This could be YOUR Home for the Holidays!

For Sale – Right in Time to Start the New Year in your OWN HOME!

8213 Del Monte Ave in Newark is a well maintained home, with classic features and some functional upgrades.  The detached, single family home is in excellent condition, a full disclosure package with home, pest and roof inspections are available upon request.

Upon entry you are greeted with a burst of cheerful color; a large living / dining combo with ornamental fireplace and hardwood floors welcomes you on your right while the home office is conveniently located in the 4th bedroom on the left.  Pass through the family room – ready for your home entertainment system – and find an informal eating area.  All right off the beautiful green tiled kitchen with custom oak cabinetry with matching refrigerator.  The dual oven, glass top electric range is ready to make your holidays feast.  Toast the New Year in the dinning room without missing a beat of the action.  The hall bath features a shower over tub and serves the three hall bedrooms.  The master suite is tucked at the back of the home with it’s on private entry into the garden.  Ample closet space in each room, not to mention the oversized two car garage with freezer and mini fridge included.  The garden is landscaped with drought tolerant plants such as succulents and shrubs.  Two long time lemon trees ready for your kitchen adventures.  The greenhouse, custom fort and tool sheds come with the home.  Del Monte Avenue is in lovely Newark and ready to make your own. 

MLS ML81730678

Available by Appointment

Contact the Caton Team with any questions!

Sabrina  650.799.4333  |  Susan   650.796.0654

Email   Info@TheCatonTeam.com

Visit our website for further details:

Info on Del Monte Ave, Newark

Realtor.com on 8213 Del Monte Ave

Facebook Photo Album of Del Monte Ave

Instagram Photos for Del Monte Ave

Redfin info on 8213 Del Monte Ave

Zillow Info on 8213 Del Monte Ave

Trulia info for 8213 Del Monte Ave

 

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Got 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.

Email Sabrina & Susan at: Info@TheCatonTeam.com

Call us at: 650-568-5522 Office: 650-365-9200

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

The Caton Team Website

The Caton Team Advantage

How to Buy While Selling Real Estate

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

Visit us at:  Our Blog * TheCatonTeam.com * Facebook * Instagram * HomeSnap* Pintrest * LinkedIN Sabrina * LinkedIN Susan

Thanks for reading – Sabrina

Berkshire Hathaway HomeServices – Drysdale Properties

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

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

Resources for Buyers Struggling With Down Payments

First-time buyer surveys consistently show the top hurdle to homeownership is saving up for the down payment. But potential home shoppers may be misunderstanding the amount of money they really need to buy a home.

“Paying 20 percent down is, quite frankly, a myth,” Karen Hoskins, vice president at NeighborWorks, told HouseLogic. “Most buyers pay only 5 percent to 10 percent down—some even pay zero.”

Several assistance programs exist to help buyers with down payment concerns break into homeownership. For example, 69 percent of about 2,500 homebuying programs tracked by Down Payment Resource offer down payment assistance. The average amount of assistance from these programs tops $11,000.

HouseLogic offers several places where buyers can search for down payment assistance, including through national government programs. The Federal Housing Administration offers loans to first-time buyers with down payments as low as 3.5 percent. Programs like the USDA Rural Development Loans and VA Home Loans offer eligible buyers zero down payment loans.

Mortgage financing giants Fannie Mae and Freddie Mac offer eligible buyers loans where they can put down as little as 3 percent of the purchase price. When buyers put down less than 20 percent, they pay private mortgage insurance each month to protect the lender’s interest.

Many state and local homebuying programs offer assistance programs too. There are many different forms of assistance, such as forgivable loans and grants (gifts for some or all of the down payment and closing costs) to soft mortgages (down payment assistance loans that are deferred for some period of time based on the program’s requirements).

To find a program, HouseLogic recommends NeighborWorks, which provides housing counselors to discuss mortgage options for free, and the Down Payment Resource, where buyers can check their eligibility for assistance programs. Mortgage brokers should also be able to supply buyers with information about programs in their area and help determine eligibility.

Read the full scope of your buyers’ options and share the available resources for down payments—or no down payments—on HouseLogic. 

Source: 

Known Ways You Can Buy a House With No Down Payment,” HouseLogic.com (December 2018) 

I read this article at: Realtor.com

Got 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 upmost 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.

Email Sabrina & Susan at: Info@TheCatonTeam.com

Call us at: 650-568-5522 Office: 650-365-9200

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

The Caton Team Website

The Caton Team Advantage

How to Buy While Selling Real Estate

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

Visit us at:  Our Blog * TheCatonTeam.com * Facebook * Instagram * HomeSnap* Pintrest * LinkedIN Sabrina * LinkedIN Susan

Thanks for reading – Sabrina

Berkshire Hathaway HomeServices – Drysdale Properties

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

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

House hunting for first-time homebuyers: is there a right way?

A lot of buyers, especially first-timers, worry about whether or not they’re going about their home search the right way.

On the one hand, buyers fret that if they find their “dream home” too early, they might be missing out on something better. But, on the other, if the process takes a while, they worry that they’ll never find a home that works for them. The FOMO is real.

Keep reading to find out if you’re on track with your home search and what you should do if you find that you need to go back to the drawing board.

How many homes should you see?

Honestly, that depends. While we understand the impulse to try and rely on hard-and-fast statistics, homebuying is a truly personal experience rather than a science.

Trust your intuition. You know your needs, likes, and dislikes better than anyone else. You’ll know when you’ve landed on the property that makes the most sense for you to call home.

That said, though, there are a few things you can do to help speed your search along:

If you’ve been looking for a while and haven’t really found anything that meets your needs, it might be time to redefine search criteria. Sit down and take some time to think about which features you really need to have in your new home versus which are more nice-to-have, wishlist items.

Narrowing your search

Sometimes, narrowing search criteria can get tricky. If you’re unsure of where to start, try using the following as a starting point.

Neighborhoods

Focusing in on a particular area is one of the easiest ways to refine your search. You can start by doing research into different neighborhoods by you. Think about what you commute to work will look like, if the area has amenities that you enjoy, the quality of the school district, and home values.

With that in mind, though, you getting too hung up on a particular zip code can also limit your criteria. The key is keep an ideal location in mind while still staying open to possibility.

Bedrooms & bathrooms

When searching for a house, you should have a firm idea of how many bedrooms and bathrooms you’re after. Whether you’re just looking to accommodate yourself and the occasional guest, are thinking about starting a family in the near future, or want the option to convert a spare bedroom into an office, this information will surely help narrow your search.

We advise against compromising on this feature because, while it is possible to put an addition on later, doing so takes a substantial amount of time and effort. More often than not, homeowners find that they would rather put their home on the market than go through the hassle of trying to renovate it to fit their changing needs.

Sale price

This is the big one. Once you have the above two details settled, it’s time to narrow your search results further to only those homes that you can truly afford. If you’ve already applied for a pre-approval, that number can be a good place to start. However, remember that a pre-approval shows the maximum amount that you can ask for in a loan. You may not want to borrow up to that amount once you factor in the rest of your monthly expenses.

To find a more comfortable sale price, we recommend using a mortgage calculator to get a sense of what your monthly payment could look like at various loan amounts and interest rates. Then, once you’ve landed on a number that works for you, try plugging that into your monthly budget to get a sense of how the payment will feel in addition to your other costs.

Now what?

The good news is that once you’ve narrowed your search down, your pool of available properties will likely be much smaller than it was before – and much more targeted to meet your needs. From here, your search will be about zeroing in on your perfect match on the basis of which property was the best fit for your personal tates.

You’ll know when a property feels like it could become home versus when you’d be trying to make the best of an imperfect situation. Keep hunting until you find the former.

 

This article originally appeared on OpenListings.

 

Got 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 upmost 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.

Email Sabrina & Susan at: Info@TheCatonTeam.com

Call us at: 650-568-5522 Office: 650-365-9200

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

The Caton Team Website

The Caton Team Advantage

How to Buy While Selling Real Estate

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

Visit us at:  Our Blog * TheCatonTeam.com * Facebook * Instagram * HomeSnap* Pintrest * LinkedIN Sabrina * LinkedIN Susan

Thanks for reading – Sabrina

Berkshire Hathaway HomeServices – Drysdale Properties

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

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

Working with The Caton Team…

Or what I like to call it – The Caton Team Advantage…

 

I’m on hold at the moment.  Waiting to hear how many offers are coming in on my clients dream home.  Wondering if we offered enough.  Oh the joys of Real Estate in the Silicon Valley.

This isn’t the first time I’ve waited on hold, nor the last.  Though this is the first time I’ve waited long enough to start a blog post – so that tells you something.  Tenacity.  I’m not hanging up until I know.

You see, once I find out where we stand, I can call my clients and update our strategy.  Because it isn’t over until it’s over – and if we’re not the best offer – well gosh darn it – we will be.  Or try to be.

– I know Yoda – there is no try.  But I tell you – it doesn’t hurt to try.

When The Caton Team has the trust and confidence of our clients – we can do anything…

… As soon as the lovely agent concierge gives me the latest news.

I am so proud to say – that in 2017 – sellers left money on the table to work with The Caton Team buying clients.  That says something.  Furthermore, there were no side deals, no commission re-negotiations, nothing but a good clean offer and our Caton Team offer package.    Because The Caton Team knows what it takes – good old fashioned hard work.  Because when I say – sellers left money on the table – I mean – our buyers didn’t offer the most money for property in Silicon Valley – BUT – we had the best offer package and the hustle to ensure – we will close escrow.  That’s the name of the game.  You can offer all the money in the world and it doesn’t mean a thing if it doesn’t close escrow.

As my mother always told me.  Talk is cheap.  It’s all about the action.  Her words ring true today.

I’m still on hold…

I’ve been a Realtor for a lucky 15 years now, Susan for 20.  However in the past decade give or take, Real Estate has changed dramatically.  In fact, the past 5 years have been a revolution if you’ve been in the thick of it.  I was able to see how the internet – wait – mobile devices – single handedly changed everything.  It’s amazing.

By the looks of commercials, just a push of a button will summon someone to open the door and show a home.  That’s perfect – that’s grand!  I wish I could offer such amazing services, thing is – I’m probably across town showing homes and meeting inspectors for the pre-sale checklist – that I can’t drop everything to – well – literally just open a door.  So I wonder…

Do people still need Realtors?  Or is there an App for that?

In my humble opinion, the answer is YES, professional Realtors are still needed, relevant and imperative – especially in the Silicon Valley Real Estate Market.  As long as we are human, making one of the largest financial decisions in our lives, and for as many algorithms and apps with data we have – there are some things you cannot replicate.  Experience,  knowledge and the ability to navigate a contract in a market that moves so damn fast.

Not every Realtor is the same mind you.  I’m speaking on behalf of myself, Susan and a bountiful handful of awesome Realtors who get it.  We offer so much more than just opening a door.  There’s an app for that – what The Caton Team brings to the table is knowledge, experience, negotiations skills that turn our buyers into homeowners.

The Silicon Valley Real Estate Market is on par with New York now as one of the hottest Real Estate Markets in America and it also happens to be in our back yard.

Though this post was dedicated to our Buying clients in this hot market – Selling a home is just as challenging.  It’s not just putting a sign in the yard or a link on the net.  Alas – that’s a blog for another day.  Because….

…I’m off hold – so it’s back to work!

– Thanks for reading,

Sabrina

 

The Caton Team has 35 years of combined, local Silicon Valley Real Estate experience.  Both of us born and raised in San Carlos – The City of Good Living.  We know what it takes to become a homeowner in the Bay Area, we know what it takes to prepare your home for a successful sale in Silicon Valley.  If you’re interested in working with The Caton Team – please reach out at your convenience.   Desk (forwards to cell):   650-568-5522 | Email:  Info@TheCatonTeam.com

 

Got 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 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 upmost 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.

Email Sabrina & Susan at: Info@TheCatonTeam.com

Call us at: 650-568-5522 Office: 650-365-9200

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

The Caton Team Website

The Caton Team Advantage

How to Buy While Selling Real Estate

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

Visit us at:  Our Blog * TheCatonTeam.com * Facebook *Yelp Us * My Yelp * Instagram * HomeSnap* Pintrest * LinkedIN Sabrina * LinkedIN Susan

Berkshire Hathaway HomeServices – Drysdale Properties

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

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

8 Things First-Time Homeowners Never Realize

8 Things First-Time Homeowners Never Realize

 

You did it! You bought your first house and it’s yours and you can do whatever you want with it! Well…not so fast. Here, eight things that first-time homeowners often don’t realize before it’s too late.

THAT YOU MIGHT NEED TO MAKE IMPROVEMENTS STAT

If you just plunked down a ton of money to buy the house (closing costs, whaaaa), it can seem ridiculous to shell out again right away. But even if you’ve passed inspection and are moving into a well-built abode, there’s a good chance you’ll have to do something big (a new boiler… a roof fix) within your first year. Keep a cushion of cash on hand, even if it means waiting to buy that farmhouse table you’ve been coveting.

AND THAT THOSE IMPROVEMENTS COULD REQUIRE PERMITS

It depends on where you live and the extensiveness of your plans, but plenty of renovations–say, a kitchen remodel or a window installation–might require a permit from the city government. Do your research, talk to your contractor, ask your Realtor and don’t risk starting anything that’s not good and legal.

BUT THAT OTHER IMPROVEMENTS COULD SAVE YOU MONEY

Did you know that you could earn a 30 percent tax credit by installing a geothermal heat pump? Or that you could save on monthly energy bills by getting a solar panel and selling electricity back to the grid? Hooray for going green!

THAT YOUR NEIGHBORS MIGHT NOT BE AS JAZZED ABOUT YOUR 4TH-FLOOR ADDITION AS YOU ARE

You’ve been excited to install that gargoyled turret since the day you moved in. Frank next door is terrified you’ll obstruct his views and park a dumpster in front of his house. Have him over for sangria to discuss any big-ticket renovations that could disrupt his life–and proceed with serious caution when it comes to projects that are likely to piss off more than one neighbor.

THAT YOU HAVE TO FOLLOW TRASH LAWS

Recycling goes out on Tuesdays. Big electronics on the first Friday of every month. Anything glass must be in a clear bag. Learn your city’s trash laws, and follow them to a T. (Unless you love getting hit with fines.)

THAT LAWNS REQUIRE ATTENTION DURING EVERY SEASON

Once the temps rise, you are all about that lawn-mower life. But news flash: You also have to take care of your yard from September to May. Keep your lawn raked and tidy in the fall (or risk turning your property into a slip-and-slide) and your grass short and debris-free come winter.

THAT YOU MIGHT BE LIABLE FOR STUFF THAT DOESN’T SEEM LIKE YOUR PROBLEM

Got a tree that overhangs Frank-the-neighbor’s driveway? Got a sewer line that runs beneath your yard? Got an icy sidewalk that you just don’t feel like salting? All of those things are your responsibility to maintain and keep safe for others.

THAT YOU DON’T HAVE TO DO EVERYTHING AT ONCE

You have a new house! You want to make it beautiful and homey and full of cheery wallpaper right away. But slow down there, hotshot: If you pace yourself and tackle one thing at a time, you’ll make your money and energy go a lot further. Plus, it’s fun to always have a next project on the horizon. Isn’t that why you bought a house in the first place?

 

I read this article at: http://www.purewow.com/home/things-home-owners-dont-realize?utm_medium=email&utm_source=national&utm_campaign=Homeowner_Things_2016_05_24_a&utm_content=Food_editorial

Remember to follow our Blog at: https://therealestatebeat.wordpress.com/

Got Questions? – The Caton Team is here to help.  

Email Sabrina & Susan at: Info@TheCatonTeam.com

Call us at: 650-568-5522

Want Real Estate Info on the Go? Download our FREE Real Estate App:  http://thecatonteam.com/mobileapp

Visit our Website at:   http://thecatonteam.com/

VISIT OUR INSTAGRAM PAGE: http://instagram.com/thecatonteam

Visit us on Facebook:   http://www.facebook.com/pages/Sabrina-Susan-The-Caton-Team-Realtors/294970377834

Yelp us at: http://www.yelp.com/biz/the-caton-team-realtors-sabrina-caton-and-susan-caton-redwood-city

Or Yelp me: http://www.yelp.com/user_details_thanx?userid=gpbsls-_RLpPiE9bv3Zygw

Connect with us professionally at LinkedInhttps://www.linkedin.com/in/sabrinawendtcaton

Please enjoy my personal journey through homeownership at:

http://ajourneythroughhomeownership.wordpress.com

Thanks for reading – Sabrina

The Caton Team – Susan & Sabrina – A Family of Realtors

Berkshire Hathaway HomeServices – Drysdale Properties

Sabrina BRE# 01413526 / Susan BRE #01238225 / Team BRE# 70000218/ Office BRE #01499008

 

Top 10 Cities for First-Time Home Buyers

Top 10 Cities for First-Time Home Buyers—and Not Just Because They’re Affordable

 

OK, let’s get it right out there: It’s a seriously tough time to be trying to buy your first home. Yes, in most respects the housing business is doing great. But the dazzling nationwide sales boom cuts both ways: Across the U.S., low inventory has put the squeeze on potential home buyers, driving prices up to nosebleed-inducing levels and sparking scary bidding wars. And first-time mortgages? They’re harder than ever to snag.

The numbers tell the tale: The National Association of Realtors® reported in November that the share of first-time buyers had declined in 2015 for the third consecutive year and remained at its lowest point in nearly three decades. First-time buyers made up 32% of all buyers in 2015, down from 33% the year before.

So where can today’s committed-but-oh-so-frustrated housing newbies turn?

We’ve got you covered! Bypassing today’s unabashed and unbowed metro seller’s markets (See ya, Seattle! Don’t let the door hit you on the way out, Dallas!), we set out to find  places that are still newbie-friendly. But we weren’t just looking for the cheapest places. Yes, affordability is key, but if you’re doling out your life savings on a new home, you want an area where you’ll actually enjoy living! Right? So we made sure that our top 10 cities bring something extra special to the party, lifestylewise.

We focused on the 25-to-34 age group, which is the vast majority of first-time home buyers. We filtered the 100 largest U.S. metropolitan areas using the following criteria:

  • Affordability, measured by home price to income ratio for 25- to 34-year-olds (the lower the better)
  • Inventory, with enough houses available that you don’t have to camp out at open houses or sell your firstborn to get your chance—measured by the number of homes for sale per 1,000 households
  • Mortgage availability, measured by the share of home loans purchased by 25- to 34-year-olds
  • Job growth, measured by lower-than-average unemployment rate (because unemployment and new homes are a lousy combo)
  • Livability, measured by the number of restaurants, schools, retailers, health care facilities, and arts and entertainment venues per 1,000 households

 

  1. Portland, ME

Median price: $304,000

Unemployment: 3.3%

What you don’t know about Portland: Yeah, sure, the West Coast’s Portland gets all the press, the hipster cred (and notoriety), and even a decent TV show to call its own. But here’s the deal: The largest city in Maine is no less hip, cool, and fun to live in. And it has way better lobster.

A foodist’s paradise nestled on the Atlantic coast, Portland has a slew of catch-of-the-day seafood restaurants and a thriving microbrew scene—Allagash Brewing Co. produces 45,000 barrels of beer each year. And check out that unemployment rate—one-third lower than the national average of 5.2%.

 

  1. Philadelphia, PA

Median price: $222,000

Unemployment: 4.8%

What you don’t know about Philly: Plenty of New Yorkers are fleeing the City So Nice They Named It Twice for Philly, with almost 27,000 people making the transition per year, according to the U.S. Census Bureau. Many seem to relish escaping the crazy real estate prices of NYC without giving up big-city amenities.

So what’s the appeal?

Well, you’ve got Ukee Washington, Denzel‘s second cousin and quite possibly the coolest news anchor in America. You have perhaps the most loyal sports fans in the country. And you can get a “citywide special”—a can of PBR and a shot of Jim Beam—for just a few bucks across town. The United States’ first capital is rich in history and has recovered from a bad patch—no longer known as “Killadelphia,” its violent crime rate declined 20% from 2009 to 2014, according to the FBI.

 

  1. St. Louis, MO

Median price: $164,000

Unemployment: 5.2%

What you don’t know about St. Louis: Besides the Cardinals and the city’s namesake barbecue, there’s plenty more to celebrate in St. Louis.

Led by Washington University, more than a dozen universities and colleges boost the city’s IQ and keep the vibe young. You dig nature? You can spend weeks hanging in Forest Park, which is nearly 50% bigger than Central Park. And the city has two separate downtowns, each with its own gestalt. Housing prices have been low, partly because of the sluggish economy after the recession that erased thousands of jobs. But the city has finally made a comeback, adding 6,900 jobs in February and posting a declining unemployment rate. Eight Fortune 500 companies now call St. Louis home.

 

  1. Allentown, PA

Median price: $188,000

Unemployment: 5%

What you don’t know about Allentown: While the song “Allentown” by Billy Joel reminds us of the decline of the coal and steel industry (and still makes us sob), Allentown is en route to aggressive economic redevelopment.

Today the city hosts multinational companies such as Pennsylvania Power and Light and Air Products & Chemicals. Allentown also has Pennsylvania’s highest beer production by volume, and the Lehigh Valley area makes up the state’s fastest-growing wine region. And contrary to its grungy/gritty rep, there are more acres of parkland here than in any other city of this size. Take that, Billy!

 

  1. Albany, NY

Median price: $238,000

Unemployment: 4.5%

What you don’t know about Albany: The capital of New York state is having a renaissance. The effort to build a “Tech Valley” since 1998 has paid off with thriving new businesses, residential development, entertainment, and a cultural scene. Every spring, Albany celebrates its Dutch heritage with the Tulip Festival, featuring more than 200,000 tulips, fine art shows, crafts, and gardening exhibits. And you haven’t lived until you’ve tried an Albany fish fry. Or at least you haven’t lived well.

 

  1. Harrisburg, PA

Median price: $168,000

Unemployment: 4.2%

What you don’t know about Harrisburg: Tech may not be something this central Pennsylvania city is known for, but it may be in the future. In the past few years, at least 18 tech companies have sprouted in this midsize city. Benefiting from the tech wave, downtown Harrisburg has become a hugely popular northeastern destination stop for great live entertainment, especially music—from jazz to indie to hip-hop.

 

  1. Baton Rouge, LA

Median price: $217,000

Unemployment: 4.8%

What you don’t know about Baton Rouge: With a median age of 34.7 for its population, Baton Rouge is Louisiana’s youngest major metro area (the credit goes to Louisiana State University, which is based there).

About 80 miles from New Orleans, Baton Rouge knows how to do Mardi Gras right. Each year thousands flock to the city for festive carnivals, costume balls, and six different parades (including one just for pets). Increasingly a nouveau hipster haven, the city has the highest share (52%) of mortgages purchased by 25- to 34-year-olds among all the markets we studied.

 

  1. Dayton, OH

Median price: $115,000

Unemployment: 5.2%

What you don’t know about Dayton: Bike culture may be awesomely hip now, but Daytonians have been biking en masse for a long, long time. They drafted the nation’s first regional bikeway plans, which were adopted in 1973. Since then, the 300 miles of scenic Miami Valley Trail—the nation’s largest paved trail network—have seen generations of cyclists. With a median home price of just $115,000, Dayton is no longer a place to fly over or drive through—it’s a place to stay and live large.

 

  1. Minneapolis, MN

Median price: $294,000

Unemployment: 3.9%

What you don’t know about Minneapolis: America’s second fittest city, Minneapolis boasts more than 200 miles of bike lanes and 5,000 acres of parkland. Twelve Fortune 500 companies, including Target, and numerous small businesses keep unemployment low and income high.

America’s (purportedly) most literate city also hosts Open Book, the country’s biggest book art center, and the Chanhassen, its largest dinner theater. And Mary Richards lived here. Questions?

 

  1. Virginia Beach, VA

Median price: $256,000

Unemployment: 5%

What you don’t know about Virginia Beach: Pharrell Williams was born and raised here, and his song “Happy” could easily serve as the official town anthem . After all, with sun-drenched beaches dotted with swimmers, sunbathers, and volleyball players, how could anyone not be happy? Plus, the city’s majority of low-density neighborhoods are perfect for those who hate crowded city living.

———

We’re in such a celebratory mood, we almost hate turning our eyes to the worst markets for first-time home buyers. Almost.

New York and San Francisco, you say? If the two cities had a penny for each time someone complained about their sky-high housing prices, the money could probably fund many buyers’ down payments. But for many people, the excitement and job opportunities of those cities are worth the price.

By our calculation, the worst markets are where climbing home prices and plunging inventory are not sustained by employment and infrastructure—or any real sense of fun. Because fun rules!

Spoiler alert: The bottom five markets are all in California. As Jonathan Smoke, our chief economist, points out, those markets are affected by the “spillover” effect of being in California—filled with people looking for alternatives to Los Angeles and San Francisco.

  1. Stockton, CA

Median price: $340,000

Unemployment: 8.8%

  1. Fresno, CA

Median price: $262,000

Unemployment: 10.5%

  1. Bakersfield, CA

Median price: $222,000

Unemployment: 10.9%

  1. Sacramento, CA

Median price: $428,000

Unemployment: 5.4%

  1. Riverside, CA

Median price: $344,000

Unemployment: 5.8%

What are your thoughts on the subject?

I read this article at: http://www.realtor.com/news/trends/top-10-cities-for-first-time-home-buyers/?identityID=9851214&MID=2016_0415_WeeklyNL-comafter23&RID=353497822&cid=eml-2016-0415-WeeklyNL-blog_1_topcities-blogs_trends

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Berkshire Hathaway HomeServices – Drysdale Properties

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