryl Fairweather.

Right now, “buyers are in a holding pattern,” she added. “They don’t know if this is as good as it’s going to get, if prices come down or more homes come on the market.”

She noted that a slower market is good for buyers because “they have more negotiating power” and for sellers who are moving up to a more expensive home because “overall they are going to be saving more money.”

Fairweather predicts that prices will end the year about where they are now. “I would be surprised if they go down,” she said.

Nancie Allen, president of Bay East Association of Realtors, said the government shutdown in January made it hard to tell where the market is headed. The next two weeks will be a better indicator. The market now “is all over the place,” she said. Some homes in Fremont have been sitting on the market for a while, while one had 15 offers.

Aaron Terrazas, a senior economist with Zillow, said his data show that home prices in the last quarter of 2018 rose at their slowest annual pace for any quarter since 2010.

He predicts that prices will appreciate 5 to 6 percent this year in the San Francisco metro area and 7 to 8 percent in the San Jose metro area, assuming interest rates stay low.

Kathleen Pender is a San Francisco Chronicle columnist. Email: kpender@sfchronicle.com Twitter: @kathpender

I read this article at: SF Chronicle

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 |   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

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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.

A Reflection of “What Lies Ahead for Our Real Estate Market”

The Caton Team wanted to take a moment and comment on the article we shared : What Lies Ahead for Our Real Estate Market

As full-time, professional Realtors – The Caton Team felt the market turn late in the 3rd Quarter of 2018.

Now – let’s just be honest here – anyone trying to buy in San Mateo County was reaching their wits ends.  Every seller and Realtor knew that the top was coming because it always does.  Real Estate is cyclical.  Year in and year out it goes up and down all year-long.  It often follows the weather and holidays.  However, Real Estate wealth is acquired through holding real estate long-term – and to be frank – not necessarily selling each home but leveraging each home.  Curious how that works – come in for a sit down.

What we wanted to address here was this – though the Market is cooling here in the Bay Area – and we may have hit our peek for this cycle in Spring 2018 – it doesn’t mean we’re crashing. It’s the one thing we can graph year over year, decade over decade.  Real Estate may fluctuate in price from week to week but over time it holds its value and appreciates.

So – what I hear when the “market is down” – IT’S TIME TO BUY!  My friends, a down markt is opportunity.  No offer dates, no mutiple offers – and if you and your Relator do your homework right – maybe under list price!

I just wanted to add this reflection becuase we need to see this in perspective.  A market adjustment is a chance to get in.

Curuious if buying or selling now is right for you – contact The Caton Team for a private and personal consultation.

Need some proof – The Caton Team hopped on the #10yearchallenge for Real Estate and in just the past 10 years you can see our local growth!  That’s why the old addage applies – Don’t Wait to Buy Real Estate – Buy Real Estate and WAIT!

Let The Caton Team help you – contact us any time – Call | Text 650.799.4333 | Email | Info@TheCatonTeam.com

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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 |   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.