Real Estate Market Update – December 2017

San Mateo County Real Estate Market Update – December 2017
2017 saw two foundational trends continue in the San Mateo County real estate housing market. Prices continued their trend upward, while inventory continued its trend downward. It marked the sixth straight year for higher sales prices in both single family homes and condo/townhomes.
Two changes, one already implemented and one in the making, may have a significant impact on the housing market on the Peninsula in addition to across the country.
First, the tax changes may impact buyer behavior with the reduction in deductibility of mortgage interest and possibly state income taxes and property taxes, with the latter two still up in the air.
Second, the projected three hikes in the federal funds rate by the Federal Reserve are anticipated to result in mortgage rate increases of 1⁄2 to 3⁄4 percent by the end of 2018. Additional factors will affect mortgage rates so it’s impossible to predict where they’ll end up and how they’ll get there. No expert expects them to stay as low as they are currently.

Click on this for the full report

December 2017 Market Report KWBAL

2018 HGTV Dream Home – Waterfront Wonder

For those real estate reality TV mavens who follow HGTV shows the way football fanatics follow the NFL, the reveal of the annual HGTV Dream Home is a 2018 HGTV Dream Homevery big deal.

This fantasy abode, designed and decorated by a team of handpicked professionals, is located in a different region of the country each year and offers up a distinct decor vibe each time. Oh, yeah—you can win the place too. Feeling lucky?

This year’s place, a waterfront house in Gig Harbor, WA—a short boat ride south of Seattle—is all about a sleek, modern design aesthetic, married with coastal details. The HGTV design team purchased this four-bedroom home last January, gutted it, and transformed it from floor to ceiling.

Read more….

Tell me what you think?

What the 20 Most Popular Home Renovations Are Really Worth in 2018

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Planning to remodel your kitchen, add a master suite, or undertake some other pricey home renovation in 2018? Watch out—not all of these home improvements pay off like they did in the past, according to Remodeling magazine’s latest Cost vs. Value Report.

For this much-referenced annual report, now in its 31st year, researchers pinpointed the average return on investment of 20 popular home renovations by canvassing contractors nationwide on how much these upgrades cost to complete, then compared that with how much real estate agents estimated these features would boost a home’s market price (in other words, their value).

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Ellen DeGeneres Sells Luxe L.A. Condo for $5.85M

 ellenEllen DeGeneres, talk show host and serial real estate flipper, has done it again. She and wife Portia de Rossi secured a buyer for their Los Angelescondo, according to TMZ. The pending sale, which the website reported to be finalized at $5.85 million, was the second of two apartments the couple owned in the Beverly West apartment building in the Westwood neighborhood.

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Homeowners: Here’s what’s in the tax bill for you

Downsized mortgage interest deduction

New homebuyers would now only be able to deduct interest on the first $750,000 of mortgage debt on a newly-purchased home.gop-tax-bill

Less reason to itemize

Homeowners must itemize their taxes if they want to claim the mortgage interest deduction. But since the final bill calls for nearly doubling the standard deduction, far fewer Americans are expected to itemize come April.

Limit on property tax deduction

Taxpayers will no longer be able to fully deduct state and local property taxes plus income or sales taxes. Instead, the legislation allows individuals to deduct up to $10,000 in state and local income and property taxes or state and local property and sales taxes.

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Playful modern home created in traditional ‘40s Shanghai house

rigi_shanghai_lane_house_renovation_life_board_8.0When design studio RIGI was asked to redesign a traditional Shanghai lane home, the building was in need of structural repair and a major interior overhaul. Built in 1947, the residence was segmented into a warren of compartments that blocked natural light.

So RIGI got to work, demolishing a staircase on the north side of the home and reshaping the layout around a new central stair. Topped by a skylight, the new steel staircase has perforated treads that let even more light filter down into the interior of the home.   More…

Click on the title above to see the full article, great pictures!

Let me know what you think of the design?

With a lack of space, this is one way to be creative!

The 5 best shipping container houses of 2017House_Calls_St._Charles_Smithey_Troesser_exterior_front.0

Made from the thousands of surplus containers that sit on docks around the world, shipping container houses can be an eco-friendly alternative to traditional building materials. Diehards love their durability and, in some cases, their portability—although moving a shipping container house can cost a lot of time and money.

What do you think?

Could you live in one?

 

Home Decor – Orange Accents

Orange is a color that doesn’t get much love when it comes to home decor. Some say it’s too bright, too loud. However, orange can add a welcoming splash of color, if used in the right ways.

 

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Smart Phone, Smart Home

Nest Learning Thermostat

Do you have Nest learning thermostat on your wall? If not, there’s a good chance you’re paying too much for heating and cooling. Not only does Nest boast an intuitive interface and elegant design, it can actually reduce your energy bill.

About Pam

We are focused on providing you with the best results and service in the industry. We listen carefully to understand your real estate goals and work hard to create solutions that make sense for you. Whether you are a first time home buyer or an experienced investor, we have the expertise, proven track record, and resources to help you achieve your real estate goals.

As is often said, real estate is about location, location, location. We have extensive knowledge of the Peninsula from Redwood City up north to San Mateo, CA area and can help you find the right home for you or the right buyer for your home.