Is the Home Office Getting a Pink Slip? – Shared Article

Designers and stagers are finding ways to offer people who work from home more versatility than a dedicated workspace often provides.

Home office with no one there
© PrathanChorruangsak – iStock/Getty Images Plus

Even though remote work remains commonplace, some real estate professionals and home stagers say the home office is losing its luster. Many home buyers are reclaiming this space for other nonwork uses.

The shunning of the home office is already taking root at The Astor, a recently restored luxury condo building in New York. Ash Staging, an interior design and home staging firm, recently chose to omit the home office when styling a model residence in the historic building. The firm transformed the fourth bedroom, traditionally a home office, into a flexible den with lounging space geared toward relaxation, entertainment or as a quiet nook for work. The sales team at the building believes this setup is resonating more with home buyers.

Living room with office nook
© Christian Harder

“We continue to see luxury buyers valuing flexibility and versatility in their space,” says Kyle Egan, a real estate agent with Douglas Elliman who handles sales at The Astor. “So, this area was designed as a cozy lounge and media room with a desk nook that can serve as a work spot when needed. We’ve seen a very positive response to this setup as buyers continue to seek out layouts and floorplans that allow the freedom to customize their home to fit their lifestyle.”

Drawing from similar inspiration, the real estate and design team at 53 West 53, a Manhattan condo tower with 161 residences, also decided to exclude the home office in a recent home staging project. Instead, the sales team converted an office space into a game lounge complete with a fully stocked minibar and foosball table.

Living room with lounge and foosball table
© Evan Joseph

Quitting the Home Office

Recent studies have shown that at-home workers have flexibility when choosing where in the home to work. They’re no longer tethered to cords and outlets, and they don’t need to plug into a dedicated space each day. They can easily take a laptop to a kitchen island, living room sofa or even a neighborhood coffee shop.

About one-third of consumers who work remotely say they have a dedicated office space at home, according to the “State of Remote Work 2023(link is external),” a study conducted by social media technology firm Buffer. But of that group, 45% say their “home office” is located within another room, like a bedroom, kitchen or living room. Fourteen percent of remote workers say they prefer to move from room to room during their workday.

Some homeowners may prefer not to devote an entire space to a home office. They’re seeking an easily adaptable, flexible space, whether that’s for entertainment, lounging or even the occasional work, Egan says. “Homes became everything for people during the pandemic—their office, their movie theater, their bar and restaurant, their kids’ classroom and even more,” he adds. “Now that many people are back to working in offices, at least part of the time, they’re ready to ditch the home office and incorporate a flexible space that brings more fun and vibrancy back into the home.”

Not a Singular Space

Egan says study or work nooks may offer the same benefits as a larger home office. However, the goal remains the same: prioritizing design and comfort. “We recognize the modern buyer’s desire to blend functionality and aesthetics without compromising valuable space,” he says, noting this trend may accelerate in dense markets like New York.

Researchers have been studying the design of home office spaces and what works best for productivity. Many studies attribute a dedicated office space to a boost in productivity and avoiding constant distractions. But the studies also acknowledge that’s not possible  for everyone.

Georgia Southern University reviewed numerous studies(link is external) that explored home office design during the pandemic. The review found the best results from a home office that prioritizes ergonomics and elements from nature and takes into account light and noise. Regardless of where that “office” is located and whether it has to serve multiple purposes, a few research-backed tips for setting up an at-home workspace include:

  • Pick a spot near natural daylight, preferably near a window. Otherwise, add ambient and task lighting.
  • Use headphones to block out noise, if needed, and portable screen dividers to block out visual distractions if you don’t have a dedicated workspace.
  • Incorporate nature or go outside for fresh air occasionally. Set up your workspace near greenery and plants—nature views have been tied to increased energy for remote workers.
  • Get moving: Studies suggest that remote workers make a point to stand up and move around for at least two minutes every 30 minutes during the workday to help avoid eye strain, back pain and headaches.
  • Add in a recreational spot. Researchers suggest having a lounging area in or near your office for a different type of seating than a desk chair for short breaks.

Egan says he believes more home shoppers will continue to prioritize multi-use spaces inside the home for work and play. As such, his company will continue to stage homes to showcase how spaces can be used in multiple ways. “We want to show the adaptability of the space and its ability to be integrated into all lifestyles—from gathering with friends to hosting a family movie night to taking a work call,” Egan says.

Content by Melissa Dittmann Tracey

Melissa Dittmann Tracey is a contributing editor for REALTOR® Magazine, editor of the Styled, Staged & Sold blog, and produces a segment called “Hot or Not?(link is external)” in home design that airs on NAR’s Real Estate Today radio show. Follow Melissa on Instagram and Twitter at @housingmuse.

SOURCE

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Homeownership Is Still at the Heart of the American Dream – Shared Article

Buying a home is a powerful decision, and it remains at the heart of the American Dream. Unlike renting, owning a home means more than just having a place to live – it offers a sense of belonging, stability, and freedom. According to Nicole Bachaud, Senior Economist at Zillow:

The American Dream is still owning a home. There’s a lot of pent-up demand for ownership; that isn’t going to go away.”

Let’s explore just a few of the reasons why so many Americans continue to value homeownership. 

The Financial Benefits of Owning a Home

One possible reason homeownership is viewed so highly is because owning a home is a significant wealth-building tool. That may be why Jessica Lautz, Deputy Chief and VP of Research at the National Association of Realtors (NAR), says:

“Homeownership is the number one way to build wealth in America.”

Over time, owning a home not only helps boost your own net worth, but it also sets future generations up for success as you pass that wealth down. Habitat for Humanity explains:

“Overall, homeownership promotes wealth building by acting as a forced savings mechanism and through home value appreciation. Homeowners make monthly payments that increase their equity in their homes by paying down the principal balance of their mortgage. . . . In addition, owning a home promotes intergenerational homeownership and wealth building. Children of homeowners transition to homeownership earlier — lengthening the period over which they can accumulate wealth . . .”

It can also provide meaningful financial stability compared to renting. When you buy with a fixed-rate mortgage, you can lock in your monthly housing payments for the length of your home loan.

The Non-Financial Benefits of Homeownership

But, owning a home offers more than just financial benefits—it benefits you socially and emotionally too. Your home provides feelings of achievement, responsibility, and more. In a recent survey, Fannie Mae outlines just a few of these more emotionally-driven benefits, including:

“The top three were having control over what you do with your living space (94%) to having a sense of privacy and security (91%) and having a good place for your family or to raise your children (90%) . . .”

What Does That Mean for You?

If your idea of the American Dream involves greater freedom, security, and prosperity, homeownership could be a key player in bringing that dream to life. And with mortgage rates now on a downward trend, it might be a good time for you to consider making a move.

If you’re ready and able to buy, know that there are incredible benefits waiting at the end of your journey. You’ll gain more than just a home – it’s a place to grow your wealth and call your very own. Like Ksenia Potapov, Economist at First American says:

“…homeownership remains an important driver of wealth accumulation and the largest source of total wealth among most households.”

Bottom Line

Buying a home is a powerful decision and the cornerstone of the American Dream. If finding a place to call your own is part of your dream for this year, connect with The Caton Team, a trusted, local real estate advisor to start the process today.

SOURCE

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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.

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Home Stager Reveals 4 Hot Trends for 2024 – Shared Article

SOURCE

Homes today fulfill a lot more purposes, providing comfort, wellness and an eco-friendly and personalized space—all in a technological way. Home layouts are being reconfigured, too. Dining rooms have become nearly extinct, living spaces are being designed for flexibility, and wellness rooms are channeling more positive vibes.

Homes have been mostly dressed in white, contemporary designs with simplified living spaces. Nowadays, that crisp, neutral canvas is getting decorated with dramatic color, unexpected art, textured furniture and eclectic decor. Further, the expanding kitchen island has become the new dining room, and exterior spaces have become popular hangouts by the firepit or while playing a game of cornhole.

Here are some of the hottest trends to watch in 2024.

Functional Outdoor Spaces

Functional exterior living spaces are growing more important and have become a valuable add-on to any home. Who doesn’t desire an at-home retreat filled with sensory gardens, lounging areas, a full kitchen and bar, outdoor TV and sustainable furnishings? It’s all about finding solitude and peace to create that “vacation at home” space.

Outside shot
Photo credit: Brizmaker / Getty Images

Plus, as windows get larger and larger, the views of the greenery outdoors are beckoning for more attention.

Greenery
Photo credit: Brizmaker / Getty Images

Mixed Metals

Forget matching: Mixing metal finishes remains on-trend. Metals are not just being reserved for the faucets and cabinet pulls but are being incorporated throughout the home. Warm metals like brass, and cool metals like chrome, are being mixed together to add visual interest and create depth in a room.

That said, expect over the years ahead for warm metals to slowly get pushed out more and more as a renewed focus on silvery hues pushes forward as an environmentally conscious choice. 

Mixed metals
Photo credit: Krisztina Bell, No Vacancy Home Staging
Mixed metals
Photo credit: Krisztina Bell, No Vacancy Home Staging
Mixed metals
Photo credit: Krisztina Bell, No Vacancy Home Staging

Maximalism & Personality

Consumers are showing a desire for color-drenching, rich textures and geometric patterns. Maximalism and personalization get extreme as more homeowners look to break the cookie-cutter layouts and venture into more expressive design.

This will be the year of “if you can dream it, go ahead and do it.” Designers and artists will push decorative accents in more adventurous ways. An entire space may look more like a work of art.

Art
Photo credit: 2023 Southeastern Designer Showhouse & Gardens, Atlanta / Krisztina Bell, No Vacancy Home Staging
Art
Photo credit: 2023 Southeastern Designer Showhouse & Gardens, Atlanta / Krisztina Bell, No Vacancy Home Staging

Eco- and Tech-Friendly

Sustainability is a way of life as we seek to live better and healthier lives. Smart homes with energy-efficient lighting, low-volatile paints, reclaimed eco-friendly furnishings and voice-controlled home devices throughout are in right now. The possibility of AI-powered home assistants is the wave of the future as eco- and tech-friendly pieces coexist.

Tech
Photo credit: Andresr / Getty Images

Homes are no longer about looking pristine but feeling cozy and catering to people’s aesthetic and emotional needs. Designers are embracing a powerful trio: nature, serenity and comforting design, as well as modern technology. They’re breaking away from tradition and moving into a forward-thinking adventure of unconventional design trends that are elevating the “art” of the home.

Krisztina Bell

Krisztina Bell is an Atlanta-based home stager and vacant home staging expert.

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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 – wouldn’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

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Lower Interest Rates? – Shared Article

What Lower Mortgage Rates Mean for Your Purchasing Power

SOURCE

If you want to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year fixed mortgages have come down significantly since the end of October and are currently under 7%, according to Freddie Mac (see graph below):

 

This recent trend is great news for buyers. As a recent article from Bankrate says:

“The rate cool-off somewhat eases the housing affordability squeeze.”

And according to Edward Seiler, AVP of Housing Economics and Executive Director of the Research Institute for Housing America at the Mortgage Bankers Association (MBA):

“MBA expects that affordability conditions will continue to improve as mortgage rates decline . . .”

Here’s a bit more context on how this could help with your plans to buy a home.

How Mortgage Rates Affect Your Search for a Home

Understanding the connection between mortgage rates and your monthly home payment is crucial for your plans to become a homeowner. The chart below illustrates how your ability to afford a home changes when mortgage rates shift. Imagine your budget allows for a monthly payment between $2,400 and $2,500. The green part in the chart shows payments in that range or lower (see chart below):

 

As you can see, even small changes in rates can affect your budget and the loan amount you can afford.

Get Help from Reliable Experts To Understand Your Budget and Plan Ahead

When you’re looking to buy a home, it’s important to get guidance from a local real estate agent and a trusted lender. They can help you explore different mortgage options, understand what makes mortgage rates go up or down, and how those changes impact you.

By looking at the numbers and the latest data together, then adjusting your strategy based on today’s rates, you’ll be better prepared and ready to buy a home.

Bottom Line

If you’re looking to buy a home, you should know the recent downward trend in mortgage rates is good news for your move. Team up with The Caton Team – with over 45 years of combined, local Real Estate experience – we are here to help you achieve your Real Estate Goals!

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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 – wouldn’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

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

The Stats are In… Market Snapshot for January 2024

Hello Caton Team Friends,

Here’s the latest stats! Affordability is key and we see the more affordable properties – Non-Luxury Condos stayed strong through December.

Need help navigating this market? We’re happy to be of service. Reach out 650.766.4333 | Info@TheCatonTeam.com

Here’s a look at the month over month trend…

How can The Caton Team Help You?

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Whether you are selling or buying – today or tomorrow – contact The Caton Team – we’re happy to help you achieve your Real Estate goals. 

Effective. Efficient. Responsive. The Caton Team 🏡 

Each market is unique and with over 40 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 during your journey, together we’ll help you achieve your Real Estate goals.

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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 need 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 – wouldn’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

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Reminder – Property Tax Due Feb 1 LATE APRIL 10th

Just a friendly reminder that the 2nd Installment of Property Tax is Due Feburary 1; late April 10th.  For more info visit – San Mateo Tax Info

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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.

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Avoid These Common Mistakes After Applying for a Mortgage – Shared Article

If you’re getting ready to buy a home, it’s exciting to jump a few steps ahead and think about moving in and making it your own. But before you get too far down the emotional path, there are some key things to keep in mind after you apply for your mortgage and before you close. Here’s a list of things to remember when you apply for your home loan. SOURCE

Don’t Deposit Large Sums of Cash

Lenders need to source your money, and cash isn’t easily traceable. Before you deposit any cash into your accounts, discuss the proper way to document your transactions with your loan officer.

Don’t Make Any Large Purchases

It’s not just home-related purchases that could disqualify you from your loan. Any large purchases can be red flags for lenders. People with new debt have higher debt-to-income ratios (how much debt you have compared to your monthly income). Since higher ratios make for riskier loans, borrowers may no longer qualify for their mortgage. Resist the temptation to make any large purchases, even for furniture or appliances.

Don’t Cosign Loans for Anyone

When you cosign for a loan, you’re making yourself accountable for that loan’s success and repayment. With that obligation comes higher debt-to-income ratios as well. Even if you promise you won’t be the one making the payments, your lender will have to count them against you.

Don’t Switch Bank Accounts

Lenders need to source and track your assets. That task is much easier when there’s consistency among your accounts. Before you transfer any money, speak with your loan officer.

Don’t Apply for New Credit

It doesn’t matter whether it’s a new credit card or a new car. When your credit report is run by organizations in multiple financial channels (mortgage, credit card, auto, etc.), it will have an impact on your FICO® score. Lower credit scores can determine your interest rate and possibly even your eligibility for approval.

Don’t Close Any Accounts

Many buyers believe having less available credit makes them less risky and more likely to be approved. This isn’t true. A major component of your score is your length and depth of credit history (as opposed to just your payment history) and your total usage of credit as a percentage of available credit. Closing accounts has a negative impact on both of those parts of your score.

Do Discuss Changes with Your Lender

Be upfront about any changes that occur or you’re expecting to occur when talking with your lender. Blips in income, assets, or credit should be reviewed and executed in a way that ensures your home loan can still be approved. If your job or employment status has changed recently, share that with your lender as well. Ultimately, it’s best to fully disclose and discuss your intentions with your loan officer before you do anything financial in nature.

Bottom Line

You want your home purchase to go as smoothly as possible. Remember, before you make any large purchases, move your money around, or make major life changes, be sure to consult your lender – someone who’s qualified to explain how your financial decisions may impact your home loan.

Got Questions? The Caton Team is here to help.

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

We love what we do and would love to help you navigate your sale or purchase of Residential Real Estate. Please reach out for a personal consultation. Please enjoy our free resources below and get to know our team from our TESTIMONIALS.

Effective. Efficient. Responsive. The Caton Team 🏡  How can The Caton Team help You?

HOW TO BUY | HOW TO SELL | MOVING TIPS | VIRTUAL STAGING |

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TESTIMONIALS | HOW TO SELL | VIRTUAL STAGING | A GUIDE TO BUYING | BUYING INFO |  MOVING | TRUST AGREEMENTS | HEALTH CARE DIRECTIVES

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 – wouldn’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?

Website | The Caton Team Testimonials | Our Blog – The Real Estate Beat | Search for Homes | Facebook | Instagram | HomeSnap | Pinterest | LinkedIn Sabrina | Photography | Photography Blog 

Berkshire Hathaway HomeServices – Drysdale Properties, Redwood City Ca.

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 Stats are In… Market Snapshot for December 2023

Hello Caton Team Friends,

Here’s the latest stats! As expected, December was a bit slow but then again it always is. Part of it is seasonal and part are the higher rates with buyers on the fence. We did see an uptick on Luxury Home/Condo sales.

Need help navigating this market? We’re happy to be of service. Reach out 650.766.4333 | Info@TheCatonTeam.com

Here’s a look at the month over month trend…

How can The Caton Team Help You?

Contact The Caton Team 650.799.4333 | Email Info@TheCatonTeam.com

Whether you are selling or buying – today or tomorrow – contact The Caton Team – we’re happy to help you achieve your Real Estate goals. 

Effective. Efficient. Responsive. The Caton Team 🏡 

Each market is unique and with over 40 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 during your journey, together we’ll help you achieve your Real Estate goals.

Got Questions? The Caton Team is here to help.

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

We love what we do and would love to help you navigate your sale or purchase of Residential Real Estate. Please reach out for a personal consultation. Please enjoy our free resources below and get to know our team TESTIMONIALS.

| HOW TO SELL | VIRTUAL STAGING | A GUIDE TO BUYING | BUYING INFO |  MOVING | TESTIMONIALS

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

| HOW TO SELLGET READY CAPITAL – Loans to Prep for Sale | VIRTUAL STAGING | A GUIDE TO BUYING | BUYING INFO |  MOVING | TESTIMONIALS

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 need 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 – wouldn’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 | Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pinterest | LinkedIn Sabrina

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.

With a little help from our friends – a client testimonial

Sabrina and Susan were incredible! Efficient, responsive and knowledgeable, they handled the sale of my home with ease and grace. Their experience and attention to every detail meant the house went on the market at the right time, at the right price, and looked its absolute best! With Sabrina and Susan’s straightforward and honest approach, we received eight offers in less than a week, and sold for well over the asking price. I would not hesitate to recommend The Caton Team — and would hire them again in an instant. – Wendy 2023

We’re so grateful when our clients share their kind words with us. We love what we do and we love taking great care of our clients. How can The Caton Team Help You? Let us know! Call | Text | Sabrina 650.799.4333 |  EMAIL  |  WEB  |   BLOG

For more photos and info click here!

Got Questions? The Caton Team is here to help.

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

We love what we do and would love to help you navigate your sale or purchase of Residential Real Estate. Please reach out for a personal consultation. Please enjoy our free resources below and get to know our team TESTIMONIALS.

| HOW TO SELLGET READY CAPITAL – Loans to Prep for Sale | VIRTUAL STAGING | A GUIDE TO BUYING | BUYING INFO |  MOVING | TESTIMONIALS

Effective. Efficient. Responsive. The Caton Team 🏡  How can The Caton Team help You?

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

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

| HOW TO SELLGET READY CAPITAL – Loans to Prep for Sale | VIRTUAL STAGING | A GUIDE TO BUYING | BUYING INFO |  MOVING | TESTIMONIALS

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 – wouldn’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 | Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pinterest | LinkedIn Sabrina

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.

NAR Economist: Mortgage Rates Are on a Downward Slope – Shared Article

SOURCE

By: Melissa Dittmann Tracey

Falling mortgage rates are bringing holiday cheer to home buyers. The 30-year fixed-rate mortgage, which has been backing away from its near-8% high in October, dropped to 7.22% this week, marking the fifth consecutive week of declines, Freddie Mac reports.

“Market sentiment has significantly shifted over the last month, leading to a continued decline in mortgage rates,” says Sam Khater, Freddie Mac’s chief economist. “The current trajectory of rates is an encouraging development for potential home buyers, with purchase application activity recently rising to the same level as mid-September, when rates were similar to today’s levels. The modest uptick in demand over the last month signals that there will likely be more competition in a market that remains starved for inventory.”

Housing activity is sensitive to any fluctuation in mortgage rates: In October, as borrowing costs soared to a 20-year high, pending home sales plummeted to their lowest level on record, the National Association of REALTORS® reported this week. But since rates have fallen in recent weeks, more home buyers appear to be coming back to the market. The latest report from the Mortgage Bankers Association shows mortgage purchase applications—a gauge for future homebuying activity—rose 5% last week.

“It seems clear mortgage interest rates hit a peak in late October and are now headed south,” says Jessica Lautz, NAR’s deputy chief economist. The latest drop in rates compared to the Oct. 26 peak of 7.79% translates into a monthly savings of $125 on a $400,000 home, Lautz says. That “is significant for many home buyers who may be able to use the savings to cover a monthly utility bill or commuting costs,” she says.

The drop in mortgage rates may encourage more first-time home buyers to enter the market, and they may have more success getting ahead of competing buyers despite low housing inventory, Lautz says. “First-time buyers may have more success with a multiple-offer situation without the intense competition of spring and early summer—especially now, since housing inventory remains tight and even lower mortgage interest rates are expected this spring.”

Freddie Mac reports the following national averages with mortgage rates for the week ending Nov. 30:

  • 30-year fixed-rate mortgages: averaged 7.22%, dropping from last week’s 7.29% average. A year ago, 30-year rates averaged 6.49%.
  • 15-year fixed-rate mortgages: averaged 6.56%, also falling from last week’s 6.67% average. Last year at this time, 15-year rates averaged 5.76%.

Got Questions? The Caton Team is here to help.

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

We love what we do and would love to help you navigate your sale or purchase of Residential Real Estate. Please reach out for a personal consultation. Please enjoy our free resources below and get to know our team from our TESTIMONIALS.

Effective. Efficient. Responsive. The Caton Team 🏡  How can The Caton Team help You?

HOW TO BUY | HOW TO SELL | MOVING TIPS | VIRTUAL STAGING

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

TESTIMONIALS | HOW TO BUY | HOW TO SELL MOVING | VIRTUAL STAGING | TESTIMONIALS

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 – wouldn’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?

Website | The Caton Team Testimonials | Our Blog – The Real Estate Beat | Search for Homes | Facebook | Instagram | HomeSnap | Pinterest | LinkedIn Sabrina | Photography | Photography Blog 

Berkshire Hathaway HomeServices – Drysdale Properties, Redwood City Ca.

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.